MENU
SEARCHMENUSEARCH
Ford plans to reveal its next-generation F-150 pickup in 2020 as it plans to continue to dominate the U.S. pickup truck market, outgoing CFO Bob Shanks said at an investor event.
Read More →
Workhorse Group announced its intention to spin off its aviation division, which includes its SureFly personal helicopter, into a separate publicly traded company named SureFly Inc. – but it will hold on to the HorseFly drone designed for parcel deliveries.
Read More →
General Motors should gain market share by replacing 88% of its light-duty lineup by 2020, while Volkswagen and Korean automakers are relying too heavily on cars with consumer demand shifting toward SUVs and trucks, according to a Bank of America Merrill Lynch analyst.
Read More →
Bridgestone ended the bidding war for Pep Boys on Dec. 29, and activist investor Carl Icahn was named the victor in the quest for the Philadelphia-based chain.
Read More →
Toronto-based Element Financial Corp. has entered an agreement with General Electric to acquire GE Capital's fleet business in the U.S., Mexico, Australia and New Zealand for $6.9 billion.
Read More →
General Electric will sell off its fleet management and automotive financing business units by 2018 under a strategic plan to focus on its core businesses and shed most of its finance and banking businesses, the company has announced.
Read More →
Net income totaled $606 million or $2.10 per share, up 37% from last year’s $1.53 per share. Revenue was $11.7 billion, an increase of 6% from the same time a year earlier.
Read More →
A private equity consortium has acquired 80 percent of Africa’s largest privately-owned parcel distribution company RTT.
Read More →Payment processor Comdata is seeking to raise $855 million in debt financing as part of a plan to retire some of its parent company's debt ahead of the Comdata initial public offering.
Read More →
Hertz Corp. is spinning off its Hertz Equipment Rental Corp. (HERC) as a separately traded entity that will remain one of the largest global equipment rental companies.
Read More →