General Motors moves to challenge rivals in U.S. commercial fleet sales

General Motors

General Motors is strengthening its competition with rival Ford Motor’s lead in sales to U.S. commercial fleets to prop up profit targets amid slowing consumer demand, according to executives at the No. 1 U.S. automaker. GM is counting on new medium-duty Silverados – equipped as tow trucks, utility bucket trucks and delivery trucks – to […]

Toyota’s Hino, Volkswagen’s truck form alliance to cut R&D costs

Toyota Hino truck

The truck units of Toyota and Volkswagen are forming an alliance to boost their market positions as commercial automakers face increasing costs to develop lower-emission automobiles and automated driving capabilities. The strategic tie-up of Toyota subsidiary Hino Motors and Volkswagen Truck & Bus GmbH is the recent in the international vehicle industry, where automakers look […]

Volkswagen to develop electric trucks and buses in $1.7 billion technology drive

Volkswagen logo

Volkswagen AG is going to invest 1.4 billion euros ($1.7 billion) in new technologies consisting of electric trucks and buses by 2022, VW’s trucks chief Andreas Renschler stated. The money will go toward electric drives, autonomous automobiles and cloud-based systems, he stated on the sidelines of a business event on Wednesday. He likewise said a […]