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Truck and engine manufacturers Fiat Industrial SpA (FI.MI) and Cummins Inc. (CMI) are counting on rebounding sales of commercial trucks this year after seeing demand for trucks skid for most of the past 12 months.Italy's Fiat blamed a 15% decline in first-quarter profit on a loss at its Iveco commercial truck and engine unit. Iveco swung to 9-million-euro ($11.7 million) loss in the quarter following a EUR63 million profit a year ago. Fiat Industrial trimmed it profit-margin forecast for 2013 to 7.5% to 8.3% from 8.3% to 8.5%, but Fiat Chairman Sergio Marchionne said he expects Iveco's results to improve as the year unfolds."We think the truck side has bottomed in the first quarter of this year," Mr. Marchionne said in remarks to analysts. "We need to see how the market develops for the rest of the year."Iveco is viewed by analysts as the weakest link in Fiat Industrial, which also is the holding company for farm and construction machinery maker CNH Global NV (CNH). The companies are b...
Navistar International Corp. (NAV) named Chief Operating Officer Troy Clarke as its new chief executive amid signs the commercial truck maker's turnaround strategy i...
Navistar International Corp named a new chief executive as the truck and engine maker indicated it was on the road to recovery by forecasting market share gains in t...
Cummins Inc. (CMI) revised its previously released fourth-quarter and full-year results to account for an increase in the company's legal reserves due to a recent co...
Navistar International Corp. (NAV) Chairman and Chief Executive Lewis Campbell predicted the damage to the commercial truck marker's share of the North American mark...
A strong spring buying season for construction machinery in China likely won't be enough to revive demand for Cummins Inc.'s (CMI) engines used by Chinese equipment ...
Cummins Inc.'s (CMI) fourth-quarter earnings sank 30% amid falling sales of truck engines in North America and lower demand for engines in China and other internatio...
Cummins Inc.'s (CMI) fourth-quarter earnings sank 30% as the heavy-duty truck engine maker saw sales in most of its segments decline, led by its core engines busines...
General Electric Co reached a deal to sell equipment to Clean Energy Fuels Corp , which is building out a series of liquefied natural gas fueling stations for U.S. t...
Navistar International Corp. (NAV) plans to close its Garland, Texas, assembly plant, as the embattled truck maker shrinks it manufacturing capacity in response to f...
Dozens of U.S. companies postponed releasing quarterly results after superstorm Sandy hit the U.S. east coast, disrupting power supplies and transportation and flood...
Dozens of U.S. companies postponed releasing quarterly results as Sandy, one of the biggest storms to hit the United States, pounded the east coast, flooding large p...
Dozens of U.S. companies postponed releasing quarterly results as Hurricane Sandy headed towards the U.S. East Coast on Monday.Forecasters said the 1,000-mile-wide (...
Cummins Inc.'s (CMI) first-quarter earnings fell 38%, but the engine maker maintained its profit outlook for the year as it counts on improving demand of truck engin...
U.S. regulators have certified Navistar International Inc.'s (NAV) 13-liter diesel engine as meeting the federal emissions standard, ending a three-year odyssey of n...
Truckers considering natural gas as an alternative to high-priced diesel say the cost of vehicles that run on the cheap and cleaner-burning fuel is still too high fo...
Navistar International's (NYSE:NAV) chief operating officer Troy Clarke said the truck maker is considering options for consolidating engine production, according to...
Truck maker Navistar International Corp (NAV) has more engine plants than it needs and is considering options for consolidating engine production, Chief Operating Of...
China's market for construction equipment still faces a glut of unsold inventory, analysts said in a conference call organized by J.P. Morgan Securities Wednesday."T...
Warren Financial Services CIO Randy Warren on why it is a low-inflation environment and how investors can profit from it.
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