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Newsby StaffNovember 10, 2020

Bimbo Bakeries Orders More Electric Trucks from Motiv

Bimbo Bakeries has renewed its partnership with Motiv Power Systems with a follow-up order of 100 electric walk-in vans after a successful year-long pilot program.

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Newsby StaffNovember 10, 2020

Hertz Reports $222M Net Loss in Third Quarter, with Sequential Improvements

Hertz CEO Paul Stone cited U.S. rental volume improvements since Labor Day and domestic revenue improvements of 14 points from July to September.

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Newsby StaffNovember 9, 2020

Hertz Secures $4B for Fleet Financing

The financing, expected to be structured as an asset-backed securitization short-term facility, will fund the purchase of about 229,000 vehicles in 2021.

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Newsby StaffNovember 8, 2020

KAR Expands Data-Powered Recommendations with TradeRev Partnership

KAR Auction Services has amplified its “recommendations carousel” on ADESA.com to include dealer trade-ins from TradeRev

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Newsby StaffNovember 8, 2020

Manheim Runs Pilot Program for Physical Sales

The restart of physical auction sales will look different for each location and comes with limitations intended to protect the health and safety of team members and clients.

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Newsby StaffNovember 5, 2020

Transervice Partners with Day & Ross on Maintenance Services

The on-site facility established by Transervice maintains approximately 47 tractors, one straight truck, one light-duty van, and 127 dry trailers.

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NewsNovember 5, 2020

EVs to Achieve Production Cost Parity by 2024

According to research by investment bank UBS, the extra cost to manufacture electric vehicles versus traditional internal combustion vehicles will decrease to $1,900 by 2022 and disappear completely by 2024.

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Newsby StaffNovember 4, 2020

HK Truck Center Partners with Lion Electric

H.K. Truck Center, a New Jersey-based truck dealership, will distribute, sell, and service Lion’s complete lineup of zero-emission trucks in the state.

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Newsby StaffNovember 4, 2020

Sixt Implements Reservation Integration with Rent Centric

The new interface link, available to Sixt franchisees worldwide, supports streamlining the workflow process between reservations gathering and operations procedure

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Newsby StaffNovember 3, 2020

Brazilian Auto Manufacturer FNM Returns to Develop Electric Trucks

Brazilian manufacturer Fábrica Nacional de Motores (FNM) is returning to the market to produce battery-electric trucks for the Brazil market, after shutting operations in 1988, following a new partnership with a U.S.-based battery Tier 1 supplier.

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