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Federal Reserve Chairman Jerome Powell officially announced a widely expected cut to the federal funds rate yesterday, dropping the central bank's target by a quarter-point to 2%.
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Depreciation among car and truck segments improved slightly last week, but overall remains fairly stable, according to Black Book's July 29 Market Insights report.
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Toronto-based Rover will begin testing subscription services for its “AirBnb for parking” platform.
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The Insurance Institute for Highway Safety has given the Top Safety Pick+ award to the 2019 Toyota RAV4 when the compact SUV is outfitted with curve-adaptive LED projector headlights.
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Ford has released power ratings for the 7.3L V-8 gasoline engine that propels the 2020 F-600 chassis cab truck and provided technical details for the truck's 10-speed automatic transmission as well as its next-generation 6.7L PowerStroke V-8 diesel.
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BYD Company Ltd. and Toyota Motor Corp. signed an agreement for the joint development of battery-electric vehicles that will be released in China.
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Auto Truck Group will build a new facility in Fort Wayne, Ind., that will help it nearly double its capacity to build and install equipment for commercial fleet vehicles.
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Merchants Fleet has hired three senior fleet consultants, including Chad Edmonson, Lawrence Liu, and Eric Miller, the Hooksett, N.H.-based fleet management company announced.
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Some 62% of drivers with adaptive cruise control say they read or send texts while driving as compared with just 49% of drivers without adaptive cruise control, according to a new survey from State Farm.
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Pat Sheehan, past president of NAFA and longtime fleet director at Baxter, died on July 27 following a long illness. He was 87.
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