A status quo rate in Trump tax bill is big win for corporations
Executives at America’s largest corporations watched Donald Trump sign a massive tax-cut bill without any change in their own companies’...
Kenworth, Peterbilt maker cuts jobs in Quebec amid weak market
Truck maker PACCAR Inc., parent company of the Kenworth and Peterbilt nameplates, will lay off 175 employees in its Sainte-Therese,...
Daimler to begin assembling Mercedes trucks in Senegal this year
Daimler Truck Holding AG plans to establish an assembly plant in Senegal, with production of Mercedes-Benz trucks scheduled to begin...
Higher loan rates in Brazil threaten tractor sales rebound
Brazil has raised interest rates on farm equipment financing, threatening to constrain a much-needed recovery in tractor sales. Borrowing costs...
Fed officials hold rates again, still see two cuts by year end
Federal Reserve officials left interest rates unchanged and continued to pencil in two rate cuts in 2025, saying uncertainty over...
US homebuilder sentiment drops to lowest level since end of 2022
Confidence among US homebuilders fell in June to the lowest level since December 2022, with potential buyers deterred by high...
Deere eyes Brazil machinery sales beating Europe in coming years
Deere & Co expects sales of farm tractors and combines in Brazil will overtake those to Europe in the next...
Toyota, Daimler finalize plan to merge truck units in 2026
Toyota Motor Corp. and Daimler Truck have agreed to finalize a merger of their truck manufacturing subsidiaries, Hino Motors Ltd....
