Demand for Ford commercial trucks exceeds supply
Demand for Ford's commercial vehicle division, Ford Pro, is exceeding supply as dealers “clamor” for inventory. “Dealers are clamoring ...
Tag: earnings
Cat Financial profit up 41% on higher financing rates
Cat Financial, the equipment financing arm of Caterpillar, reported a 2023 profit of $563 million, up 5% from 2022, spurred ...
Strong North American sales bolster Hitachi Construction Machinery Q3 results
Strong sales of mining trucks and public works equipment in North America pushed Hitachi Construction Machinery’s fiscal third-quarter 2023 net ...
New York Community Bank’s equipment finance outstandings grow in fourth quarter
New York Community Bank’s equipment finance outstandings represented nearly 27% of the bank’s overall commercial and industrial portfolio in fourth-quarter ...
Komatsu retail finance originations rise 13%
Japanese OEM Komatsu’s retail finance originations increased during the first nine months of the company’s fiscal 2023 due to favorable ...
Volvo North American truck orders up 20%
Swedish equipment manufacturer Volvo Group’s truck orders increased in the fourth quarter and for the full year as the manufacturer ...
Volvo Financial Services’ new business volume, credit portfolio jump in 2023
Volvo Financial Services posted an increase in new retail business volume in 2023 as the captive’s penetration rate slipped. The ...
United Rentals equipment rental revenue jumps 13.5%
United Rentals’ revenue set a record in the fourth quarter of 2023 as equipment rental demand persisted and the acquisition ...
