Opinion

Rolf Lockwood Author Gravatar Image Avatar photo

The urban future?

by Rolf Lockwood

As I write this in a hotel room in Hannover, Germany -- where 400 other trucking journalists are also lodged -- I'm anticipating the opening of the 2016 IAA Commercial Vehicles Show tomorrow morning. Ultimately there will be some 2500 motor noters like me descending on the Hannover exhibition grounds and then rushing about this way and that like pen-wielding ants, all of them looking for a story that nobody else has discovered.

Rolf Lockwood Author Gravatar Image Avatar photo

VW, Navistar: What’s the Deal?

by Rolf Lockwood

Well, it finally happened. Rumored for many months, if not years, and now a fait accompli, Volkswagen Truck & Bus has bought a piece of Navistar International. While the gossip mill mostly envisioned an outright purchase by the German giant, yesterday's announcement described a less dramatic deal: VW is buying a 16.6% stake in the Illinois company. It will pay US$15.76 per share or a 25% premium over Navistar's 90-day volume-weighted average price as of Aug. 31, or 12% over Navistar's closing price on Sept. 2. Navistar will receive US$256 million from the equity investment to be used for general corporate purposes.

John G Smith Author Gravatar Image Avatar photo

Trust Your Co-pilot: Bendix Wingman Fusion keeps virtual eyes on the road, foot upon the brakes

by John G Smith

First, a confession. I am a terrible passenger. My right foot is always pumping against the floor mat whenever I find myself riding shotgun. A knot forms in my stomach when someone takes anything other than my favorite route. When the Today's Trucking team carpooled to a trade show earlier this year, I was quick to reach for the keys before anyone else had the chance.