Economy

Auto still drags down manufacturing; But Prairie sales jump

OTTAWA -- Following recent export trends, Canadian manufacturing edged lower in August due to a weaker motor vehicle industry.

Dealers offering incentives to push ’07 truck stock: Analyst

NEW YORK -- Smaller carriers who weren't planning to buy more expensive '07 trucks are reconsidering adding new equipment to their fleet after having attractive incentives proposed to them, according to New York-based transportation analysts at Bear Stearns.

Per Carlsson new President of Volvo Trucks North America Division

Per Carlsson has been appointed new President and CEO of Volvo Trucks North America Division. Per Carlsson is today responsible for Volvo Powertrain Sweden and he will take up his new position on January 1, 2008.

Navistar on verge of buying GM truck unit

CHICAGO -- Commenting on what market analysts have been speculating for months, Navistar has confirmed that it's seriously looking at acquiring GM's medium-duty truck business.

TransForce making money. Just not as much, company says

MONTREAL -- Our rising buck and falling manufacturing output resulted in Canada's biggest trucking company reporting lower than expected third-quarter earnings this week. But it still made money.

Cummins, Cat score well on engine satisfaction survey

WESTLAKE VILLAGE, Calif. -- Diesel engine competitors Caterpillar and Cummins both ranked highest in satisfying customers with heavy-duty truck engines and transmissions, according to the J.D. Power and Associates 2007 Heavy-Duty Truck Engine/Transmission Study.

Alta takes bigger slice of black gold profits

CALGARY -- Western Energy companies and investment firms are warning that Alberta Premier Ed Stelmach's decision to hike oilpatch royalties will cost jobs and hurt the industry.

Manufacturers’ optimism waning: StatsCan

OTTAWA -- Despite all the problems facing Canadian Manufacturers' six months ago, many were feeling pretty good about things back then.

New Kid on the Block: Isuzu stakes Canadian claim

MISSISSAUGA, Ont. -- Robert Peters has a lofty title and huge ambitions but at the moment, his office is about as nicely decorated as an unfinished vacant apartment.

Hendrickson parent buys Watson & Chalin

ITASCA, Ill. -- The suspension pros at Hendrickson International have just joined hands with one of their competitors, Watson & Chalin Mfg.

Sterling fires Bullet into the market

REDFORD, Mich. -- Sterling Truck says its new class 4-5 Bullet truck, a new chassis-cab vehicle announced in March has begun production. The trucks have already begun arriving in dealerships.

Navistar to build diesel engines in India

CHICAGO -- Navistar has signed a joint venture agreement with Mahindra & Mahindra Ltd. of India to produce diesel engines for medium and heavy commercial trucks and buses in that country.

Riding the Dragon: Canada-China trade surges in ’07

OTTAWA -- The rate of Canadian exports to China surpassed that of any other G7 country, and this year put China neck-and-neck with Japan as Canada's third largest export market.

Trade gap widens as dollar grows

OTTAWA -- The rapid rise of the Canadian loonie is being held responsible for Canada's trade balance with the world sinking to its lowest level since in nearly 10 years.

Heavy-duty joint venture garners accolades

VANCOUVER, -- The development of a liquefied natural gas (LNG) engine for heavy-duty trucks is not only beneficial to the environment, but to the companies participating as well.