Page 26 - Traton Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Regulators give final approval for Navistar, Traton merger Navistar on Wednesday said it has received all regulatory approvals needed to proceed with a previously announced merger with Dusk Inc., a wholly owned indirect subsidiary of Traton SE. The closing date of the merger is expected to be on July 1, subject to the satisfaction of customary closing conditions.  Navistar, the manufacturer of International Trucks, and Traton, Volkswagen's commercial truck arm, in November entered into a merger agreement in which Traton would acquire all of the outstanding common shares of Navistar for $44....

Leathers Even as autonomous driving technology continues to advance, the freight transportation business will need more truck drivers in the future, not fewer, Werner CEO Derek Leathers told TT. American Trucking Associations has estimated that the industry will need to hire 900,000 drivers over the next decade. “I think that’s something that’s important for the industry and for drivers to understand,” Leathers said. He compared the emergence of autonomous trucking to the rise of rail intermodal operations. “There was all kinds of fear when intermodal really started to gain traction...

TuSimple says its self-driving trucks shaved 10 hours off a 24-hour run CNBC 5 hrs ago Lora Kolodny TuSimple, a driverless tech company, tested its trucks by hauling fresh watermelons along a 951-mile route from Nogales, Arizona, to Oklahoma City. The job, which normally takes over 24 hours, took only 14 hours and six minutes, the company said. A human driver worked on the pick-up and delivery of the produce. But during the long middle segment of the drive -- from Tucson, Arizona, to Dallas, Texas -- TuSimple's vehicle drove itself with a human safety driver on board. © ...

Top IG Metall official takes over as human resources chief at Volkswagen subsidiary Bernd Osterloh, head of the joint works council at Volkswagen and leading member of the IG Metall trade union, has always been convinced he has exactly what it takes to be a manager. In fact, he is the living embodiment of the transformation of the trade unions and their affiliated works councils into paid agents of big business. It has just been announced that Osterloh is to take over as manager at VW’s truck and bus subsidiary, Traton SE, with an annual salary of around one million euros. His job will be t...

While eyeing a SPAC, Swedish autonomous EV company Einride nears $75 million in new funding Swedish autonomous electric vehicle startup Einride is aiming to continue the momentum sparked by partnerships with Oatly and Lidl by seeking additional capital, TechCrunch has learned.  Einride is seeking $75 million in new financing, while at the same time exploring the potential for a public listing through a special purpose acquisition company, according to people with knowledge of the company’s plans. SPACs, a mechanism in which a publicly traded shell company merges with a private business, ha...