Demand for semitrucks is surging, and four companies stand to benefit
Publishing timestamp: 2023-01-25 17:27:04
Summary
Semitruck makers have seen record demand for trucks in recent months and have pivoted from managing tight supply constraints to filling orders. Four companies dominate U.S. truck manufacturing, with Daimler having the largest market share. Companies are investing in electric semitruck technology to satisfy regulations and compete with outsiders such as Tesla. Foul play has also plagued the industry recently. Established truck makers are balancing keeping their customers happy in the present while investing for the uncertain future.
Sentiment: NEUTRAL
Tickers: DTG-DE, 8TRA-DE, VOLV.B-SE, PCAR,
Keywords: daimler truck holding ag, paccar inc, autos, business news, transportation, traton se, volvo ab, trucking, automobile manufacturing,
Source: https://www.cnbc.com/2023/01/25/making-americas-semitrucks.html