WABCO

Major acquisitions of TRW Inc. and Wabco Holdings have made ZF the world’s largest commercial vehicle supplier.

Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.

Daimler trucks is recalling Freightliner Cascadias from the 2017-2021 model years because corrosion of an antilock brake component can cause the brakes to pull the truck to the right, increasing the possibility of a crash.

With final approvals in hand, German commercial vehicle mega-supplier ZF Friedrichshafen creates a new division for technology supplier Wabco Holdings, adding 12,000 employees.

Wabco leverages its own intelligent antilock brakes and some help from other suppliers to create a connected and smart trailer platform.

Justice Department asserts separation will preserve competition in North America.

Nikola Corp. expects to raise more than $1 billion in its Series D runding raising. That starts with London-based CNH Industrial that invested $250 million in cash and in-kind help.

Volvo Trucks says anyone involved in heavy-duty trucking has a “moral obligation” to make trucking safer.

WABCO announced that its shareholders have approved the proposed acquisition by ZF Friedrichshafen.

Nikola Motor Company founder & CEO Trevor Milton admits that he is smart enough to know that there are smarter people than him in the world, and he wanted to leverage that expertise when building his new truck. Enter the industry’s top suppliers.

German automobile and commercial vehicle technology supplier ZF Friedrichshafen plans to acquire rival Wabco for $7 billion, the companies announced Thursday.

Truck technology manufacturer WABCO has confirmed that it is in negotiations with ZF Friedrichshafen AG with a view to selling the company to the Germans. Shares in WABCO increased more than 8 percent on the news.

WABCO Holdings Inc. (NYSE: WBC) beat Wall Street’s consensus fourth quarter expectations of non-GAAP earnings per share (EPS) of $1.98 by over 7 percent and GAAP EPS of $1.97 by over 11 percent according to Seeking Alpha.

WABCO and Nikola will accelerate the development of industry-leading safety technologies specifically designed for electric commercial vehicles, including electronic braking, traction control, and stability control. Nikola anticipates offering its fully electric Nikola Two day-cab truck (pictured here) for sale in the U.S. by 2021.

Global technology company Wabco Holdings has acquired a 1% equity stake in Nikola Motor Company with a $10 million investment. Nikola is designing a hydrogen-electric Class 8 truck.

Wabco’s acquisition of the remaining 50% ownership stake Meritor held in the Meritor Wabco joint venture, which began 27 years ago, a few weeks ago is one of the steps Wabco is taking to ensure its continued growth and positioning for the future.