U.S. truck engine maker Cummins Inc. said on Tuesday it is acquiring truck parts supplier Meritor Inc. for $2.58 billion in cash in a bid to beef up its electric and hybrid vehicle parts offerings amid a boom in demand for climate-friendly transport.
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By:
Reuters
February 22, 2022 01:59 PM
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Porsche shipments to dealerships stopped over tariffs, retailers say
Porsche, like its stablemate Audi, is holding vehicles at the port before the point in the import process when tariffs are applied, multiple sources say.
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