Report: REV Group Plans to Raise $100M in IPO

Milwaukee-based specialty vehicle manufacturer REV Group Inc. plans to raise up to $100 million in its initial public offering, according to a preliminary prospectus it filed Monday (Oct. 24) with the SEC. REV Group is parent to REV Recreation Group,builder of American Coach, Monaco Coach, Holiday Rambler and Fleetwood RV motorhomes. As reported by the Milwaukee Business News, the prospectus […]

Allison Transmission Reports Dip in 3Q Income

Indianapolis-based Allison Transmission Holdings Inc. is reporting third-quarter net income of $44.6 million, down from $46.5 million during the same period last year. The company says net sales were also down 12%, driven by lower demand in the North American on-highway and off-highway markets. Chief Executive Officer Lawrence Dewey noted that the company’s third-quarter results were within […]

TMC Introduces new Miramar Class A Floorplan

Thor Motor Coach has introduced a new Miramar 37.1 floorplan featuring two full bathrooms and bunk beds built on the dependable Ford F-53 motorhome chassis. According to a press release, the Miramar 37.1 is “elegantly styled” with high-gloss hand-crafted Amish cabinetry, the authentic look of wood plank flooring, and solid-surface kitchen countertops. The Miramar includes modern […]

Boomers Find Second Career as Work Campers

Michael Shoemaker is sitting at a picnic table in front of his recreational vehicle on an early October evening here at the Red River State Recreation Area. As reported by the New York Times, Shoemaker is a work camper, one of thousands of modern-day nomads who live in their motor homes or trailers, traveling from […]

Truck, SUV Demand Drive GM to Solid 3Q Gains

General Motors Co. reported record third-quarter profit and sales, beating analysts’ estimates on demand for light trucks in the U.S. and luxury vehicles in China. Bloomberg reported that net income more than doubled to $2.8 billion, GM said in a statement Tuesday (Oct. 25), and adjusted earnings of $1.72 a share exceeded the $1.47 projected […]