Equipment

Equipment

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February 5, 2014 - Industry News

FET Exemption for Glider-Kitted Trucks Might End, IRS Indicates

In its two factories in east Tennessee, Fitzgerald last year assembled about 1,200 gliders.

Exemption from the 12% FET is a major benefit of buying gliders instead of new trucks, but new IRS thinking would take away that break.

Tags: Taxes, Equipment, Federal Excise Tax, Glider Kits, NTEA, NTDA, IRS, Dealers

October 3, 2013 - Industry News

Cummins Announces ISV5.0 V-8 Diesel for Light and Midrange Trucks

Cummins&amp;rsquo; 5-liter V-8 diesel will go into production in about a year. Nissan is the first to announce its use in its 2015 Titan pickup.<br />

Cummins is going after more of the light- and medium-duty market with its new ISV5.0, a 5-liter (302-cubic-inch) V-8 diesel that promises high performance and low total cost of ownership.

Tags: Cummins, Nissan, Equipment, Engines, Light & Medium

September 13, 2013 - Industry News

Lawmakers, Industry Press for No FET Hikes on Trucks

Legislation has been introduced in the U.S. House to discourage any increase in the 12% Federal Excise Tax on the purchase of heavy-duty trucks and trailers, a measure that has been discussed as one way to raise more money for highways.

Tags: NTEA, TRALA, Taxes, ATD, Congress, Navistar, Volvo Trucks, Equipment, Mack Trucks, Meritor, Highway Funding, Dealers, Infrastructure Funding

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