Truck Hero Acquires Backrack Truck Racks

Truck Hero Inc.‘s latest strategic acquisition is Backrack LLC, a manufacturer of heavy-duty truck racks. Transaction terms were not disclosed. “We are excited to welcome the Backrack team to the expanding Truck Hero family of brands,” said Bill Reminder, president and CEO of Truck Hero. Mike Cunningham, who has led Backrack for more than 11 years,… Continue reading Truck Hero Acquires Backrack Truck Racks

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Daimler Pulls Plug on U.S. Electric Smart Car Sales

Daimler is ending sales of its diminutive all-electric smart cars in the U.S. and Canada, officially pulling the plug on a vehicle that has struggled to gain ground in North America as the German automaker prepares to bring the brand to China…