Ijaz’s reappointment coincides with the closing of ONE’s latest funding round, which was led by Crescent Ventures LLC.

The operation in Adana, extends to 2,250 square metres and operates nine assembly lines.

Comgás installing natural gas refuelling stations for three major operating companies Ypê, Nelcar and Grupo SADA in the state of São Paulo.

The round was led by America venture capital firm, Ecosystem Integrity Fund (EIF) of Sacramento, California, with participation from Blume Ventures of Mumbai, India and British International Investment Plc of London, UK (BII).

The Krone Commercial Vehicle Division generated EUR 1.58 billion in revenues, a decrease of 26.1% compared with 2023 figures of EUR 2.14 billion.

This investment enables the company to respond to the growing demand for electric and hybrid powertrains in Europe. The Tczew facility complements Eaton’s North American testing centre located in Mashall, Michigan.

MAN says it has invested EUR220m to retool the Nuremberg plant for D30 production, as well as an additional EUR30m in associated crankshaft production in Salzgitter.

Facility with annual capacity for 50,000 smart, battery-powered trucks.

Reduced volumes in the truck and powertrain sectors, reduce 2024 revenues but lower operating costs deliver improved margins.

The GBP 3.5 million investment opened its doors on February 13 and will exclusively train apprentices for the DAF brand, with 500 individuals confirmed to attend courses in its first year.

Flexible production line will produce battery-powered and ICE models.

The new production unit is being built for the manufacture of Accelo and Atego trucks, and Mercedes-Benz’s OH and OF bus chassis.