Hankook's decision to expand its Hungarian plant by 66,000 sqm and add this CV tyre production line was driven by the strategic goal of strengthening its presence in the European market. By producing TBR tyres locally, the company aims to shorten its route to market.

Specifically, this partnership focuses on the development and production of catalyst-coated membranes (CCMs) for fuel cell stacks. JM's high-performance CCMs will be integrated into Bosch's fuel cell power modules, designed for commercial vehicles.

The two companies have drawn up a plan to establish a dedicated truck upfit and modification centre which will be run by Shyft and located near Isuzu’s planned factory in Greenville, South Carolina.

The company announced its 2024 financial report, with record full-year sales of USD 3.2 billion (2023: USD 3 billion), which increased the Earnings Per Share (EPS) to a record USD 8.31, up 12 percent from 2023. 2024 net income was USD 731 million, compared with 2023 figures of USD 673 million.

This capital will help the company scale manufacturing at its 250,000 square foot production facility in Ohio. This strategic investment aims to meet the growing demand for zero-emission specialty vehicles, particularly in the American electric school bus sector.

The company announced 2024 sales figures of USD 10.3 billion, a decrease of USD 300 million compared to 2023 figures of USD 10.6 billion. Adjusted EBITA rose by USD 40 million, to USD 885 million in 2024 (2023: USD 845 million). Financially, the company is healthy with an operating cash flow of USD 476 million and a sales backlog of USD 650 million.

February this year saw Volvo do Brasil Veículos Ltda of Curitiba, Brazil begin exporting trucks to Mexico.

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.

The ‘StackPack 75’ fuel cell system is designed for on-road applications such as urban and intercity buses, coaches, and light- to medium-duty trucks, as well as offroad handling and construction equipment.

Turntide is integrating its operations in the northeast of England into a single engineering campus based in Gateshead and is producing inverters under contract with Kaynes Technology India Ltd for the domestic light-duty market.

The company announced its 2024 financial results, with revenues down by EUR 19.5 million in 2024 at EUR 151.8 million compared with EUR 171.3 million in 2023.

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.