The company says that this new range of brake pads provides coverage for 95% of European Heavy-Vehicles including trucks and buses.

The 64,000 square metre facility in San Luis Potosi will house a new manufacturing facility for power electronic components and electric motors with 380 new jobs to be created over the next five years. The facility is planned to come on line incrementally with phase 1 beginning in Q2 2024.

A Report from the 2023 Renault Trucks UK media event. Carlos Rodrigues (Managing Director of Renault Trucks UK and Ireland) gave the keynote speech where he said that the company had been consistently growing its market share in the UK and Ireland market over the last 5 years.

The company has acquired two Seattle-based companies, Integrated Systems and Controls and InControl in order to strengthen its HVAC business in North America.

The official handover will take place on September 1, 2023. Bosmans has been at DAF for 19 years and has held positions in operations, quality control and sales, including the key position of Director of Operations for PACCAR Financial Europe.

By the end of 2023, the factory will be producing up to 2,500 electric school buses a year whilst employing 1,400 new staff members.

Sales in the first half of this year rose to 3,580 vehicles an increase of 18.2% over the same period in 2022.

KG Mobility (known previously as Ssangyong Motor Company), has bought electric commercial vehicle manufacturer, Edison Motors Company, and will change the name to KGM Commercial.

Proterra, whose shares nearly halved in value after the bell on Monday the 7th of August 2023, listed its assets and liabilities in the range of USD 500 million to USD 1 billion. The company says it has a market value of USD 309 million and is currently trading at USD 0.15 a share as of Thursday the 10th of August.

The system was announced last year and is expected to generate 200 kW of power from a single stack, enabling 20 per cent more range per kilogram of hydrogen compared to the 120-kW system, which significantly improves the total cost of ownership of H2 trucks.

The company recently installed more than 6,000 photovoltaic solar panels on the roof of the Mercedes-Benz plant in Wörth, Germany. The system generates 3,000 MWh of electricity a year.

VKTR raises IDR 875bn (USD59m) through the floatation of 20% of its equity on the country’s main IDX exchange.