Hankook has published its 2024 financials with consolidated global sales of EUR 6,380.7 million, compared to EUR 6,329.5 million in 2023. Operating profit increased by 5.3 percent to EUR 1,194.6 million (2023: EUR 940.1 million) in 2024.

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 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.

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

Daimler announced decreased sales in 2024, with 460,409 trucks and buses sold compared with 526,053 in 2023, a 12% decrease. This is a rocky start for recently appointed CEO Karin Rådström, who succeeded Martin Daum late last year.

Mercedes-Benz Trucks y Buses Ltda is investing in warehousing and manufacturing in Argentina.

DAF Trucks UK has been the market leader in the UK truck (trucks >6t) market for 30 years. T&BB analyses the reasons behind this continued success and poses the question, will DAF UK remain the market leader for the next 30 years as the industry transitions to zero emissions?

DAF Trucks UK has been the market leader in the UK truck (trucks >6t) market for 30 years.

The company announced record 2024 sales figures of USD 10.3 billion, a decrease of USD 300 million compared with 2023 figures of USD 10.6 billion. Adjusted EBITA rose by USD 14 million in 2024, to USD 885 million (2023: USD 845 million). Financially, the company has a free cash flow of between USD 175 to USD 275 million (2023 USD 476 million).

The Iveco Daily Line was the model range extensively highlighted by Iveco América do Sul Ltda at Fenatran 2024

Net revenue tipped the BRA 1 billion mark, representing a 16.6% increase on Q3 in 2023.

The company announced it will be implementing job cuts this year as part of this restructuring plan. This will mean reducing its workforce by approximately 16.5%, equating to 102 full-time equivalent positions.