BorgWarner’s full-year financial year results included net sales of USD14.1bn, an increase of 12.4% when compared with 2022 (USD12.6bn). Gross profit was up too in 2023 at USD2.5bn (2022: USD2.3bn) with operating income of USD1.1bn, or 8.2% of net sales.

The 2023 strategic highlights include the second-generation stack design, offering performance improvements. Furthermore, a megawatt electrolyser demonstrator completed testing in Germany and has arrived at partner Shell’s R&D centre in Bangalore, India for further testing.

The “Isuzu Transformation IX – Growth to 2030” mid-term business plan released in April is designed to transform the truck-maker into a commercial mobility solutions company by 2030 “to address challenges faced by customers and society through transport”.

The Turkish commmercial vehicle manufacturer announced that, between 2020 and 2023, its turnover grew by 252% to USD387.5m in 2023.

T&BB decided to delve into the reasons for this sales success story by interviewing the top management of Stuart Beeton, Head of Sales & Marketing and Peter Murphy, Managing Director of Isuzu Truck UK.

The Polish company sold a total of 1,456 vehicles in 2023, of which 82% were fitted with alternative drivelines, according to figures reported during an online press conference in March.

The parent of ADL, New Flyer, and MCI announced sales revenues of just under USD2.7bn in 2023, a year-on-year increase 30% compared to revenues of just under USD2.1bn.

Daimler Buses has set itself a range of ambitious targets for 2030, including achieving an adjusted return on sales of nine percent by the end of the decade and eight percent by as early as 2025 (2023: adjusted return on sales of 4.7%). Overall, the business segment is set to become more lean and therefore profitable in order to shoulder the investment into electrification.

Aurora shared progress on the upcoming commercial launch of its level 4 autonomous truck driving software (Aurora Driver) and for the very first time, publicly displayed the Aurora Driver in a Volvo VNL truck (without a driver), navigating different driving and safety scenarios on a closed circuit track. 

The parent of specialty truck brands including McNeilus and Pierce reported a recovery in its income for 2023 compared to the year before, announcing an adjusted net income of USD657.2m (2022: USD237.6m).

The Swedish manufacturer announced its financial results for 2023, reporting net sales of SEK552.8bn and an adjusted operating income of SEK77.6bn.

The parent of DAF, Kenworth, and Peterbilt announced record sales revenue of USD35.13bn in 2023, a 22% improvement on its performance in the year before (USD28.82bn).