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.

The Hyzon Board of Directors announced that they have unanimously approved a plan to dissolve the company and liquidate its assets, pending shareholder and regulatory approval. A mandatory disclosure has been submitted to the US Securities and Exchange Commission (SEC).

In late December 2024, Lion Electric obtained creditor protection under the Companies' Creditors Arrangement Act (CCAA) in Canada and filed for Chapter 15 bankruptcy in the United States.

On December 23, 2024, the company issued a “Worker Adjustment and Retraining Notification (WARN) Act” which notified employees at its Bolingbrook, Illinois, and Troy, Michigan, facilities, of potential layoffs. These notices initiate a 60-day period before workforce reductions take effect, with layoffs expected to be completed by February 2025 if the company cannot secure additional funding.

T&BB spoke with Andrew Blundell, Managing Director at Irizar UK and Julie Hartley, Sales Director of Irizar UK who told us that the company is moving forward with plans to establish a new head office near Blyth, in Nottinghamshire.

Marcopolo international operations abroad deliver 2,262 units, a volume increase of 9.6% than in 2022.

The company will also consolidate its shares, merging five existing shares into one. Essentially the number of shares outstanding changes from 73,088,382 to 14,617,676. This consolidation aims to stabilise the stock price and improve trading liquidity.

In the last five years, Frasle says revenues associated with the sale of Controil extruded hoses, injected ducts and rubber components, such as bumpers, cushions and sealing items, have tripled.

Announcing an order for another 100 electric bus chassis for the city São Paulo Mercedes-Benz do is expected to see e-bus deliveries rise to over 200 in 2024 (50 units in 2023).