Although it made more in sales, Shyft took less income in 2022: its adjusted net income for the year was USD44.5m, a 40% drop from the year before.

The proportion of vehicles sold with electric, hydrogen and hybrid drives increased from 41% to over half (55% - 823 versus 669 units with internal combustion engines), marking the first time in the company’s history that buses with alternative drives have outsold conventional ones. 

Excluding the contribution from the recently-acquired Meritor, Cummins made USD26.2bn, a 9% improvement on the year before (USD24bn).

Marcopolo's fiscal action plan paying off, says CEO.

Sales in the commercial vehicle applications segment contributed Euro 350,2 million in 2022 compared to Euro 293.9 million the previous year, a growth of Euro 56.3 million.

Total net sales came to USD2,769 million, up 15% from USD2,402 million in 2021

The Austrian trailer builder’s performance in 2022 outstripped its sales in the previous year by 9% (EUR409m).

Sales and operating profit increased YoY by 17.5 percent and 9.9 percent, respectively, thanks to increased demand for large-diameter tyres.

Major investment in the region starting to deliver results, says Iveco.

With revenues of USD405m Librelato is investing in technology for efficiency gains and expanding its parts and service network from 21 to 30 outlets in Brazil.

The German retrofit firm reported an annual turnover of approximately EUR13m, a 25% year-on-year increase.

The company ended 2022 with a record order book of 1,474 buses compared with 325 in 2021.