The truck-trailer components manufacturer reported a revenue increase of approximately 25% over the previous year.

The CV corporation saw net sales of SEK473.5bn in 2022 from SEK372.2bn in 2021. CEO and President, Martin Lundstedt, stated that Volvo ended 2022 in a good financial position with an adjusted operating margin of 10.7%.

The special truck manufacturer reported net sales of USD8.28bn and a net income of USD173.9m, which is down from USD461.1m the year prior.

The automotive corporation sold 214,700 large vans in 2022, a 0% change on the year before.

The company reported record production of 68,000 trucks in 2022 and a 17.3% share in the European heavy truck (16t gvw+ ) market with a high number coming from the new Generation DAF XD series.

In 2022, the Chinese bus and coach manufacturer delivered 30,198 units in total, of which 12,414 were electric, plug-in hybrid and fuel cell vehicles.

The owner of DAF, Kenworth and Peterbilt reported revenues of USD28.82bn, earnings of USD3.01bn and a net income of USD921.3m.

Sales of vehicles made by Traton's brands increased by 12.6% from 271,200 units to 305,500 in 2022.

The German group's Turbo division achieved sales revenue of EUR1.56bn and earnings of EUR48m in financial year 2021/22.

A new product range, including new e-trucks, major investments in digitalisation and in automation at its factories as well as investment in renewable energy and reducing its manufacturing carbon footprint, is all making a positive contribution to sales in Brazil and abroad.

Volvo led the semi-heavy and heavy-duty truck class above 15 tons gvw/gcvw with 24,093 units registered, representing a market share of 24.6%.

The Krone Commercial Vehicle Division generated EUR1.7 billion in revenues, an increase of 22.9% compared with the previous year of EUR1.374 billion.