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Business News

Performance

Israel

|

Performance

REE Automotive releases Q4 2021 results

By Bradley Osborne – 18th April 2022

The Israeli designer of zero-emission commercial vehicle concepts made a net loss of USD 46.7m, compared to a USD10.7m loss in the same period of 2020.

Germany

|

Performance

ZF reports record sales of EUR38bn in 2021

By Bradley Osborne – 12th April 2022

Sales revenues for the group increased by 17.5% over 2020, while reported earnings were EUR1.9bn, a 9% margin.

Austria

|

Performance

Schwarzmüller announce record sales of EUR409m in 2021

By Bradley Osborne – 11th April 2022

The Austrian manufacturer also increased production of trailers by 12% compared to 2020.

Sweden

|

Performance

Scania reports 17% growth in sales in 2021

By Bradley Osborne – 10th April 2022

The Swedish subsidiary of the Traton Group announced sales of SEK146m in 2021 and a 26% increase in order intake over the year before.

Canada

|

Performance

Westport Fuel Systems report 24% revenue growth in 2021

By Bradley Osborne – 10th April 2022

The gas engine manufacturer achieved revenues of USD312.4m and a net income of USD13.7m.

Germany

|

Electric Drive

|

Investment

Traton to increase R&D spending in e-mobility to EUR2.6bn

By Bradley Osborne – 9th April 2022

Group spending in research and development into electric vehicles will increase to EUR2.6bn between now and 2026, adjusting its original budget of EUR1.6bn to 2025.

Germany

|

Performance

Traton’s revenues grow by more than a third in 2021

By Bradley Osborne – 9th April 2022

Sales revenues grew to EUR30.6bn, while the group's adjusted operating income was EUR1.6bn, a 5.2% return on sales.

Germany

|

Performance

Quantron’s retrofit business thriving, according to 2021 sales report

By Bradley Osborne – 8th April 2022

Quantron's revenues increased by 500% over the year before to EUR10m.

Canada

|

Performance

NFI announces slight fall in revenues in 2021 results

By Bradley Osborne – 7th April 2022

The bus and coach group reported revenues of USD2.3bn for the entire year, a 3% decrease on the year before.

USA

|

Performance

Record year for Shyft Group with sales revenues rising 46.7% to almost USD1bn

By Bradley Osborne – 1st April 2022

The specialty chassis and truck body manufacturer achieved sales of USD991.8m in 2021 and USD227.3m in Q4.

USA

|

Performance

Goodyear reports 42% increase in annual sales due to Cooper acquisition

By Will Hall – 29th March 2022

Akron, Ohio-based Goodyear Tire & Rubber Co has announced its financial results for 2021. The firm reported net sales of USD17.5 billion, a 42% increase from the 2020 period, primarily due to its acquisition of Cooper Tire & Rubber Company, based in Findlay, Ohio.

Spain

|

Performance

Hispacold expands rails business as bus and coach business remains stable thanks to expanded customer base

By Will Hall – 26th March 2022

Internacional Hispacold SA (Hispacold), a subsidiary of Irizar Group SC headquartered in Seville, Spain, reported turnover increased by 28.6% to EUR46.3 million in 2021, up from EUR36 million a year earlier, which was mostly supported by growth in the rail segment of the business, but also from the e-bus segment.

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