The trailer manufacturing business of the Cartwright Group is unlikely to reappear from administration with debts exceeding GBP50m.

The trailer and truck body builder and components supplier achieved net profits of BRA116m and net revenue of BRA1.5bn.

Scania’s president, Christopher Podgorski, made these statements during the AutoData Perspectives 2021 Congress, held in a virtual environment by AutoData Editora in late October.

An interview in November 2020 with Karl Deppen, president of Mercedes-Benz do Brasil and CEO for Latin America with T&BB’s South American correspondent, Jose Secco, shared some important details about the Brazilian market as well as providing an outlook for CV demand over the coming years.

Marcopolo recorded net revenue of BRA836.5m in the third quarter of 2020, which was a reduction of 22.6% compared with BRA957m in the same period in 2019.

Iveco Latin America in 2020 reported truck sales of 5,064 units, and an increase of some 30.2% on 3,535 units in the previous year.

The FH 540 truck, produced by Volvo do Brasil Veículos Ltda at its manufacturing complex in São José dos Pinhais, sold 5,870 units between January and December 2020 making it the best-selling truck model in Brazil, according to data from dealer association, Fenabrave.

Heavy-duty axle and drive systems supplier, Meritor Inc, has reported revenues of USD3.0bn for fiscal year ending September 30, 2020, down USD1.3bn or approximately 31 per cent on the previous fiscal year of USD4.388bn.

Covid-19 hits sales at Hyundai as registrations fall by 27,000 units.

Spartan Motors Inc has changed its corporate name to The Shyft Group Inc following the divestiture of its Emergency Response business to the REV Group of Wisconsin.

“Provided there is no surge in the number of new {coronavirus} infections and the associated countermeasures adopted by the countries; we are assuming a gradual recovery in our business activity in the second half of 2020.

Commercial Vehicle Group Inc, a supplier of seating systems, electro-mechanical assemblies, engineered material products for the CV industry, has announced it is consolidating its manufacturing and distribution operations, which will see the closure of its 150,000 square foot facility in Piedmont; this action is in line with the company's cost reduction plan previously announced in mid-May 2020.