Cummins Inc, based in Columbus, Indiana, has released its Q4 2021 and full-year financial results. Overall, the year saw total revenues grow by 21% from the same figure in 2020, for a total of USD24 billion. Sales from North America grew by 17% whereas international revenues grew by 27%.

According to IHS Markit, Volvo Trucks achieved a 42% share of the electric truck market in Europe, with 145 vehicles under the Volvo brand having been registered in 2021.

The axle and brake manufacturer achieved sales of EUR1.247bn in 2021, with improved performance across the globe.

Nikola reported net losses of USD159m in Q4 2021 and USD690m for FY 2021.

The Turkish commercial vehicle manufacturer achieved revenues of TRY4.5bn and net operating profits of TRY1.76bn.

The UK subsidiary of the Italian commercial vehicle manufacturer gave an update on the performance of the S-Way and Daily, while the SMMT discussed the effects of component shortages on vehicle production.

The components manufacturer reported sales of USD984m and a net income of USD54m in the three-month period which ended 31 December 2021.

The Swedish commercial vehicle manufacturer reported sales of SEK372.2bn and adjusted operating income of SEK41bn for 2021.

The truck manufacturer recorded revnues of USD23.52bn and net income of USD1.9bn for the year.

The specialty truck manufacturer reported a net income of USD6.2m and sales of USD1.79bn in the final months of 2021.

Unit sales increased to 271,600, while incoming orders increased by 66% to 360,000.

Yutong produced 42,065 buses and sold 41,828, a solid performance bucking the general trend of contraction in the bus market both in China and abroad.