Following the sale of UD Trucks to Isuzu Motors, the Board of Directors at AB Volvo has proposed the proceeds from the sale be distributed to its shareholders, at SEK9.50 per share.

Isuzu is targeting consolidated net sales of JPY2,750bn for the financial year ending in March 2024, while consolidated operating income is forecast at JPY250bn and return on investment (ROI) of 12.5%.

Announcing a substantial increase in truck sales in Chile during the first quarter of 2021 of 45.8% to register 344 units (236), Scania Chile SA, headquartered in Santiago de Chile, said this performance had further consolidated its market position of second in the country.

Bus and coach body builder, Metalsur Carrocerias SA has reported record sales growth of 321.8% for 2020 with registrations of 232 bus and coach bodies compared with just 55 units in 2019.

Volkswagen Caminhões e Ônibus exported 180 units to Uruguay in the first quarter this year, some 291.3% higher than in the same period of 2020. In March it sold 100 vehicles, which VWCO suggests was the largest volume it has ever sold in a single month.

The commercial vehicle arm of Daimler AG, Daimler Truck AG of Stuttgart, reported truck and bus sales in 2020 of 378,500 units, which was around one-third below the volume sold in 2019 of 521,100 vehicles.

The world’s largest bus builder, Zhengzhou Yutong Bus Co Ltd announced total deliveries (sales) of 41,756 Yutong buses to customers worldwide in 2020, which was considerably lower than the 58,688 units sold in 2019.

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.