The company announced it will be implementing job cuts this year as part of this restructuring plan. This will mean reducing its workforce by approximately 16.5%, equating to 102 full-time equivalent positions.

The Hyzon Board of Directors announced that they have unanimously approved a plan to dissolve the company and liquidate its assets, pending shareholder and regulatory approval. A mandatory disclosure has been submitted to the US Securities and Exchange Commission (SEC).

In late December 2024, Lion Electric obtained creditor protection under the Companies' Creditors Arrangement Act (CCAA) in Canada and filed for Chapter 15 bankruptcy in the United States.

On December 23, 2024, the company issued a “Worker Adjustment and Retraining Notification (WARN) Act” which notified employees at its Bolingbrook, Illinois, and Troy, Michigan, facilities, of potential layoffs. These notices initiate a 60-day period before workforce reductions take effect, with layoffs expected to be completed by February 2025 if the company cannot secure additional funding.

T&BB spoke with Andrew Blundell, Managing Director at Irizar UK and Julie Hartley, Sales Director of Irizar UK who told us that the company is moving forward with plans to establish a new head office near Blyth, in Nottinghamshire.

Marcopolo international operations abroad deliver 2,262 units, a volume increase of 9.6% than in 2022.

The company will also consolidate its shares, merging five existing shares into one. Essentially the number of shares outstanding changes from 73,088,382 to 14,617,676. This consolidation aims to stabilise the stock price and improve trading liquidity.

In the last five years, Frasle says revenues associated with the sale of Controil extruded hoses, injected ducts and rubber components, such as bumpers, cushions and sealing items, have tripled.

Announcing an order for another 100 electric bus chassis for the city São Paulo Mercedes-Benz do is expected to see e-bus deliveries rise to over 200 in 2024 (50 units in 2023).

In the first nine months of the year, Fenabrave reported a total of 369 electric trucks (all brands) were registered in Brazil.

Scania has had a presence in Thailand since 1986 and has been represented both by private distributor and as part of the joint Scania-owned South East Asia Business Unit.

In an attempt to plug the hole in the budget sheet by producing more buses and therefore fulfilling orders, the company revealed plans to raise up to EUR 36 million through a rights issue, allowing existing shareholders to purchase additional shares. This capital injection is part of Ebusco's broader turnaround plan, designed to improve its financial performance and operational reliability.