This move came as the company struggled with debts exceeding USD 35 million, prompting them to seek assistance in managing their financial challenges​. The company currently has manufacturing plants in Queensland and South Australia, producing diesel, hybrid and zero-emission buses.

Since 2022, EVM UK Ltd has sold 80 units of the Grand Toro midi buses. The distributor also sells the Visigo coach, Kendo CNG coach and the all-electric Novo Citi Volt midibus.

Now, in an attempt to plug the hole in the budget sheet by producing more buses and therefore fulfilling orders, the company is re-introducing the use of contract manufacturing through assembly partners in China to aid the main factory in Deurne.

The company has now built a pavilion named the “Actros 600 Experience World” in Wörth, where customers, clients and the general public can learn about the vehicle as well as the company’s history. Daimler is attempting to educate the public on the need for electrification as it rolls out its zero-emission product range.

Between 12-13 June, Schmitz Cargobull AG hosted members of the press at its trailer factory in Vreden, located just on the border with the Netherlands. The ostensible reason for our visit was to receive a sneak preview of the company’s newest transport refrigeration product, which will be unveiled at the next IAA Transportation in Hanover: in fact, we learned much more about the company’s plans to expand and modernise its trailer factory, where it produces the ‘S.KO’ refrigerated models and the ‘S.BO’ dry freight range.

Among the most requested modifications in 2023 were to the light VW Delivery 4x4 truck model, and the Volksbus bus chassis.

ZF India is implementing its 2021 REFRESH INDIA strategy, which focuses on offering next generation mobility solutions through the combination of the   ZF technologies, as well as new emerging ACE technologies - Autonomous, Connected and Electrification.

Tata Daewoo has resumed exports to Algeria under the Daewoo brand after the country’s Ministry of Trade began easing restrictions on vehicle imports last year.

The company announced its full-year financial results for 2023, which included a net loss of USD 54.2m (2022: USD110.1m) and a net revenue of USD 22.1m in 2023, an increase of 147% from USD 8.9m in 2022. The increase was primarily due to an increase in vehicle sales and spare parts sales, including the delivery of 250 autonomous delivery vans in China.

BorgWarner’s full-year financial year results included net sales of USD14.1bn, an increase of 12.4% when compared with 2022 (USD12.6bn). Gross profit was up too in 2023 at USD2.5bn (2022: USD2.3bn) with operating income of USD1.1bn, or 8.2% of net sales.

The 2023 strategic highlights include the second-generation stack design, offering performance improvements. Furthermore, a megawatt electrolyser demonstrator completed testing in Germany and has arrived at partner Shell’s R&D centre in Bangalore, India for further testing.

The “Isuzu Transformation IX – Growth to 2030” mid-term business plan released in April is designed to transform the truck-maker into a commercial mobility solutions company by 2030 “to address challenges faced by customers and society through transport”.