Schwarzmüller cited increasing materials and energy costs, and “an unsteady market environment”, as factors which contributed to the lower sales figures in 2023.

The Volvo FH 540 heavy truck ended 2023 repeating the same feat of the previous five years.

DAF Caminhões do Brasil Ltda of Ponta Grossa, Paraná State was the only truck brand to increase its sales in the Brazilian market in 2023!

The electric vehicle manufacturer also reported USD58.5m in working capital and incoming revenues of over USD12m from recent vehicle deliveries.

Valued at GBP 9 billion just three years ago, it has been a tumultuous time for the OEM, whose shares were delisted from the Nasdaq stock market on January 30, 2024, due to non-compliance. With 400 jobs at risk, the business will now look to sell off any and every asset it can, in order to pay back its creditors.

Arrival confirmed that it had received a stock trading suspension notice from the Nasdaq Stock Market LLC on January 26. The news sent the company’s share price down 15% on Monday the 29th of January with trading completely suspended on January 30, 2024.

Voith said in its financial report that the Turbo division crossed the EUR2bn threshold in orders received for the first time in its history.

At the annual media event in December last year, members of the UK press gathered in Oxford for the State of the Nation address from DAF Trucks UK senior management.

Accountancy firm Price Bailey reported on 1 December that, between 30 September 2022 & 2023, a record number of British haulage businesses went bust, more than double the amount from two years ago.

The German trailer manufacturer's earnings before interest and taxes (EBIT) were positive, standing at EUR108.5m – whereas the company reported a loss of EUR15m the year before.

A Reuters report yesterday announced that the Swedish-based electric vehicle startup has decided to file for bankruptcy in its home country.

In May 2023, Sono Motors announced that it had filed for a protective shield proceeding with the Munich Local Court when the business became insolvent.