Excluding the contribution from the recently-acquired Meritor, Cummins made USD26.2bn, a 9% improvement on the year before (USD24bn).

Total net sales came to USD2,769 million, up 15% from USD2,402 million in 2021

Sales and operating profit increased YoY by 17.5 percent and 9.9 percent, respectively, thanks to increased demand for large-diameter tyres.

Major investment in the region starting to deliver results, says Iveco.

The German retrofit firm reported an annual turnover of approximately EUR13m, a 25% year-on-year increase.

The truck-trailer components manufacturer reported a revenue increase of approximately 25% over the previous year.

The CV corporation saw net sales of SEK473.5bn in 2022 from SEK372.2bn in 2021. CEO and President, Martin Lundstedt, stated that Volvo ended 2022 in a good financial position with an adjusted operating margin of 10.7%.

The special truck manufacturer reported net sales of USD8.28bn and a net income of USD173.9m, which is down from USD461.1m the year prior.

The automotive corporation sold 214,700 large vans in 2022, a 0% change on the year before.

The company reported record production of 68,000 trucks in 2022 and a 17.3% share in the European heavy truck (16t gvw+ ) market with a high number coming from the new Generation DAF XD series.

The owner of DAF, Kenworth and Peterbilt reported revenues of USD28.82bn, earnings of USD3.01bn and a net income of USD921.3m.

Sales of vehicles made by Traton's brands increased by 12.6% from 271,200 units to 305,500 in 2022.