On 17 February, the German group stated that, due to the “high level of investment required” to expand its EV portfolio, it is considering whether the commercial vehicle business would perform better in “a different environment”.

“Despite substantial investments, including GBP 25 million in UK government grants, the vision of vehicle manufacturing has failed,” the British startup said in a press release announcing its change of strategy.

Since November of last year, Scania has sent employees to the ‘Ett’ plant at Skellefteå in northern Sweden to assist with the ramp-up of cell production, according to a Reuters report.

The French manufacturer says it will reorganise itself into four business groups: Exterior & Lighting; Modules; C-Power; and H2-Power.

Stohner, who is managing director of Alvarez and Marsal, known for its turnaround and performance improvement work, took up the role of Chief Restructuring Officer on 15 January following “weeks” of discussions with Webasto.

Renault Truck Commercials Ltd will now operate as two distinct regions: West England & South Wales; and Greater London & South East England.

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.

The Tata Daewoo company was founded in 1995 as Daewoo Commercial Vehicle Company Ltd and was acquired by India’s Tata Motors Ltd in 2004.

Mahle also announced that it will be taking 100% control of ‘Mahle Behr GmbH & Co KG’, a 75%-owned subsidiary specialising in air conditioning and engine cooling.

The German company said it has taken the decision due to “intense cost and price pressures” from growing Asian competition.

As far as its coach products are concerned, it is “business as usual” for Belgian manufacturer Van Hool, according to Darren Dowsett, who spoke to T&BB in his capacity as managing director of VDL Bus & Coach UK at the Euro Bus Expo.

Established last year, ‘Our Next Energy Korea Ltd’ was based out of an office in Hwaseong and employed less than ten people.