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 company has invested capital into doubling its windscreen manufacturing capacity from 35,000 to 70,000 by the end of 2027. In September, it commissioned a new ScreenMax bending furnace from Glaston Oyj and plans to add new glass cutting tooling and lamination equipment over the next two years.

By diversifying funding sources and extending debt maturities to 2.5–3 years, the refinancing deal enhances Grammer’s liquidity and provides confidence to execute its strategic roadmap by investing in product innovation and cost optimisation.

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.

The T9 is targeted at the high end of the pickup segment and features high specification levels, including advanced driver assistance systems.

Housing over 80,000 different parts, this new distribution centre will help Paccar provide better service to its local dealer network by reducing shipment times thus reducing vehicle downtime.

The company has established a new Power Solutions Department in Europe under its Paccar Parts Division to support its customers in transitioning from traditional diesel ICE trucks to electric trucks.

The UK’s annual CV Show takes place over three days from April 29 to May 1, 2025 at the NEC in Birmingham.

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.

Allison has invested an undisclosed sum in Agtonomy, a California-based company specialising in AI-driven software and services that enable industrial machinery and vehicles to operate autonomously.

Gustavo Marqueta-Siibert told T&BB that the British minibus market is doing “great”; together with its sister company Treka, Mellor has sold approximately 650 units in 2024 alone.

T&BB will be sure to keep you updated on the latest HVS news moving into 2025 but the recent departure of Ian Palmer (Managing Director) certainly doesn’t fill us with confidence moving into the year ahead.