The company announced record 2023 sales figures of USD 10.6 billion, an increase of 4% compared with 2022 figures of USD 10.2 billion. Adjusted EBITA rose by USD 145 million, to USD 845 million in 2023 (2022: USD 700 million). Financially, the company is healthy with an operating cash flow of USD 476 million and a sales backlog of USD 950 million.

The manufacturer has said that "an inheritance dispute" among shareholders and the Van Hool family "has complicated the planned actions"; the implementation of its recovery plan "in a business continuity situation is no longer viable”.

2,300,000 Class A ordinary shares were sold during the underwritten public offering, which closed on 6 March, at a price of USD6.50 per share.

Record sales (526,053 trucks and buses sold) led to record revenue in 2023 (EUR 55.9 billion) and an increase of EUR5bn compared with EUR 50.9 billion in 2022). Adjusted EBIT in 2023 grew by 39% to a record EUR 5,489 million compared with EUR 3.959 million in the previous year.

Mobico’s ‘National Express’ coach service will test the coach during a four-week trial period, when it will operate on a route between Stansted Airport and London.

The aim of the research, which began in 2021, was to overcome “vapour lock”, or the tendency of LPG to change state from liquid to gas while it is still in the fuel delivery system.

According to Motiv, the electric shuttle bus received an overall score of 89.1 out of 100, which it claims is the highest score ever achieved for a medium-duty electric bus tested in a 7 year / 200,000 miles or higher service-life category.

The new model is a battery electric version of the longstanding ‘8900’ range, designed for extended city, intercity, and commuter operations.

The ULE bus offers a gross vehicle weight (GVW) rating of 16t and is powered by Ashok Leyland’s H-series 6-cylinder 4-valve 184 kW (246 hp) rear engine matched with an automatic (Allison) transmission.

Daimler Truck opened a new 22,000 sqm truck and bus all-purpose driveline agnostic servicing and sales centre in Stuttgart (“Mercedes-Benz Commercial Vehicle Center”) for Mercedes-Benz and Fuso trucks as well as Setra and Mercedes-Benz buses. This is its fifth such facility in the past 12 months, and it plans to add three more in Europe in 2025.

The company claims that it has delivered some 1,500 electric buses to date.

With two of an order for five Switch EiV 22 buses for Gujarat delivered, these are the first e-double deck buses to be delivered to Gujarat; others are already in service in Mumbai and Hyderabad.