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.

Plus says that on-road testing of Traton trucks installed with its ‘SuperDrive’ Level 4 autonomous driving technology has already begun in the USA and Sweden.

Eatron says that its battery management software is “AI-powered”; in other words, it employs algorithms based on physical models to assess the battery’s health and performance.

‘T/T Pair’ is a 7-way socket which is designed to replace Phillips’ ‘QCS2’ socket for hooking up a semi-trailer to a tractor unit.

BorgWarner has announced that it will use FinDreams Battery pack design and cells to manufacture lithium iron phosphate (LFP) battery packs for the European, North American and Asian Pacific Commercial Vehicle (CV) markets.

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.

Certification requires the necessary aftermarket services including maintenance and repairs, expert consulting services and replacement parts distribution. Furthermore, the centres require charging infrastructure with dedicated BEV serving bays as well as staff upskilling to meet the requirements of BEV fleet maintenance. This enhances DTNA’s aftermarket services across North America. 

Hankook is to supply its AH37 and DL11 medium and long-distance tyres for fitting on Hino’s L-series trucks produced at Hino Motors Canada Ltd in Woodstock, Ontario, Canada, which are sold across North America market.

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