This builds on the success of its ‘Black Mass’ facility, also in Sikandrabad, Uttar Pradesh, launched in 2022.

The company announced 2024 sales figures of USD 10.3 billion, a decrease of USD 300 million compared to 2023 figures of USD 10.6 billion. Adjusted EBITA rose by USD 40 million, to USD 885 million in 2024 (2023: USD 845 million). Financially, the company is healthy with an operating cash flow of USD 476 million and a sales backlog of USD 650 million.

The tyre comes with key performance assurances such as stone protector ledges that help protect the casing from stone penetration. Five rib tread promotes even wear whilst scrub ground compound helps resist tyre wear/abrasion.

Ijaz’s reappointment coincides with the closing of ONE’s latest funding round, which was led by Crescent Ventures LLC.

TrailerHawk.ai’s technology, billed as a “cargo assurance solution”, is now offered as part of Wabash’s ‘Trailer-as-a-service’ subscription.

Of the two divisions (CVS and RVS), Knorr-Bremse said the Commercial Vehicle Systems (CVS) Division’s revenues were down 13.9% due to unstable geopolitical and market conditions. 2024 revenues came in at EUR 3.84 billion (2023: EUR 4.18 billion). Order intake was down 14.6% at EUR 3.74 billion (2023: EUR 4.21 billion).

The operation in Adana, extends to 2,250 square metres and operates nine assembly lines.

Rådström was appointed to the board on 1 January, joining John O’Leary, president and CEO of Daimler Truck North America; Stefan Kürschner, CFO of Daimler Truck NA; and Peter Vaughan Schmidt, the CEO of Torc.

‘Transporeon Integrated App Program’ (TIAP), described by the company as an “application integration framework”, is intended to ensure interoperability between a carrier’s transport management system and Transporeon’s own data management and sharing platform, eliminating the need for extra work to integrate the two.

Ali Javidan, who has stepped down as CEO, will remain with the company as president and Chief Technology Officer.

Hankook has published its 2024 financials with consolidated global sales of EUR 6,380.7 million, compared to EUR 6,329.5 million in 2023. Operating profit increased by 5.3 percent to EUR 1,194.6 million (2023: EUR 940.1 million) in 2024.

The round was led by America venture capital firm, Ecosystem Integrity Fund (EIF) of Sacramento, California, with participation from Blume Ventures of Mumbai, India and British International Investment Plc of London, UK (BII).