The partnership is to focus on creating traction motors, controllers, vehicle control units, and battery management systems.

The company announced its 2024 financial report, with record full-year sales of USD 3.2 billion (2023: USD 3 billion), which increased the Earnings Per Share (EPS) to a record USD 8.31, up 12 percent from 2023. 2024 net income was USD 731 million, compared with 2023 figures of USD 673 million.

Latest system is more durable and fuel-efficient, and cheaper

The bus is equipped with the Allison T280 transmission from Allisons' Torqmatic Series* of transmissions.

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.