The axle and brake manufacturer achieved sales of EUR1.247bn in 2021, with improved performance across the globe.

According to IHS Markit, Volvo Trucks achieved a 42% share of the electric truck market in Europe, with 145 vehicles under the Volvo brand having been registered in 2021.

Nikola reported net losses of USD159m in Q4 2021 and USD690m for FY 2021.

The order for 100 units of the VMC 1200 range is worth CAD12m and is set to be fulfilled beginning in Q2 2022.

Viritech is designing a heavy goods vehicle concept nicknamed 'the Jovian' at the MIRA Technology Park in the UK which will use a composite construction and patented hydrogen tanks.

Alexander Dennis Ltd, headquartered in Larbert, Scotland, and BYD Auto Co Ltd, based in Shenzhen China, have announced that they are to build 130 double deck Enviro400EVs, ready to enter service in Coventry, UK, in 2023.

Traxen claims that its smart-adaptive cruise control for Class 8 trucks can reduce annual fuel consumption by 10%.

Up to 114 Xcelsior CHARGE and CHARGE NG electric buses have been ordered by public transport operators based in New Jersey, Colorado, and Rhode Island.

220 BAE-powered Xcelsior hybrid buses will be delivered to Southeastern Pennsylvania Transportation Authority, with options to purchase up to 120 more.

Hyliion Holdings Corp, an e-powertrain provider for Class 8 trucks based in Austin, Texas, has announced that Jeffrey “Jay” Craig will join its board of directors.

The order for 11 units of the FM Electric, which are to be employed as concrete mixing transport trucks, is the largest the company has received so far for electric trucks in Denmark.

BorgWarner Inc, based in Auburn Hills, Michigan, USA, has announced the completion of its previously announced takeover of German battery manufacturer AKASOL AG, headquartered in Darmstadt.