The bus manufacturer was bought for USD52m by Rivaz Inc shortly after its former owner, REV Group, announced that it would terminate operations after fulfilling outstanding commitments to its customers.

Decreased sales in 2024, with 460,409 trucks and buses sold compared to a record 526,053 in 2023, a 12% decrease. Revenues were down EUR 1.2 billion in 2024 posting EUR 54.1 billion (2023: EUR 55.9 billion). Adjusted Group EBIT in 2024 declined by 14.97% to EUR 4,667 million compared with EUR 5,489 million in the previous year.

The move gives M&M a larger share of the CV market above 3.5 tons with multiple synergies for growth.

Gerber replaces Carlos Ribeiro, who is now responsible VFS’s operations in the United Kingdom and Ireland.

What a difference a year can make! A year ago, Truck & Bus Builder attended the “E-Bus Test” in the German city of Bonn, organised yearly by the German magazine Omnibus Spiegel. It is a fantastic opportunity for European journalists to ride on and test drive the latest electric buses, some of which have yet to launch in the market. In this regard, the 2025 edition of the e-bus test was no different. However, the outlook for the electric bus market in Europe is less certain now than it was even just twelve months ago. A representative of Stadtwerke Bonn, the operator of Bonn’s urban transport system which hosted the e-bus test at its depot, told attendees at the event that it is no longer looking for incentives to purchase electric buses from the European Union. Those dried up a while ago, and the city of Dortmund – to give just one example – has gone back to purchasing diesel buses. There is not a great deal of hope either that the new government in Germany will announce further support for electric buses and charging infrastructure.

The Aldergrove Star reports that FTI Consulting, which was appointed as the company’s receiver and manager last year, decided against selling the assets en masse, following ten responses to a public invitation for purchase offers.

According to data from Andemos (National Association for Sustainable Mobility) of Bogotá, 5,726 units were sold, compared with 4,642 in the first quarter of 2024.

Marcopolo launched several new models in 2024 including Volare Fly 12 work commuter bus, Volare Attack Hybrid on an Agrale chassis, and started delivery of the Attivi e-bus built on its own e-chassis.

5,500 units were sold, an increase of 27.9% over the 4,300 in the same period in 2024, according to AAP.

5,457 units were registered in Q1 of 2025 compared with 2,491 in the same period of 2024, according to data from SIOMMA and ACARA of Buenos Aires.

3,661 CV units were registered in January to March 2025 as compared with 3,306 vehicles in the same period in 2024.

The company was unprepared for the financial disruptions caused by the COVID-19 pandemic and didn’t receive the necessary financial support from the government.