The company announced record 2023 sales figures of USD 10.6 billion, an increase of 4% compared with 2022 figures of USD 10.2 billion. Adjusted EBITA rose by USD 145 million, to USD 845 million in 2023 (2022: USD 700 million). Financially, the company is healthy with an operating cash flow of USD 476 million and a sales backlog of USD 950 million.

Steven Miller replaces Brett Icahn as Icahn Capital Board Designee. Miller is a portfolio manager at Icahn Capital L.P. a subsidiary of Icahn Enterprises L.P. The board will continue to be composed of 10 directors, nine of whom are independent.

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.

New energy commercial vehicles (NECVs), comprising mainly hydrogen, electric and plug-in hybrid vehicles, increased by 32% to 447,000 units.

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

The ULE bus offers a gross vehicle weight (GVW) rating of 16t and is powered by Ashok Leyland’s H-series 6-cylinder 4-valve 184 kW (246 hp) rear engine matched with an automatic (Allison) transmission.

Daimler Truck opened a new 22,000 sqm truck and bus all-purpose driveline agnostic servicing and sales centre in Stuttgart (“Mercedes-Benz Commercial Vehicle Center”) for Mercedes-Benz and Fuso trucks as well as Setra and Mercedes-Benz buses. This is its fifth such facility in the past 12 months, and it plans to add three more in Europe in 2025.

The company claims that it has delivered some 1,500 electric buses to date.

With two of an order for five Switch EiV 22 buses for Gujarat delivered, these are the first e-double deck buses to be delivered to Gujarat; others are already in service in Mumbai and Hyderabad.

The company is set to supply 140 electric charging stations to Nobina, Scandinavia’s largest public transport operator, for use at four electric bus depots across Stockholm, Sweden. The chargers are to be installed by the end of 2024 and in operation by Q1 2025. This signifies Ekoenergetyka’s continued growth in the Nordic markets.

Iveco announced a positive set of financial results for the 2023 year, including EUR 16 billion in consolidated revenues (up 13% from 2022), an adjusted EBITA of EUR 940 million (up EUR 413 million compared to 2022) and an adjusted net income of EUR 352 million (up EUR 127 million from 2022 figures).

Kempower expects to offer boosted charging performance with its next-generation DC fast charging technology. Series production is set for late Q1 2024 in the Lahti plant in Finland and Q2 2024 in the North Carolina factory in the USA.