This is the key take away from conversations at the IAA Transportation and following a round table discussion with Prof. Dr. Peter Laier, Member of the Board of ZF Group.

The Thai market for commercial vehicles over 2 tons gvw is estimated to have plunged by a further 22% year-on-year to 50,516 units in the second quarter of 2024, having fallen by close to 37% to 64,567 units in the same period of last year.

The Indonesian market for commercial vehicles over 2 tons gvw continued to weaken in the second quarter of 2024, by 13% to 31,745 units from strong year-earlier sales of 36,474 units.

Vietnam’s market for commercial vehicles over 2 tons gvw began to recover in the second quarter of 2024 after almost two years of sharp decline.

The culminating event of the company’s centenary celebrations was held in Sainte-Claire, the town where Eugène Prévost, founder of the company, was born in 1898.

South Korea’s commercial vehicle market over 2 tons gvw continued to decline in the second quarter of 2024, by over 12% to 53,662 units from 61,318 units in the same period of last year.

The Philippine market for commercial vehicles over 2 tons gvw continued to grow in the second quarter of 2024, by just over 4% to 29,273 units from 28,094 units a year earlier.

Japan’s commercial vehicle market over 2 tons gvw continued to decline in the second quarter of 2024, by over 6% to 81,114 units from 86,752 units a year earlier.

Sales for commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, continued to decline in the second quarter of 2024.

The agreement, which was signed at the end of July, is aimed at expanding its business within China’s electric drive axle market.

The ’CoacH2’ project, worth GBP1.2m and including partners such as Translink and Queen’s University Belfast, aims to produce an electric vehicle which can meet the demands of coach operation, including heavy payloads and long-distance routes.

Generative AI is a type of artificial intelligence used to create entirely new solutions within a specific field.