Claudio Passerini succeeds Domenico Nucera, who transitioned to the newly created role of Chief Quality & Operations Officer at Iveco Group.

The light and medium truck segment, up to 10.5 tons gvw bucked the trend by increasing 6.2%.

Trucks sales in 2024 fell by 3.5%, whereas bus and coach sales declined steeply by 32.8%.

Truck sales at 15,308 units in 2024 was the second highest in the ten last years.

Truck market down by 2.5%, while van, bus and coach sales slip 9.3%.

The contract stipulates a firm order for eighty 45-foot ‘D45 CRT’ commuter coaches, with additional unspecified options.

New facility to supply battery packs for Tata Daewoo Mobility.

The order was placed in honour of Prevost’s one-hundredth anniversary which it celebrated in 2024.

The market for commercial vehicles over 2 tons gvw in Vietnam continued to recover in the third quarter of 2024, with sales growing by 21%.

Sales of commercial vehicles over 2 tons gvw in Thailand continued to plunge in the third quarter of 2024, by 45% to 45,111 units.

The commercial vehicle market over 2 tons gvw continued to decline sharply in the third quarter of 2024, by almost 19% to 43,267 units from an already weak 53,150 sales a year earlier.

The market for commercial vehicles over 2 tons gvw declined by over 17% to 16,517 units in the third quarter of 2024 from strong year-earlier sales of 19,966 units.