Vietnam's CV market dips but relatively stable.

The company said it ended the year with liquidity of USD154m, which it believes will be enough to kickstart production of its ‘P7’ modular electric vehicle platform later this year.

The focus of the two companies is to focus initially in the smaller buses, i.e. 28 to 30 foot transit bus segment.

Borgwarner names senior executives, Brady Ericson and Chris Gropp to lead new entity.

South Korean CV market remains dominated by small trucks 5 tons and below.

Challenges cited by the company included parts shortages, inflation, and other costs associated with starting up production at the new battery plant in South Carolina.

On 9 March 2023, the Westminster Energy, Environment & Transport Forum hosted a conference, bringing together policymakers and private stakeholders, as well as representatives from local government, to discuss the UK’s progress towards the 2030 ban of petrol and diesel cars and vans. In this T&BB report, Bradley Osborne presents the salient points which arose from the discussion.

Malaysian market for CVs (up 40%) heavily dependent on strong pickup sales (up 42%).

The development of the Grand Executive and the Grand Shuttle represents a joint effort by Marcopolo’s engineering teams in Brazil and Mexico.

Volvo Buses plans to wrap up its operations in Wrocław by the end of the first quarter of 2024, affecting 1,600 jobs.

Japan's CV market sector loses 55,000 units in a year.

The Volvo subsidiary announced an order for five 40-foot electric buses from the Washington Metropolitan Area Transit Authority, the public transport agency which serves the District of Columbia and surrounding parts of Maryland and Virginia in the USA.