The company says that, over the last few years, it has implemented an “ambitious strategic roadmap” towards becoming a “leading player” in sustainable and connected mobility.

Vietnam’s commercial vehicle market over 2 tons gvw continued to decline in the fourth quarter of 2023, by over 16% to 14,877 units from already weak year-earlier sales of 17,766 units.

On 2 October 2023, Behr and Hella agreed to sell their respective 50% stakes in the company to AUO for EUR600m.

The Thai commercial vehicle market over 2 tons gvw plunged by 37% to 68,295 units in the fourth-quarter of 2023 from 108,498 units a year earlier.

Voith HySTech GmbH is based at the group’s site in Garching in the state of Bavaria, where hydrogen storage tanks made from carbon composites are currently being made.

The South Korean market for commercial vehicles over 2 tons gvw declined by more than 5% to 59,190 units in the fourth quarter of 2023 from 62,497 units a year earlier.

No further details have been announced, except that the two partners will initially keep between 650 and 950 Van Hool workers in employment.

The company says that customers will have a wide choice of Scania trucks, buses, and coaches to choose from through its 'Scania Go' approved used vehicle programme.

The Philippine market for commercial vehicles over 2 tons gvw declined by 10% to 30,656 units in the fourth quarter of 2023 from 34,131 units in the same period of the previous year, according to analysis of data from various industry sources.

New York Mayor, Eric Adams, announced USD 77 million in federal funding for the New York School Bus Incentive Program (NYSBIP), which provides subsidies to help NY school districts fund the acquisition of 180 new electric school buses.

As part of the agreement Isuzu states it will make a substantial investment in the local Nagoya-based autonomous driving technology company.

Irizar announced that UK transport operator the Go-Ahead Group has ordered 28 ie tram electric buses, which will operate as part of Kent’s “Fastrack service” on its BRT line in November of this year.