Plan approved to establish eight new overseas subsidiaries

Truck-maker to also open new service centre in Gyeonggi Province.

Nearby was Paccar’s aftermarket brand, TRP (Truck & Trailer Parts), based in  Haddenham, which offers parts and consumables across multiple truck and trailer brands.

The company commemorated the establishment of its heavy truck factory – now also its headquarters – in 1955, since which date it has built more than 1.25 million trucks and 2 million cabs.

New Phoenix multi-fuel “super” truck range launched

Vietnam’s market for commercial vehicles over 2 tons gvw surged by over 37% to 15,252 units in the first quarter of 2025.

The Thai commercial vehicle market over 2 tons gvw continued to decline in the first quarter of 2025.

“Iveco has doubled its market share in the UK over the last five years,” Cutts opens. “Last year, we finished just shy of 5%. That was a tactical decision to grow our vehicle park and volume, re-establishing ourselves as a serious player.”

The first trucks are scheduled to roll off the production line at the former MAN plant in Austria by the end of the year.

The South Korean market for commercial vehicles over 2 tons gvw declined by 13% to 41,648 units in the first quarter of 2025 from 47,744 units in the same period last year.

New system to be available in CVs from 2026.

Volvo will use the money awarded by the EU’s innovation fund to slash carbon emissions from its manufacturing processes at Skövde by as much as 88%.