Relaunch of the business is now underway with a team of around 150 employees who are focusing on bringing the 16-tonne and 18-tonne battery electric truck models back to the European market.

Amanda Figg is now AAG’s new Chief Technology Officer. Figg is tasked with leveraging data and new technologies to unlock new business opportunities as well as better support AAG’s existing customers.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, continued to deteriorate in the fourth quarter of 2023, with sales falling by more than 14%.

Iveco and Ford Otosan have signed a non-binding Memorandum of Understanding (MOU) to explore the potential co-development of heavy-duty vehicle cabins.

Formed in 1996, Toyota had gradually increased its stake in the JV andcurrently holds 80.5% of the shares and Panasonic the remaining 19.5%.

Iveco announced that it has reached an agreement with German private equity firm, Mutares SE & Co. KGaA, to sell its firefighting vehicle manufacturing unit (Magirus GmbH) for an undisclosed fee, pending regulatory approval.

The Cavan brand was established by a joint venture called Beijing Cavan New Energy Vehicle Company Ltd (Cavan Auto), formed in 2023 with a registered capital of CNY500m (USD290m), in which Foton owns a 65% stake, Bosch Venture Capital 10% and the remainder is split between the other financial institutions.

Using a prototype charger developed together with the e-mobility division of ABB, MAN charged up its ‘eTruck’ with more than 700 kW of power and an electric current of 1,000 amps.

Kalmar, a subsidiary of the company which, among other things, manufactures terminal tractors for container-handling operations, will be spun off as a new company named ‘Kalmar Corporation’.

Milence says the hub will be “strategically located” for heavy-duty hauliers travelling between Paris and key settlements in Normandy, including Le Havre, Caen, Dieppe, and Rouen.

With an increasing focus on battery packs, electric powertrains and battery management systems for electric Commercial Vehicles (CVs), the firm has active plans to expand its customer base amongst global CV manufacturers.

The parent of DAF, Kenworth, and Peterbilt announced record sales revenue of USD35.13bn in 2023, a 22% improvement on its performance in the year before (USD28.82bn).