The grant money depends on the powertrain or fuel type of the vehicle and the number of vehicles that the applicant wants to purchase, with the maximum amount on offer to any one company capped at EUR 500,000.

Temsa SA of Adana began selling the truck in June - sourced as completely built-up units from MFTBC’s assembly plant in Tramagal, Portugal.

The market for commercial vehicles over 2 tons gvw in the Philippines expanded by more than 5% to 27,959 units in the first quarter of 2024 after a slight decline to 26,597 units in the same period of last year.

The market for commercial vehicles over 2 tons gvw in Vietnam declined by almost 6% to 11,105 units in the first quarter of 2024

CEO David Lorenz will be hoping that this rebranding will catapult the business into profitability as the company prepares to re-start conversions (repowering) at its Silverstone facility.

Trailer and Semi-trailer market up 6.3%, while Body on Chassis segment down 6.1%.

The Chilean market faced another month of declining sales in May compared with 2023, as reported by the National Automotive Association of Chile (ANAC).

Year-to-date, truck sales have increased by 4.8%, with a total of 46,785 units sold compared to 44,663 units sold from January to May 2023.

HVS announced a new deal to supply 30 fuel cell HGVs to UK logistics company, Explore Plant & Transport Solutions. Furthermore, the agreement encompasses a maintenance, servicing and driver training (safe use of hydrogen) contract.

Honda is seeking new business collaborations to help it expand into the hydrogen power sector, as part of its global target of achieving “zero environmental impact” for all products and corporate activities by 2050.

The Indonesian market for commercial vehicles over 2 tons gvw plunged by 42% to 27,187 in the first quarter of 2024 from strong year-earlier volumes.

The Malaysian commercial vehicle market over 2 tons gvw declined by 16% to 17,189 units in the first quarter of 2024 from strong year-earlier sales of 20,484 units.