The Indonesian market for commercial vehicles over 2 tons gvw continued to decline sharply in the fourth quarter of 2023, by 29% to 34,552 units from 48,636 units a year earlier.

Mannok is set to trial Hydrogen Vehicle Systems, Hydrogen Fuel Cell HGVs in Q4 2025. After the trials, Mannok will assess the performance of the vehicles and explore the potential eligibility to be integrated into its fleet. Furthermore, the trial encompasses refuelling infrastructure, finance options, government incentives and warranty coverage.

Multinational tech company Nvidia has announced it is supplying its next-generation automotive computer architecture – boasting a processing power of up to 2,000 teraflops – to multiple OEMs and developers of autonomous driving technologies, including Plus and Waabi.

The manufacturer has said that its Model 579, 567, and 520 truck ranges may now be specified with the new Cummins engine, with start of production scheduled for the third quarter of this year.

The commercial vehicle market over 2 tons gvw expanded by 12% to 91,830 units in the fourth quarter of 2023 boosting annual sales overall.

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.