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).

The manufacturer is now offering a 6x4 tandem bogie axle configuration, meaning that customers can have an electric truck fitted with a tipper body or construction equipment such as hook lifts or concrete mixers.

Of the two divisions (CVS and RVS), Knorr-Bremse said the Commercial Vehicle Systems (CVS) Division profited from strong positive market developments resulting in an 11.5% increase in revenue to EUR 4,180.2 million (2022: EUR 3,750.0 million). Order intake was up 6.5% at EUR 4,212.2 million (2022: EUR 3,954.3 million).

The new Canter comes with a wide range of advanced safety features, including ASA, ABA5, TSR, IHC and optional AAA - read on to get to grips with these acronyms.

The “Legendary Package” is a special version of the Class 8 Model 589 range with retro styling and vintage Peterbilt branding inside and out.

The company announced record 2023 sales figures of USD 10.6 billion, an increase of 4% compared with 2022 figures of USD 10.2 billion. Adjusted EBITA rose by USD 145 million, to USD 845 million in 2023 (2022: USD 700 million). Financially, the company is healthy with an operating cash flow of USD 476 million and a sales backlog of USD 950 million.

Steven Miller replaces Brett Icahn as Icahn Capital Board Designee. Miller is a portfolio manager at Icahn Capital L.P. a subsidiary of Icahn Enterprises L.P. The board will continue to be composed of 10 directors, nine of whom are independent.

Okray joins the company from Eaton, where he served as Executive Vice President and CFO.

Indomobil is the Indonesian assembly and distribution partner for several overseas vehicle brands, as well as commercial vehicle companies such as Hino, Renault Trucks and Volvo Trucks.