New EUR 2 billion facility to drive Asia growth, improve tech access

The new owner of Magirus, Mutares SE & Co KGaA, has ambitious plans for the company: by 2030, it aims to double Magirus revenues to over EUR750m per year while also reducing emissions from production to net zero.

This initiative aims to promote energy-efficient tyre manufacturing, strengthen domestic supply chains, and create employment opportunities, says JK Tyres.

The company says this move to unlock value from non-core assets is consistent with Rane Holding Ltd’s strategic objective of streamlining operations and strengthening financial performance.

On a mixed production line, MAN can produce approximately one hundred trucks per day with diesel and battery electric drivelines, taking around eight hours to build a truck from start to finish.

The joint venture’s primary objective will be to build the “non-differentiating core” of the software-defined truck: a standardised digital platform and dedicated commercial vehicle operating system which will be open to Daimler and Volvo’s competitors.

The majority of this order are non-AC diesel buses.

When charging points are connected to the system, energy is distributed in a way that “ensures the constant availability of power” to each vehicle, according to Swarco brand Evolt Charging.

New automated facility will help reduce logistics costs.

Volvo announced the start of electric truck production at its facility in Wacol, Queensland, which coincided with a 30-unit order from logistics firm Linfox.

Our press visit to BorgWarner’s cutting-edge Gigafactory in Darmstadt, Germany revealed a company that is rapidly accelerating toward the future by betting big on electrification!

Following shareholder approval, Plus will enter into a business combination that will generate up to USD300m in gross proceeds while also giving it access to the public financial market.