T&BB decided to have a closer look at the world’s 4th biggest tyre manufacturer as it looks to expand its global presence through fleet digitalisation, product range and aftermarket services in the context of the impending Euro VII regulation.

Shyft will commence customer deliveries of Blue Arc vehicles next year. 

Subject to regulatory approval, the joint venture will be launched in 2024, with both partners pledging to invest EUR300m each over the next three years.

The new vans, dubbed ‘TGE Next Level’, will enter production in May 2024.

The purchase will enlarge WEG's turnover and global reach substantially. The net operating revenue of these businesses in 2022 was approximately BRA 2.8 billion (USD541.5m), with an adjusted EBITDA margin of 9.5%.

The company received an order for 900 new-generation eCanters from the Japanese leasing company, Yamato Transport. This marks the largest single order of the Next-Gen FUSO eCanter so far.

Tanganelli has worked for UBS in the Investment Banking Division, Fiat Chrysler Automobiles in Business Development, CFO and Head of automotive components manufacturer, Magneti Marelli and most recently, assumed the role of CFO and Head of M&A at the Iren Group.

The refurbished truck range, the ‘T Red’, is the result of Renault Trucks’ new “circular economy” strategy of repairing and reselling used vehicles and parts instead of scrapping them.

By the end of September, 210 ambulances and 50 emergency vehicles will be fitted with transmitters and receivers, along with on-board diagnostics, for remote data exchange.

The IE-Drive 100 hydrogen fuel cell (HFC) utilises the company’s “patented evaporatively cooled (EC) technology”, whilst the hydrogen fuel cell stack delivers 155kW of power. In terms of the architecture, the design is centred around ‘blending’ the desired performance with the space constraints of LCVs. IE stated the HFC is currently being tested with various UK partners.

The implied enterprise valuation of "QEV NV" is EUR209m, and approximately EUR23m in capital has been committed to the proposed transaction.

In the past year, Phoenix Mobility has rebranded itself as ‘Tolv’ and attained UTAC and CNRV certification for the conversion of Renault mid-sized vans to electric power.