“Iveco has doubled its market share in the UK over the last five years,” Cutts opens. “Last year, we finished just shy of 5%. That was a tactical decision to grow our vehicle park and volume, re-establishing ourselves as a serious player.”

The South Korean market for commercial vehicles over 2 tons gvw declined by 13% to 41,648 units in the first quarter of 2025 from 47,744 units in the same period last year.

The Philippine market for commercial vehicles over 2 tons gvw expanded by over 16% to 32,558 units in the first quarter of 2025.

Harris said the appointment of Aquila is part of its “ambitious growth plan” in the British market, where it plans to expand its coverage and customer support across every region.

The Malaysian market for commercial vehicles over 2 tons gvw plunged by almost 31% to 11,981 units in the first quarter of 2025 from an already weak 17,189 units a year earlier.

The Indonesian market for commercial vehicles over 2 tons gvw increased by over 15% to 31,295 units in the first quarter of 2025 from very weak year-earlier levels.

The Japanese market for commercial vehicles over 2 tons gvw rebounded by 12% to 92,278 units in the first quarter of 2025.

The project will focus on the development and manufacturing of high-voltage EV components, including combined charging units, e-axles, inverters, and electric motors.

Sales of LCV goods carrier (truck) vehicles (gvw ≤ 7.5t) fell by 2.8% to 528,045 units in FY 2024/25 from 543,008 units in FY 2023/24.

This move is aimed at maintaining SMRP B.V.’s existing ownership stake in the company as REE raises fresh capital to support the commercialization of its order book.

Production of LCV trucks fell by 0.8%, while exports grew strongly by 60.2% to more than 14,000 vehicles.

On Samsara’s ‘Connected Operations Platform’, customers can now view information on Rivian vehicles in their fleet alongside other vehicle data, providing a “unified” platform for monitoring fleet assets.