The transaction, which is mainly components for car and light commercial vehicles, includes the manufacturing operations of two prominent engine parts brands of Moresa and TF Victor, which specialize in pistons and engine gaskets.

In 2024, three of four main truck market segments increased to register a total of 124,933 trucks sold, a 15.65% increase over the 108,024 trucks sold in 2023, according to statistics provided by Anfavea.

The data by ANFAVEA shows truck production up by 40.5% in 2024, and that bus and coach chassis output rose by 34.7% when compared with 20,598 units in 2023.

The light and medium truck segment, up to 10.5 tons gvw bucked the trend by increasing 6.2%.

Trucks sales in 2024 fell by 3.5%, whereas bus and coach sales declined steeply by 32.8%.

Truck sales at 15,308 units in 2024 was the second highest in the ten last years.

Truck market down by 2.5%, while van, bus and coach sales slip 9.3%.

The remaining vans are pending delivery due to production delays at General Motors' CAMI Assembly Plant in Ontario, Canada. According to GM, production was halted from October 2023 until spring 2024 because of battery module supply issues. Operations then resumed in April 2024, with the plant working to fulfil a backlog of orders.

The new parts warehouse is part of a USD100m investment plan in Argentina for the construction of a new factory in Zárate, Buenos Aires province.

Mercedes-Benz Cars & Vans Brasil says that by working with WEG and its personnel, it can offer the vehicle and charging equipment best suited to the business operations of the customer.

The Iveco Daily Line was the model range extensively highlighted by Iveco América do Sul Ltda at Fenatran 2024

Delivery will start in Q1 2025 with production set to take place in Zhejiang, China. The company views this as a pivotal milestone that not only reinforces its presence in Japan but also sets the stage for additional orders and expanded market share.