The market for commercial vehicles over 2 tons gvw in South Korea declined sharply in the third quarter of 2023, by almost 16% to 53,168.

According to the Department for Transport, all new sales of cars and vans powered solely by an internal combustion engine (ICE) will be banned by 2035, with heavy-goods vehicles following suit in 2040. This has now become law in the UK, as part of the country's Net Zero Strategy.

Late last year in New York, Trevor Milton was sentenced to four years in prison, convicted of fraud after persistently lying to investors and the general public about the capabilities of Nikola’s EV products and technologies.

The market for commercial vehicles over 2 tons gvw continued to grow strongly in the third quarter of 2023, by 18% year-on-year to 32,128.

The eCanter was originally launched in 2017, with a new upgraded model made available since last year. It is sold in a growing number of markets in Asia, including Taiwan from last month.

Isuzu has announced plans to build an electric vehicle development and testing facility within its Fujisawa plant, to help it achieve its target of having a full range of carbon-neutral vehicles by 2030.

Jakarta-headquartered Nusatama makes special-purpose vehicles for the oil, gas, mining and forestry sectors.

Founder Mujeeb Ijaz steps down from his role as CEO to serve instead as Vice-Chairman of the board and Chief Technology Officer.

The hub currently consists of four charging bays; early next year, Milence will double the capacity and add a roof structure to cover each bay.

The new Hilux Champ was first unveiled at the Japan Mobility Show in Tokyo during October and went on sale in Thailand, the truck’s largest single market, at the Bangkok International Motor Expo at the end of November.

Schaeffler stated that the combination with Vitesco could realise earnings before interest and taxes (EBIT) of EUR600m per year before the end of the decade, through improved “revenue and cost synergies” achieved by combining their respective product portfolios.

This will make it one of the largest such projects in France, producing enough energy to supply the average consumption of 17,500 people.