As of 1 July, approximately 9,000 employees from research and development departments across the four brands were moved to the new groupwide team.

Truck-maker to also open new service centre in Gyeonggi Province.

Nearby was Paccar’s aftermarket brand, TRP (Truck & Trailer Parts), based in  Haddenham, which offers parts and consumables across multiple truck and trailer brands.

The combined company will operate as under the Aebi Schmidt name, headquartered in Burgdorf, Bern, Switzerland.

The company commemorated the establishment of its heavy truck factory – now also its headquarters – in 1955, since which date it has built more than 1.25 million trucks and 2 million cabs.

Leapfrog’s ‘Leap’-branded digital platform allows customers to turn their fleets into so-called ‘virtual power plants’ which can discharge stored energy back into the grid and generate revenue.

New Phoenix multi-fuel “super” truck range launched

Zion joins the company from another electric vehicle startup, Bollinger Motors, where he served as chief product officer.

Vietnam’s market for commercial vehicles over 2 tons gvw surged by over 37% to 15,252 units in the first quarter of 2025.

The Thai commercial vehicle market over 2 tons gvw continued to decline in the first quarter of 2025.

Prices for cargo van variant start at USD19,000.

“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.”