The company announced record 2023 sales figures of USD 10.6 billion, an increase of 4% compared with 2022 figures of USD 10.2 billion. Adjusted EBITA rose by USD 145 million, to USD 845 million in 2023 (2022: USD 700 million). Financially, the company is healthy with an operating cash flow of USD 476 million and a sales backlog of USD 950 million.

Steven Miller replaces Brett Icahn as Icahn Capital Board Designee. Miller is a portfolio manager at Icahn Capital L.P. a subsidiary of Icahn Enterprises L.P. The board will continue to be composed of 10 directors, nine of whom are independent.

Okray joins the company from Eaton, where he served as Executive Vice President and CFO.

Indomobil is the Indonesian assembly and distribution partner for several overseas vehicle brands, as well as commercial vehicle companies such as Hino, Renault Trucks and Volvo Trucks.

The manufacturer has said that "an inheritance dispute" among shareholders and the Van Hool family "has complicated the planned actions"; the implementation of its recovery plan "in a business continuity situation is no longer viable”.

2,300,000 Class A ordinary shares were sold during the underwritten public offering, which closed on 6 March, at a price of USD6.50 per share.

Record sales (526,053 trucks and buses sold) led to record revenue in 2023 (EUR 55.9 billion) and an increase of EUR5bn compared with EUR 50.9 billion in 2022). Adjusted EBIT in 2023 grew by 39% to a record EUR 5,489 million compared with EUR 3.959 million in the previous year.

Mobico’s ‘National Express’ coach service will test the coach during a four-week trial period, when it will operate on a route between Stansted Airport and London.

The aim of the research, which began in 2021, was to overcome “vapour lock”, or the tendency of LPG to change state from liquid to gas while it is still in the fuel delivery system.

Plus says that on-road testing of Traton trucks installed with its ‘SuperDrive’ Level 4 autonomous driving technology has already begun in the USA and Sweden.

Eatron says that its battery management software is “AI-powered”; in other words, it employs algorithms based on physical models to assess the battery’s health and performance.

New energy commercial vehicles (NECVs), comprising mainly hydrogen, electric and plug-in hybrid vehicles, increased by 32% to 447,000 units.