Relaunch of the business is now underway with a team of around 150 employees who are focusing on bringing the 16-tonne and 18-tonne battery electric truck models back to the European market.

Amanda Figg is now AAG’s new Chief Technology Officer. Figg is tasked with leveraging data and new technologies to unlock new business opportunities as well as better support AAG’s existing customers.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, continued to deteriorate in the fourth quarter of 2023, with sales falling by more than 14%.

CaetanoBus to supply 10 H2.City Gold electric hydrogen-powered buses to Austrian public transport operator Wiener Linien.

ADL launched its next-generation electric Enviro400EV double-decker in late 2023. Stagecoach ordered 55 units, with full delivery over the course of 2024. The buses will operate in Oxford's low-emission Smart Zone.

Iveco and Ford Otosan have signed a non-binding Memorandum of Understanding (MOU) to explore the potential co-development of heavy-duty vehicle cabins.

For commercial vehicles, Havis produces in-cabin docking stations for computers and consoles, as well as heavy-duty mounts and storage units for equipment.

Formed in 1996, Toyota had gradually increased its stake in the JV andcurrently holds 80.5% of the shares and Panasonic the remaining 19.5%.

Iveco announced that it has reached an agreement with German private equity firm, Mutares SE & Co. KGaA, to sell its firefighting vehicle manufacturing unit (Magirus GmbH) for an undisclosed fee, pending regulatory approval.

‘Ford Pro Upfitter’ is the automotive manufacturer’s new accreditation programme, replacing its ‘Qualified Vehicle Modifier’ system.

Reto Leutenegger is promoted to the role of Chief Sales Officer and Jörg Zwilling is appointed as Chief Marketing Officer.

The Cavan brand was established by a joint venture called Beijing Cavan New Energy Vehicle Company Ltd (Cavan Auto), formed in 2023 with a registered capital of CNY500m (USD290m), in which Foton owns a 65% stake, Bosch Venture Capital 10% and the remainder is split between the other financial institutions.