Altogether, the bus and coach group will raise gross proceeds of approximately USD444m through the refinancing plan.

The two companies are working together to launch trials of Plus’s Level 4 autonomous Iveco trucks, together with “smart road infrastructure”, in the Australian state of Victoria. 

The company posted revenues of EUR 41.7 million in H1 2023. Ebusco’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) was EUR - 43.5 million leading to an overall loss of EUR - 35.8 million.

The new inverter is an overhaul of the old design, making it better suited to commercial vehicle uses and more compliant with the latest cybersecurity requirements; that is according to Manuel Calero, Voith’s new vice president for E-Mobility who came into his role in February 2023.

Called ‘Turnkey Solutions’, the new service pairs signed-up customers with their local Volvo Trucks dealer, who will help them to set up their own charging infrastructure.

Ebusco announced it has signed a framework agreement with Frankfurt Airport operator Fraport to deliver four twelve-metre-long Ebusco 3.0 buses, marking the first time an Ebusco vehicle will be used at an airport.

11,174 units were registered in total, making for a fifth consecutive quarter of growth, according to statistics published by the Society of Motor Manufacturers and Traders (SMMT).

Schaeffler’s specially designed bipolar plates provide a power density of 4.6 kW per litre of fuel cell volume, 20% greater than the company’s previous generation of plates.

The company has unveiled its new hinged high-voltage connectors for heavy-duty electric vehicle charging, which increase cable-to-connector stability in high-voltage applications, thereby increasing performance, reliability and safety for users and operators.

Eicher and Valvoline have been associated since 2019 for the supply of Eicher Genuine Lubricants.

The market saw total growth of 5.9%, according to second quarter 2023 results published by the Society of Motor Manufacturers and Traders (SMMT).

Traton brands will be enabled to import trailer data to the Rio portal, and truck data will also be imported to Schmitz’s ‘TrailerConnect’ platform.