This strategy falls under the company’s “long-term incentive plan” which will see Iveco offer stocks to executives, making it easier to attract top talent from around the world.

The first product to come out the new production area is the e-Sys electric drive system for trailers.

On 30 March, Schmitz Cargobull UK Ltd marked the official opening of its trailer assembly facility with a ribbon-cutting ceremony attended by customers and members of the press.

The one-month trial begins later this year and will measure vehicle performance on pre-planned routes under different driving conditions.

Frasle Mobility is the name of a new business unit of Fras-le S.A. involved in development and manufacture of new composite materials for the transport industry.

The new Clarksville manufacturing facility will make battery cells for the first time in the USA, as well as battery packs for Microvast's growing portfolio of CV customers in North America.

Alongside the 100,000-milestone announcement, MAN said it is now offering a rear-wheel drive option with single tyres and automatic transmission, targeted especially to customers requesting a special body on the chassis.

The commercial vehicle segment in Peru reached sales of 3,968 units in the first quarter of this year, down 15.5% compared with the same period last year, when 4,696 vehicles were licensed, according to the AAP (Automotive Association of Peru) of Lima.

ADL will supply National Express 170 double-deck BYD ADL Enviro400EV electric buses, to be delivered by the end of 2024.

Gales brings with him over 30 years’ experience in the automotive industry, including firms such as Peugeot and Citroen.

Diamond Trucks remodelled and refurbished the existing 45,000-square-foot premises, which are located on a 4.5-acre site in Howley Trade Park, Warrington

Volvo UK said it committed GBP500,000 to make the site more environmentally friendly by investing in solar panels, smart LED lighting, and air source heat pumps.