Andy Palmer, CEO of Switch Mobility and Board Member of InoBat Auto, discusses the problems facing British manufacturing in an interview with Truck & Bus Builder

The Austrian manufacturer also increased production of trailers by 12% compared to 2020.

Businesses in the UK will be supported in buying vans (to 4.5t) and trucks (over 4.5t) with grants of up to GBP5,000 and GBP16,000 respectively.

The new 'I-Torque' option combines Volvo's latest diesel engine, transmission and cruise control technologies for greater fuel efficiency.

The gas engine manufacturer achieved revenues of USD312.4m and a net income of USD13.7m.

The Swedish subsidiary of the Traton Group announced sales of SEK146m in 2021 and a 26% increase in order intake over the year before.

The two companies plan to sell around 5,000 retrofitted trucks and buses in France by 2030, supported by over EUR1.5m raised earlier in the year by REV Mobilities.

Group spending in research and development into electric vehicles will increase to EUR2.6bn between now and 2026, adjusting its original budget of EUR1.6bn to 2025.

Sales revenues grew to EUR30.6bn, while the group's adjusted operating income was EUR1.6bn, a 5.2% return on sales.

Shyft Group launched a new brand with a range of electric vehicle products, while subsidiaries DuraMag and Utilimaster showcased a range of light truck products.

For the 'Powertrain in a Crate' electrification kit, Wrightspeed will develop the powertrain components while Romeo Power will supply the batteries.

Quantron's revenues increased by 500% over the year before to EUR10m.