The bus manufacturer was bought for USD52m by Rivaz Inc shortly after its former owner, REV Group, announced that it would terminate operations after fulfilling outstanding commitments to its customers.

Wrightbus says the financial support will fund the long build-cycle of its buses, enabling it to accelerate production at its bus plants.

Decreased sales in 2024, with 460,409 trucks and buses sold compared to a record 526,053 in 2023, a 12% decrease. Revenues were down EUR 1.2 billion in 2024 posting EUR 54.1 billion (2023: EUR 55.9 billion). Adjusted Group EBIT in 2024 declined by 14.97% to EUR 4,667 million compared with EUR 5,489 million in the previous year.

Frigo King is of Guaramirim (SC), Brazil and specializes in equipment for carriage of perishable and sensitive cargo in refrigerated trucks.

The next batch of e-trucks will be delivered later this year until the completion of all 100 by the end of 2026, which will support 1600 container movements a day, aiming to save up to 14,600 tonnes of carbon dioxide equivalent (CO2e) and 158 tonnes of nitrogen oxides (NOx) annually.

This is part of a wider strategy to strengthen its market presence in Eastern Europe.

It has expanded its Custom-Tailored Center (CTC) at its factory in São Bernardo do Campo.

The new Training Center, which is accessible by road and air, is a new, modern facility, offering training courses that follow the Daimler Truck TRUCK Training standard in Germany. Mercedes-Benz training centre in Brazil is in its 44th year of operation.

The American startup announced a partnership with the Japanese giant for the supply of cylindrical lithium-ion ‘2170’ cells, offering an energy density above 800 watt-hours per litre.

The move gives M&M a larger share of the CV market above 3.5 tons with multiple synergies for growth.

The ‘Euro-PX3’ low-loader trailer is available with two or three axle lines and boasts a load capacity of twelve or fourteen tons per axle line at 80km/h.

Godinho has worked at the PACCAR Group since 2019 and is based in Ponta Grossa (PR), the manufacturer's headquarters in Brazil.