Japan’s commercial vehicle market over 2 tons gvw shrank by 11% to 80,450 units in the fourth quarter of 2024 from 90,750 units in the same period of the previous year.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, declined by 16% to 268,373 in the fourth quarter of 2024 from 319,099 units a year earlier.

The two companies have drawn up a plan to establish a dedicated truck upfit and modification centre which will be run by Shyft and located near Isuzu’s planned factory in Greenville, South Carolina.

Latest system is more durable and fuel-efficient, and cheaper

The ‘StackPack 75’ fuel cell system is designed for on-road applications such as urban and intercity buses, coaches, and light- to medium-duty trucks, as well as offroad handling and construction equipment.

End-of-life batteries used to build charging network.

The sale has been finalised after receiving the necessary regulatory approval. The divestiture is part of Goodyear’s plan to cut costs by streamlining its business operations.

Closure is part of broader efficiency drive.

Flexible production line will produce battery-powered and ICE models.

Hino pays a reported US1.6bn to settle the case.

Delivery will start in Q1 2025 with production set to take place in Zhejiang, China. The company views this as a pivotal milestone that not only reinforces its presence in Japan but also sets the stage for additional orders and expanded market share.

This divestment is part of Goodyear's strategic plan to streamline its operations and focus on core business areas. This sale follows Goodyear's recent divestment of its Off-the-Road equipment tyre business to Yokohama Rubber for USD 905 million last year.