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.

Hankook's decision to expand its Hungarian plant by 66,000 sqm and add this CV tyre production line was driven by the strategic goal of strengthening its presence in the European market. By producing TBR tyres locally, the company aims to shorten its route to market.

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

New Jakarta office to strengthen marketing and sales operations.

Hankook has published its 2024 financials with consolidated global sales of EUR 6,380.7 million, compared to EUR 6,329.5 million in 2023. Operating profit increased by 5.3 percent to EUR 1,194.6 million (2023: EUR 940.1 million) in 2024.

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.

Farizon signs local joint venture partnership.

Musso EV to be first Korean-made battery-powered pickup.

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.