The company halted production at its joint venture plant in the Russian city of Ulyanovsk in March 2022.

VKTR raises IDR 875bn (USD59m) through the floatation of 20% of its equity on the country’s main IDX exchange.

FFI is now acquiring the ‘Phoenix Hydrogen Hub’ project for an undisclosed sum and will draw up a supply agreement with Nikola for hydrogen produced at the site when it is up and running.

SWM, which manages 40 percent of Malaysia’s waste collection services, is upgrading its fleet with 250 Hino 500 Series refuse trucks which will pair the Hino J08E-WK engine with the Allison 3000 Series six-speed fully automatic transmission with Power Take-Off.

The company also took the time to display the LF95 trailer tyre for regional haul applications from Laufenn, Hankook's second-line brand.

The company has three factories in Japan, the Kawasaki Plant, which produces trucks and industrial engines, the Nakatsu Plant, which manufactures transmissions and the Toyama City Plant, where Fuso buses are produced.

Based in the cloud, the application, which is available to download on any smart device, gives real-time data sets to drivers, owners and operators monitoring tyre health and allowing all work carried out by Giti Service Partners to be logged and visible to the fleets 24/7.

The Japanese market for commercial vehicles over 2 tons gvw rebounded by 12% in the first quarter of 2023 after declining by 18% in the same period of last year.

MasterTrans is a dedicated bus builder established a decade ago in Taiwan, which is transitioning to production of electric buses in 18 months' time.

The Indonesian market for commercial vehicles over 2 tons gvw grew by 16% to 46,811 units in the first quarter of 2023 from 40,349 units in the same period of last year, as the domestic economy continued to recover from covid-related lockdowns.

The Malaysian commercial vehicle market over 2 tons gvw continued to expand in the first quarter of 2023, by almost 13% after growing by over 20% a year earlier.

The Philippine market for commercial vehicles over 2 tons gvw shrank by more than 3% in the first quarter of 2023 after growing by 12% in the same period of last year.