In Q3 2024, Iveco announced that it had reached an agreement with German private equity firm, Mutares SE & Co. KGaA, to sell its firefighting vehicle manufacturing unit (Magirus GmbH) for an undisclosed fee. That sale has now gone through.

The transaction concerns ‘Mahle Powertrain LLC’, a subsidiary based in Plymouth, Michigan whose seventy or so employees provide engineering and consultancy services for the design, testing, development, calibration, and integration of electric and hybrid powertrains.

Nora Oberländer, the grandniece of the company's owner, is set to join the HÜBNER Group's management team on March 1, 2025, bringing her expertise to the leadership of the family business.

Moreover, the group has signed a memorandum of understanding with the Canadian firm, agreeing to offtake 100,000 tonnes of spodumene concentrate per year over a ten-year term.

This was one of the largest single orders in the company’s storied history.

Klein will replace Mathias Geisen, who will sit on the board of management from 1 February and will take responsibility for group sales from 1 March.

This is the largest tender Iveco  Bus has won in the German market to date. Deliveries will start in 2025 and continue through to 2030.

Maxion announced that, upon Neto’s appointment, Ralf Duning, who served ten years as vice president of global engineering, will retire from the company.

This site has an annual capacity of 20,000 HVAC systems per year and was purpose-built to service the increasing demands for HVAC systems in electric buses and coaches.

The RFID tags are embedded into the sidewalls of its tyres, enabling comprehensive life-cycle monitoring and enhanced traceability.

He succeeds the former mayor, Andreas Brand, who has handed over his seat on the supervisory board of ZF.

The near-series production prototype was presented at eMobility Days in Berlin earlier this month. The orderbook is now open with series production set for 2026.