The Traton group's strategy is to increase profitability and efficiency by reorganising and consolidating its business operations, targeting a 9% return on sales for the entire group in 2024. 

The UK bus manufacturer signed an agreement for up to 60 Kite Hydroliner single deck buses to be delivered to bus operator Regionalverkehr Köln over the next two years.

Symbio has announced the establishment of 'Innoplate' with the German rolling element bearings manufacturer - a joint venture for the production of metallic bipolar plates, a key component in hydrogen fuel cell stacks for electric vehicles. 

Stuttgart-based Daimler Truck AG has announced that it intends to begin road trials with its 500km eActros LongHaul later this year. The first prototypes of the vehicle are already undergoing internal tests, but is yet to be tested on public roads.

Knorr-Bremse has announced that it has sold its 9.2% stake in Haldex to SAF-Holland, ending its financial interest in the Swedish brakes and suspensions manufacturer.

The Traton subsidiary has announced it will be producing a global electric bus chassis based on the powertrain installed in the Lion's City E range - series production is expected to begin in 2024.

Voith is developing a hydrogen storage tank, called Carbon4Tank, for vehicle fuelling purposes made from carbon-fibre-reinforced-polymers (CFRP), enabling greater storage capacity without compromising on payload or performance. 

Stuttgart-based Daimler Truck AG has announced that its Daimler Buses division will offer CO2-neutral vehicles in every segment by 2030. Initially, the division is focusing its electrification strategy on the core markets of Europe and Latin America.

The American firm has announced its intention to acquire the commercial vehicle division of Siemens - manufacturing motors and inverters for electric vehicles - for approximately USD190m in cash, with the sale expected to occur by the end of the year.

The German manufacturer was awarded a framework contract by Germany's largest bus operator for up to 940 Lion's City and Intercity buses, to be delivered 2023 through 2026.

Quantron will work together with FRIEM's retrofit business - a subsidiary called EYES - to enlarge the market for diesel-to-electric conversions in Italy.

Easymile SAS has begun an autonomous vehicle pilot project at the Wörth plant of Daimler Truck AG. The TractEasy project is operating an autonomous tow tractor to transport production parts outdoors across a 900m route with mixed traffic conditions.