The Swedish manufacturer announced its financial results for 2023, reporting net sales of SEK552.8bn and an adjusted operating income of SEK77.6bn.

The ‘VPT60N’ is a fuel cell electric powertrain designed for use in cars, light commercial vehicles, and certain off-highway applications.

With an increasing focus on battery packs, electric powertrains and battery management systems for electric Commercial Vehicles (CVs), the firm has active plans to expand its customer base amongst global CV manufacturers.

The Krone Commercial Vehicle Division generated EUR1.7 billion in revenues, an increase of 22.9% compared with the previous year of EUR1.374 billion.

The manufacturer is now offering a 6x4 tandem bogie axle configuration, meaning that customers can have an electric truck fitted with a tipper body or construction equipment such as hook lifts or concrete mixers.

The parent of MAN, Scania, and Navistar reported record vehicle sales of 338,200 units for 2023, a 10.7% improvement on the year prior (30,500 units).

Of the two divisions (CVS and RVS), Knorr-Bremse said the Commercial Vehicle Systems (CVS) Division profited from strong positive market developments resulting in an 11.5% increase in revenue to EUR 4,180.2 million (2022: EUR 3,750.0 million). Order intake was up 6.5% at EUR 4,212.2 million (2022: EUR 3,954.3 million).

The company received an order for 16 units of its lighTram Tosa double-articulating trolleybus from the Italian city of Vicenza thanks to EUR 19 million in state funding to local transport company SVT, who plan to deploy the fleet on the LAM Rossa line in 2027.

The manufacturer has said that "an inheritance dispute" among shareholders and the Van Hool family "has complicated the planned actions"; the implementation of its recovery plan "in a business continuity situation is no longer viable”.

Record sales (526,053 trucks and buses sold) led to record revenue in 2023 (EUR 55.9 billion) and an increase of EUR5bn compared with EUR 50.9 billion in 2022). Adjusted EBIT in 2023 grew by 39% to a record EUR 5,489 million compared with EUR 3.959 million in the previous year.

Mobico’s ‘National Express’ coach service will test the coach during a four-week trial period, when it will operate on a route between Stansted Airport and London.

Plus says that on-road testing of Traton trucks installed with its ‘SuperDrive’ Level 4 autonomous driving technology has already begun in the USA and Sweden.