Daniela Lorenzer was appointed to the role of Chief Financial Officer in October 2023 and Maik Spindler was appointed Chief Sales Officer in January 2024.

The iron foundry in Heerlen, operated by subsidiary company ‘VDL Castings Heerlen’, produces cast-iron parts for multiple sectors, including the truck industry.

The iQ-Cruise will be integrated with Eaton’s portfolio of automated manual transmissions, including the Eaton Cummins range.

The company says it will focus on commercialising its ‘Solar Bus Kit’, which (despite the name) is intended for trucks and trailers as well as buses.

In December, four Catalan public transport companies tested the 7-metre ‘eC24s’ in the Barcelona metropolitan area.

This acquisition strengthens Hitachi’s (Hitachi Energy’s Grid-eMotion division**) position in the electric mobility sector by expanding its product portfolio and production capacity of its electric vehicle charging equipment.

The company reported that sales of Maxus vans grew by 46% in 2023, while its battery electric vans took fourth place in the UK LCV-EV market, and it forecasts growth of 50% across all brands this year. 

Scherer leaves Siemens AG, where she was an executive VP and head of global investor relations at the German multinational.

In the opening pages of its very first sustainability report, published in 2019, Iochpe-Maxion proclaimed its interest in “establishing a position of transparency for the market and society”. The Brazilian company – originally a logging firm and now one of the largest manufacturers of wheels and structural components for automotives and commercial vehicles – had pursued certain sustainability objectives prior to 2019, but these had been managed individually by its numerous subsidiaries.

Danfoss acquired both the 1500 VDC converter technology and product team from Finnish renewable energy technology company, Ampner Oy, with plans to scale up its energy storage electrification portfolio.

Both subsystems are intended for easy integration into prototype and development vehicles, providing some of the necessary electronic components between the fuel cell stack/auxiliary battery and the traction motor.

Schwarzmüller cited increasing materials and energy costs, and “an unsteady market environment”, as factors which contributed to the lower sales figures in 2023.