The company recorded a 4.3% growth in revenues (USD5.15bn) and a 2% drop in its net income (USD377.7m).

Meritor will supply Akia with 60 tandem drive axles for Akia's 24-metre buses - the first order Meritor has received from the Turkish bus manufacturer, following talks which began five years ago.

The two companies signed an MoU agreeing to steadily build up hydrogen capacity and to begin construction on a 1 GW production site by 2025.

Oshkosh recorded sales growth of 15.9% for Q4 and 12.8% growth for the whole financial year.

Perrone Robotics will employ Ouster's lidar technology in autonomous vehicles it has developed in collaboration with its partners, including Local Motors' 'Olli' passenger shuttle.

Recipients of the federal research funding include PACCAR, Volvo Group North America, Daimler Trucks North America, Ford, and General Motors.

The five-year contract between New Flyer and CapMetro provides for the supply of up to 171 electric buses, which NFI claims is the largest such contract in the USA to date.

Andreas Strecker, President of Accuride Wheels Europe and Asia explained the firm’s manufacturing facilities, customer base and strategy for growth in an interview with Truck & Bus Builder.

GATR EV in the Midwest United States has ordered 1,150 electrified trucks based on Hino glider chassis.

The two companies will jointly develop a new series of Class 4-6 electric trucks built on ZEC chassis and fitted with bodies by EAVX.

The five-year contract was signed with Niagara Frontier Transportation Authority of Buffalo, New York.

The new engine, with a maximum power output of 515 horsepower, boasts performance enhancements providing a 10% improvement in fuel economy.