The company announced its full-year financial results for 2023, which included a net loss of USD 54.2m (2022: USD110.1m) and a net revenue of USD 22.1m in 2023, an increase of 147% from USD 8.9m in 2022. The increase was primarily due to an increase in vehicle sales and spare parts sales, including the delivery of 250 autonomous delivery vans in China.

Cummins and BAE Systems have been working together to produce and deliver ICE-electric hybrid drivetrain systems since 1994.

BorgWarner’s full-year financial year results included net sales of USD14.1bn, an increase of 12.4% when compared with 2022 (USD12.6bn). Gross profit was up too in 2023 at USD2.5bn (2022: USD2.3bn) with operating income of USD1.1bn, or 8.2% of net sales.

Of the firm order for 80 buses, 32 will be fitted with another set of doors on the other side of the vehicle, allowing for dual-side boarding.

This is claimed to be the first time school minibuses have been fitted with automatic transmissions.

Gambrell replaces Lance Walters, who, after four years in charge of Brazilian operations, is to return to the United States as Assistant General Manager — Sales and Marketing of PACCAR Parts. Gambrell is one of the first women to assume the position of President in the Brazilian automobile sector.

Agrale stated that this new chassis took many months of development work by its engineering team in Brazil to design a product that would meet not only the needs of customers in Argentina and other South American markets, but also to meet international standards export beyond the continent.

Atlantic Heavy Duty now has exclusive rights to sell and service McNeilus trucks in the states of Pennsylvania, Delaware, Maryland, Kentucky, Virginia, West Virginia, North Carolina, and South Carolina, as well as Washington, DC.

Redesign, reinvent, reimagine: whole new ways of approaching the old problems of engineering and producing a saleable vehicle are encapsulated in two letters, ‘re–’, a tiny prefix which carries a lot of semantic weight. It was while mulling over the possibilities of “redesigning”, “reinventing”, and “reimagining” the traditional business model that co-founder and CEO Daniel Barel came up with the name REE Automotive for his startup firm, originally established in 2011 and now a public company with business premises in Israel, the UK, and the USA.

On 1 July, Pierre Breber and Brice Hill will take up their seats, and on 1 September, Luiz Pretti will take over from Franklin L Feder, who is retiring from the board.

Harbinger Motors will employ Sibros’ ‘Deep Connected Platform’, a software suite which is intended to improve vehicle performance and safety through full life cycle management of vehicle data.

With more than 100 locations authorised to sell and service its electric vehicles, 30% of Navistar’s dealer network is now EV certified.