Schaeffler stated that the combination with Vitesco could realise earnings before interest and taxes (EBIT) of EUR600m per year before the end of the decade, through improved “revenue and cost synergies” achieved by combining their respective product portfolios.

This will make it one of the largest such projects in France, producing enough energy to supply the average consumption of 17,500 people.

The number of engines ordered by Solaris year-to-date now exceeds 350, representing substantial growth.

The Malaysian commercial vehicle market over 2 tons gvw continued to grow in the third quarter of 2023, albeit just slightly to 19,900 units after an 85% rebound to 19,329 units in the same period of last year.

For the very first time, Iveco is renewing its entire truck product line next year. Capital spending on R&D will be ploughed into reducing CO2 emissions, developing fuel efficiency (for ICE vehicles) technology and a new zero-emissions product range.

The pilot vehicle is a Marcopolo-bodied bus with a Scania chassis capable of running on biodiesel from locally-sourced waste, such as animal manure and other agricultural waste.

With natural gas derived from renewable sources (such as waste), customers can cut their carbon emissions by up to 90%.

The Indonesian market for commercial vehicles over 2 tons gvw reversed sharply in the third quarter of 2023 after two years of strong growth.

Solutrans 2023 was held between 21-25 November at Eurexpo in Lyon, France. Over 1,000 exhibitors and 50,000 guests gathered for the 17th edition of this historic show, centred around the European heavy and light commercial vehicle industry.

The test was conducted by Mesilla Valley Transportation Solutions (MVTS) of Las Cruces, New Mexico on a 25.5-mile route, comprising urban and highway roads.

With the help of the Serbian government* in securing the land and the necessary licenses to build, the site will be responsible for the manufacturing and recycling of battery cells for EVs.

Japan’s market for commercial vehicles over 2 tons gvw continued to recover in the third quarter of 2023, by 15% to 95,079 units.