Eduardo Freitas, vice president of Anfavea, said: “We had a special year in 2024 for bus and coach chassis production, with the 34.7% increase was driven by the urban segment, which grew 41.3%, and the intercity segment, which grew by 5.4%.”

Knorr-Bremse's 2018 IPO provided financial flexibility for future success. By 2023, the company held 12,000 patents and generated approximately EUR 7.9 billion in annual revenue.

Whilst making the argument that Europe can maintain competitiveness whilst reaching its climate goals, the Union faces a multitude of issues relating to the rise of the Chinese EV automotive industry, pending American tariffs from the new Trump regime, internal political instability and unforeseen market reluctance relating to the uptake of zero-emission trucks.

David Kiss, Managing Director of DAF Trucks UK told members of the UK media at an event held in Oxford late last year that a large amount of DAF UK’s success is a direct result of its aftermarket network. The territory boasts 13 dealer groups with 146 dealer locations, which include 102 service locations and 34 sales locations.

The data by ANFAVEA shows truck production up by 40.5% in 2024, and that bus and coach chassis output rose by 34.7% when compared with 20,598 units in 2023.

While the exact financial details of this investment have not been publicly disclosed, it is part of HVS's ongoing efforts to attract outside investment after the company announced last year it was desperately seeking Series B funding as it slimmed down operations of its attribute prototype (AP) build.

The two companies have signed an exclusivity agreement with the deal expected to be finalised by late 2024. This acquisition will enhance JOST's portfolio, particularly in hydraulic systems used in transport, agriculture, and infrastructure industries.

The JV OEM is focused on developing advanced NECV technologies.

Bernard Krone, Chairman of the Supervisory Board, highlighted Hölscher’s expertise in finance and his understanding of agricultural sector challenges as key assets for the group's development.

This sale is part of Knorr-Bremse's Boost 2026 strategy, aimed at optimising its portfolio and focusing more on its core competencies.

New model may replace Nissan Navara.

This increases Daimler’s European aftermarket network leading to greater vehicle uptime and therefore profitability for operators.