While the specific percentage of shares repurchased was not disclosed, ABB E-mobility continues to hold a significant stake in InCharge Energy. This deal gives InCharge more decision-making power over its future business operations.

Broshuis is a family-owned company specialising in the design and manufacture of trailers. The company produces semi-low trailers, low trailers and flat trailers.

Levin (President and CEO of Scania) takes over the function from Harald Seidel, President of DAF Trucks. He will work closely with ACEA President Ola Källenius (Mercedes-Benz Group AG chairman) who is serving in his first term.

Oberwörder succeeds Domenico Nucera, the former President of Iveco Bus. To get more zero-emission buses on the road, Oberwörder will need to bring together policymakers, bus operators, energy suppliers and manufacturers to plot a sensible way forward that not only helps decarbonise the European bus industry but also maintains the competitiveness of European bus OEMs.

The light and medium truck segment, up to 10.5 tons gvw bucked the trend by increasing 6.2%.

Gonzalez will take up his role on 1 April, replacing Westport CEO Dan Sceli who leads the joint venture on an interim basis.

The Yutong T75e will come with an energy capacity of either 100 or 132 kilowatt hours, with the latter option providing a range of over 180 miles.

Scania has committed to supplying Weber this year with approximately 20,000 tonnes of used sand from its foundry in Södertälje, a waste byproduct from the casting of engine components which would ordinarily be sent to landfill.

Trucks sales in 2024 fell by 3.5%, whereas bus and coach sales declined steeply by 32.8%.

The new plant will produce wiring systems for the CV industry in order to meet the growing demand in that segment of the business.

Daimler plans on delivering another 50 of these e-trucks before the end of the year, with the majority heading to European dealerships as demonstrator models.

Truck sales at 15,308 units in 2024 was the second highest in the ten last years.