Fuso, Mitsubishi Motors and Mitsubishi Corporation to operate an online platform JV providing information and one-stop services relating to electric vehicles (EV). 

The company appointed Ryan Waldron as the President of the company's Americas business unit replacing Steven R. McClellan who retired on April 1, 2024. Waldron reports directly to the Chief Executive Officer and President Mark Stewart.

Daimler Buses and BMZ are set to co-develop new generation (NMC4) e-bus batteries to be equipped in Daimler Buses. Improvements in cell chemistry, life cycle and energy density should result in longer range and battery longevity.  

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.

The delivery was part of an order for ten double-deck coaches fitted with Advanced Driver Assistance Systems (ADAS) and five single-deck buses placed by the bus operator last year, as it looked to fulfil growing demand for inter-state road travel.

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.

CV sales grew almost twice as fast as the economy (5.1%) in the first quarter this year.

The company has made the European launch of its new GDL617 Ecoroad truck tyre, launched in size 315/70R22.5. Based on the Giti GDL617, the company announced that the Ecoroad truck tyre has superior rolling resistance, retreadability, improved fuel economy and higher mileage capabilities based on a new tread compound and a tweaked tread pattern.

The 2023 strategic highlights include the second-generation stack design, offering performance improvements. Furthermore, a megawatt electrolyser demonstrator completed testing in Germany and has arrived at partner Shell’s R&D centre in Bangalore, India for further testing.

The brand’s locally assembled Euro V range now comprises the heavy-duty UD Quester and medium-duty UD Croner models.

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.