The company announced record full-year sales of USD 3,035 million, which increased the Earnings Per Share (EPS) to a record USD 7.04, up 34 per cent from 2022. 2023 net income was USD 673 million, compared with 2022 figures of USD 531 million.

Allison has invested in Niron Magnetics, a company specialising in the development of sustainable non-rare earth permanent magnets. Allison is hoping that this investment helps develop sustainable permanent magnets to be used in its e-axles, thereby using less critical rare earth materials, adding to the long-term sustainability of its business.

The trucks arrive in CKD kit form from the HQ and factory in Sodertalje for assembly at Scania’s factory in Narasapura, Karnataka State, India. The tipper body is built and supplied by SSAB Swedish Steel (India) Pvt Ltd (a subsidiary of SSAB, Sweden) of Bengaluru.

In an attempt to generate operational capital, the Board approved plans for an accelerated book-build offering of newly issued ordinary shares at an extraordinary general meeting on 29 January 2024.

Netradyne is to fit its Driver•i1 AI (Fleet Camera System) onto gas trucks supplied by Blue Energy.

Krone has teamed up with Austrian logistics company LKW Walter, to introduce access to electronic consignment notes (eCMR) on its trailers. Krone has equipped LKW trailers with a QR code, which gives access to the eCMR. The QR code can be scanned on a smartphone (smart device) through the Krone Smart Assistant ap

It is understood that cab and based chassis for the Rhino 5536e is a re-engineered chassis cab from China. It offers a gross combined vehicle weight (GCVW) of 55 tons is powered by a Permanent Magnet Synchronous Motor (PMSM) that develops maximum output of 360hp @ 1200 rev/min and torque of 2400Nm @ 600 rev/min.

MoRTH has issued a new regulation mandating that the trucks manufactured on and after October 1, 2025, must be fitted with air conditioning for drivers; the new regulation will apply to trucks above 3.5 tons gross vehicle weight (GVW) – applies to trucks in the N2 and N31 categories.

Bollinger’s B4 electric chassis cab now qualifies for an IRS 40,000 U.S. tax credit for commercial clean vehicles, under the Inflation Reduction Act of 2022*. Deliveries of the B4 chassis cab are set for Q3 2024.

DAF Truck dealer representative, The HTC Group has acquired Barnes DAF, which includes its Guildford and Shoreham servicing stations. All staff at these facilities have been retained. For DAF, this means that the number of UK & Ireland dealerships remains the same (146) but with one less dealer group (now 14).

The companies stated that the merger is delayed due to slower than anticipated processes in obtaining the necessary regulatory clearances and approvals under competition and other laws and regulations.

The vehicle achieved a 5 star Direct Vision Standard* (DVS) rating for driver visibility, making it safe to operate in one of Europe’s busiest cities.