Krone has fully absorbed fleet digitalisation service provider ECR, which continues to act independently, providing its clients with digital services that optimise fleet efficiency and business processes.

Sophie Tricaud, Director of Communication and Public Affairs at Forsee Power in response to T&BB confirmed that building works in Ohio is now complete and that the production lines were being installed, with series production scheduled to start in Q3 2024.

Daimler is currently building a customer trial fleet of five of its Mercedes-Benz GenH2 Trucks (semi-trailer tractors) which will be tested on German roads starting in June 2024. With a focus on long-haul transport applications, the vehicles will offer a payload of 25 tons at a gross combination weight (GCW) of 40 tons.

The company is set to supply BAE Systems with its Forsee Zen Plus battery system to equip BAE’s Gen3 powertrain on a class 7 demonstration truck. The batteries will be produced at Forsee’s new manufacturing facility in Columbus, Ohio, beginning in Q1 2024.

The project encompasses the deployment of several electric BYD yard tractors equipped with Wave wireless charging (inductive) technology set to be deployed at the customer's distribution centre in Salt Lake City in Q1 2024.

Pinnacle Mobility, which sells vehicles under the brand name, EKA Mobility, is an electric bus as well as a light and medium-duty electric truck builder.

The Board of Directors has approved the decision to repurchase USD 60 million of its common stock over the next 24 months (two years). The transaction will be funded by the company’s cash reserves.

For the first time, the legislation covers cars, vans, and heavy-duty vehicles in one single piece of legislation. The above-mentioned agreement retains the Euro 6 emissions limits for cars and vans but adds stricter limits for buses and trucks, whilst introducing new limits for particles emitted from the exhaust, tyres and brakes.

The company’s three other Re.Wi.Re registered vehicle scrapping facilities are in Jaipur, Bhubaneshwar and Surat.

The Board of Directors has approved the decision to repurchase USD 20 million of its common stock through a “stock repurchase program”.

Beginning in 2025, Forvia will supply its Type IV hydrogen storage systems for medium-duty commercial trucks in the North American market.

Jill Greene is appointed as the Executive Vice-President, Group General Counsel and Board Secretary whilst MA Chuan has been appointed Executive Vice-President of China. Both will report directly to CEO, Patrick Koller.