Ev Dynamics signs with two R&D research institutes to develop autonomous vehicle technologies.

REE has also entered into an agreement with Mitsubishi HC Capital America, which has committed to provide financing to its North American dealers and to help REE expand its distribution network further.

'Smart Dash' is powered by a new system architecture which Scania claims will enable “smarter and quicker” communication and more robust cybersecurity.

The Thai CV market in 2022 despite a weak last quarter finished 2022 up 13%.

The Canadian bus and coach group's income went into the red in 2022, with adjusted EBITDA tumbling from USD164m the year before to minus USD59m.

Medium sized truck market remains largest segment overall in Indonesia.

Although it made more in sales, Shyft took less income in 2022: its adjusted net income for the year was USD44.5m, a 40% drop from the year before.

The proportion of vehicles sold with electric, hydrogen and hybrid drives increased from 41% to over half (55% - 823 versus 669 units with internal combustion engines), marking the first time in the company’s history that buses with alternative drives have outsold conventional ones. 

The CV market in the Philippines is dominated by the pick up sector.

Excluding the contribution from the recently-acquired Meritor, Cummins made USD26.2bn, a 9% improvement on the year before (USD24bn).

The seven major markets of East Asia (excluding China) has grown by 125,000 commercial vehicles in the last two years.

Economic growth in China slowed sharply last year to 3%, missing the government’s 5.5% target as tough lockdowns were implemented in major cities across the country for extended periods to control the Covid pandemic.

CME reported total bus and coach registrations in EU27+4 of 25,658 units in 2022, a decrease of 5.9% from 27,277 units in 2021 and a 22.2% fall from the record year in 2019 of almost 33,000 (Note: Figures for 2020 are not provided by CME).