Based on its current forecast, Cummins projects full year 2023 revenues to be up 12 to 17%, and EBITDA to be in the range of 14.5 and 15.2% of sales. The company plans to continue to generate strong operating cash flow and returns for shareholders.
The first model of the Canter was launched in Japan in 1963. Since then, more than 4.5 million FUSO Canters have been produced worldwide. In 2017, FUSO launched Japan's first mass-produced electric truck in the light commercial vehicle segment, the eCanter.
Deutz and Daimler Truck have recently signed agreements giving Deutz access to Daimler engines by end of the decade. On the other hand, Daimler Truck will hold 4.19 percent of the issued capital of Deutz AG.
Arrival has previously announced its plan to refocus its resources on the development of its US Van product, which the company currently expects to start production in Charlotte in 2024, subject to raising additional capital. The company had to make the harsh decision to the difficult decision to re...
The German company’s proprietary solar technology is integrated into other manufacturers’ vehicles, such as trucks, trailers, buses, and RVs. It provides power to various vehicle systems, reducing CO2 emissions and fuel consumption.
The overall sales of the brands belonging to the TRATON Group overcame for the first time 300,000 units (+12%), including trucks, buses and vans. Incoming orders declined by 7%. Scania, MAN, Volkswagen C&O fell by 6 to 10%, Navistar sold almost 70,000 trucks.
The electric van will be serially produced from the first half of 2024. Farizon Auto also announced the intention to commercialize the electric vehicle on a global scale, and especially in Europe, perhaps due to the bans to ICE vehicles that will be introduced in some major cities, from 2024 onwards...
Volvo Trucks introduced new gas-powered FH and FM trucks, ready to run on bio-LNG, a renewable fuel that can be produced from many types of organic waste, including food scraps.
The awards went to DAF XG Plus 480 in the Tractor category; Mercedes-Benz eActros in the Distribution category and to Ford E-Transit in the Van category. This year, for the second time in a row, two out of three vehicles awarded are full electric.
The future facility will be located adjacent to Montreal-Mirabel International Airport on a 1.6 million square foot property, with development planned to begin very soon, in June 2021. The facility is expected to be completed in the second half of 2022, with a planned annual battery production capac...
Scania entered an R 410 tractor that managed to score the best test result: the truck’s average consumption was measured at 23.53 litres per 100 km, while Scania also managed the highest average speed, reaching 80.60 km/h.
The T7, new generation of the iconic Volkswagen Multivan makes a significant step forward towards electrical mobility with the plug-in hybrid system, in view of possible fully electric and autonomous breakouts (for the former, it seems we’ll have to wait at least another year).
The new On-Highway business will include the following group’s brands and their respective activities: IVECO (heavy, medium and light commercial vehicles), IVECO ASTRA focused on heavy- duty trucks, IVECO BUS and Heuliez Bus, Magirus (firefighting vehicles), Iveco Defence Vehicles, Iveco Capital and...
By taking over Akasol, BorgWarner has the target of increasing its presence in the e-mobility field and further strengthening its market position for battery systems. As a matter of fact, the US-based group is a primary player in the production of drivetrain components for the automotive industry.
On the occasion of the above-mentioned anniversary, ACEA released today (June 3, 2021) a video aimed at promoting a new brand identity vision.
The price of lithium batteries has fallen by 97% in 30 years. Says a study by MIT, the Massachusetts Institute of Technology in Boston, published at the end of March 2021 in the journal Energy and Environmental Science and taken up by The Economist.
For the first time since it set its Science Based Targets, Scania is reporting on its progress in reducing emissions, both from its own operations using a larger percentage of fossil free energy and from the use of its ecological vehicles.
Volta Trucks, the leading full-electric commercial vehicle manufacturer, has announced the appointment of its new Chief Executive Officer and Executive Chairman, as it prepares to move ahead with the next stage of its corporate development.
Nissan's survey based on e-mobility and the acceptance of electric cars. The survey involved a sample of 7000 drivers across Europe, 50% of whom own an electric vehicle and the remaining 50% have a car with a combustion engine. 70%1 of European drivers said yes, mainly because of the environmental b...