The IVECO manufacturing facility in Ulm, Germany, is to be the production hub for the Nikola TRE battery electric and fuel-cell electric heavy-duty truck models. CNH Industrial brands IVECO and FPT took a $250m stake in Nikola last September. The announcement was followed in December with the unveiling of the Nikola TRE, a battery electric vehicle (BEV) heavy duty truck, which is the first step towards the fuel-cell electric (FCEV) model. The Ulm region has committed a substantial investment to […]
“We’ve had to right-size the business” – Simon Hobbs on a challenging first 10 months as Kinaxia chief executive
When Simon Hobbs says his induction as new Kinaxia boss wasn’t what he expected it sounds like the understatement of the year. Within weeks of taking the reins back in late January, the Covid crisis saw volumes across the group slump by 35% and cash quickly begin to drain.
New heavy goods vehicle (HGV) registrations increased by 9.5% in the first three months of 2021, signalling signs of recovery from the impact of the Covid-19 pandemic, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT).