People ProfilesFUSO Truck and Bus Corporation (Financials)
Fuso Electric Truck Update: 2024 Performance Mitsubishi Fuso Truck and Bus Corporation (MFTBC), majority-owned by Daimler Truck, demonstrated progress in electrification despite overall market challenges in 2024. While Trucks Asia segment, which includes FUSO, saw total sales decline to 125,234 units (-22% year-over-year), the company’s electric vehicle ...
Manufacturer ProfileDesignwerk Technologies AG (Financials)
Designwerk Technologies AG, a Swiss leader in electromobility for commercial vehicles, concludes the year 2023 with notable achievements and announces plans for expansion in Germany in 2024. Last year, customers collectively covered 5,778,509 kilometers on battery power with Designwerk’s electric trucks, amounting to a total performance of 10,650,126 kilometers since ...
People ProfilesTesla (Financials)
Tesla Q3 2024 Financial Update: Semi Truck Production Plans Source: Shutterstock Tesla reported strong Q3 2024 financial results with total revenue reaching $25.2 billion, up 8% year-over-year, while providing an update on its commercial vehicle strategy. Key Production Updates: Semi truck factory preparation continues on schedule ...
People ProfilesSANY (Financials)
SANY Heavy Industry (SSE: 600031) has reported its 2023 financial results, showcasing robust international growth amid market challenges. Total revenues for the year stood at RMB 74.02 billion (US$10.43 billion), a decrease of 8.44% year-on-year, though this represents a significant narrowing of the previous year’s decline by 15.92 percentage points. ...
Manufacturer ProfilePeterbilt (Financials)
Peterbilt Q3 2024 Financial and Electric Truck Update Peterbilt, a division of PACCAR, reported steady financial performance in the third quarter of 2024 while continuing to invest in electric vehicle (EV) technology and alternative fuel solutions. PACCAR’s Q3 net sales and revenues totaled $8.24 billion, with net income of $972.1 ...
Company StrategyMack Trucks (Financials)
Mack Trucks Financial Update: Q3 2024 Electric Performance Mack Trucks showed mixed results in electric vehicle performance during Q3 2024, with notable shifts in both orders and deliveries of electric trucks amid broader market challenges. Key Electric Vehicle Metrics: Q3 electric truck orders: 27 units (-68% ...
Manufacturer ProfileKenworth (Financials)
Kenworth Q3 2024 Financial and Market Update Kenworth, a division of PACCAR, reported steady financial performance in the third quarter of 2024, alongside continued investment in vehicle innovation and manufacturing expansion. PACCAR’s Q3 net sales and revenues totaled $8.24 billion, with net income of $972.1 million and global truck deliveries ...
People ProfilesHyzon Motors (Financials)
Hyzon announced its first quarter 2024 financial and operating results on May 13, 2024. Hyzon Source: Hyzon Key Highlights Revenue: Hyzon reported $10.0 million in revenue for Q1 2024, marking a significant increase from no revenue in the same period last year. This growth reflects ...
MT ArticleNikola Corporation Reports First Quarter 2024 Results
Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions via the HYLA brand, today reported financial results and business updates for the quarter ended March 31, 2024. Hydrogen Fuel Cell Electric Trucks (FCEVs): - Nikola wholesaled 40 FCEVs in Q1 ...
People ProfilesDennis Eagle
Postion: Aftermarket Director Name: Geoff Rigg Linkedin: https://www.linkedin.com/in/geoffrigg/?originalSubdomain=uk Personel Description: Geoff Rigg is an experienced business leader in the specialist vehicle sector for over 30 years with a long association with the Dennis marque. He is currently the Aftermarket Director. Rigg has achieved key achievements as ...
People ProfilesIsuzu
Position: Manging Director Name: Peter Murphy Linkedin: https://www.linkedin.com/in/peter-murphy-864a2239/ Personel Description: Peter Murphy, the esteemed Managing Director at Isuzu Truck (UK) Ltd, has made significant contributions to the trucking industry over his 30-year career. With his commitment, expertise, and consistent achievements, Murphy continues to steer ...
Company ArticlesIveco Financials
Iveco Group’s Truck Division demonstrated resilience in Q3 2024, reporting net revenues of €2,253 million, down from €2,550 million in Q3 2023, while maintaining an Adjusted EBIT margin of 5.4% compared to last year’s 6.9% through strategic pricing initiatives and diligent cost management. The European truck market presented a mixed ...
Manufacturer ProfileMAN Truck & Bus Financials
MAN Trucks Financial Update: Q3 2024 MAN Truck & Bus demonstrated financial resilience despite facing significant market challenges in the first nine months of 2024. While sales revenue decreased 5% to €10.1 billion, the company maintained a stable operating result of €751 million, nearly matching last year’s €757 million. Notably, ...
Manufacturer ProfileRenault Trucks Financials
Renault Q3 2024 Financial Results: ev Transition Period Renault Group reported mixed Q3 results as it prepares for a major electric vehicle offensive. Q3 revenue reached €10.7 billion, up 1.8% compared to Q3 2023. Key Financial & EV Highlights: Overall revenue increased to €10.7 billion ...
Manufacturer ProfileVolvo Trucks Financials
Volvo Group Q3 2024 Financial Overview Volvo Group released its financial results for the third quarter of 2024, reporting a decrease in net sales and a decline in key metrics related to its electric truck segment. Net sales for the quarter were SEK 117.0 billion, down 12% compared to the ...
Manufacturer ProfileScania Financials
Scania Q3 2024 Financial Report Scania’s financial performance for the third quarter of 2024 showed a modest increase in net sales and operating income, while also reflecting a decline in order intake, particularly for electric trucks. Net sales for the quarter reached SEK 48.2 billion, a 2% increase compared to ...
Company ArticlesMercedes-Benz Trucks Financials
Daimler Truck Financial Profile Q3 2024 Daimler Truck Holding AG reported steady results for Q3 2024, reflecting resilience in the face of varied market conditions. The company achieved a revenue of €13.1 billion, a 5% decline compared to €13.9 billion in Q3 2023. Adjusted EBIT for the quarter was €1.19 ...
People ProfilesIveco
Position: CEO Name: Gerrit Marx Linkedin: Unknown Personel Description: Gerrit Marx has over 20 years of experience in various industrial segments, particularly the automotive industry. He holds degrees in Mechanical Engineering, MBA, and a Doctorate in Business Administration. He worked at McKinsey & Company before joining Daimler ...
People ProfilesMercedes-Benz Trucks
Position: CEO Name: Karin Rådström Linkedin:Karin Rådström | LinkedIn Personel Description: Karin Rådström is currently a Member of the Board of Management at Daimler Truck AG and the CEO of Mercedes-Benz Trucks. She has a background in marketing communications, product management, and sales support. Prior to her ...
People ProfilesKenworth
Position:PACCAR Sr Vice President Name: Kevin Baney Linkedin: Kevin Baney | LinkedIn Personel Description: Kevin Baney has been appointed as PACCAR Sr Vice President. He has been with PACCAR for over 25 years and started as a design engineer. Baney previously served as Kenworth’s assistant general manager ...
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