SCANIA

Visteon Announces First Quarter 2024 Financial Results

Retrieved on: 
Thursday, April 25, 2024
Visteon, Ford Puma, OEM, VAN, Public expenditure, Engineering, OLED, Ford, Share repurchase, Growth

VAN BUREN TOWNSHIP, Mich., April 25, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ: VC) today reported first quarter financial results.

Key Points: 
  • VAN BUREN TOWNSHIP, Mich., April 25, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ: VC) today reported first quarter financial results.
  • The decline in net sales was primarily due to lower recoveries resulting from improved semiconductor supply in the first quarter of 2024 and 1% lower customer vehicle production.
  • Gross margin in the first quarter was $119 million, and net income attributable to Visteon was $42 million, or $1.50 per diluted share.
  • Visteon repurchased $20 million of shares in the first quarter of 2024 under the $300 million share repurchase authorization announced in March 2023.

Scania Super Green Truck 2024

Retrieved on: 
Thursday, April 18, 2024
Truck driver, Diesel exhaust fluid, Senior, CCAP, Rain, Temperature, CO2, Cruise Control, Automotive industry

SÖDERTÄLJE, Sweden, April 18, 2024 /PRNewswire/ -- Each year, all the manufacturers of heavy trucks in Europe are invited to the Green Truck comparison test.

Key Points: 
  • SÖDERTÄLJE, Sweden, April 18, 2024 /PRNewswire/ -- Each year, all the manufacturers of heavy trucks in Europe are invited to the Green Truck comparison test.
  • Apart from a brief hiccup in 2023 – when Scania came second – the Södertälje-based manufacturer has won and been named "Green Truck" for seven out of the last eight tests.
  • "Scania participates in many press tests in Europe, but the Green Truck Award really focuses on what is an absolute core requirement in our industry – offering customers the best possible transport efficiency," says Stefan Dorski, Senior Vice President and Head of Scania Trucks.
  • At 7,040 kg, the Scania truck was also the lightest vehicle, and achieved the highest average speed, at 79.70 km/h.

Global Connected Medium & Heavy Commercial Vehicles Industry Report 2024: Telematics Trends, Regional Assessments, Competitor Evaluations, Revenue Predictions, and Market Size Analyses - ResearchAndMarkets.com

Retrieved on: 
Thursday, April 4, 2024
General Automotive, Trucking, Transport, Automotive, Volvo, Verizon Communications, Original equipment manufacturer, Daimler, OEM, Ecosystem, HCV

The "Global Connected Medium & Heavy Commercial Vehicles Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Connected Medium & Heavy Commercial Vehicles Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
  • This analysis of the global connected M&HCV industry examines telematics trends, regional assessments, competitor evaluations, revenue predictions, and industry size analyses.
  • The global telematics ecosystem in the medium and heavy commercial vehicles (M&HCV) industry is undergoing a tech-driven transformation, steering a new era of vehicle connectivity in the commercial vehicle space.
  • The main Megatrends driving transformation in the M&HCV telematics industry include driver-centric services, OEM telematics proliferation, and truck electrification.

South Africa Motor Vehicle Industry Report 2023: Muted Domestic Sales and Export Slowdown Propose Challenges - ResearchAndMarkets.com

Retrieved on: 
Thursday, March 28, 2024
Automotive, General Automotive, Electricity, EV, Tax, Growth, EVS, CFAO, Volkswagen, Motus, Policy, Delays, Software, Ford, Daimler Truck, African, BMW, Semiconductor, FAW, Government, Rare-earth element

The "The Motor Vehicle Industry in South Africa 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "The Motor Vehicle Industry in South Africa 2023" report has been added to ResearchAndMarkets.com's offering.
  • The outlook for the motor vehicle sector remains uncertain, as domestic sales are likely to remain muted as low consumer confidence and high interest rates affect demand.
  • There is also some concern that South Africa may lose export share if it fails to shift to electric vehicle production soon enough.
  • This report focuses on the motor vehicle industry, which incorporates the manufacture, distribution, servicing and maintenance of motor vehicles and the manufacture of components.

Public Transport ITS in Europe and North America - ITS for Buses and Trams is Forecast to Grow at a CAGR of 7.1% to Reach € 4.26 Billion by 2027 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, March 26, 2024
Public Transport, Rail, Transport, Other Transport, IVU, Climate change, APTA, ITS, Conduent, Vix Technology, Original equipment manufacturer, COVID-19, Siemens Mobility, Society, GPS, Trapeze Software, Software, Daimler, INIT, City, OEM, Cubic Corporation, Volvo, Investment, RATP Smart Systems, GMV, Gillig, Iveco

Approximately 60 billion and 12 billion public transport passenger journeys were carried out in Europe and North America respectively each year before the COVID-19 pandemic.

Key Points: 
  • Approximately 60 billion and 12 billion public transport passenger journeys were carried out in Europe and North America respectively each year before the COVID-19 pandemic.
  • Available transport modes include for example local and regional buses and trolleybuses, regional and suburban rail transport, metros and trams, and local waterborne passenger transport services.
  • In 2021, the number of registered buses and coaches in Europe and North America reached 0.86 million vehicles and 1.0 million vehicles respectively.
  • The economic value of public transport services in Europe is estimated to around € 145-155 billion per year, while the corresponding number in North America is around € 80-90 billion.

Plus and Scania, MAN, and Navistar Partner to Accelerate Global Commercial Deployment of Level 4 Autonomous Trucks

Retrieved on: 
Tuesday, March 12, 2024
Transportation, Automotive Manufacturing, Automotive, Technology, Manufacturing, Travel, Autonomous Driving, Vehicles, Vehicle Technology, Software, Off-Road Trucks & SUVs, Fleet Management, Open Platform, Navistar, Partnership, Transport, Plus, Safety, Multimedia, Level 4, Autonomous Solutions, Automotive industry

Plus, a global provider of autonomous driving software solutions, announced today a long-term partnership with Scania, MAN and Navistar of the TRATON GROUP for the global commercial deployment of Level 4 autonomous trucks.

Key Points: 
  • Plus, a global provider of autonomous driving software solutions, announced today a long-term partnership with Scania, MAN and Navistar of the TRATON GROUP for the global commercial deployment of Level 4 autonomous trucks.
  • The companies will create a Level 4 commercial autonomous transport solution using Scania, MAN, and Navistar autonomous ready base vehicles and Plus’s autonomous driving software in hub-to-hub operations.
  • The companies will pilot commercial operations with fleets in 2024, then start series production and global commercial deployment at scale.
  • Through its partnerships with world-class fleets, Tier-1 automotive suppliers, vehicle manufacturers, and infrastructure providers, Plus is validating and refining SuperDrive™ for integration into vehicles at the factory level and global commercial deployment.

Scania is adding more solutions to its electric truck range

Retrieved on: 
Tuesday, March 26, 2024
Bev, BEV, Sibling, EM, Light, Carbon, Senior, Love, Traction, Torque, Rail transport

We constantly hear stories about drivers that were sceptical at first, but then fell in love with their electric trucks."

Key Points: 
  • We constantly hear stories about drivers that were sceptical at first, but then fell in love with their electric trucks."
  • The components and solutions that Scania is introducing in this particular round should make haulers and transporters within distribution or construction-related operations sit up and pay extra attention.
  • At a typical distribution truck, the designation would be Scania 24 P (if it is the 240 kW version, that is).
  • Efficient and robust PTOs are essential for so many applications and that is why Scania is now adding a number of different PTO solutions.

Scania accelerates deployment of autonomous hub-to-hub transport

Retrieved on: 
Tuesday, March 12, 2024
Traton, Partnership, Pilot licensing and certification, Safety, Level 4, Autonomous Solutions, Transport

Scania is today (12 March 2024) expanding its strategic development of autonomous hub-to-hub transport solutions, with the launch of an Autonomous Commercial Pilot Programme.

Key Points: 
  • Scania is today (12 March 2024) expanding its strategic development of autonomous hub-to-hub transport solutions, with the launch of an Autonomous Commercial Pilot Programme.
  • As part of TRATON Group, Scania will also be involved in a new partnership with US-based Plus, which will integrate its Level 4, fully autonomous SuperDrive™ technology stack into Scania and TRATON Group vehicles.
  • The Scania Autonomous Commercial Pilot Programme is part of an increased focus on establishing customer-driven testing to demonstrate hub-to-hub technology, and creating scalable operational concepts that deliver real value in customers' operations.
  • "By expanding our autonomous hub-to-hub programme we are taking a leading position in providing autonomous solutions to our customers," says Peter Hafmar.

EQS-News: TRATON very successful in 2023: sales revenue up to around €47 billion, earnings per share more than doubled

Retrieved on: 
Wednesday, March 13, 2024
Quanta, CFO, Quanta Services, CHRO, Transport, Growth, Navistar, Volkswagen Caminhões e Ônibus, Annual, Partnership

TRATON very successful in 2023: sales revenue up to around €47 billion, earnings per share more than doubled

Key Points: 
  • TRATON very successful in 2023: sales revenue up to around €47 billion, earnings per share more than doubled
    The issuer is solely responsible for the content of this announcement.
  • TRATON very successful in 2023: sales revenue up to around €47 billion, earnings per share more than doubled
    Munich, March 5, 2024 – The TRATON GROUP grew its sales revenue by 16% to €46.9 billion (2022: €40.3 billion) in 2023.
  • For the TRATON GROUP, being successful also means driving the transition to a world of sustainable transportation.
  • Despite the resulting decline in sales revenue, Volkswagen Truck & Bus managed to record an adjusted operating return on sales of 8.8%.

Avanci Welcomes the Volkswagen Group to its 5G Vehicle Licensing Program

Retrieved on: 
Tuesday, February 20, 2024
Technology, Mobile, Wireless, Automotive, General Automotive, Vehicle Technology, 5G, Telecommunications, Other Automotive, Networks, Multimedia, Traton, Volkswagen Group, Patent, Volkswagen, Volkswagen Caminhões e Ônibus, CUPRA, Scout Motors, Automotive industry

Avanci, the independent global leader in joint licensing solutions, today announced that all car, bus and truck manufacturing brands in the Volkswagen Group are participating as licensees in the Avanci 5G Vehicle licensing program.

Key Points: 
  • Avanci, the independent global leader in joint licensing solutions, today announced that all car, bus and truck manufacturing brands in the Volkswagen Group are participating as licensees in the Avanci 5G Vehicle licensing program.
  • Laurie Fitzgerald, President at Avanci Vehicle, said: “We are delighted that Volkswagen Group is taking part in our licensing program for its next generation of connected vehicles.
  • With the addition of the Volkswagen Group brands, Avanci 5G Vehicle now includes more than 25 automotive brands and over 60 licensors as participants in our global one-stop-solution.”
    Avanci 5G Vehicle builds on the success of Avanci 4G Vehicle.
  • More than 150 million connected vehicles on the world’s roads from almost 100 automotive brands are already covered by an Avanci 4G Vehicle license.