News

Ebusco achieved €102.4 million revenue in 2023, recording EBITDA loss of €95.7 million, compared to €34.8 million negative a year earlier, and net loss for the year of €120.1 million (vs €32.2 million in 2022). Ebusco’s net cash position was €27.9 million as per 31 December 2023 down from €95.2 mill...

Further £143 million (166 million euros) will be invested in England to roll out almost a thousand new zero emission buses. Transport Secretary Mark Harper has confirmed that 955 zero emission buses will hit the road as 25 councils receive funding to decarbonise their bus fleets, with rural areas pr...

Hochbahn electric bus fleet in Hamburg has covered 20 million kilometres so far. By mid-2024, the number of e-buses will grow to 260 vehicles (199 solo buses and 61 articulated buses), accounting for more than a quarter of the total fleet of almost 1,100 buses. As of today, there are currently 242 b...

MaaS Global has filed fo bankruptcy, one month after having halted operations of its Whim app. MaaS Global was founded in 2015. A reason for the company losses is indicated as being the B2C subscription model strongly advocated by MaaS Global. Founder and CEO of MaaS Global Sampo Hietanen, known in ...

Largest Singapore public bus operator SBS Transit has entered a cooperation with Stratio that "will boost service reliability of SBS Transit’s buses through a fleet-wide implementation of predictive maintenance technology".

“Meet the pioneers of transformation“: with this promise and a new Keyvisual, the German Automotive Industry Association (VDA) announces IAA Transportation 2024. From September 17-22, Hanover will be transformed into the hub of innovative mobility solutions, sustainable transportation co...

Sustainability will continue to be one of the key themes at InnoTrans, scheduled to take place in Berlin from September 24-27, 2024. It will be an opportunity for exhibitors to present sustainable solutions at the leading international trade fair for transportation technology. Sustainable mobility a...

After the first edition in 2019, the second in 2022, everything is set for the third round of Busworld Southeast Asia, to be held in Jakarta, Indonesia, in the International Expo halls, May 15-17, 2024. Indonesia’s bus&coach market is growing rapidly, driven by urbanization, infrastructure...

In 2023, IVU Traffic Technologies AG says it recorded the “most successful financial year in the company’s history”: revenue increased year-on-year by 8.2% to €122.5 million, gross profit by 11.7% to €101.1 million and operating profit (EBIT) by 6.1% to €15.8 million. German public...

ZF achieved its financial targets set for 2023. Against the backdrop of a highly volatile global economy, the company increased sales by 6.5 percent to 46.6 billion euros (2022: 43.8 billion euros). Adjusted EBIT is 2.4 billion euros (2022: 2.0 billion euros); adjusted EBIT margin is 5.1 percent (20...