Industry News

Vermeer in distribution deal with Bron for utility plows
Latest in a series of agreements broadening equipment offering for distributors adds utility track plows and attachments.
Daimler Trucks NA announces ePowertrain, Investment
New powertrain part of global platform strategy.
Hyundai Group seals Doosan Infracore deal
Hyundai Heavy Industries will acquire a 35% share in Doosan Infracore for €630 million
Aggreko discussing private equity sale
Power rental company considering cash offer from TDR Capital and I Squared Capital
Cummins, Isuzu Expanding Collaboration
Cooperation to include supply of Cummins mid-range diesels for Isuzu trucks beginning this year.
Magni merges US operations
Kansas and New Jersey locations remain open but are merged into single Magni America division 
AGCO sales up 1.2% in 2020
Solid fouth quarter performance highlights strength of ag equipment markets.
Cummins revenues fell 16% in 2020
Company projecting full year 2021 revenues to rise 8 to 12%.
Rolls-Royce to sell-off Bergen Engines
Move is part of plan to raise £2 billion from disposals
Continental Hydraulics merges with Hydreco in NA
Duplomatic Group merges North American operations
Deutz and SDF sign long-term engine deal
Collaboration also aims to grow service business for both companies
Meritor gets new e-business, plans start of 14Xe production
Meritor to supply Volta, Lion and Autocar with Blue Horizon 14Xe electric powertrains.
First order for MAN Mk3 gen-sets
Sets bound for Greek shipping company
Volvo CE reports 6% rise in Q4 sales
Manufacturer’s 2020 full year sales drop 8%, but fourth quarter net order intake up 31%  
Himoinsa supplies Finnish tunnel project
1.8 MW emergency gen-set installed
Perkins launches 5000 Series generator drive engine
New engine range targets emergency standby applications.
Revenues down 22% for Caterpillar
Manufacturer’s 2020 fourth quarter Construction Industries segment down 15% due to lower demand
Volvo Group creates business area dedicated to electrification
New Volvo Energy group aimed at strengthening battery activities, charging infrastructure.
Navistar in three-way fuel cell truck partnership
Navistar combined with GM, OneH2 Team on end-to-end solution for zero-emissions long haul trucking.
JCB recruiting to cope with ‘surge in production’
Company to take on extra staff as 2021 “starts strongly”
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