• Apr 30, 2018

    April 24, 2018
    Jeremy Hodges                   
    Bloomberg

    Electric buses were seen as a joke at an industry conference in Belgium seven years ago when the Chinese manufacturer BYD Co. showed an early model.
    "Everyone was laughing at BYD for making a toy," recalled Isbrand Ho, the Shenzhen-based company's managing director in Europe. "And look now. Everyone has one."
    Suddenly, buses with battery-powered motors are a serious matter with the potential to revolutionize city transport -- and add to the forces reshaping the energy industry. With China leading >Read more

  • Apr 24, 2018

    Date: April 23, 2018
    Successful Dealer Magazine  
    Two days after Volkswagen Truck and Bus executive Matthias Gruendler sent Wall Street ablaze saying a takeover of Lisle, Ill.-based truck maker Navistar “would make sense at some point,” the German parent company filed paperwork with the Securities and Exchange Commission to make more clear the company's intentions.


    According to a filing sent to the SEC Wednesday, and signed by VW T&B boss Andreas Renschler, Volkswagen “is not reporting any changes to its plans or proposals >Read more

  • Apr 23, 2018

    For the second time, the PSR-STA experimental vehicle won the Drivers' World Championship Americas! 

    Power Systems has sponsored the high school Experimental Vehicle team at St. Thomas Academy in suburban St. Paul, Minnesota, USA, for several years.

    The team won the International Championship in London last year, competing against some of the best high school and university engineering teams in the world.

    The team posted a run of 102 kilometers per kilowatt hour or the gas equivalent to around 3,250 MPG!!!

    After its win on Sunday, April 22, in the Shell Eco- >Read more

  • Apr 17, 2018

    (Bloomberg)Volkswagen's heavy-vehicle division is open to a takeover of U.S. affiliate Navistar International as the German company seeks scale to compete with global leaders Daimler and Volvo.


    Volkswagen Truck & Bus, which is changing its structure to access capital markets in about a year, might consider boosting its existing stake of just under 17 percent of Navistar, though that could trigger a mandatory takeover offer, Chief Financial Officer Matthias Gruendler said >Read more

  • Apr 16, 2018

    Naomi Tajitsu
    Reuters
    April 12, 2018 11:58 CET
    TOKYO -- Volkswagen Group's Truck & Bus unit said it has agreed to form a strategic partnership with Japanese truck maker Hino Motors to better compete in the commercial vehicle industry, which is undergoing transformation due to the need for lower-emission vehicles and automated driving capabilities.


    The two truck makers said they will consider cooperating in areas such as diesel and gasoline-electric hybrid engines, connectivity and self-driving technologies, adding >Read more

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