Latest news with #commercialVehicles
Malay Mail
a day ago
- Automotive
- Malay Mail
Heavy vehicles without speed limiters will be grounded from October 1, Loke warns
KUALA LUMPUR, July 29 — Commercial vehicles not equipped with a Speed Limitation Device (SLD) will not be allowed on the roads as they will fail vehicle inspections once the phased enforcement of the system begins on Oct 1. Transport Minister Anthony Loke said the implementation of the SLD is a crucial step in controlling the speed of heavy vehicles and reducing the risk of fatal accidents, particularly involving buses and lorries, adding that such systems have long been mandatory in European countries and Singapore. 'Although I am aware that some industry players may push back, citing additional costs and so on, when it comes to ensuring road safety, human lives must take precedence. 'I hope all Yang Berhormat will support the government's efforts to ensure smooth implementation. Any opposition should be addressed by making it clear that safety must take priority over costs and business profits,' he said during the question-and-answer session in the Dewan Rakyat today. He was responding to a supplementary question from Datuk Dr Richard Rapu @ Aman Begri (GPS-Betong), who asked about the impact of SLD enforcement, its cost and maintenance, the implications of system failure and whether other countries have made SLD mandatory. Loke said the enforcement of SLD installation will be carried out in three phases, beginning this October. Phase 1, starting Oct 1, involves the verification of SLD functionality for all commercial vehicles manufactured after Jan 1, 2015. Phase 2, effective from Jan 1, 2026, involves the activation of SLD within the Electronic Control Unit (ECU) for commercial vehicles built before Jan 1, 2015. Phase 3 will require the retrofit installation of SLDs (with approval from the Road Transport Department) on any commercial vehicles not already equipped with the system. This phase will be enforced from July 1, 2026. He was responding to the question from Fathul Huzir Ayob (PH-Gerik) on whether the ministry intends to mandate automatic 'cut-off' systems on buses and lorries to limit speed or stop the vehicle if safety rules are ignored. SLD is an automatic speed control system that electronically limits a vehicle's speed through its ECU to regulate speed without shutting off the engine, thereby maintaining operational safety. Loke said the system applies to all commercial vehicles, specifically goods vehicles with a gross vehicle weight (GVW) exceeding 3,500kg and passenger vehicles with a GVW exceeding 5,000kg and carrying more than eight passengers. To Fathul Huzir's supplementary question regarding the integration of safety systems such as Automatic Emergency Braking (AEB), Electronic Stability Control (ESC), and real-time monitoring systems alongside the SLD, as well as the introduction of black boxes for commercial vehicles, Loke said the ministry is considering the proposals. He said stakeholder engagement sessions will be necessary to ensure any implementation is carried out efficiently and in an orderly manner. — Bernama
CBS News
21-07-2025
- Automotive
- CBS News
Western Wisconsin crash closes down part of Interstate 94 in Dunn County; 1 injured
A crash involving two commercial vehicles in western Wisconsin Monday morning has closed down part of Interstate 94. The Wisconsin State Patrol says a commercial vehicle motorist was driving slowly on the shoulder of eastbound I-94 in Dunn County, near Menomonie, around 11 a.m. when it was struck from behind by another commercial vehicle. One of the vehicles then caught fire. A passenger in one of the vehicles reported minor injuries, though it's unknown how many people were in each vehicle. Both vehicles were seriously damaged, according to the state patrol. As of 2 p.m., all lanes on eastbound I-94 in the area of the crash are closed, according to the Wisconsin Department of Transportation, and motorists are being rerouted.
Yahoo
19-06-2025
- Automotive
- Yahoo
Volvo Group and Daimler Truck partner to launch Coretura
On Tuesday, Volvo Group and Daimler Truck officially launched Coretura, a joint venture dedicated to developing a standardized software-defined vehicle platform for commercial vehicles. The launch followed binding agreements between the two companies, signed in October 2024. By early June, the companies obtained all required regulatory approvals and began operations in Gothenburg, Sweden. Coretura aims to build a non-differentiating core software platform and dedicated commercial vehicle operating system, as OEMs jockey to position themselves at the forefront of digital transformation in the transportation industry. 'With Coretura, we are setting a clear strategic focus on software development for commercial vehicles,' said Karin Rådström, President and CEO of Daimler Truck in the release. 'This is a big and really exciting step — not just for us, but for the entire industry and our customers. Together we are starting the digital-driven future of trucks and buses, ultimately making commercial vehicles smarter, more connected, and more efficient than ever before.' Coretura's activities include the specification and procurement of centralized high-performance control units designed specifically for commercial vehicles. These units will be capable of handling large amounts of data, allowing for decoupled software and hardware development cycles. A major benefit will enable end customers to purchase and update digital applications wirelessly 'over the air.' The joint venture will be led by a four-member Executive Management team composed of two representatives from each shareholder company. Johan Lundén, previously responsible for Strategic Product Planning, Project and Innovation management at Volvo Group, has been appointed CEO. 'This joint venture blends the agility of a start-up with the stability and expertise of our major shareholders,' said Lundén. 'We are proud and energized to lead the digital transformation in the commercial vehicle industry—backed by strong shareholder support and committed to shaping the industry's future.' Despite the partnership, Volvo Group and Daimler Truck will remain competitors, continuing to differentiate their product and service offerings, including their respective digital solutions. Coretura is open to cooperation with new and traditional suppliers and partners who share its values. Starting with approximately 50 employees, the company plans to grow incrementally, with its first products expected to launch in vehicles by 2030. Preliminary net trailer orders in the U.S. dropped by over 2,300 units from April to May, a 26% decline to 6,600 units, according to the latest data from ACT Research. Despite the monthly decline, orders remained nearly 12% higher compared to May 2024. When seasonally adjusted, May's order intake rises to 9,200 units, with final results expected later in June. ACT notes final order numbers typically fall within 5% of the preliminary data. The May decline aligns with expected seasonal patterns, but broader concerns about market stability remain. 'Lower May net order intake was expected, as it is one of the weakest order months of the annual cycle. More concerning, though, is this level of order acceptance does nothing to support backlog growth, particularly with the elevated cancellation rates reported in the past several months,' said Jennifer McNealy, director CV market research & publications at ACT Research in the release. Multiple factors continue to cause trailer market headwinds for manufacturers and suppliers. Notably, weak for-hire truck market fundamentals, depressed used equipment valuations, and relatively full inventories. High interest rates and uncertainty surrounding potential policy shifts related to tariffs were also mentioned. Looking ahead, ACT Research remains cautious. McNealy added, 'With weak for-hire truck market fundamentals, low used equipment valuations, relatively full inventories, high interest rates, and the ambiguity of policy shifts still in play, ACT's expectations for subdued build and order intake levels during 2025 remain intact.' The post Volvo Group and Daimler Truck partner to launch Coretura appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
17-06-2025
- Automotive
- Wall Street Journal
Volvo, Daimler Truck Launch Vehicle Software Joint Venture
STOCKHOLM–Swedish truck maker Volvo and German peer Daimler Truck DTG -0.44%decrease; red down pointing triangle have launched a new joint venture that will develop a software-based manufacturing platform to build digitized commercial vehicles. The launch of Coretura follows an agreement last year to move ahead with the project. The formation of the jointly-owned company is headquartered in Gothenburg, Sweden.
Yahoo
17-06-2025
- Automotive
- Yahoo
Volvo Group and Daimler Truck launch Coretura - a Joint Venture to unlock the digital future of commercial vehicles
GOTHENBURG, Sweden, June 17, 2025 /PRNewswire/ -- Volvo Group and Daimler Truck, two of the leaders in the commercial vehicle industry, announce the launch of Coretura AB, their joint venture aimed at transforming the commercial vehicle industry through a new software-defined vehicle platform and establishing a new industry standard. Coretura will enable Volvo Group and Daimler Truck and other future customers to provide differentiating stand-alone digital vehicle applications for their products. Following the binding joint venture agreements signed on October 28, 2024, Volvo Group and Daimler Truck have obtained all required regulatory approvals and have now launched the new company Coretura. Following the joint venture transaction, Coretura, based in Gothenburg, Sweden, began operations in the beginning of June 2025. Karin Rådström, President and CEO of Daimler Truck: "With Coretura, we are setting a clear strategic focus on software development for commercial vehicles. This is a big and really exciting step — not just for us, but for the entire industry and our customers. Together we are starting the digital-driven future of trucks and buses, ultimately making commercial vehicles smarter, more connected, and more efficient than ever before." Martin Lundstedt, President and CEO of the Volvo Group, adds: "Coretura represents a bold step forward in the evolution of commercial vehicles. By leveraging cutting-edge technology and collaborative innovation, we're setting the stage for a new era of connectivity and efficiency in the industry. This venture underscores our commitment to not only advancing our products but also paving the way for sustainable and intelligent transportation solutions." Coretura will be led by a four-member Executive Management team consisting of two members from each of the shareholders. Johan Lundén has been appointed as CEO coming from Volvo Group where he previously held responsibility for Strategic Product Planning, Project and Innovation management. Unlocking the digital future of commercial vehicles As commercial vehicles are becoming more digital, the mission of Coretura is to build the non-differentiating core, a standardized and open software-defined vehicle platform and dedicated commercial vehicle operating system. Coretura's activities also include the specification and procurement of centralized high-performance control units dedicated for commercial vehicles and capable of handling large amounts of data. This will decouple software and hardware development cycles, allowing end customers to purchase and update digital applications wirelessly 'over the air,' enhancing safety, efficiency and customer experience. "This joint venture blends the agility of a start-up with the stability and expertise of our major shareholders. We are proud and energized to lead the digital transformation in the commercial vehicle industry—backed by strong shareholder support and committed to shaping the industry's future." says Johan Lundén, CEO of Coretura. Starting with around 50 employees, Coretura is set to grow stepwise. This allows the shareholders to pool resources and invest in accordance with technical progress and achievement of milestones. Coretura thereby follows a collaborative co-development approach with its customers, aiming to launch its first products in vehicles by the end of the decade. Volvo Group and Daimler Truck will remain competitors and continue to differentiate their range of product and services offerings, including their respective digital solutions. Coretura is open to cooperation and invites new and traditional suppliers and partners who share its values to join in creating the future of the industry. June 17, 2025 Contact Volvo Group:Claes Eliasson, +46 76 553 7229, press@ Contact Daimler Truck:Paul Mandaiker, +49 176 30999267, For more information, please visit For frequent updates, follow us on LinkedIn The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers' uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people and serves customers in almost 190 markets. In 2024, net sales amounted to SEK 527 billion (EUR 46 billion). Volvo shares are listed on Nasdaq Stockholm. This information was brought to you by Cision The following files are available for download: Press release - Volvo Group and Daimler Truck launch Coretura - a Joint Venture to unlock the digital future of commercial vehicles 250617-volvo-group-coretura View original content: SOURCE AB Volvo
