SKF intends to divide its Industrial and Automotive business segments, allowing them to operate as separate companies.

When combined with SKF’s ‘Hybrid’ ceramic ball bearings, the ‘Conductive’ brush ring can reduce the negative effects of parasitic currents which circulate between stator windings and the other components.

The factory, which will produce tapered roller bearings for commercial vehicle applications, will be located on a greenfield site in Monterrey, which is located near the border with the USA.

The bearing and seal manufacturer is investing the money in its factory in Dalian, China and in local manufacturing in India and Southeast Asia.

SKF has said that Tenute, a firm based in Italy, will be integrated into its own Seals business.

The new unit, headed by David Johansson, will have greater autonomy than before and will focus its efforts on e-mobility and the commercial vehicle sector.

SKF will be able to leverage Rubico Consulting's expertise in collecting and analysing data for R&D, testing, and maintenance purposes.

Bearing specialist, SKF Group of Gothenburg to reduce its use of fossil fuels, is to test a self-driving electric truck together with Stockholm-based technology company, Einride AB, on a public road between the factory and the warehouse in Gothenburg. Einride which builds complete vehicles was the first company in the world to operate an electric self-driving truck on public roads for commercial purposes in 2018.