The company believes this appointment will enhance its path toward using climate technology (cleantech) and provide valuable experience in the capital markets. Berkenfeld has been acting as a special advisor, to company CEO Dr Sankar Das Gupta since 2022.

The EUR 75 million takeover of Eldor’s EHS segment, includes, on-board chargers (OBCs), DC/DC converters, and integrated high voltage boxes, all of which are expected to complement BorgWarner’s existing product portfolio.

Jakarta-headquartered Nusatama makes special-purpose vehicles for the oil, gas, mining and forestry sectors.

This will make it one of the largest such projects in France, producing enough energy to supply the average consumption of 17,500 people.

The number of engines ordered by Solaris year-to-date now exceeds 350, representing substantial growth.

For the very first time, Iveco is renewing its entire truck product line next year. Capital spending on R&D will be ploughed into reducing CO2 emissions, developing fuel efficiency (for ICE vehicles) technology and a new zero-emissions product range.

With the help of the Serbian government* in securing the land and the necessary licenses to build, the site will be responsible for the manufacturing and recycling of battery cells for EVs.

The company has announced plans to replace its current Chief Financial Officer (CFO), Kevin Nowlan, who is retiring at the end of February, with Craig Aaron, BorgWarner’s current Vice President and Controller.

The first three of forty-six Mercedes-Benz eCitaro articulated 18m electric buses were delivered to German public transport operator Rhein-Neckar-Verkehr GmbH. These vehicles will operate throughout the cities of Mannheim and Heidelberg in 2024.

Ebusco is set to supply Italian central purchasing organisation Consip*, with 250 of its low-floor suburban Ebusco 2.2 12-metre electric buses, marking a milestone first order in the Italian market.

The battery cells are to be sourced from LG Energy Solution to make battery modules and packs for TDCV starting in the first half of 2025.

The capital is to be invested in its factory in the North East of the UK, creating 40 new jobs over the next two years. According to AEM, the capital will enable the company to start producing copper-free EV motors for both passenger and commercial vehicles.