At Zaragoza, Schmitz will build ‘S.CS’ curtainsiders, ‘S.KO’ dry freight semi-trailers, and reefers for customers primarily in Spain, Portugal, France, and North Africa.

Nikola Iveco Europe will now be renamed as EVCO (Electric Vehicles Company).  

The Bandvulc Ivybridge plant in the UK mainly focuses on hot-retreading for the UK market with Bandvulc tyres being designed and manufactured in Ivybridge as well as producing Continental rebranded tyres in partnership with the Stöcken plant.

Plans by BorgWarner to spin off the Fuel Systems and Aftermarket segments were first announced in December 2022 under its “Charging Forward” strategy.

The German manufacturer has acquired modern factory equipment and a young team of technicians which will be integrated into its European production network.

MasterTrans is a dedicated bus builder established a decade ago in Taiwan, which is transitioning to production of electric buses in 18 months' time.

Foton to invest USD1bn in new truck in Mexico with plans to enter the markets of Canda and USA via NAFTA.

This moves comes on the back of a major repower bus order in the Capital and to combat competition primarily coming from Chinese OEMs.

The manufacturer announced it is taking cost-cutting measures to reduce its outgoings to under USD400m by 2024, including layoffs of approximately 270 workers at multiple sites.

Starting next year, Sunsundegui will be licensed to produce the Volvo ‘9700’ and ‘9900’ coach models, based on a new chassis which Volvo Buses introduced last year.

The U.S. Department of Energy took the decision to cancel the deal with Microvast in late May without offering any specific reason - though the company has been the subject of allegations linking it to the Chinese government.

The company said trucks built on these two platforms will give it a presence in around 80% of the country’s heavy-duty truck sub-segments.