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Business News

Manufacture

Albania

|

Mergers, Acquisitions & Disposals

Zöller-Kipper acquires majority stake in Albanian steel components firm

By Bradley Osborne – 3rd July 2023

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

Taiwan

|

Japan

|

Investment

|

Manufacture

|

Electric Drive

Master Transportation Bus builds electric bus plant in Taiwan

By Will Pulson – 2nd July 2023

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

Mexico

|

China

|

Investment

|

Manufacture

Foton to build second plant in Mexico

By Will Pulson – 1st July 2023

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

South Korea

|

Hydrogen Fuel Cells

|

Investment

|

Manufacture

Hyundai to step up production of zero-emissions CVs at Jeonju

By Will Pulson – 30th June 2023

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

USA

|

Strategy/Policy

Nikola slashes 270 jobs as part of cost-cutting measures

By Bradley Osborne – 29th June 2023

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.

Sweden

|

Spain

|

Agreement

Sunsundegui licensed to build Volvo 9700 and 9900 coaches for European market

By Bradley Osborne – 29th June 2023

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.

USA

|

China

|

Battery Systems, Supercapacitors & Solar

|

Funding

Free Article

Microvast loses USD200m grant following alleged links to China

By Bradley Osborne – 27th June 2023

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.

China

|

Product

|

Manufacture

BAIC launches new range of low-cost heavy trucks

By Will Pulson – 27th June 2023

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.

USA

|

Canada

|

Manufacture

|

Strategy/Policy

Nova Bus to shut down production in the USA by 2025

By Bradley Osborne – 26th June 2023

The decision was reportedly motivated by the weak profitability of the Plattsburgh, New York operations over several years.

Germany

|

Product

|

Electric Drive

Daimler on track for September series production of Mercedes-Benz eActros

By Luke Willetts – 24th June 2023

To drive up consumer interest the company has been publishing many of its tests. The latest voyage saw the eActros travel from the Mercedes plant in Wörth, Germany, to Aksaray in Turkey. The 3,000km route was designed to test the vehicle’s safety systems, durability and performance.

UK

|

Investment

USD25m invested in Cummins Turbo Technologies site in Huddersfield

By Bradley Osborne – 23rd June 2023

T&BB visited the facility in early June to see what the Cummins subsidiary has done to expand its testing capabilities and refurbish its production facility. 

France

|

Investment

|

Manufacture

Forvia opens new manufacturing plant in France

By Luke Willetts – 22nd June 2023

The company aims to manufacture 100,000 hydrogen storage tanks a year, for the European market. Customers include Stellantis, Hyvia and MAN.

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  1. Home
  2. World Regions
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  3. CV Segment
    • Bus & Coach
    • Trailer
    • Truck & Van
  4. Driveline
    • Battery Electric
    • Diesel Combustion
    • Fuel Cell Electric
    • Gas Combustion
    • Hybrid
    • Hydrogen Combustion
  5. Technology
    • ADAS & Safety Systems
    • Aerodynamics
    • AI, Digitalisation & Robotics
    • Alternative Fuel Engines
    • Autonomous Vehicles
    • Axles & Suspensions
    • Battery Systems, Supercapacitors & Solar
    • Body & Cab Components
    • Brakes & Braking Systems
    • Chassis Components
    • Connectivity
    • Diesel Engines & Engine Components
    • Electric Drive
    • Electrical Systems & Components
    • Emission Control Systems
    • Fuel Storage Systems
    • Gas Engines
    • H2 IC Engines & Components
    • HVAC Systems
    • Hybrid Drive
    • Hydrogen Fuel Cells
    • Interior Components
    • Refrigeration Systems
    • Steering Systems
    • Transmissions
    • Wheels & Tyres
  6. Infrastructure
    • Alternative Fuels
    • Diesel / Bio-Diesel Fuel
    • Electric Charging
    • Hydrogen Fuel
    • Natural Gas Fuel
  7. CV Services
    • Associations, Consortiums, Market Analysts & Consultancies
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    • eMaaS, Financial & Insurance Services
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