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 USD16m will be spent on expanding and upgrading its manufacturing facilities located in Charlotte, Michigan to allow for the series production of Class 3-5 electric vehicles.

From May 2023, ContiTech will be divided into three regional business areas: Industrial Solutions Americas, Industrial Solutions APAC (Asia & Pacific) and Industrial Solutions EMEA (Europe & Middle East).

The production facility will be built by Hygen Energy, an Oxford-based firm led by Wrightbus owner and Chairman Jo Bamford.

The project brings together a consortium led by HVS and includes Fusion Processing and Asda.

To meet growing demand, BMZ has expanded its battery production capacity in Karlstein am Main, Germany, through a Euro 11 million deal with Amada Weld Tech for the acquisition of welding systems, a key component in the battery manufacturing process.

The company reported record production of 68,000 trucks in 2022 and a 17.3% share in the European heavy truck (16t gvw+ ) market with a high number coming from the new Generation DAF XD series.

The Volvo subsidiary celebrated the production of its 10,000th MD series truck, a range which Mack Trucks began making in September 2020.

The new brand, called 'Hyla', will be affixed to all of Nikola’s hydrogen fuel products and services, including fuel production and distribution.

The two companies will build a joint research facility in Germany, and ZF will invest in a new semiconductor fab planned for the state of Saarland in southwestern Germany.

Powertrain testing company, Greenmot, will handle the electrification of the 49 Iveco Crossway buses, which will see Forsee supply battery systems from its ZEN SLIM range made up of 11, 16 and 21 kWh modules with charging infrastructure provided by Comeca.

This initiative is part of Scania's short term (2025) global sustainability goals.