In terms of the transaction details, BorgWarner shareholders would own shares of both companies, with its completion set for late 2023, pending regulatory approval.

Sumitomo Rubber do Brasil Ltda has had a presence in Brazil for more than a decade - but manufacturing tyres for trucks only started in 2019.

Marcopolo prepares facilities to ramp up production of Attivi electric bus in response to anticipated rising demand in some Brazilian cities.

In the first phase of construction, ZF will build a 12,000-square-metre plant covering four product lines: advanced driver assistance systems, high performance computing, safety electronics, and chassis control.

To meet growing demand, BMZ has expanded its production capacity in Karlstein am Main, Germany, with investment in increased production line automation.

The company has long produced rubber dampers and decouplers and now extends its product offering with viscous dampers in India to serve the LCV and heavy-vehicle segments in India and other world markets.

Hyliko claims that the Forsee Power's PULSE 2.5 modules have a better usage performance compared with rival battery systems.

SK E&S plans to produce up to 30,000 tons of liquid hydrogen per year at a new facility in Incheon.

Karsan offers a full range (6m to 18m) of battery and HFC-powered electric buses for urban transport.

The two American firms announced a strategic partnership which would see Plug Power supplying Nikola with fuel and processing equipment to support Nikola’s hydrogen strategy.

Hyundai, which has had a presence in China CV manufacturing sector through joint venture companies for many years, is to use its new MOU with CICC to expand its presence in the region in zero emissions HFC technology.

Steve Hoeft, who was previously COO replaces Chris Ripani as President of Bridgestone's CTG division, effective immediately.