The new entity will operate as a joint venture (JV) between the two companies. For Iveco, partnering with DLL provides valuable expertise in asset financing and financial services, which it anticipates will help expand its asset leasing business.

According to details shared at the press conference, the new Tokyo-based holding company will see Daimler Truck and Toyota each holding a 25% stake, with Hino and Fuso operating as wholly-owned subsidiaries.

This divestment is part of Goodyear's strategic plan to streamline its operations and focus on core business areas. This sale follows Goodyear's recent divestment of its Off-the-Road equipment tyre business to Yokohama Rubber for USD 905 million last year.

Wanrun’s bid was selected because it proposed to maintain all of Safra’s current business activities and to keep 120 out of 169 jobs going through a “clear investment plan”.

The move gives M&M a larger share of the CV market above 3.5 tons with multiple synergies for growth.

ABC Technologies has stated that the new company will be a “stronger, more diversified Tier-1 manufacturer” with “global scale and local reach”.

This follows the acquisition of Tankcare Engineering Ltd, an aftermarket firm based in Wisbech, England.

After acquiring the company for an undisclosed sum, Volvo has expanded its network by eight locations, growing its total number of distribution sites in the country to fourteen.

This was after an initial investment in 2022 by the company’s venture capital arm, Carrier Ventures. The company will integrate Addvolt’s battery systems into its refrigeration units and absorb all 60 employees into the Carrier Climate Solutions Transportation segment.

SAF-Holland said that taking over Anand’s portion in the Haldex joint venture will simplify the localisation of the entire Haldex product portfolio in India.

Daimler Buses and Sinos have been collaborating since 2022, with Sinos providing its proprietary software to support Daimler’s fleet electrification efforts. This acquisition formalises that relationship, enabling Daimler Buses to offer its customers customised, long-term digital solutions for electric fleet operations.

The plan is to list a joint holding company in 2026.