Globitas intend to strengthen Geesinknorba’s balance sheet and make new capital available to grow the company internationally.

The investment from British retailer, EG group, is intended for the production of a hydrogen fuel cell Heavy Goods Vehicle (HGV). 

SKF has said that Tenute, a firm based in Italy, will be integrated into its own Seals business.

The partnership with Bobang will strengthen Knorr-Bremse’s e-motor capabilities and develop further competencies in automated driving and electrification whilst Bobang plan on expanding its commercial vehicle product portfolio.

Brembo’s new division, Brembo Ventures, will invest in technology start-ups in artificial intelligence, big data, sensors, mechatronics, energy efficiency and sustainability to find new solutions applicable for the automotive industry.

SBRS currently services public transport operators, municipalities and logistics companies in cities including Brussels, Vienna and Cologne.

The agreement will see FPT Industrial supply natural gas engines to Blue Energy Motors, which plans to prioritise development of natural gas fuelled truck applications, although the collaboration also foresees the possibility of future technology deployments in the area of electrification.

GreenPower has entered into an agreement with Roth Capital Partners to raise capital through the sale of shares - the capital raised will be invested in new product development, increasing production capacity and sales.

Hino pulls out of Russia.

BorgWarner looks to expand business in Asian markets with acquisition of Hubei Surpass Sun Electric

BorgWarner expands business with purchase of charging technology firm Rhombus.

Smile Invest and the Essers family buy majority stake of Cargo Floor.