Hon Hai has entered into a definitive Asset Purchase Agreement for the Lordstown, Ohio facility (excluding certain assets such as the hub motor assembly line and battery pack and module lines) for USD230m.

Truck trailer rental company TIP Trailer Services has acquired Steers Group and Eurotrail, which leases heavy-duty vehicles in the UK.

Terberg Specials, purchased from the Royal Terberg Group, will now carry out modifications of light commercial vehicles under the 'Veth Automotive' brand.

Bedeo will leverage Protean Electric's in-wheel motor technology in the electrification of light commercial vehicles.

Munich-based braking systems manufacturer Knorr-Bremse AG has announced it has acquired a 5% minority shareholding in Israeli start-up Autobrains Technologies Ltd based in Tel Aviv-Yafo. Autobrains supplies video perception technology and advanced driver assistance systems (ADAS).

Swedish component manufacturer Concentric AB, based in Linköping, has announced the acquisition of Engineered Machined Products Inc. (EMP), a producer of electric and mechanical oil and water pumps, electric fans and thermal management systems based in Syosset, New York. Concentric purchased EMP in cash for approximately USD147 million.

The Texas-based manufacturer of cryogenic equipment for the transportation of liquefied hydrogen will support Plug Power in the development of a hydrogen economy in the U.S. and abroad.

The tipping trailer and tipper body builder was sold to TVS, a builder of specialist commercial vehicles, but will retain its current management.

Grantham-based tipping trailer builder Fruehauf Ltd has been bought out of administration by truck supplier MV Commercial, based in Airdrie, Scotland. Fruehauf had traded under the control of administrators for four weeks, with the completed sale protecting 120 jobs at the company’s 674-acre site in Lincolnshire.

The Indiana-based firm bought by Nelson Global Products supplies exhaust bellows, metal hoses, and other products to commercial vehicle OEMs around the world.

Transmission and propulsion specialist, Allison Transmission Inc, based in Indianapolis, Indiana, USA has signed  of an asset purchase agreement to acquire the transmission portfolio of India-based AVTEC Ltd’s off-highway business and AVTEC’s Madras Export Processing Zone (MEPZ) off-highway component machining business.

MAN UK acquired five dealership locations in the Midlands and North East of England from HRVS Group.