September 2019, Cummins Inc announced it had made a cash investment in Loop Energy Inc, a provider of fuel cell electric range extenders for medium and heavy-duty transport applications.

The BRA14m (USD2.8m) deal, which was first announced last November, was finalised in February this year.

FPT Industrial has acquired Potenza Technology, specialising in the design and development of electric and hybrid powertrain systems.

Sweden’s Hexagon AB, a sensor, software and autonomous solutions provider, has acquired Britain’s CAEfatigue Ltd, a provider of mechanical fatigue simulation solutions used to improve manufacturing product design, quality, and reliability.

The Volvo Group has agreed to sell its Japanese subsidiary, UD Trucks, prefecture to Isuzu Motors Ltd, in a deal worth a reported USD2.3bn, as the fast evolving global commercial vehicle market continues to put huge investment demands on the industry.

Japanese commercial vehicle manufacturer, Hino Motors Ltd, has entered a capital and business alliance with local logistics consulting services firm, Trancom Co Ltd, with a view to optimising transportation networks in the country.

The Austrian trailer firm intends to take advantage of Hüffermann's expertise in the construction and infrastructure vehicle sectors in order to increase its market share particularly in Germany.

Truck and bus chassis and driveline part manufacturer, PE Automotive GmbH & Co KG, has acquired parts company, Monark Automotive GmbH together with the Monark brand for an undisclosed sum.

January 2020 saw Meritor Inc strengthen its electric drivetrain capabilities with its acquisition of all the remaining shares in Transportation Power Inc -  since 2010 a supplier of integrated drive systems, full electric truck solutions and energy-storage subsystems based in Escondido.

Volvo Group Venture Capital AB has invested an undisclosed sum in Autotech Ventures - an American venture capital fund based in Menlo Park focusing on start-ups in the ground transportation sector.

Ambulance body building specialist, Demers Ambulances Manufacturer Inc, has announced its expansion by acquisition of its strategic supply partner, Garage Carrey & Fils Ltd, a specialist in painting, maintenance and repair of automotive vehicles.

Fiat Powertrain Technologies Industrial or FPT Industrial of Turin, the global powertrain brand of CNH Industrial NV, last month announced its agreement to acquire 100% of Dolphin N2, a start-up company formed in 2017 specializing in innovative internal combustion engine technology from global strategic engineering and environmental consultancy, Ricardo plc .