The transaction concerns ‘Mahle Powertrain LLC’, a subsidiary based in Plymouth, Michigan whose seventy or so employees provide engineering and consultancy services for the design, testing, development, calibration, and integration of electric and hybrid powertrains.

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.

Shyft expects the combined company will generate between USD20m and USD25m in annual run-rate cost synergies through “cost optimization and operational efficiency gains”.

The Hedin Mobility Group has purchased the dealership and retail services network in the Nordic countries in Sweden (Gothenburg, Helsingborg and Malmö), Norway (Bærum), Finland (Espoo) and Denmark (Odense).

The acquisition of the French cable protection systems company is part of ABB’s strategy to enhance its Installation Products Division and strengthen its market position in Europe, the Middle East, and North America, particularly in specialised markets such as OEM applications.

Karsan has acquired 100% of Spanish dealership, E-buskar, expanding its presence in the Spanish market. By integrating E-buskar into its operations, Karsan plans to enhance its collaboration with dealers in public transportation sales, after-sales services, spare parts, and used vehicles.

This acquisition triples Hexagon Agility's mobile service capabilities and extends its service network across the United States and Canada. Services such as field service, technical training, and parts distribution will help reduce vehicle downtime and therefore TCO for Hexagon Agility’s clients.

The acquisition supports United Safety & Survivability Corporation’s strategy to broaden its portfolio of safety solutions and enter new markets with Dafo’s advanced fire suppression technologies.

This new mechatronics laboratory is designed to increase the efficiency of software verification and validation and is expected to cut costs by some 70-80% compared with traditional methods.

The investment is to be used to support RSB’s plans for growth, focusing on mergers and acquisitions (M&A) and expanding its global operations.

Nova Bus announced last year that it would cease production at Plattsburgh by 2025, citing the location’s weak profitability.

Labcraft will now be integrated into Safe Fleet’s portfolio of brands that provide safety products for vehicle manufacturers. These companies serve multiple global market segments including emergency services, waste & municipal vehicles, construction vehicles and truck & trailer OEMS.