Hino's shareholding is to be cut from 50% to 4.83% in GAC Hino Motors Company Ltd, with a 39.72% stake being transferred to Guangzhou Automobile Group.

ENC bus manufacturing at Riverside will wind down by the end of fiscal year 2024, once outstanding commitments to customers have been fulfilled.

Following the acquisition, which is set to close shortly, SAF-Holland will be able to expand its offering of special axle systems which were not previously part of its product portfolio.

Reading Truck’s acquisition of General Truck Body extends its network to 28 locations in the USA and expands the range of products and services which it can offer to its customers.

This acquisition strengthens Hitachi’s (Hitachi Energy’s Grid-eMotion division**) position in the electric mobility sector by expanding its product portfolio and production capacity of its electric vehicle charging equipment.

Danfoss acquired both the 1500 VDC converter technology and product team from Finnish renewable energy technology company, Ampner Oy, with plans to scale up its energy storage electrification portfolio.

Under the Exro name, the combined company will supply e-powertrains to original equipment manufacturers in the passenger car and commercial vehicle segments.

On 12 January, Phoenix Motor announced that it had completed its acquisition of the Proterra Transit, and on 2 February, Volvo announced that its acquisition of Proterra Powered had completed.

The directors of Xos and ElectraMeccanica have agreed to an all-stock transaction, whereby Xos will acquire all of the issued and outstanding common shares of ElectraMeccanica.

Founded in 2007, TST is primarily known for its tyre pressure monitoring systems for recreational vehicles, though it also serves applications such as agricultural trailers, construction equipment, and commercial transport vehicles.

The IMS Group, based in Barneveld, Netherlands, has long been a distributor of truck-trailer parts, including SAF-Holland components.

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