The sale is still pending regulatory approval and is expected to close by Q1 2025. This is part of Goodyear’s plan to cut costs by streamlining its business operations.

Founded in 1984, Assali Stefen produces standard axles and components as well as self-steering axles and components for special applications.

Valeo says it will also be partnering with Seeing Machines to offer a “best-in-class” full system for interior sensing, available to the passenger car and commercial vehicle segments.

John Dunn, formerly of Proterra and now working for Phoenix, said that Proterra Transit continued to build buses during the Chapter 11 bankruptcy and a “large number” of customer contracts were carried over following the acquisition.

Reyco Granning specialises in manufacturing suspension solutions for heavy and medium-duty vehicles, including for motorhomes, emergency response vehicle, speciality trailers, commercial trucks and buses.

Although it is integrating aspects of the two data platforms, Schmitz says AGS will continue to operate independently on the cold chain telematics market.

The Mellor and Treka sales teams, which were previously separate from one another, will be combined under the joint leadership of three newly elected sales personnel.

Valeo has owned the site through its subsidiary, ‘Ferentino Automotive Transition Srl’, since 1974, using it to produce HVAC components for Italian OEMs.

The Board of Exro Technologies Inc of Calgary, Alberta, Canada, has approved the proposed merger with Los Angeles-based retrofit firm SEA Electric Holdings Pty Ltd, first announced in February this year.

For commercial vehicles, Havis produces in-cabin docking stations for computers and consoles, as well as heavy-duty mounts and storage units for equipment.

Iveco announced that it has reached an agreement with German private equity firm, Mutares SE & Co. KGaA, to sell its firefighting vehicle manufacturing unit (Magirus GmbH) for an undisclosed fee, pending regulatory approval.

Krone has fully absorbed fleet digitalisation service provider ECR, which continues to act independently, providing its clients with digital services that optimise fleet efficiency and business processes.