CNH Indutrial is expected to approve the spin-off of Iveco Group following an emergency general meeting in December 2021.

Build Capital Partners, based in Salt Lake City, Utah, has announced the launch of Lane VC, an independently managed venture capital firm focused on the EV market.

The Vienna-based subsidiary, led by Manfred Heidegger and Andreas Hager, will take over coordination of software development for pepper motion.

Terberg RosRoca Vehicle Manufacturing LLC is based in Dubai Industrial City and has already began producing waste collection vehicles.

The fuel-cell developer has established a subsidiary led by Rob Del Core in San Francisco, marking the company's entry into the North American market.

The financial service, covering the Wrightbus range of electric vehicles, will provide leasing packages including charging infrastructure and maintenance as part of a turnkey e-mobility solution.

The German automotive corporation will spin off its various truck and bus brands into a separate company, which will be focused solely on the commercial vehicle industry.

Cummins Filtration, the business unit which produces fuel filters for trucks as well as heavy machinery and power generation systems, may be spun off as an independent company.

The battery manufacturer received approximately USD822m in cash following the closure of the business combination.

Tata Motors has incorporated a new wholly-owned subsidiary company called TML CV Mobility Solutions, which will provide end-to-end services of operating, repair and maintenance.

Van Hool NV of Koningshooikt, Belgium, has set up a new subsidiary in the UK called Van Hool UK Ltd. Based in Wellingborough, it will undertake the import, distribution, sales and aftersales support of the company’s bus and coach products.

A new company manufacturing trailers has been established in Brazil called Estrada Implementos Rodoviários Ltda. The new company is based in Caxias do Sul, Brazil’s principal trailer-producing hub, and has been set up by Marcos Guerra, former director of Guerra S.A., which was founded by his father and whose share control was sold in 2008 to French investment fund, Axxon Group.