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.

ZF Friedrichshafen AG says Big Data is fast becoming the new currency of global business.

BrightDrop is the name of a new business division of General Motors Corporation through which it plans to offer an integrated ecosystem of electric products, software, and services for first to last mile operations.

The Alcoa brand, the  aluminium wheel manufacturing concern, since April 1, 2020, has been owned by Howmet Aerospace Inc of Pittsburgh, Pennsylvania.

Patrick Collignon, a former Volvo Group executive, has established Trova Commercial Vehicles Inc.

Lightning Systems, a developer and manufacturer of zero-emission commercial electric vehicles has announced it has diversified its business and technology portfolio by launching a new division called Lightning Energy.