On its website, Spheros is promoting thermal management products for various applications, including buses, refrigerated vehicles, and e-mobility.

The deal is subject to approval: if permitted by the antitrust authorities, Krone will make use of Schwarzmüller’s sales and manufacturing footprint to extend its market presence in Europe and expand its distribution capacity.

Production of Van Hool semi-trailers – which include tankers, container chassis, and flatbeds as well as conventional box and curtainsided trailers – resumed on 29 April following the intervention of GRW, together with VDL Groep, to take over the company.

The group’s uplisting to the MDAX is recognition of its middle level, or “mid-cap”, market capitalisation.

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.

No further details have been announced, except that the two partners will initially keep between 650 and 950 Van Hool workers in employment.

As part of the agreement Isuzu states it will make a substantial investment in the local Nagoya-based autonomous driving technology company.

Formed in 1996, Toyota had gradually increased its stake in the JV andcurrently holds 80.5% of the shares and Panasonic the remaining 19.5%.

The Cavan brand was established by a joint venture called Beijing Cavan New Energy Vehicle Company Ltd (Cavan Auto), formed in 2023 with a registered capital of CNY500m (USD290m), in which Foton owns a 65% stake, Bosch Venture Capital 10% and the remainder is split between the other financial institutions.

Pinnacle Mobility, which sells vehicles under the brand name, EKA Mobility, is an electric bus as well as a light and medium-duty electric truck builder.

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.

Cummins is offering its remaining stake (80.5%) in Atmus to its shareholders, who have the option of exchanging Cummins common stock for shares in Atmus (at a 7% discount).