Motherson Sumi Systems Ltd (MSSL), a subsidiary of SMI, which was previously contracted to operate DICVs facilities in Chennai, as part of the above transaction has signed a long-term agreement with DICV to supply it with complete frame assemblies.

BMZ has acquired a controlling shareholding in its battery cell holder supplier, Schutz Kunststofftechnik, essentially protecting its current supply chain.

GreenPower has entered into an agreement with Roth Capital Partners to raise capital through the sale of shares - the capital raised will be invested in new product development, increasing production capacity and sales.

Smart battery systems for sustainable electromobility, Forsee Power SAS of Paris has acquired shares in NEoT Capital from Mitsubishi Corporation giving it joint ownership with EDF.

Knorr-Bremse has announced that it has sold its 9.2% stake in Haldex to SAF-Holland, ending its financial interest in the Swedish brakes and suspensions manufacturer.

Knorr-Bremse AG, based in Munich, Germany, has announced it is to acquire the stake of Robert Bosch GmbH of Stuttgart in its European and Japanese commercial vehicle business.

Ford Motor Co, based in Dearborn, Michigan has announced that Ford Otomotiv Sanayi A.Ş. (Ford Otosan), based in Gölcük, Turkey, will assume control of its manufacturing plant in Craiova, Romania, subject to regulatory approval, in Q3 2022.

The transaction makes Cummins the sole owner of the 'Cummins Wesport Inc' joint venture specialising in spark ignition gas engines.

Blue Bird Corporation has announced the sale of USD75 million in common shares at a price of USD16 per share to Coliseum Capital Management LLC

Autonomous truck solutions firm Kodiak Robotics has received USD125 million in Series B funding to double its team and add 15 new trucks to its fleet.

Pierce has purchased a minority ownership interest in Boise Mobile Equipment, which it will support in transitioning to an independent dealer distribution sales model.

The trailer manufacturer has been bought back by a group of French investors from Spanish private equity fund Miura Partners, which had consolidated Chereau in The Reefer Group in 2016.