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.

Cummins will have equal ownership of Texan-based Momentuum Fuel Technologies, which specialises in on-board CNG fuel storage and delivery systems.

EV Dynamics will hold a 14% ownership stake in the German electrification retrofit company, with which it is collaborating in the development of EV components.

Westport Fuel Systems Inc on June 8, 2021, through public offerings on the US Nasdaq Exchange and Canadian Toronto Stock Exchange of 20,930,000 shares at USD5.50 a share, generated USD115,115,000.00 in gross proceeds.

REE Automotive Ltd of Tel Aviv, Israel, an electric ‘skateboard’ chassis builder - which integrates critical vehicle components into the arch of the wheel - and special purpose acquisition company, 10X Capital Venture Acquisition Corporation of New York, USA, are to merge following agreement in January for a business combination that would result in REE Automotive becoming a publicly listed company of the New York NASDAQ.

Plus, a developer of self-driving truck technology, has entered into a definitive business combination agreement with Hennessy Capital Investment Corporation, a publicly traded special purpose acquisition company.

The Goodyear Tire & Rubber Company has agreed terms to buy Cooper Tire & Rubber Company of Findlay, Ohio for approximately USD2.5bn.