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.

Shareholders of the US-based truck manufacturer, Navistar International Corporation, have approved the purchase price and offer made by Traton SE to acquire all the remaining common shares of Navistar at a price of USD44.50 per share in cash.

The management team of solar-power transport solutions company, TRAILAR Ltd, has successfully completed a management buyout from Deutsche Post DHL Group.

October 2020 saw Turkish light truck, bus and coach builder, Temsa Transportation Vehicles become jointly-owned by the PPF Group and long-term owner, Sabanci Holding, each holding a 50% stake.

Electric vehicle start up, Arrival Ltd has attracted investment funding of USD118m to finance its global expansion plans.  

Nikola Corporation and General Motors Co have entered a strategic partnership designed to commercialise production of electric vehicles.

The BPW Group has acquired an unspecified stake in UZE Mobility GmbH, a start-up focussed on creating a global ‘Big Data’ marketplace via data collection using artificial intelligence of primarily un-used mobility data from all types of vehicles and the market environment.