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.

With more than 100 Bluebird Corporation buses now in operation with Cummins’ electric drivetrain in the USA and 65 buses on order with its transit bus builder partner, Gillig Corporation, and a number of key prospect electrification contracts in both the truck and bus segments on the horizon, the Cummins Electrified Power Business is expecting to ramp up its electrical drive systems over the coming months.

Fuel cell developer and electrochemical technology company, Ceres Power Holdings plc, reported strong half year results to December 31, 2019 with revenues and other income up 33.6% to GBP11m, reflecting strong progress on major contracts with Doosan, Bosch, Weichai and Miura Co.

Donaldson Company Inc, the Minneapolis-based filtration specialist, has received a binding offer from Nelson Global Products Inc to purchase its Exhaust and Emissions business.

Japanese commercial vehicle manufacturer, Hino Motors Ltd, has entered a capital and business alliance with local logistics consulting services firm, Trancom Co Ltd, with a view to optimising transportation networks in the country.

Jardine Cycle & Carriage Ltd, a conglomerate with significant vehicle distribution operations in the region, has proposed to buy out the minority shareholders of its Malaysian vehicle dealer group, Cycle & Carriage Bintang Bhd and take the company private.

A specialist in the manufacture of interiors for buses and trains of more than 30 years, Ellamp SpA, has changed ownership in a management buyout involving CEO, Ing. Massimo Ottino and his partners, which includes the original founder (1987) and president, Franco Oblatore.

UD Trucks Corporation (a wholly owned subsidiary of the Volvo Group since 2007), has joined forces with Japanese logistics firm, Nippon Express, and Hokkaido-based agriculture cooperative, Hokuren, to bring autonomous driving technology to farm equipment.

Tipping trailer and tipper body specialist, Weightlifter Bodies Ltd together with PPG Fabrications Ltd have been acquired by a newly-formed company, Grange Cross Ltd of Hull.