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.

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.