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.

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.

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.

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.

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.