Effective 1 February 2022, the name change reflects the company's renewed focus on passenger cars and vans sold under the Mercedes-Benz brand.

The new unit, headed by David Johansson, will have greater autonomy than before and will focus its efforts on e-mobility and the commercial vehicle sector.

Traton Financial Services, which will be led by Johan Haeggman, has been established in response to a growing demand for more complex and costly product solutions.

The Terberg Group subsidiary returns to the name it formerly had before its merger with the Ros Roca Environment group of companies in 2016.

Wilhelm Rehm, head of the new division in an interview with Truck & Bus Builder explains the strategy behind the move. Wilhelm Rehm, head of the new division in an interview with Truck & Bus Builder explains the strategy behind the move.

Iveco Group N.V. has begun trading on the Euronext Milan exchange, as of January 3rd, 2022.

Daimler Truck has begun trading as a separate entity to Daimler after it listed on the Frankfurt Stock Exchange.

The German automotive corporation will spin off its various truck and bus brands into a separate company, which will be focused solely on the commercial vehicle industry.

Component and mobility systems manufacturer, ZF Group, reported a strong recovery in sales during the first six months of 2021, generating revenues of EUR19.3bn compared with EUR13.5bn in January to June 2020, which was significantly impacted by the Covid-19 pandemic.

The ZF Group of Friedrichshafen, is to restructure its commercial vehicle operations by combining its Commercial Vehicle Technology and Commercial Vehicle Control Systems divisions from January 1, 2022, into one.

Electric vehicle builder, Lightning eMotors, formerly headquartered in Loveland, Colorado has combined its business operations with Private-to-Public Equity (PPE) technology company, GigCapital3 Inc of Palo Alto, California to become listed on the New York Stock Exchange (NYSE).

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.