The plant of Freudenberg-NOK Components Brazil Ltda, a Freudenberg Group company, based in Diadema, São Paulo is to close.

Daimler Financial Services AG is to begin operating under the name Daimler Mobility AG and is to provide broader range of services, including financing, leasing, insurance and fleet management, for the entire Daimler Group.

Mahle Group is adding a new business unit, Mechatronics, for electronics and mechatronics, indicating a strategic orientation toward alternative powertrain technologies.

Mitsubishi Fuso Truck and Bus Corporation said it has completed its investment in the Campus Plus project, which was first launched in 2017 to bring all headquarter functions together in a main “Product Centre” building at its Kawasaki Plant.

The Board of Management of Volkswagen AG, together with approval from the Supervisory Board, has resumed the process of going ahead with the planned IPO of Traton SE.

Daimler AG's proposed restructuring has been approved by a majority of its shareholders.

Priden Engineering Ltd, which is now part of the TVS group alongside SB Components (International) Ltd (Wisbech) and McPhee Mixers McPhee Bros Ltd, recently opened a new five bay purpose-built manufacturing unit in Wisbech for bulk tipping trailers.

Jacobs Vehicle Systems, a manufacturer of diesel and natural gas engine retarding systems and valve actuation mechanisms, has launched a compression release engine brake for Hino Motor’s all-new 2020 Hino XL Series Truck, which is to go into series production later this year.

In its centenary year in Brazil, Ford Brasil Ltda surprised the market in February by announcing it is to close its factory in São Bernardo do Campo where it produces the Ford F-Series models and Ford Cargo truck, as well as the Ford Fiesta car; production is expected to cease as soon as inventories run out, the company stated.

The National Company Law Tribunal has given its approval to Ashok Leyland Ltd to proceed with the restructuring of its business to incorporate the three former LCV business units that were held previously as joint ventures with Nissan Motors Ltd.

Ford Motor Company, under a comprehensive redesign of its global business structure, has announced it plans to exit the commercial heavy truck business in South America.

DRiV Incorporated is the name of the future publicly traded Aftermarket and Ride Performance company due to launch in the second half of 2019, following Tenneco Inc’s acquisition of Federal Mogul Corporation in October 2018 and its decision to separate into two independent companies.