The Volvo Group and Isuzu Motors Ltd have signed a non-binding Memorandum of Understanding with the intent to form a strategic alliance concerning commercial vehicles.

At a capital markets day held in mid-November, executives at Daimler AG announced radical restructuring to transition the company to a carbon neutral future.

Knorr-Bremse GmbH, global braking systems provider and supplier of other subsystems for rail and commercial vehicles has signed an agreement to sell its Powertech business unit to Munich-based Radial Capital Partners. 

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.