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.

As part of the management plan for its European operations and on-going restructuring of its production, the Wielton Group has announced that last year it bought from the receivers of the Italian Trailer Company, the large factory in Tocco da Casauria, run formerly under Merker trailer name.

CNH Industrial NV is conducting an organisational restructuring aimed at laying the foundation for accelerated global growth and profitability through strengthening and re-focusing its Global Executive Committee (formerly named “Group Executive Council”).

Tenneco Inc, which concluded its purchase of automotive component supplier, Federal-Mogul LLC, in October 2018, plans to separate its businesses to form two new, independent companies; an Aftermarket and Ride Performance company and a new Powertrain Technology company.