Giorgio Zino is set to lead commercial operations in Europe, Danilo Fetzner in Latin America, Gauthier Ricord in Africa and the Middle East and Marco Franza in the Asia Pacific. Stéphane Espinasse has been appointed to lead Sales and Market Development of global operations.

Didier Pfleger is promoted to the position of Executive Chairman from his former role as CEO, and Petr Novotný, who led the company’s Components & Bus Mobility division, succeeds Pfleger as CEO.

The British startup manufacturer of electric trucks has issued a repudiation of ElectraMeccanica’s allegations and has announced its intention to take legal action.

Modine's German subsidiaries are specialists in the manufacture of exhaust gas recirculation coolers, radiators, and charge air cooler modules for automotives power by internal combustion.

In May 2023, Sono Motors announced that it had filed for a protective shield proceeding with the Munich Local Court when the business became insolvent.

Phillips says the restructure will encourage greater collaboration and cohesiveness across the company.

The German components manufacturer will sell the business to investment firm Admetos as part of a strategic move away from internal combustion engines.

The company will undergo a series of actions and emerge as a privately owned company, delisting from the public stock exchange in order to have a firmer financial base. Stefan Pierer, an Austrian investor and CEO of Pierer Mobility (a motorcycle manufacturer) will become Leoni’s sole shareholder.

Traton has signed a framework agreement with its parent company, Volkswagen, which outlines the terms for selling and transferring the rights to provide financial services for MAN and Volkswagen Truck & Bus to Traton Financial Services.

The Randon Group has changed its name as it transitions to being a global company with increasing focus on digital technology and financial services.

Plans by BorgWarner to spin off the Fuel Systems and Aftermarket segments were first announced in December 2022 under its “Charging Forward” strategy.

This moves comes on the back of a major repower bus order in the Capital and to combat competition primarily coming from Chinese OEMs.