Battery-powered and fuel cell heavy-duty truck builder, Nikola Corporation, has announced plans to join together with a publicly-traded special purpose acquisition company, VectoIQ Acquisition Corporation, to create a company focused on the development of next generation smart transportation.

Container chassis producer, CIE Manufacturing Inc, which officially changed its name in late January this year from CIMC Intermodal Equipment Inc, says it is transitioning from an assembly operation of container chassis imported from China for the north American market to full scale manufacturing production in the United States this year.

General Motors Company says  it plans to withdraw from several markets in Asia-Pacific and Oceania to focus on its most profitable global markets.

The board of directors of SAF-HOLLAND S.A., decided in December to prepare a change to the legal form of the company into a European Company and for the subsequent transfer of the registered office of the company to Germany.

Daimler Buses has announced it is restructuring its touring coach business in the USA and Canada.

Ingersoll Rand plc, headquartered in Swords, has introduced a new thermo control holding company under the name of Trane Technologies plc, alongside a new strategy and executive leadership team.

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.