REE Automotive Ltd of Tel Aviv, Israel, an electric ‘skateboard’ chassis builder - which integrates critical vehicle components into the arch of the wheel - and special purpose acquisition company, 10X Capital Venture Acquisition Corporation of New York, USA, are to merge following agreement in January for a business combination that would result in REE Automotive becoming a publicly listed company of the New York NASDAQ.

Plus, a developer of self-driving truck technology, has entered into a definitive business combination agreement with Hennessy Capital Investment Corporation, a publicly traded special purpose acquisition company.

In preparation for its spin-off from Daimler AG and an independent listing on the Frankfurt stock exchange planned for late 2021, Daimler Truck AG has announced the composition of its new Board of Management and a series of significant management and organisational changes, set to take place as of July 1, 2021.

Specialist vehicle design and manufacturing group, Woodall Nicholson Holdings Ltd (WNHL) of Bolton, UK, which builds light- and medium-duty commercial vehicles under various brand names (which include Mellor Bus, Trekka Bus and VCS, see below) has added a fourth division to its group portfolio.

Knorr-Bremse AG, braking systems specialist and supplier of other technologies for rail and commercial vehicle systems, is to meet the challenge of electric mobility by bundling its existing expertise within eCUBATOR, a new development unit.

Daimler AG is looking to spin-off its truck and bus business, which operates currently as Daimler Truck AG.

Fusion Capital Holdings reached an agreement in September to acquire fellow bus manufacturer, Bustech Pty Ltd with Fusion taking control of both companies.

Volvo Energy, is the name of a new business area within the Volvo Group in Gothenburg, which aims to strengthen the business life cycle of batteries as well as benefitting the customer by using ‘used batteries’ as a way of charging infrastructure.

Navistar International Corporation plans to sell its engine R&D testing facility and former engine manufacturing plant at Melrose Park in Illinois to a developer by the end of 2021 for redevelopment into a state-of-the-art industrial business park.

BrightDrop is the name of a new business division of General Motors Corporation through which it plans to offer an integrated ecosystem of electric products, software, and services for first to last mile operations.

The trailer manufacturing business of the Cartwright Group is unlikely to reappear from administration with debts exceeding GBP50m.

Ford Brasil Ltda, on Saturday, October 31, 2020, announced the completion of the sale of the São Bernardo do Campo plant to Construtora São José, a company specializing in logistics projects, and FRAM Capital, a company with extensive experience in resource management.