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

Suspensys's Mexican subsidiary Suspensys Sistemas Automotivos Ltda has moved its Mexican operations to Querétaro, while Castertech opens first warehouse abroad in the same city.

This new division is the working combination of two formerly independent companies, V.S.E. Vehicle Systems Engineering B.V. (VSE) of Veenendaal, near Utrecht, Netherlands and Hemscheidt Fahrwerktechnik GmbH & Co. KG of Haan, Germany.

‘Phillips Innovations’ will have two focuses: sustainable energy technologies, such as solar power and electrification products; and patented camera and other visual perception devices.

Paletar announced she has removed the position of CEO and reshuffled the management following her acquisition of all the company shares.

The anti-vibration and air spring specialist said the new brand name better captures all of its business channels including automotive, heavy-duty commercial and off-highway.

The purpose of the new structure is to centralize operations and improve processes for approximately 350 customers served in the country.

WABCO India, a part of ZF Group’s former Commercial Vehicle Control Systems Division has been officially renamed as ZF Commercial Vehicle Control Systems India Ltd (ZF CVCS India), after ZF’s acquisition of WABCO in May 2020.

V Orlandi SpA is an Italian manufacturer known for its various components for connecting tractor units to semi-trailers. As it happens, so is its parent company SAF-Holland SE, which acquired Orlandi in 2018. Perhaps it should come as no surprise, then, that SAF-Holland is currently merging Orlandi more closely with its own business operations, with the aim of combining them into a single business unit for towing systems.

The Terberg Group subsidiary returns to the name it formerly had before its merger with the Ros Roca Environment group of companies in 2016.