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

The manufacturer announced it is taking cost-cutting measures to reduce its outgoings to under USD400m by 2024, including layoffs of approximately 270 workers at multiple sites.

The new distribution centre replaces the existing facility in Atsugi City, Kanagawa Prefecture, which had been the company’s main parts distribution hub since it was first opened in 1978.

The decision was reportedly motivated by the weak profitability of the Plattsburgh, New York operations over several years.

This is just one of many recent acquisitions by Borgwarner in the electromobility sector.

T&BB spoke to Lind, who is Senior Vice President and Head of Bus and Coach at Scania, at the UITP Global Public Transport Summit in Barcelona, Spain earlier this month.

Continental has sold its Kaluga plant in Russia to S8 Capital, whilst Michelin has signed an agreement to sell two of its local companies, Michelin Russia Tyre Manufacturing Company and Camso CIS, to Power International Tires, one of Russia’s main tyre distributors.

Bus body production will be gradually wound down in the first quarter of 2024, and the part of the plant where the bodies are made will be closed down.

The German retrofit firm said that the federal government’s funding programmes for commercial electric vehicles, which were launched in 2021 and provide money for retrofitting diesel vehicles, have not made an appreciable impact on customer choices.

Volvo Trucks' says its e-truck sales already exceeds 5,000 units worldwide.

With this growing sector of the business, the aim is to have a dedicated team serving existing customers and growing the mobility business, with projected sales revenue expected to reach EUR 80 billion by 2029.

Inchcape is a London, UK-based distribution company, which already sells Jaguar and Land Rover passenger vehicles in Thailand through separate dealer networks.