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.

EVision is a new service from Isuzu to provide customers with the process of buying an electric vehicle.

The truck – a Peterbilt Model 579 – featured a Cummins ‘X15H’ engine, providing up to 500 horsepower (372 kW) and up to 1,900 lb-ft torque.

The move to acquire Edison Motors is part of KG Mobility’s new parent company’s strategy to expand into the global automotive market, particularly in the fast-growing electric vehicle (EV) segment.

Foton announces expansion plans in Thailand.

The new heavy-duty truck range is the first new product line to be developed jointly since Isuzu completed its USD2.2bn acquisition of UD Trucks from Volvo Trucks in April 2021.

According to Dr Stefan Hartung, Bosch Chairman, the company has made this acquisition in order to grow its electromobility business by reinforcing its semiconductor supply chain.