Isuzu is targeting consolidated net sales of JPY2,750bn for the financial year ending in March 2024, while consolidated operating income is forecast at JPY250bn and return on investment (ROI) of 12.5%.

Apollo Tyres Ltd of Gurugram, says it has now entered the truck-bus tyre segment in the USA and Canada and developed tyre range that meets the demand of the North American commercial fleets. It says it has a phased product rollout to cover some 90% of the truck and bus market by 2024.

Electric vehicle builder, Lightning eMotors, formerly headquartered in Loveland, Colorado has combined its business operations with Private-to-Public Equity (PPE) technology company, GigCapital3 Inc of Palo Alto, California to become listed on the New York Stock Exchange (NYSE).

Renault Trucks SAS of Lyon, a Volvo Group subsidiary, is planning to offer electric trucks in each market segment from 2023 – covering distribution, construction and long distance. To support these developments and be able to offer a complete and competitive Renault Trucks range on the market, the company is setting up an organisation dedicated to electric mobility.

Paccar Inc of Bellevue, Washington, coinciding with the launch of the new Paccar TX-8 automatic transmission and updated Paccar PX engines for its new medium-duty truck models, it has announced that all existing Paccar Powertrain components will be rebranded to align with this newest member of the family.

The Volvo Group of Gothenburg, Sweden has completed the previously announced sale of its Japanese truck and bus subsidiary, UD Trucks Ltd of Ageo, Saitama to Isuzu Motors Ltd of Tokyo, Japan for an enterprise value of JPY243bn (approximately SEK19bn / EUR1.86bn) on a cash and debt free basis.

Randon S/A Implementos e Participações has made its first export of platform semi-trailers to Senegal. The deal marks the resumption of export business to the African continent in 2021 for the trailer division and in May, there will be another shipment to Senegal, but this time of tank and tipping trailers.

LIH, a division of Group I. Reidi & Cia Ltda of Cascavel, Paraná State, has bought the operational assets of Guerra S.A. of Caxias do Sul, which had been Brazil’s second largest trailer and body builder, until its bankruptcy in 2017.

Ambev, the largest drinks manufacturer in Brazil, as part of its strategy to reduce its carbon footprint significantly says it plans to convert 102 of its diesel trucks used in city distribution operations to electric drive.

Dana Incorporated has signed a definitive agreement to purchase part of the thermal-management business of Modine Manufacturing Company's automotive segment.

Volvo Trucks Corporation says the time is right for a rapid upswing in electrification of heavy road transport vehicles. This outlook is based on the ability of Volvo’s electric trucks to meet a broad variety of transport needs.

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.