The Peruvian market for heavy commercial vehicles from 6 ton and above closed 2018 with the sales of 17,392 vehicles, an increase of 4% compared with 16,613 units in 2017, according to the Automotive Association of Peru.

F-Max, the name of the new tractor unit from Ford Otomotiv Sanayi A.Ş. is to go on sale in countries in Western Europe in 2020.

Carbuss Industria Catarinense de Carrocerías Ltda which operates under the Busscar brand name, is targeting both domestic and export markets in order to ramp up production and sales in 2019.

Private equity firm, The Blackstone Group L.P. of New York has agreed terms to acquire a 32% stake in steering and drive line system forging components maker, Sona BLW Precision Forgings Ltd from JM Financial Services Ltd of Mumbai for USD300m.

Irizar Group has confirmed its entry into the electric truck market following its first public showing of the Irizar ie truck at the Sustainable Urban Mobility Congress, which was held in Bilbao on February 22-23.

Following the EU decision to regulate CO2 emissions from heavy-duty vehicles on February 18, Volvo Trucks Corporation says that while it is continuing to invest heavily in more climate-friendly transport solutions, additional measures are needed to stimulate demand for vehicles with low CO2 emissions.

Kögel Trailer GmbH has announced plans to add ‘Rail’ and ‘Mega’ trailer versions of its KTA range.

Renault Pro+ Commercial Vehicles Ltd, a division of Renault UK Ltd, has announced availability of two new products for its Master van platforms.

Mitsubishi Fuso Truck and Bus Corporation, a Daimler company, has relocated its corporate headquarters to the newly constructed Product Centre on the site of its main production facility in Kawasaki City.

The South Korean government is actively promoting the use of hydrogen as a new source of economic and manufacturing growth for the country.

Freudenberg Sealing Technologies has acquired a majority stake in XALT Energy, a global developer and manufacturer of lithium-ion technology targeted at heavy-duty mobility applications.

Stoneridge Inc has entered a strategic partnership with Velociti Inc, a provider of technology deployment and support services based in Riverside.