The Board of Directors has approved the decision to repurchase USD 20 million of its common stock through a “stock repurchase program”.

Volvo says there is a burgeoning market in China for its heavy truck models, particularly in the premium segment.

Isuzu to invest THB32bn (USD900m) in its Thai operations over the next five years as it looks to step up its transition to zero-emission vehicles.

Cummins is offering its remaining stake (80.5%) in Atmus to its shareholders, who have the option of exchanging Cummins common stock for shares in Atmus (at a 7% discount).

This acquisition strengthens Hitachi’s (Hitachi Energy’s Grid-eMotion division**) position in the electric mobility sector by expanding its product portfolio and production capacity of its electric vehicle charging equipment.

The e-Sys is an electric energy recovery and auxiliary traction system developed exclusively by Randoncorp subsidiaries. The Mexican market, according to Suspensys, on average is 25,000 new semi-trailers per year, and is the second largest in Latin America, behind Brazil.

Knorr-Bremse will retain 15% equity in the company, and has committed to remaining a “strategic partner.” Ultimately, the sale falls under Knorr-Bremse’s Boost program, “a strategic initiative aimed at fostering sustainable and profitable growth through various strategic actions.” One of those actions is streamlining business operations by concentrating on core competencies.

The JV aims to manufacture battery cells for commercial electric vehicles at a 21-gigawatt hour (GWh) factory that is anticipated to cost between USD 2-3 billion and come online in 2027.

The establishment of Krone Norge AS is part of a wider strategic restructuring of the Krone Scandinavian sales network. This subsidiary replaces its previous sales partner, Vogn Service, which has been exclusively importing Korne products into the region since 2008.

Two years’ ago, in 2022, when the PEI Mobility brand was first created, it announced it was diversifying its manufacturing capabilities to design and manufacture complete articulation systems for buses.

The company announced that, given ongoing market pressures and the high cost of transitioning to electric vehicles, as well as a slower-than-anticipated development of the market for autonomous shuttles, it could no longer justify the high upfront investments required to further develop its autonomous shuttle.

Acting as a strategic advisor, Bolloré brings a wealth of industry expertise gained from numerous executive management roles at multiple OEMs.