The sale is still pending regulatory approval and is expected to close by Q1 2025. This is part of Goodyear’s plan to cut costs by streamlining its business operations.

The company will use the funds to add automation capabilities to the production lines by introducing robots. This will increase the production capacity of its Zielona Góra factory, in order to meet the growing demand for EV chargers in Europe.

Two battery packs were introduced under the new CATL Tianxing brand name.

This will create a network of green hydrogen production facilities for various purposes (international shipping, trucking etc). This aligns with California’s plans to cut CO2 emissions by two million tonnes annually and reach carbon neutrality by 2045.

Now, in an attempt to plug the hole in the budget sheet by producing more buses and therefore fulfilling orders, the company is re-introducing the use of contract manufacturing through assembly partners in China to aid the main factory in Deurne.

The company was previously occupying a shared facility with Mercedes-Benz Passenger Cars. The new premises was already home to Daimler Truck UK’s parts logistics centre with a 140,000-square-foot warehouse. 

Volvo states that this offering is tailored specifically for the Brazilian market and aligns it with its commitment to reducing carbon emissions in the transportation sector.

2023 saw the company planned to invest USD 530 million in the development of hydrogen technologies to create a complete hydrogen value chain from the production, distribution (storage tanks), consumption (hydrogen engines) and management (telematics) of green hydrogen at scale.

Hyundai has announced it is expanding its hydrogen truck business in the US through a partnership with California-based non-profit organisation Centre for Transportation and the Environment (CTE).

The company will be bringing its electric minibus (the 6-metre e-Jest) to British consumers. Karsan is actively holding meetings with various local dealers and distributors.

With 100,000 gas vehicles in operation worldwide, Hexagon Agility sees substantial growth in NG trucks at EPA 2027.

ZF India is implementing its 2021 REFRESH INDIA strategy, which focuses on offering next generation mobility solutions through the combination of the   ZF technologies, as well as new emerging ACE technologies - Autonomous, Connected and Electrification.