The Terberg Business Lease Group, a joint venture formed in mid-2019 between Terberg and mobility services company AutoBinck Group, is being sold to Arval, an automotive leasing firm and division of international banking group BNP Paribas.

The company currently has more than 450 electric terminal tractors operating in trailer and container handling across the country, including more than 40 units in its growing rental fleet.

Ashok Leyland and newly appointed Kenyan distributor to work with KCB Bank of Kenya on providing customers with financial services.

The Swedish EV manufacturer has revealed the location of its first customer operations centre in Paris, France which will deliver the company’s Truck-as-a-Service business model following customer pilots of the Volta Zero truck in mid-2022.

Maxion Wheels has joined the Aluminium Stewardship Initiative (ASI) and ResponsibleSteel, not-for-profit organisations which aim to establish global standards and certification for the sustainable sourcing and production of aluminium and steel respectively.

Toyota, Daihatsu and others are working together to study more efficient ways of sourcing biomass and producing bioethanol for use as a fuel.

The European Automobile Manufacturers’ Association (ACEA) has announced that Sigrid de Vries will assume the position of ACEA Director General on September 1st 2022. In this role, she will manage the association that unites Europe’s 16 major car, truck, van, and bus makers in the EU.

The European Automobile Manufacturers’ Association (ACEA) has released data, collected by Fraunhofer Institute for Systems and Innovation Research, highlighting the need for European states to construct charging infrastructure at high-use truck stops across the continent.

The manufacturer of electric terminal tractors has raised a total of USD35m in investments to support the company’s growth, following an institutional funding round led by venture capital firm S2G Ventures and private investment firm Henry Crown and Company.

An undisclosed sum has been invested in Optibus, a software developer specialising in public transportation management tools for planning workable routes, timetables and rotas.

The corporate venture capital fund of Scania has made an investment in logistics software company Parcelly Ltd for an undisclosed sum.

Allison Transmission Inc, headquartered in Indianapolis, Indiana, has invested in venture capital firm Autotech Ventures, based in Silicon Valley, California.