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Commercial Vehicle Services

Financial Services

Ryder to deploy 4,000 BrightDrop vans through new leasing service

USA

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Electric Drive

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Financial Services

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Exhibitions & Conferences

Ryder to deploy 4,000 BrightDrop vans through new leasing service

By Bradley Osborne – 1st June 2023

The logistics firm’s new leasing service is called ‘RyderElectric+’: through it, customers will have access to consultation, vehicles, chargers, telematics, and maintenance for a single subscription fee.

Brazil

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Performance

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Financial Services

Mercedes-Benz’s bank in Brazil reports best year ever

By Jose Secco – 17th May 2023

Banco Mercedes-Benz do Brasil (BMB) of São Paulo, has reported record revenues in the history of the division of BRA 19.454 billion (USD 3.67 bn) compared with BRA 14.415 bn (USD 2.72 bn) in 2021, growth of 35%.

Sweden

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R&D

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Financial Services

Volvo CampX expands innovation focus to include “fintech”

By Bradley Osborne – 26th April 2023

Volvo hopes that advances in this new area of digital innovation will make financial and insurance products “more dynamic and easier to access”.

USA

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Agreement

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Distribution & Aftermarket

REE signs up four U.S. dealers for Class 3-5 electric vehicles

By Bradley Osborne – 2nd April 2023

REE has also entered into an agreement with Mitsubishi HC Capital America, which has committed to provide financing to its North American dealers and to help REE expand its distribution network further.

Volta Trucks opens Truck-as-a-Service hubs in Germany and Spain

Germany

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Spain

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Distribution & Aftermarket

Volta Trucks opens Truck-as-a-Service hubs in Germany and Spain

By Bradley Osborne – 26th March 2023

USA

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Connectivity

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Exhibitions & Conferences

Volvo NA launches new service contract, expands digital tools for truck customers

By Bradley Osborne – 23rd March 2023

For a fixed fee, which can be spread over 60 months and bundled with a vehicle lease, customers are given access to remote diagnostics and programming services which update vehicle software over-the-air and identify potential faults with truck components.

Financial Services

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Bus & Coach

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Investment

GreenCell raises $60+ million financial package to build a further 255 electric buses

By Rajesh Khanna – 11th March 2023

GreenCell contracts the manufacture of the e-buses to PMI Electro Mobility in Haryana.

Brazil

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Policy

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Financial Services

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Electric Drive

São Paulo City signs partnership with Enel X Brasil to finance electric buses

By Jose Secco – 12th February 2023

São Paulo plans to acquire 2,600 new electric buses by the end of 2024.

Germany

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Agreement

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Distribution & Aftermarket

Three partners announced for Quantron-as-a-Service

By Bradley Osborne – 16th November 2022

Quantron has announced partnerships with two Indian companies and one British company, who have agreed to help Quantron develop its vehicle subscription service.

UK

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Electric Drive

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Distribution & Aftermarket

Volta Trucks reveals Truck-as-a-Service hub in Greater London

By Bradley Osborne – 1st November 2022

The 30,000-square-foot Tottenham site will serve as the base for the company’s ‘Truck-as-a-Service’ operations in the London metropolitan area.

Brazil

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Distribution & Aftermarket

Scania opens truck rental company in Brazil

By Jim Gibbins – 1st November 2022

New Scania truck rental services adds to growing portfolio of sales and aftermarket servicing offerings from OEMs in South America.

Brazil

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Joint Venture

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Distribution & Aftermarket

Randon and Gerdau companies announce a JV to offer CV rental services

By Jose Secco – 26th September 2022

Randon companies is to form a new joint venture company with Gerdau to lease trailers in Brazil.

France

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Netherlands

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Mergers & Acquisitions

Terberg Group to sell vehicle leasing joint venture

By Bradley Osborne – 24th September 2022

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.

USA

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Electric Drive

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Financial Services

Orange EV expands rental programme for electric terminal tractors

By Bradley Osborne – 5th September 2022

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.

Kenya

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Financial Services

Ashok Leyland and its Kenyan dealer sign financial services partnership with KCB Bank of Kenya

By Rajesh Khanna – 23rd August 2022

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

France

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Electric Drive

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Distribution & Aftermarket

Volta Trucks unveils first Truck-as-a-Service hub in Paris

By Bradley Osborne – 11th May 2022

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.

USA

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Financial Services

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Agreement

Nikola to offer financial services to customers through ENGS Commercial Finance

By Bradley Osborne – 7th May 2022

Finance will be made available to customers of Nikola's Class 8 electric trucks as well as current and future Nikola dealerships.

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    • Electric Drive
    • Electrical Systems & Components
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    • H2 IC Engines & Components
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    • Hybrid Drive
    • Hydrogen Fuel Cells
    • Interior Components
    • Refrigeration Systems
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