In order to achieve this goal, renewable energy projects supplying each of its major facilities will play a key role in providing green energy helping to gradually reduce the company’s carbon footprint.

This new division is the working combination of two formerly independent companies, V.S.E. Vehicle Systems Engineering B.V. (VSE) of Veenendaal, near Utrecht, Netherlands and Hemscheidt Fahrwerktechnik GmbH & Co. KG of Haan, Germany.

The German manufacturer of truck-trailer components acquired the remaining shares of Haldex which it did not already own on 1 March 2023, following an approved cash offer of SEK67.36 per share.

The semiconductors will be used in Dana's silicon-carbide inverters, which enable higher system efficiency and power density for medium and high-voltage inverter applications, resulting in the potential for increased range.

The anti-vibration and air spring specialist said the new brand name better captures all of its business channels including automotive, heavy-duty commercial and off-highway.

Jost JV in Brazil displayed the Jost Bus Link Articulation at Fenatran 2022 in November marking its debut in this components supply segment.

Castertech is developing nano-technology with partners in materials for use in transport applications.

The company has long produced rubber dampers and decouplers and now extends its product offering with viscous dampers in India to serve the LCV and heavy-vehicle segments in India and other world markets.

Dayco is set to invest USD11.5 million in a new manufacturing plant in San Luis Potosi, Mexico, to make drive belts - the new facility is scheduled to open in Q1 of 2024.

Sylvain Blaise, President of the Iveco Group Powertrain Business Unit at IAA said, in launching a range of new powertrain products for the CV industry: "FPT Industrial is ready for the future."

TRAKr, which entered pre-production in June, is already being incorporated into trailer products by Carrier Transicold and Pacton Trailers.

The company has launched a new eGen Power 130S, expanding the company’s eGen Power range of fully electric axles.