Volvo Group has announced investment of USD33m during a groundbreaking ceremony by Volvo Trucks North America at one of its main production sites in Hagerstown, Maryland.
Knorr-Bremse recently celebrated the official start of production of its Recirculating Ball (RCB) Integral Power Steering (IPS) at its new plant in Chachoengsao, east of Bangkok, Thailand.
Hübner GmbH & Co KG (Hübner Group) of Kassel Germany has acquired Dutch electro-hydraulic chassis steering specialist, V.S.E. Vehicle Systems Engineering B.V. of Veenendaal, Netherlands, for an undisclosed sum from Weber-Hydraulik Group, which has owned VSE since 2014.
Maxion Wheels will work together with early-stage investor Plug and Play Tech Center and its programme, Startup Autobahn, which is designed to guide and support start-up tech companies.