The company is set to supply BAE Systems with its Forsee Zen Plus battery system to equip BAE’s Gen3 powertrain on a class 7 demonstration truck. The batteries will be produced at Forsee’s new manufacturing facility in Columbus, Ohio, beginning in Q1 2024.

The Board of Directors has approved the decision to repurchase USD 20 million of its common stock through a “stock repurchase program”.

Beginning in 2025, Forvia will supply its Type IV hydrogen storage systems for medium-duty commercial trucks in the North American market.

Jill Greene is appointed as the Executive Vice-President, Group General Counsel and Board Secretary whilst MA Chuan has been appointed Executive Vice-President of China. Both will report directly to CEO, Patrick Koller.

As the new Chief Technical and Operations Officer, Joel Theut will lead all operations relating to the company’s supply chain, R&D and innovation, bringing over 30 years of international automotive experience in product development, business development and project management.

Tasked with stabilising the company’s finances, Meyer brings more than 20 years of experience in international finance.

Isuzu and four other partners include Mitsubishi Corporation, Kanagawa Chuo Kotsu Company, Aisan Technology Company and A-Drive Inc.

Isuzu to source batteries for its electric trucks from LGES.

The plant, which is located in an industrial suburb of Chennai (called Oragadam), will produce various electrical components for CV chassis and, in the near future, air compressors for light- and medium-duty vehicles.

‘ZF [pro]Service’ is a new aftermarket offering which combines ‘ZF Service Point’, ‘ZF [pro]Tech’ (for CVs) and ‘WABCO Service Partner’.

The ‘Open Platform for Autonomy’ (OPA) is a modular software platform intended to support would-be developers of semi- and fully-autonomous vehicles and subsystems.

Gillig has apparently bought the former Lightning eMotors site in Loveland, Colorado, and it will retain some of the company's engineers in order to turn it into a dedicated electric powertrain technology hub.