Ross takes over the role of President from Lee C Banks, who will retire at the end of 2023 after 32 years at the company.

Irizar Southern Africa appointed Danie Human as the new General Manager, effective immediately.

Patrick Farbrace will succeed Gareth Lumsdaine as the new Truck Business Line Director of Iveco UK, effective immediately.

Representing an approximate investment of USD600m, the new facility will be developed along “vertical production” principles a la Tesla, meaning that battery and vehicle assembly will take place at the same location.

Albert Burleigh has been named VP of Alternative Fuels and Dr Jeff Van Assche, VP of Purchasing.

According to the terms of the asset purchase agreement between the two companies, Phoenix Motor will acquire the ‘Proterra Transit’ business assets for a sum of USD10m.

YA II PN Ltd, a hedge fund managed by Yorkville Advisors, has agreed to invest an undisclosed sum in Sono Motors in order to keep it solvent until at least the end of 2024.

The market for electric vehicles in North America is currently a very crowded one. In the wake of two crucial U.S. government bills – the Infrastructure Investment and Jobs Act (2021) and the Inflation Reduction Act (2022) – established OEMs and startups are enjoying a boost in interest as grants and tax incentives support the expansion of EV manufacturing, sales, and charging/fuelling infrastructure.

The acquisition, through its US subsidiary Komatsu America Corporation, will allow the Japanese company to develop and produce a full range of battery-powered vehicles and machinery in-house, starting with mining vehicles for the North and South American markets.

This investment is aimed at enhancing its operational efficiency, preparing the facility to accommodate new components such as those for electric vehicles, and increasing physical capacity of the operation by some 50%.

Karsan has signed a distributorship agreement with Damera in the U.S.

This is the largest zero-emission bus fleet in Western Europe, with more than one in nine buses now zero emission. Since 2021, all new buses joining the TfL fleet have been zero-emission.