According to the deal agreed between the two companies, HysetCo will start offering vans, minibuses and chassis cabs made to run on fuel-cell electric power by Hyvia, along with services and fuel.

The tripartite modular design of the new powertrain will allow for new cab-chassis configurations that were not available before, with Mercedes claiming that the new eSprinter will be its “most versatile” electric van of all time.

The USD16m will be spent on expanding and upgrading its manufacturing facilities located in Charlotte, Michigan to allow for the series production of Class 3-5 electric vehicles.

The automotive corporation sold 214,700 large vans in 2022, a 0% change on the year before.

The new terms would alter Renault’s voting rights through its Nissan shares and pave the way for further collaborations in Europe, Latin America, and India.

Ford Motor Company do Brasil Ltda has announced plans to assemble its Transit light commercial vehicle range in neighbouring Uruguay, starting next year.

GAH has a turnover of GBP 27.5 million, a pre-tax operating income of GBP 4.7 million and is valued at GBP 33.0 million at the transaction date.

The BRA14m (USD2.8m) deal, which was first announced last November, was finalised in February this year.

BMB Mode Center Ltda, the vehicle modification specialist for Volkswagen Trucks and Buses, has just completed 18 years of operations, manufacturing some 135,000 custom-built bodies in that timeframe.