Sigma Powertrain's flagship product is the EMAX, an electric drive system for electric vehicles in classes 6-8, as well as offroad vehicles and heavy equipment. It incorporates a transmission based on a patented design which uses no hydraulics.

The investment will go into preparing the plant for production of its next-generation internal combustion engine (ICE) for full-size light-duty trucks.

This new model is Mitsubishi's sixth-generation Triton pickup truck - it is, however, the first full-model changeover in eight years, with the current model first being launched in 2015.

The merger with ElectraMeccanica, which is expected to complete in the fourth quarter of this year, is being made with the view of combining industrial assets on both sides of the Atlantic and scaling up electric vehicle production for the European and North American markets. 

It is believed that a defective component was responsible for a coolant leak which led to a truck fire at Nikola headquarters on 23 June, according to the findings of a third party investigation.

The company has signed a framework agreement with Norwegian food retailer, ASKO, to build fast-charging infrastructure for its electric trucks at its 13 logistics depots in various parts of Norway.

The agreement is with two Chinese vehicle manufacturers.

The CV market in China continued to recover in June 2023, with sales rebounding by more than 26% from weak year-earlier sales, according to wholesale data released by the China Association of Automobile Manufacturers (CAAM). As we report this news, August 9, saw many leading newspapers around the world announce that the Chinese economy, the second largest in the world, had dipped into deflation, as the economy slowed.

Peru, like other main countries of South American saw commercial vehicles sales decrease in the first six months of 2023 and by 11.0% to 8,220 units compared with 9,240 units sold in the same period of 2022.

Iveco confirmed its leadership in the Argentine heavy commercial vehicle market, both by brand, displacing Mercedes-Benz, and by model, with the Tector 170E truck.

A Report from the 2023 Renault Trucks UK media event. Carlos Rodrigues (Managing Director of Renault Trucks UK and Ireland) gave the keynote speech where he said that the company had been consistently growing its market share in the UK and Ireland market over the last 5 years.

According to AEADE of Quito, 8,167 units were sold in the first half of 2023, surpassing the 7,413 vehicles registered in the same period last year.