Banco Mercedes-Benz do Brasil (BMB) of São Paulo, has reported record revenues in the history of the division of BRA 19.454 billion (USD 3.67 bn) compared with BRA 14.415 bn (USD 2.72 bn) in 2021, growth of 35%.

Volvo hopes that advances in this new area of digital innovation will make financial and insurance products “more dynamic and easier to access”.

REE has also entered into an agreement with Mitsubishi HC Capital America, which has committed to provide financing to its North American dealers and to help REE expand its distribution network further.

The Volta Truck-as-a-Service Hubs in Duisburg, Germany and Madrid, Spain join two other hubs already opened in France and the UK.

For a fixed fee, which can be spread over 60 months and bundled with a vehicle lease, customers are given access to remote diagnostics and programming services which update vehicle software over-the-air and identify potential faults with truck components.

GreenCell contracts the manufacture of the e-buses to PMI Electro Mobility in Haryana.

São Paulo plans to acquire 2,600 new electric buses by the end of 2024.

Quantron has announced partnerships with two Indian companies and one British company, who have agreed to help Quantron develop its vehicle subscription service.

The 30,000-square-foot Tottenham site will serve as the base for the company’s ‘Truck-as-a-Service’ operations in the London metropolitan area.

New Scania truck rental services adds to growing portfolio of sales and aftermarket servicing offerings from OEMs in South America.

Randon companies is to form a new joint venture company with Gerdau to lease trailers in Brazil.

The Terberg Business Lease Group, a joint venture formed in mid-2019 between Terberg and mobility services company AutoBinck Group, is being sold to Arval, an automotive leasing firm and division of international banking group BNP Paribas.