He replaces Jonas Rickberg who is leaving the company.

By restructuring the business, Northvolt hopes to raise a total of USD245m in new financing, including USD145m in cash collateral and USD100m of debtor-in-possession finance from an existing customer.

Scania says that, with “Complete Fleet”, it addresses the fact that many operators have mixed fleets of trucks and trailers of different ages and from different manufacturers.

The Swedish manufacturer is adding two new active safety options – one for side collision avoidance and the other for emergency braking – to its heavy-duty truck ranges across all markets.

SKF intends to divide its Industrial and Automotive business segments, allowing them to operate as separate companies.

Testing and validation will take place at Fortescue’s iron ore operations in Christmas Creek, Western Australia.

The Swedish commercial vehicle manufacturer says it produced a new transmissions system on its main assembly line using some remanufactured parts from old gearboxes.

Northvolt says it must reduce its total workforce by 20% and its Swedish workforce in particular by 25% to stay afloat.

The state government of Western Australia, together with the federal government, is committing AUD125m towards the manufacture of buses on the BZL Electric chassis in Perth.

In a press release, the Swedish manufacturer said it would make the frame rails on 12,000 ‘FM’ and ‘FH’ trucks, regardless of driveline, out of low-CO2 steel in 2025.

The slower-than-expected transition to electric vehicles is one of the main factors behind the decision to restructure the business, though Northvolt’s CEO and co-founder, Peter Carlsson, said, “there remains no question that the global transition towards electrification — and the long-term outlook for cell manufacturers, including Northvolt — is strong”.

The new ‘Charging Management’ service is intended to increase fleets’ productivity and uptime and reduce the number of unplanned charging sessions.