While the exact financial details of this investment have not been publicly disclosed, it is part of HVS's ongoing efforts to attract outside investment after the company announced last year it was desperately seeking Series B funding as it slimmed down operations of its attribute prototype (AP) build.

The two companies have signed an exclusivity agreement with the deal expected to be finalised by late 2024. This acquisition will enhance JOST's portfolio, particularly in hydraulic systems used in transport, agriculture, and infrastructure industries.

Bernard Krone, Chairman of the Supervisory Board, highlighted Hölscher’s expertise in finance and his understanding of agricultural sector challenges as key assets for the group's development.

This sale is part of Knorr-Bremse's Boost 2026 strategy, aimed at optimising its portfolio and focusing more on its core competencies.

This increases Daimler’s European aftermarket network leading to greater vehicle uptime and therefore profitability for operators.

Siemens has agreed to install 73 charging points in Tuscany and equip over 120 logistics sites with charging infrastructure across Italy, following two deals announced earlier this month.

Claudio Passerini succeeds Domenico Nucera, who transitioned to the newly created role of Chief Quality & Operations Officer at Iveco Group.

While the specific percentage of shares repurchased was not disclosed, ABB E-mobility continues to hold a significant stake in InCharge Energy. This deal gives InCharge more decision-making power over its future business operations.

Broshuis is a family-owned company specialising in the design and manufacture of trailers. The company produces semi-low trailers, low trailers and flat trailers.

Levin (President and CEO of Scania) takes over the function from Harald Seidel, President of DAF Trucks. He will work closely with ACEA President Ola Källenius (Mercedes-Benz Group AG chairman) who is serving in his first term.

Oberwörder succeeds Domenico Nucera, the former President of Iveco Bus. To get more zero-emission buses on the road, Oberwörder will need to bring together policymakers, bus operators, energy suppliers and manufacturers to plot a sensible way forward that not only helps decarbonise the European bus industry but also maintains the competitiveness of European bus OEMs.

The Yutong T75e will come with an energy capacity of either 100 or 132 kilowatt hours, with the latter option providing a range of over 180 miles.