Manufacturing Commercial Vehicles used Busworld Europe in Brussels, Belgium last month to present its latest coach, the E6, with which it intends to export to Europe and the Middle East.

Volvo Group Venture Capital AB has invested an undisclosed sum in Next Gear Ventures of Tel Aviv, Israel – a venture capital fund sourcing start-ups for interaction with global transport industry companies.

Temsa SA, the bus, coach and light truck manufacturer, is seeking to expand its business area into Israel.

Eberspächer Climate Control Systems GmbH has begun forging stronger relationships with Chinese electric bus manufacturers.

Saudi Arabia Basic Industries Corporation, global manufacturer of petrochemicals, fertilisers, industrial polymers and metals, headquartered in Riyad, has taken a majority stake in Black Diamond Structures LLC, a nanotechnology company from Austin, Texas, established in 2014.

Seoul-based Hyundai Motor Company (HMC) and Global Group of Algeria have signed an agreement to produce Hyundai’s commercial vehicles in Algeria as Hyundai continues to expand its commercial vehicle business around the world.