“Paccar reported record annual revenues and profitability in 2018 and has achieved an impressive 80 consecutive years of net income,” said Ron Armstrong, chief executive officer of Paccar Inc, truck builder under the Peterbilt, Kenworth and DAF Trucks brands.

Volkswagen AG and Ford Motor Company have reached formal agreements relating to broad alliances designed to boost competitiveness and serve customers better.

SAF-Holland GmbH has acquired a majority interest in PressureGuard LLC, a US specialist in automatic tyre pressure management.

Tenneco Inc has acquired Swedish specialist suspension system manufacturer, Ohlins Racing AB.

Tenneco Inc, which concluded its purchase of automotive component supplier, Federal-Mogul LLC, in October 2018, plans to separate its businesses to form two new, independent companies; an Aftermarket and Ride Performance company and a new Powertrain Technology company.

Motor Coach Industries (MCI), a US subsidiary of NFI Group Inc has delivered its first 2019 specification J3500 coach model to Tuscaloosa Charter Service ahead of the vehicle's public launch in January 2019.

Daimler Trucks North America Inc delivered the first vehicle from its Freightliner Electric Innovation Fleet – a Freightliner eM2 – to Penske Truck Leasing last month (December 2018).

BAE Systems HybriDrive Propulsion Systems, which has sales and application facilities in the UK and a manufacturing plant in Endicott, reached a delivery milestone in November of 10,000 electric drive systems, as part of an order from Toronto Transit Commission.

School bus builder, Blue Bird Corporation, has reported revenues for fiscal year ending September 29, 2018 of USD1.025bn, an increase of USD34.4m or an increase of 3.5% compared with USD990.6m during the prior fiscal year.

New Flyer of America Inc and New Flyer Industries Canada ULC, subsidiaries of NFI Group Inc, have formed New Flyer Infrastructure Solutions, a new subsidiary dedicated to providing safe, reliable, smart, and sustainable charging infra-structure and other mobility solutions. 

Meritor Inc has announced its involvement in 22 electrification programmes with global OEMs and expects to put at least 130 fully-electric medium- and heavy-duty commercial trucks on the road in the next two years (2020).

ARBOC Specialty Vehicles LLC, a subsidiary of Canada’s NFI Group Inc, has announced its Spirit of Equess medium-duty bus has successfully completed the FTA Altoona Model Bus Testing endurance programme.