Freudenberg Sealing Technologies has acquired a majority stake in XALT Energy, a global developer and manufacturer of lithium-ion technology targeted at heavy-duty mobility applications.

Dana Incorporated has completed its acquisition of the privately-owned SME Group.

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.

JTB Hawaii Inc, a tourist travel service provider in the Hawaiian Islands, is purchasing three 40' Proterra Catalyst E2 electric buses and two Proterra 60 kW plug-in chargers.

Allison Transmission Inc is to supply 1000 Series and 2000 Series fully automatic gearboxes for the new Navistar International Class 4/5 vocational truck ranges.

Stoneridge Inc has entered a strategic partnership with Velociti Inc, a provider of technology deployment and support services based in Riverside.

Meritor Inc has developed its Aftermarket product training programme for dealers, distributors, fleets and service garages to include live, instructor-led, interactive distance training.

Allison Transmission Inc has entered a partnership agreement with LHP Telematics to collaborate in development of remote fleet management telematics systems.

New Flyer of America Inc of Crookston, Minnesota, which is a U.S. subsidiary of Winnipeg-based NFI Group Inc, has introduced Connect 360 – a real-time, cloud-based business analytics dashboard for Xcelsior Charge battery-electric buses, operated by New Flyer Connect.

SSAB, the specialist steel producer with interests in Finland and across North America, is to introduce a new addition to its range of  1100 MPa Strenx performance steels at the Bauma event in Munich.

“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.