The agreement provides Nikola to right to issue and sell up to USD600m of its common stock in aggregate to the New York-based firm.

The government-funded project involves the use of corresponding Wave charging pads installed on the undercarriage of the test vehicle and in the ground.

The new site, run by Fuso-distributor Motor Vehicle Trading Company, is located on a 24,000 square-metre plot in Naur-Madaba, close to the main highways.

The 3.5-4.5 tonne LCV, based on Iveco and Mercedes chassis platforms, is the first such hydrogen-powered vehicle on the market in Europe, according to Quantron.

The Urbino 9 LE electric, which is suited for narrow urban and mountainous routes, will become the smallest model in the Urbino electric line once production of the 8.9m ceases in 2024.

Levin's new position will be merged with his current role as CEO and President of Scania, a Traton subsidiary.

The platform, created in collaboration with PTC Inc, is intended to harmonise research and development across the Volvo Group.

The autonomous driving technology was jointly developed by Aurora and Volvo Autonomous Solutions, and will be integrated with Volvo VNLs at the New River Valley Assembly Operations in Virginia.

The 200-kW powertrain, to be marketed across the world, is developed entirely by Volvo and is suited for single deck and double deck applications.

The Aurora Driver-supported PACCAR truck will carry goods between Dallas and Houston as part of a pilot programme.

VWCO has started delivery of 281 trucks to Mexican brewery company, Grupo Modelo, including 107 Delivery trucks, marking the first order for the range from Mexico.

In Chile, 11,780 trucks were sold from January to September, an increase of 68.3%, while bus sales totaled 1,279, down 38.6%, according to ANAC.