According to Dr Stefan Hartung, Bosch Chairman, the company has made this acquisition in order to grow its electromobility business by reinforcing its semiconductor supply chain.

Hankook has contracted web service providers Amazon Web Services and Snowflake to build an integrated AI data platform to make more informed decisions based on more reliable data sets aiding product development and increasing manufacturing efficiency, thus enhancing global competitiveness.

Continental has agreed to provide the hardware for future iterations of the Aurora Driving Software (Aurora Driver), starting in 2027, dubbed as a “hardware-as-a-service” business relationship between the two companies.

The dissolution decision follows a meeting of the Hino board on April 26, 2023.

Banco Mercedes-Benz do Brasil (BMB) of São Paulo, has reported record revenues in the history of the division of BRA 19.454 billion (USD 3.67 bn) compared with BRA 14.415 bn (USD 2.72 bn) in 2021, growth of 35%.

Every major fleet operating in California will be given one of two options: either, fleets can commit to purchasing only zero-emission vehicles from 2024 onwards; or, they can agree to comply with a series of “ZEV Milestones”, which will require their fleets to be composed of an increasing proportion of zero-emission vehicles over the next two decades.

Volvo Trucks announced back in late 2021 that it would acquire JMC Heavy Duty Vehicle Co Ltd and its manufacturing facility in Taiyuan, Shanxi from Jiangling Motors Corporation.

Overall, in the first quarter 2023, the CV market in China fell by 3%.

Following trials that lasted 11 years, the Department for Transport announced last week that truck-trailer combinations measuring up to 18.55 metres in length will be permitted on British roads from 31 May, allowing hauliers to carry more goods in fewer trips.

Sales of new commercial vehicle in China rebounded by over 29% to 324,000 units in February 2023 from 250,000 units in the same month of last year, reports CAAM.