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Einride divests design organization, now acquired by Navisalma Design

The divestment was done through a business transfer at fair market value, based on an independent third-party valuation. Einride will retain a minority ownership stake in the company and has signed a three-year retainer agreement with Navisalma Design to provide for the Einride’s brand, design, and ...
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Petit Forestier to get €150 million finance contract from EIB

With these new vehicles built on European chassis frames, 5% of Petit Forestier Group's fleet will be electric. The project will thus contribute to the gradual electrification of road transport and urban distribution in Europe. "Accelerating the deployment of 4 000 vehicles over the 2026-2029 period...
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DAF celebrates 60 years of truck production in Westerlo, Belgium

DAF Trucks Vlaanderen started its activity in 1966, in Westerlo, with the production of truck cabs has grown into an ultramodern factory for both cabs and axles. Today, the axles and cabs of the newest DAF electric truck range are also produced in Westerlo.
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UK, Britishvolt and Glencore will cooperate to enhance battery recycling

Once complete, the plant will be Glencore and Britishvolt’s first battery recycling facility in the UK with an expected processing capacity of a minimum of 10,000 tonnes of lithium-ion batteries per year, including but not limited to valuable battery manufacturing scrap, portable electronics batteri...
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Daimler AG renamed Mercedes-Benz Group AG. Focus on vans and passenger cars

«The Mercedes star has always been a promise for the future. Changing the present in order to improve it. We want to continue this legacy of our founders by taking the lead in electric mobility and vehicle software», stated Ola Kallenius, Chairman of the Board of Management of Mercedes-Benz Group AG...
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Jonas Rickberg is the new Scania CFO 

Rickberg, who is currently Vice President Finance and Business Control, Sales and Marketing at Scania, succeeds Johan Haeggman, Scania’s CFO since 2015. Haeggman assumes the role as head of TRATON Financial Services, a dedicate captive financial services branch within the TRATON GROUP.
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Volta Trucks, Steve Dichter is the new Chief Strategy Officer

«Volta Trucks recognises that creating exceptional products requires exceptional capabilities and culture. The scale of Volta Trucks’ ambition, as well as its clear people focus in terms of safety and sustainability, resonates with my personal values and beliefs, so this opportunity was a natural fi...
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Heinz-Jürgen Löw is the new Senior Vice President of Renault Brand LCV

Heinz-Jürgen Löw is about to replace Mark Sutcliffe, who leaves the company to pursue personal projects. «I am very happy to join Renault Group and to participate actively in the implementation of the Renaulution strategic plan. I am confident in our ability to master the future and to foster a pred...
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MAN invests 130 million euro on the expansion of Polish plant in Krakow

«The expansion of the plant is a key building block in our transformation. Our changes to the production network will make us significantly more competitive in these challenging times. In Krakow, we are creating an extremely flexible and variable site, which will allow us to manufacture everything f...
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