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Westport to carry on light-duty business divestiture

“This milestone payment reflects continued progress in the post-closing steps of our Light-Duty business divestiture,” commented Elizabeth Owens, Chief Financial Officer at Westport. “While additional payments are expected as the transaction phases are completed, this interim payment strengthens our...
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Latin America, Volkswagen Truck & Bus celebrates the 45th anniversary

Throughout its history, the company has put more than 1,250,000 vehicles into circulation, 196,000 of which are on the road worldwide. "Who is behind these successful figures are approximately 5,500 employees divided between VWTB’s factories and operations in Brazil, Mexico, and Argentina", stated V...
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Let’s get familiar with GIGA (Green Industrial Grids Association)

The association has been created "to support a fundamental transformation of Europe’s power system by accelerating the development of modern and digital electricity grids". GIGA’s members include Amazon, Electra, Fastned, Google, Hitachi Energy, Linde, Meta, Metlen, Milence, Microsoft and Siemens En...
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Audi makes its move into e-mobility. No more cars with ICE engine by 2033

Speaking at Berlin Climate Conference, Markus Duesmann, Audi’s CEO, has recently spoken about the future plans of the major car manufacturer. He stated that, starting in 2026, Audi will only launch new all-electric models on the global market. In addition, Audi will phase out production of the last ...

The new Volkswagen Multivan T7 has a plug-in hybrid drive system

The T7, new generation of the iconic Volkswagen Multivan makes a significant step forward towards electrical mobility with the plug-in hybrid system, in view of possible fully electric and autonomous breakouts (for the former, it seems we’ll have to wait at least another year).

Gerrit Marx is the designated CEO of CNH On-Highway Business

The new On-Highway business will include the following group’s brands and their respective activities: IVECO (heavy, medium and light commercial vehicles), IVECO ASTRA focused on heavy- duty trucks, IVECO BUS and Heuliez Bus, Magirus (firefighting vehicles), Iveco Defence Vehicles, Iveco Capital and...

Acquisition completed. Akasol is now part of BorgWarner group

By taking over Akasol, BorgWarner has the target of increasing its presence in the e-mobility field and further strengthening its market position for battery systems. As a matter of fact, the US-based group is a primary player in the production of drivetrain components for the automotive industry.
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