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Tata Motors takes over Iveco Group for €3.8 billion

Tata Motors and Iveco Group have announced an agreement that will lead to the creation of a global commercial vehicle manufacturer, with transaction to be concluded by Q2 2026. The transaction, valued at approximately EUR 3.8 billion, involves a voluntary tender offer by Tata Motors for all common s...

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Higer overseas sales revenue increased 70% in 2023

Higer has made public that its bus export volume reached 5,248 units in 2023, with overseas sales revenue exceeding 4.2 billion RMB, up by 70.59% year on year. Higer’s presence in the European electric city bus sector was showcased in October 2023 with the debut of the Higer Fencer F1 at Buswo...

Arrival is on the verge of insolvency, media report

Arrival may be close to bankruptcy. Indeed, this would not be a surprise, as the newcomer has been struggling for quite a long time. The last news we have been reportedly dated back to February 2023 and concerned the UK company announcing 50% reduction of workforce in an effort to cut operating cost...
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