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Joint Venture

Daimler Truck, Volvo Group Form Fuel Cell Joint Venture

In a bold move, Daimler Truck AG and the Volvo Group agreed to join forces in an effort to speed up the development, establishment and acceptance of fuel cell vehicles – at a time when much of the focus on electric trucks among legacy truck makers has been on battery-electric solutions.

Michelin, Sumitomo Strike Commercial Tire Deal

Michelin North America Inc. and Sumitomo Corporation of Americas (SCOA) have agreed to combine their respective North American replacement tire distribution and related service operations in a 50-50 joint venture.

Smith EV Returns with Chinese Funding

Smith Electric Vehicles is returning to the U.S market after it announced an agreement to form a joint venture with Hong Kong-based FDG Electric Vehicles.