Navistar International Corp.’s stockholders approved the truck maker’s acquisition by Germany-based truck and bus maker Traton.
The Goodyear Tire & Rubber Co. has entered into an agreement to acquire Cooper Tire & Rubber Co. in a deal valued at about $2.8 billion. The transaction is expected to close in the second half of 2021.
UPS is selling its UPS Freight less-than-truckload division to TFI International Inc. for $800 million.
Stellantis, the merger between Fiat Chrysler Automobiles and Groupe PSA, will “embrace electrification, connectivity, autonomous driving, and shared ownership,” the company said.
Clarience Technologies has acquired Ecco Safety Group, a manufacturer of audible warning equipment and emergency lighting for commercial and emergency vehicles.
Nuro, an autonomous technology company that specializes in small-item, urban deliveries, has acquired autonomous truck development company Ike.
Autonomous technology developer Aurora, which just bought Uber's self-driving vehicle business, says its first market-ready product will be an autonomous truck.
XPO Logistics plans to pursue a spin-off of 100% of its global logistics segment as a separate publicly traded company.
J.B. Hunt is further expanding its final-mile business with the purchase of Mass Movement, which specializes in logistics and delivery for the commercial fitness industry.
Traton and Navistar have officially entered into a definitive merger agreement after announcing that the companies had reached an agreement for Traton to buy out the remaining shares in Navistar on October 16.