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Volvo Group and Isuzu Motors sign final agreements to form strategic alliance; cooperation on EVs included

Green Car Congress

The Volvo Group and Isuzu Motors signed binding agreements to form a strategic alliance within commercial vehicles in order to capture the opportunities in the ongoing industry transformation, in accordance with the Memorandum of Understanding signed in December 2019. Isuzu Motors is one of the world-leaders in the segment of 3.5

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Volvo Group and Isuzu Motors intend to form strategic alliance; Volvo to transfer UD Trucks to Isuzu

Green Car Congress

The Volvo Group and Isuzu Motors signed a non-binding Memorandum of Understanding with the intent to form a strategic alliance within commercial vehicles in order to capture the opportunities in the ongoing transformation of the industry. The enterprise value for the complete UD Trucks business is JPY 250 billion (US$2.2

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ABI Research projects worldwide commercial EV market to surpass US$680B by 2027

Green Car Congress

This market valuation refers to the total industry-wide global revenues derived from all commercials EVs sold yearly. OEMs such as Daimler, Volvo, Ford, Navistar, Toyota, Hyundai, Nikola, BYD, Hino, and Isuzu have recently been rolling out new EV and ZEV truck models. billion in 2020 to more than US$682 billion by 2030.

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Tesla Model Y becomes Australia’s best-selling electric car in 2023

Teslarati

Following the Hi-Lux were the Isuzu D-Max, Toyota Rav4, and the MG ZS, which sold 31,202, 29,627, and 29,258 units, respectively. For context, Australia’s best-selling vehicle in 2023 was the Ford Ranger, with sales of 63,356 units. The Ranger is followed by the Toyota Hi-Lux, which sold 61,111.

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Pinnacle Engines appoints Asian Business Advisory Board; closes Series C financing

Green Car Congress

Pinnacle Engines, developer of a highly efficient 4-stroke, spark-ignited (SI), opposed-piston, sleeve-valve architecture engine ( earlier post ), has appointed five industry leaders to its newly formed Asian Business Advisory Board. Phil also held leadership positions at Chrysler and Isuzu and most recently was the CEO of Coda Automotive.

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Sandia Labs forms Spray Combustion Consortium to improve engine design

Green Car Congress

Sandia National Laboratories has formed an industry-funded Spray Combustion Consortium to better understand fuel injection by developing modeling tools. Renault; Convergent Science; Cummins; Hino Motors; Isuzu; and Ford Motor Co. Control of fuel sprays is key to the development of clean, affordable fuel-efficient engines.

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Torotrak and Univance enter cooperation and license agreement for variator components and assemblies

Green Car Congress

Gearless traction drive company Torotrak PLC has signed a cooperation and licence agreement with Univance Corporation, a leading developer and manufacturer of passenger and industrial vehicle transmission units and other automotive parts headquartered in Japan. Canada); Aichi Machine Industry Co.,Ltd.; Fuji Heavy Industries Ltd.;

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