The Traton Group (which is in the process of buying Navistar) announced it is investing $1.9 billion in research and development of e-mobility by 2025, and cutting its investment in traditional drivetrains.
Renschler Named Chairman at Scania
Andreas Renschler, the former head of commercial trucks for Daimler who went to work heading up Volkswagen's commercial truck operations earlier this year, has been appointed as the new chairman of the board of Scania.