Industry News: December 2020

The latest news from around the industry

Volvo Group and Daimler Truck AG enter new joint venture
The Volvo Group and Daimler Truck AG have a signed binding agreement for a joint venture to develop, produce and commercialize fuel-cell systems for use in heavy-duty trucks as the primary focus, in addition to other applications. The ambition of both partners is to help take a step toward climate-neutral and sustainable transportation by 2050. The Volvo Group will acquire 50% of the partnership interests in Daimler Truck Fuel Cell GmbH & Co. KG for approximately $7 million on a cash and debt-free basis. Closing of the transaction is expected during the first half of 2021, subject to merger control review by relevant authorities, as well as other approvals.

Jeff Keeling
Jeff Keeling

Brokk names new sales and marketing manager
Brokk named Jeff Keeling North American sales and marketing manager. In his new role, Keeling is responsible for growing the Brokk brand in key segments across the U.S. and Canada, including demolition, processing and mining. He previously served as Brokk’s business development manager for North America.

J&J Truck Bodies names new sales manager
J&J Truck Bodies & Trailers, a division of Somerset Welding & Steel, announced the appointment of Michael Schweitzer as sales manager for the Mid-Atlantic Region. Schweitzer has two decades of sales experience in the truck industry, having worked for Navistar and Rush Enterprises in the Midwest and South.

Michael Schweitzer
Michael Schweitzer


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