Tevva publishes robust response to allegations, reshuffles management
By Bradley Osborne - 30th October 2023
UK / USA – Following ElectraMeccanica’s decision to terminate a merger deal earlier in October, electric truck manufacturer Tevva Motors Ltd of Tilbury, UK has issued a repudiation of the other company’s allegations and has announced its intention to take legal action.
In a response dated 23 October, Tevva stated that it was “deeply disappointed” by the American firm’s “abrupt decision” to pull out of a deal that would have seen the two companies merge into a single entity called ‘Tevva Motors Inc’. Furthermore, Tevva claims that it had no opportunity to respond to ElectraMeccanica’s concerns before the decision was made public.
