Once valued at GBP 200 million (2022), the company has blamed UK Prime Minister Rishi Sunak for pushing back the ban on ICE vehicles. Lunaz has ceased operations of its commercial unit ahead of a restructuring, with plans to revive its passenger car repowering business in the near future.

The 149 e-buses, which had been removed pending investigation of a fire, are being after a detailed report was sent to RATP in Paris explaining the main cause of the fire and the actions being taken to rectify the problem. The Bollore Group attributed the fire to “the assembly of an electronic component which caused a short-circuit between the cells making up the battery packs.“

Gillig has apparently bought the former Lightning eMotors site in Loveland, Colorado, and it will retain some of the company's engineers in order to turn it into a dedicated electric powertrain technology hub. 

In a ruling dated 1 February 2024, the CJEU concurred with the 2022 ruling of the General Court and dismissed Scania’s appeal, meaning that the manufacturer has finally lost its case against the EUR880m fine first handed down in 2017.

The company says it will focus on commercialising its ‘Solar Bus Kit’, which (despite the name) is intended for trucks and trailers as well as buses.

Nikola claims that the nominees were put forward by an entity controlled by company founder Trevor Milton, who was sentenced late last year on one count of securities fraud and two counts of wire fraud while acting as Executive Chairman of Nikola.

T&BB has been in contact with the accounting firm, Ernst & Young (EY) who is handling the administration process.

Valued at GBP 9 billion just three years ago, it has been a tumultuous time for the OEM, whose shares were delisted from the Nasdaq stock market on January 30, 2024, due to non-compliance. With 400 jobs at risk, the business will now look to sell off any and every asset it can, in order to pay back its creditors.

Arrival confirmed that it had received a stock trading suspension notice from the Nasdaq Stock Market LLC on January 26. The news sent the company’s share price down 15% on Monday the 29th of January with trading completely suspended on January 30, 2024.

YA II PN Ltd, a hedge fund managed by Yorkville Advisors, has agreed to invest an undisclosed sum in Sono Motors in order to keep it solvent until at least the end of 2024.

According to a Reuters report, 93% of 3,900 union members working at Mack Trucks voted to accept the deal.

In a statement dated 29 November, Tevva announced that both parties have “mutually determined that it is in their best interests to privately and amicably resolve any legal disputes concerning the merger agreement.”