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.”

The British startup manufacturer of electric trucks has issued a repudiation of ElectraMeccanica’s allegations and has announced its intention to take legal action.

On 8 October, the United Auto Workers announced that its members voted to reject an agreement between the union and Mack Trucks.

The American manufacturer also stated its intention to “explore all legal recourse available” in connection with Tevva’s alleged breaches of the agreement.

A Reuters report yesterday announced that the Swedish-based electric vehicle startup has decided to file for bankruptcy in its home country.

Mullen is suing brokers such as the Charles Schwab Corporation and its subsidiary TD Ameritrade, National Financial Services, and others whom it alleges conspired to manipulate the share price of Mullen on the NASDAQ.

The agreement is with two Chinese vehicle manufacturers.

The company will undergo a series of actions and emerge as a privately owned company, delisting from the public stock exchange in order to have a firmer financial base. Stefan Pierer, an Austrian investor and CEO of Pierer Mobility (a motorcycle manufacturer) will become Leoni’s sole shareholder.

Now a joint venture called ‘Gaussin Macnica Mobility’ (GMM), Navya has received its first customer order since the liquidation of its assets.