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.

The company halted production at its joint venture plant in the Russian city of Ulyanovsk in March 2022.

Over the past several months, the share price of the battery electric vehicle manufacturer has tumbled by 90%, from USD3.25 at the end of March to USD0.32 per share on 13 June. As of writing (25 July), the company’s value stood at USD0.14 per share.

Continental has sold its Kaluga plant in Russia to S8 Capital, whilst Michelin has signed an agreement to sell two of its local companies, Michelin Russia Tyre Manufacturing Company and Camso CIS, to Power International Tires, one of Russia’s main tyre distributors.

Hino plans to establish a Transformation Management Office and appoint a Chief Transformation Officer to “conscientiously and efficiently implement company-wide initiatives including the current reform programme.”