An investment group, led by Canadian real-estate tycoon Vincent Chiara, submitted this bid. This comes after the Board has been actively seeking capital in order to restructure the business.

The order represents 5 megawatts (MW) of total rated power and comes at a welcome time as the company has delayed hydrogen infrastructure development due to the slower-than-expected adoption of fuel cell technology.

Geotab’s CV Show presence underscored its expanding UK ambitions and its role at the forefront of connected fleet innovation.

For Geotab, this partnership marks a significant milestone in expanding its footprint within the UK rental and leasing sector, through the promise of delivering innovative telematics solutions that drive operational efficiency for fleets.

The Aldergrove Star reports that FTI Consulting, which was appointed as the company’s receiver and manager last year, decided against selling the assets en masse, following ten responses to a public invitation for purchase offers.

The company claims that these two features mark a shift away from reactive to proactive strategies that improve safety as well as lower vehicle downtime.

He succeeds Chan Galbato, who has stepped down from the chairmanship to “pursue other opportunities”.

Tasman model to be rolled out globally from 2025 with 90,000 target sales in North America.

In the next several years, Siemens will establish a “Global AI Manufacturing Technologies Research and Development Center for Battery Production” which will initially focus on electric vehicle battery production.

Annual revenue declined by 32% from 2023 figures (USD 102.368 million) to USD 69.731 million. The net loss in 2024 (USD 324.245 million) almost doubled from 2023 (USD 177.716 million).

Workhorse’s step vans will be installed with telematics hardware and integrated with the ‘MyGeotab’ platform.

All new battery electric ‘CE Series’ school buses will now come with two features: “Illuminated School Bus Signs” and “Fully Illuminated Stop Arms”, referring to the school bus sign above the windscreen and the extendable arm on the left-hand side, respectively.