The coaches will serve on Houston’s park-and-ride service routes, connecting the suburbs with the downtown area.

According to the company, the July 2024 temporary delisting from the NASDAQ  and mounting regulatory pressures were key drivers behind its collapse. At the time of filing, Ideanomics reported liabilities of up to USD 500 million.

Shyft expects the combined company will generate between USD20m and USD25m in annual run-rate cost synergies through “cost optimization and operational efficiency gains”.

The product offers a maximum output of 12 kW (240V AC at 50A) per port and supports both single and dual-port configurations.

On December 23, 2024, the company issued a “Worker Adjustment and Retraining Notification (WARN) Act” which notified employees at its Bolingbrook, Illinois, and Troy, Michigan, facilities, of potential layoffs. These notices initiate a 60-day period before workforce reductions take effect, with layoffs expected to be completed by February 2025 if the company cannot secure additional funding.

This acquisition triples Hexagon Agility's mobile service capabilities and extends its service network across the United States and Canada. Services such as field service, technical training, and parts distribution will help reduce vehicle downtime and therefore TCO for Hexagon Agility’s clients.

Built in collaboration with Cojali and based on its Jaltest platform, ACom AE brings advanced diagnostic capabilities tailored to the electronic systems in new modern electric commercial vehicles.

The move marks a USD 30 million investment to produce small and midsize buses, including electric and non-electric models, and aims to double Micro Bird’s production capacity by the end of 2025.

The acquisition supports United Safety & Survivability Corporation’s strategy to broaden its portfolio of safety solutions and enter new markets with Dafo’s advanced fire suppression technologies.

The company has relocated its assembly and installation plant in Fontana, California to Rialto, doubling its production output of advanced clean fuel systems, including lightweight Type 4 composite CNG/RNG cylinders and integrated fuel delivery systems.

Housing over 80,000 different parts, this new distribution centre will help Paccar provide better service to its local dealer network by reducing shipment times thus reducing vehicle downtime.

Field will take over from Michael Pack, who was transferred to the role of President of the company’s Vocational segment in June.