The slower-than-expected transition to electric vehicles is one of the main factors behind the decision to restructure the business, though Northvolt’s CEO and co-founder, Peter Carlsson, said, “there remains no question that the global transition towards electrification — and the long-term outlook for cell manufacturers, including Northvolt — is strong”.

The company cut 300 jobs in the U.S. and Canada amid financial pressure as it seeks profitability. The cuts came in the manufacturing and administrative segments of the business.

The funding will cover both the purchase of electric buses and the installation of necessary charging infrastructure. Each school bus can receive up to USD 470,000 in grants, which includes up to USD 95,000 for charging infrastructure.

In this new management role, Oh will be tasked with leading the enterprise digital and information technology department at the company.

Founded in 2020, Volt Mobility provides long-term secured leases for commercial electric vehicles, from last-mile delivery vans to long haulage trucks, to clients in the Persian Gulf region.

This expands the company's national presence by leveraging VTC’s extensive dealership network. The partnership allows VTC to enhance its vocational truck offerings while supporting sales, service, and parts for Battle Motors’ products nationwide​.

Schmitt will oversee the company sales, commercial operations, dealerships, service, and marketing.

Volvo NA will take over CVG’s ‘Cab Structures’ business, including its assembly plant in Kings Mountain, North Carolina – which is where CVG assembles medium- and heavy-duty cabs for Mack Trucks – for approximately USD40m.

Customers can now order the Paccar TX-12 and ‘TX-12 PRO’ automated transmissions with the ‘Paccar PX-9’ engine for Peterbilt Models 548, 537, and 536.

The companies have successfully completed field tests of the new Cummins X15N 15-litre natural gas engine in combination with Allison’s 4000 Series fully automatic transmission. The results showed significant improvements in fuel efficiency, engine braking, and power during shifting, making the combination ideal for heavy-duty operations.

The projects cover five topic areas, including components for hydrogen fuelling of medium- and heavy-duty vehicles, and standardised hydrogen refuelling stations.

Sourcewell is a U.S. government agency which handles procurement on behalf of more than 50,000 participating entities.