The company cut 150 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.

Vicinity made its presence known to the APTA visitors by displaying the Vicinity Lightning featuring Exro’s ‘two speed’ inverter and announced two new Level 4 AD trial projects.

Administrators from professional services firm Alvarez & Marsal sold the UK business and assets to a new entity, ‘Volta Commercial Vehicles Ltd’, supported by a hedge fund of Luxor Capital Group.

Ross takes over the role of President from Lee C Banks, who will retire at the end of 2023 after 32 years at the company.

Parent group Stellantis North America released details of its model year 2025 ‘Ram’ pickup trucks, including a more powerful Ram 1500 and a new hybrid option. 

Development work on the solid-state batteries will take place at the new facility in Fullerton, which covers 122,000 square feet.

Using a camera and visual analysis powered by artificial intelligence, Nauto’s technology can detect drowsiness or inattention in drivers and alert them.

In 1923, founders Harry Kent and Edgar Worthington incorporated the Gersix Motor Company as Kenworth, the company has manufactured over 1.3 million trucks to date.

Hyzon announced plans for a two-vehicle commercial trial with New Zealand’s largest truck operator, the TR Group, beginning in March 2024. Hyzon will power two FCEVs, fitted with its single-stack 200kW fuel cell system which will be deployed for three months.

Albert Burleigh has been named VP of Alternative Fuels and Dr Jeff Van Assche, VP of Purchasing.

According to the terms of the asset purchase agreement between the two companies, Phoenix Motor will acquire the ‘Proterra Transit’ business assets for a sum of USD10m.

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.