Sophie Tricaud, Director of Communication and Public Affairs at Forsee Power in response to T&BB confirmed that building works in Ohio is now complete and that the production lines were being installed, with series production scheduled to start in Q3 2024.

The project encompasses the deployment of several electric BYD yard tractors equipped with Wave wireless charging (inductive) technology set to be deployed at the customer's distribution centre in Salt Lake City in Q1 2024.

The Board of Directors has approved the decision to repurchase USD 60 million of its common stock over the next 24 months (two years). The transaction will be funded by the company’s cash reserves.

The Board of Directors has approved the decision to repurchase USD 20 million of its common stock through a “stock repurchase program”.

Beginning in 2025, Forvia will supply its Type IV hydrogen storage systems for medium-duty commercial trucks in the North American market.

Tully is Co-Founder and Vice Chair of Earthrise Energy, an energy company based in the USA.

The ‘Open Platform for Autonomy’ (OPA) is a modular software platform intended to support would-be developers of semi- and fully-autonomous vehicles and subsystems.

Gillig has apparently bought the former Lightning eMotors site in Loveland, Colorado, and it will retain some of the company's engineers in order to turn it into a dedicated electric powertrain technology hub. 

The new headquarters and production facility represent an investment of more than USD37m.

LaFontaine Automotive Group will set up and manage two dealerships for Bollinger Motors in the state of Michigan: one in Lansing and the other in Farmington Hills.

ENC bus manufacturing at Riverside will wind down by the end of fiscal year 2024, once outstanding commitments to customers have been fulfilled.

Cummins is offering its remaining stake (80.5%) in Atmus to its shareholders, who have the option of exchanging Cummins common stock for shares in Atmus (at a 7% discount).