The company has invested GBP 700,000 in a new automated curtain strapping machine for producing max height curtains. The company said the investment offers improved efficiency and vastly increased throughput with the machine able to produce 32 pairs of curtains per day.

A year ago in 2023, Blue Energy Motors raised USD10m for investing in gas truck manufacture.

NFI says that the contract follows on from an authorisation by the NJ Transit board in November 2023 to purchase up to 1,300 new buses (including firm orders of 550 units) in order to renew its fleet.

The order is for an 11-ton e-truck - the second generation of which is undergoing testing and should be ready for production by the end of the year.

ReSolve Advisory Ltd has been appointed as administrator as the company searches for interested partners and investors.

At the end of 2023, MAN recorded a 51.2% decrease in greenhouse gas emissions from its global footprint of offices and factories compared to a baseline measured in 2019.

Allison has invested USD 10 million in fellow American VC firm, EnerTech Capital, which focus on helping develop companies that specialise in mobility technologies. A strategic move by Allison, which aims to leverage these technologies (electrification, connectivity, autonomy and digitalisation) and integrate them into its own business.