Tanfield Group said that it has received a non-binding, conditional offer from Smith Electric Vehicles US (SEVUS) to acquire the assets of Smith Electric Vehicle division based in the UK, for GBP37m in cash. The board of Tanfield has granted Smith US a four month period of exclusivity.
Electric Motors Corp (EMCO), a developer of electric pick-up trucks and drive systems, has appointed Roger Umbaugh as the new chief financial officer. In his new role, Mr Umbaugh will be responsible for EMC Financial Operations while overseeing investor relations and stock administrations.
Nissan North America (NNA) has unveiled new Nissan NV, the first entry in the company's new Nissan Commercial Vehicle lineup in North America.
Freightliner Custom Chassis Corp (FCCC) has launched all-electric walk-in van (WIV) chassis, which is developed in partnership with Enova Systems, a developer and producer of electric and hybrid-electric drive system technologies, and is built on the FCCC MT-45 WIV chassis platform.
Oshkosh Defense, a division of Oshkosh Corp, has won an order of $10m from the TACOM Life Cycle Management Command (LCMC) to supply 1,400 MRAP All-Terrain Vehicle (M-ATV) kits. The M-ATV kits will support remote weapon systems, which will be controlled from inside the vehicle’s crew capsule.
Navtrak, a provider of GPS-based fleet tracking software, said that it would use Garmin portable navigation devices to provide real-time vehicle tracking and fleet management solutions for companies with mobile workers.
