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The reorganization affects 150 employees (approximately 10% of Lion's total headcount) in production overhead, manufacturing, product development and administrative functions, both in Canada and the United States.

The investments granted by Yorkville (YA II PN, Ltd.) are expected to enable the company to restructure itself, emerge from its self-administration proceedings that have been ongoing since May 2023. The company managed to "obtain sufficient financing for business operations through at least the end ...

The loan, with an 8-year amortisation profile, will be drawn in full shortly, Iveco Group states, adding that “the resources made available by EIB will enable Iveco Group to develop innovative technologies and architectures in the field of electric propulsion".

The Series-M range was forged during an intensive period of development that pushed the vehicle to the limit in the unforgiving Scottish terrain that inspired the company’s name. Comprehensive feedback was collated during an extensive customer test drive programme. According to Munro, more than 250 ...

The plan is to build a fully integrated vertical production facility, similar to Tesla, for the conversion of diesel buses and trucks as well as the construction of new vehicles, including battery production of up to 20 GWh. About 600 million US dollars will be invested.

Sustainable Truck&Van Magazine, freely available online in its digital version and distributed at the major international exhibitions, starting from the upcoming Solutrans in Lyon, is intended to be a further step in a sustainable journey that will always see us acting as frontrunners. Enjoy your re...