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Westport to carry on light-duty business divestiture

“This milestone payment reflects continued progress in the post-closing steps of our Light-Duty business divestiture,” commented Elizabeth Owens, Chief Financial Officer at Westport. “While additional payments are expected as the transaction phases are completed, this interim payment strengthens our...
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Latin America, Volkswagen Truck & Bus celebrates the 45th anniversary

Throughout its history, the company has put more than 1,250,000 vehicles into circulation, 196,000 of which are on the road worldwide. "Who is behind these successful figures are approximately 5,500 employees divided between VWTB’s factories and operations in Brazil, Mexico, and Argentina", stated V...
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Let’s get familiar with GIGA (Green Industrial Grids Association)

The association has been created "to support a fundamental transformation of Europe’s power system by accelerating the development of modern and digital electricity grids". GIGA’s members include Amazon, Electra, Fastned, Google, Hitachi Energy, Linde, Meta, Metlen, Milence, Microsoft and Siemens En...
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Volta Trucks close to get €40 million venture debt funding from EIB

The funding from the EIB would support the roll out of Volta Trucks’ Truck as a Service (TaaS) infrastructure over the period 2023-2026. The aim of the European Investment Bank’s funding support for Volta Trucks is to contribute to the electrification of the road transport sector, by facilitating el...
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Daimler Truck and Siemens join forces on digital engineering platform

Such an environment brings together and integrates the Daimler Truck teams’ workflows, systems and their associated mechanical design, electrical design and simulation data. This expands upon Daimler Truck’s use of solutions from across the Siemens Xcelerator portfolio, including NX software for pro...
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Parker Meeks appointed Hyzon Motors CEO

“Hyzon has a bright future, and I am privileged to take the permanent helm and put my decades of experience to work in a new way,” said Parker Meeks, CEO of Hyzon Motors. “Pairing our proprietary technology with operational excellence will position our company to help lead the global clean energy tr...
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