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.
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.
Navistar has unveiled International TerraStar Class 4/5 commercial truck, which the company says will come with a range of commercial duty features from its commercial-duty MaxxForce 7 V-8 diesel engine to the roomiest cab available.
GMC has unveiled new 2011 Sierra Denali HD, which leads the redesigned lineup of 2011 Sierra 2500HD and 3500HD trucks that are expected to go on sale in early summer.
