Tag: Trucking News

Damon Motors to Showcase HyperDrive and HyperSport EV Platforms at Petersen Automotive Museum’s “Electric Revolutionaries” Exhibit

New display features over 25 unique custom electric motorcycles guest curated by Motor/Cycle Arts Foundation Co-Founder Paul d’Orleans LOS ANGELES–(BUSINESS WIRE)–Damon Motors today announced it will showcase its innovation as part of Petersen Automotive Museum’s “Electric Revolutionaries” exhibit in Los Angeles, California. The exhibit is “an exclusive look at the groundbreaking creations of the visionaries […]

MidCap Business Credit launches new Equipment Finance Business, Increases Credit Facility with Wells Fargo Capital Finance

WEST HARTFORD, Conn.–(BUSINESS WIRE)–MidCap Business Credit increased its senior credit facility with Wells Fargo Capital Finance to $200 million. This upsize will enable MidCap to support the growth of its existing asset-based lending business and support the launch of its equipment finance vertical, MidCap Equipment Finance, which will focus on providing equipment leases and loans […]

Volta Launches PredictEV® Fleet Product to Accelerate Transition of Commercial Fleets to Electric Vehicles

Multi-year agreement in place with Southern Company to create comprehensive and efficient fleet electrification strategies SAN FRANCISCO–(BUSINESS WIRE)–Volta Inc. (NYSE: VLTA), an industry-leading electric vehicle (“EV”) charging network powering vehicles and commerce, today announced the launch of PredictEV® Fleet, the second product within its suite of machine learning and artificial intelligence (“AI”) solutions for infrastructure […]

Wabtec’s Fort Worth Plant Celebrates its 5,000th Mining Wheel Delivery

FORT WORTH, Texas–(BUSINESS WIRE)–Wabtec (NYSE: WAB) celebrated the 5,000th mining drive system wheel built at its plant in Fort Worth, TX. The milestone highlights the commercial success of the mining wheel for heavy-haul mining trucks, which set the standard for reliable and fuel-efficient performance in the mining industry. “In a decade, this team helped start […]

Wallbox Enters First Phase of Build-out For Its U.S. EV Charger Manufacturing Facility

Texas-based Facility to Further Support Domestic Sustainability and Infrastructure Goals MOUNTAIN VIEW, Calif. & ARLINGTON, Texas–(BUSINESS WIRE)–Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced the commencement of construction at its Arlington manufacturing facility, the company’s first U.S.-based EV charger manufacturing facility. The 130,000 square-foot high-tech plant […]

Eaton Names Marco Martini President, Vehicle Group, Europe, Middle East and Africa

GALESBURG, Mich.–(BUSINESS WIRE)–#autosupplier–Power management company Eaton today announced Marco Martini has been named president, Vehicle Group, Europe, Middle East and Africa (EMEA). Martini will be responsible for leading all business growth and operational activities in the EMEA region. He will continue to be located in Torino, Italy. “Marco’s diverse background and broad leadership experience make […]