Indianapolis-based Allison Transmission Holdings, in two separate deals announced Tuesday, has acquired the electric vehicle systems division of Troy, Mich.-based AxleTech International and London-based Vantage Power Ltd. for a combined $132 million dollars.
Roger Nielsen, president and CEO of Daimler Trucks North America (DTNA), declared battery-electric vehicles as the solution to achieve emissions-free commercial transportation in North America.
Horizon Global’s board of directors has unanimously approved an amendment to its amended and restated certificate of incorporation to immediately declassify its board structure.
Jayco has announced that Derald Bontrager, president and CEO of Jayco and its divisions, will be stepping back into managing the day-to-day operations.
