Workhorse shareholders back management’s new stock gambit

Workhorse Group now has the financial flexibility to issue new stock and raise capital for the scaling of its electric truck makeover.

The Cincinnati-based company came very close to approval after counting 49.68% favorable proxies earlier in the week. On Friday, Workhorse said it had received more than required the 50% of outstanding shares to raise the authorized share count to 450 million shares from 200 million.

“We appreciate the support of our stockholders, which will enable us to fund...

https://www.freightwaves.com/news/workhorse-shareholders-back-managements-new-stock-gambit

Freightliner eM2 completes Daimler Truck EV commercial vehicle lineup

ANAHEIM, Calif. — A year after starting regular production of its Class 8 Freightliner eCascadia battery-electric truck, Daimler Truck North America will build the eM2 medium-duty model this fall. It plans for utility bucket trucks and other vocational applications after starting with straight trucks.

The launch of the Class 6 eM2 was delayed by supply chain disruptions. But DTNA applied much of what it learned from the second-generation eCascadia daycab. That sometimes meant operating from 5...

https://www.freightwaves.com/news/freightliner-em2-completes-daimler-truck-ev-commercial-vehicle-lineup

Cummins’ B6.7 engine to power new Isuzu Class 6, 7 trucks

Isuzu's Shaun Skinner speaks at Work Truck Show

Isuzu Commercial Truck of America said its 2022 F-Series trucks will come equipped with the Cummins (NYSE: CMI) B6.7 diesel engine for the U.S. and Canadian markets. The combined truck and engine package is the first product globally from the Isuzu Cummins Powertrain Partnership (ICPP).

The B6.7, which has been produced by Cummins for nearly 40 years, allows Isuzu to expand into Class 7. Combined with a recent announcement of the start of production of its Class 5 gas engine models, the new...

https://s29755.pcdn.co/news/cummins-b67-engine-to-power-new-isuzu-class-6-7-trucks