Recent Company News

Navistar and Modec complete joint venture agreement – Navistar International and Modec completed their joint venture agreement for the production of Class 2c-3 commercial trucks. The all electric trucks will be produced in Elkhart, Indiana. In 2010 400 of the trucks are expected to be produced. Learn more: Tradingmarkets.com

Northwire introduces charging cable for electric vehicles – Northwire, Inc. announced the availability of CoilBoss Retractile Cords for use in electric and hybrid vehicles. All EV Cable options are available in standard or custom configurations. Customization includes hybrid designs, colors, private labeling and more. Learn more: Northwire.com

GM & SAIC Motor Corp pursuing venture – GM and SAIC Motor Corp, China’s largest automaker, are looking to create a joint venture to sell minivans, mini-trucks and mini cars in the Indian market.  It would be a 50-50 joint venture.  Learn more:  Wheels.unwireindia.com

Smith Electric Vehicles places battery order with Valence Technology – Smith Electric Vehicles placed a $1.4 million order with Valence Technology for batteries to be used in their Newton electric truck being produced in Kansas.  Learn more:  austin.bizjournals.com

Think thinking of Indiana for plant site – Think North America is in negotiations with officials from the state of Indiana and Elkhart County as it tries to decide on where to locate a manufacturing plant.  Besides Indiana, Oregona and Michigan have been on their short list.  Elkhart County is considering ten years of tax abatements to attract the company.  Learn more:  WSBT.com

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