Tevva Motors has received a £10m funding injection from India’s Bharat Forge, which it said will boost its global expansion plans and create further jobs at its Chemlsford, Essex plant. The automotive firm, founded by CEO Asher Bennett, makes electric trucks in the 7.5-tonne to 14-tonne range, many of which feature range-extending technology. This combines unlimited range from an on-board generator with smart control software to ensure minimum emissions in low-emission zones and city centres. The company was established just […]
UPS says its takeover of TNT Express is likely to be completed in the fourth quarter. The US firm says it wants to carry out a what it describes as a ‘Phase II review’, as there are “certain areas that require more time to analyse”. This extended review could take up to 25 weeks to complete, which will mean the initial offer period will need to be extended beyond the original deadline of 31 August, and is now expected to […]
UPS has appointed Nando Cesarone (pictured) as president of its Europe region.
UPS is to trial 35 electric trucks across London and Paris, which will be built by UK technology firm Arrival.