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 […]
Transport secretary Patrick McLoughlin MP has opened a biomethane refuelling station at UPS’s Tamworth hub.
UPS has become the official logistics and shipping sponsor for Ferrari.
UPS has announced it has the funding in place for the acquisition of TNT Express, which was announced on 19 March. The US parcels giant will finance the deal by using €3.7bn of cash from its balance sheet and around €1.46bn via existing credit facilities. Totalling €5.16bn, the original deal reached between UPS and TNT Express was for an all-cash offer of €9.50 per ordinary share for the takeover of the Dutch business. In line with Dutch regulatory requirements, UPS […]