ACT News 2017

AM General

Workhorse, Others, AM General for USPS

September 22, 2016 in delivery vehicles, money awarded by Rich Piellisch  |  No Comments

Next Generation Delivery Vehicle Could Be Huge:
‘Half of the Prototypes Will Feature Hybrid and New
Technologies, Including Alternative Fuel Capabilities’

The U.S. Post Office has narrowed the field for its New General Delivery Vehicle procurement to six candidates, all of which now have a year to produce 50 prototype vehicles for evaluation. Hybrid, electric and alternative fuel vehicles are eligible.

Mobility Ventures Lists 50 MV-1 Dealers

February 18, 2014 in Companies, NGVs by Rich Piellisch  |  No Comments

‘Well Established Dealers with a Strong Reputation for Customer Satisfaction’

Mobility Ventures has released an inaugural list of 50 dealers that will sell the MV-1 paratransit vehicle manufactured at the Mishawaka, Ind. plant of its parent, AM General.

Mobility Ventures Boosts MV-1 Team

January 14, 2014 in CNG, Companies by Rich Piellisch  |  No Comments

AM General Unit Names Five, Expects 25% CNG Sales

AM General’s Mobility Ventures unit has bolstered the sales force for the MV-1 paratransit vehicle, adding a new sales and operations director, three U.S. regional specialists, and an international business development and special projects leader.

AM General Buying Idled VPG

September 5, 2013 in Companies, NGVs by Rich Piellisch  |  No Comments

CNG Option for the ADA-Compliant MV-1 to be Retained
As New Company, Mobility Ventures LLC, Will Be Formed

AM General, which manufactured the Vehicle Production Group’s MV-1 in Indiana until VPG shut down earlier this year (F&F, May 9), says it’s buying the business itself, by buying VPG’s U.S. DoE loan. “The agreement creates a path to revitalize VPG,” AM General says. A new company, Mobility Ventures LLC, will acquire the VPG assets.

VPG Fixing PRDs on MV-1s

October 9, 2012 in CNG, NGVs by Rich Piellisch  |  No Comments

Valve Problem Prompts Recall of 2011 and 2012 Vehicles

The Vehicle Production Group is recalling 435 of its compressed natural gas-fueled MV-1 vehicles to install a secondary pressure relief device to prevent fuel leaks.

Azure Dynamics Files for Bankruptcy

March 28, 2012 in Electric Drive, EVs, Hybrids by rich  |  No Comments

item updated late March 29

‘We Can Come Back Stronger’

Citing tight finances, government demands for further information related to a planned stock offering, and a lack of time, Azure Dynamics (Toronto:AZD) gave word March 26 that it’s asked for protection from creditors via the Supreme Court of British Columbia under Canada’s Companies’ Creditors Arrangement Act. Azure said too that it will file “a voluntary petition under Chapter 15 of title 11 of the United States Bankruptcy Code to seek recognition and enforcement in the United States of the Initial Order requested in the CCAA proceedings.”

The stock offering has been be abandoned.

A pure battery electric Transit Connect with drivetrain by Azure Dynamics was among the alt fuel vehicles shown by Ford at this year's Work Truck Show in Indianapolis.

A pure battery electric Transit Connect with drivetrain by Azure Dynamics was among the alt fuel vehicles shown by Ford at this year’s Work Truck Show in Indianapolis.

Azure has laid off approximately 120 of 160 workers and has closed down operations in Michigan, Boston and the UK.

“We had to retreat back to British Columbia,” says marketing VP Mike Elwood, “and begin the process of restructuring.” Azure will do so, he told F&F, with a team of about 30.

“We’re going to be lean,” he says. All of the firm’s core engineers, Elwood adds, have been retained.

Production meanwhile has ceased, including the battery electric Transit Connect by AM General and Balance hybrids by Utilimaster. Other major creditors include Ford, Johnson Controls, and Britain’s Lotus.

Future projects, like the planned development of plug-in hybrid electric versions of Ford trucks, are for now in limbo.

‘We Need to Get the Ship Turned’

“We’re not going to abandon anything, but we need to get the ship turned,” Elwood says.

He insists that he’s optimistic, that Azure’s failure to secure approval for the new stock offering forced a move that might well have been necessary anyway.

“We can come back stronger than we were before,” he says, and “grow the business in proportion to sales.”

“The decision to abandon the offering and commence CCAA proceedings comes after several weeks of formal and informal communications with staff of the Ontario Securities Commission,” Azure CEO Scott Harrison said in a release. Azure said that OSC indicated it would not approve the offering, despite the inclusion of detailed risk factor information in the proposed prospectus language.

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Azure in the UK & Norway

January 2, 2012 in EVs, Fleet Order by rich  |  No Comments

GE Helping UK Fleets Try Battery Transit Van
As RøhneSelmer Targets 400 Units Per Year

Pure battery Transit Connect Electric vans will be tested by fleets via GE Capital in England, where Azure Dynamics produces the vehicles in league with Lotus.

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