Tula Technology’s engine controls could clear a major hurdle for trucking companies facing tougher emissions rules.
Suspending electric van production, converting debt to equity and reducing cash burn are among the new CEO’s early moves at the troubled Workhorse Group.
On the heels of a short seller’s takedown, Workhorse halts electric van deliveries and recalls units already in customer hands.
From a COVID outbreak to supply shortages, Workhouse Group has repeatedly missed production targets.
BorgWarner’s acquisitions in electric components and systems position the Tier 1 supplier to grow its electrification revenue to 45% from 3% by 2030.
Second-largest auto supplier merger of 2020 positions BorgWarner for greater role in electrification while completing the breakup of General Motors’ once-vast parts organization.
