08:53 AM EDT, 07/12/2024 (MT Newswires) -- Vicinity Motor ( VEV ) said Friday it received certification from the California Air Resources Board for its 2024 VMC 1200 electric truck as a zero-emission vehicle. The certification allows the VMC 1200 to be sold in all US states and also makes the company eligible for California's incentive program for hybrid buses,...

PARIS (Reuters) -Airbus has launched a performance improvement plan including cost cuts and a freeze on overall headcount in its planemaking business, after recent cuts in targets for aircraft production, industry sources said, citing a memo to staff. Code-named LEAD!, the new initiative will urgently tackle an increase in unit costs, which have been accelerating compared to unit revenues, and...

Zapp Electric Vehicles Group Limited ( ZAPP ) shares are trading higher on Friday in the premarket session. The company announced it has entered into a new standby equity purchase agreement with an affiliate of Yorkville Advisors Global. With this augmented backing, Zapp has secured extra financial resources that can be deployed as required to expand commercial operations into more...

08:51 AM EDT, 07/12/2024 (MT Newswires) -- Enovis ( ENOV ) said Friday it has expanded its AltiVate Reverse shoulder implants to include modular, augmented baseplates. The AltiVate Reverse glenoid system received US Food and Drug Administration clearance in May for reverse shoulder arthroplasty, including revisions. Enovis ( ENOV ) said reverse shoulder arthroplasties represent over 60% of the more...