COACH AMERICA FILES FOR CHAPTER 11
Published at 24.01.2012 in Company news, International developments
Coach America Holdings Inc. announced the company and its subsidiaries have filed a voluntary petition for Chapter 11 reorganization in the U.S. Bankruptcy Court for the District of Delaware. This decision was made with a focus on reducing its debt and advancing the best interests of the company and its stakeholders.
UK GOVERNMENT LAUNCHES PROJECT TO EVALUATE HYDROGEN FUEL CELL ELECTRIC VEHICLES
Published at 22.01.2012 in International developments, Environment
UK Business Minister, Mark Prisk, has announced a project to ensure the country is well positioned for the commercial roll-out of hydrogen fuel cell electric vehicles (HFCEVs). In order to improve local air quality in cities, reduce carbon emissions and meet the UK Government’s carbon reduction targets, the new program, ‘UKH2Mobility’, will evaluate the potential for hydrogen as a fuel for Ultra Low Carbon Vehicles in the UK, before developing an action plan for an anticipated roll-out to consumers in 2014/15.
Chinese school bus makers split on safety draft
BEIJING - Opinions were divided among school bus manufacturers at a national conference over proposed standards for the buses, with some complaining that a newly released draft of standards sets the bar too high.
BREDAMENARINIBUS TO BE SOLD
Published at 13.12.2011 in Company news, International developments
According to press reports, Italian aerospace and defence group, Finmeccanica, is to sell its bus building subsidiary, BredaMenarinibus, next year. The company produces the Vivacity, Avancity, Lander intercity coach, Zeus electric minibus and the M240 EI hybrid. Turkish commercial vehicle builder, Karsan, which is now only building light- and nedium-weight vehicles, has been named as the possible new owner of the business.
HUGE INVESTMENT IN INTELLIGENT TRANSPORTATION PREDICTED
Published at 11.12.2011 in Infrastructure, International developments
Four key smart transportation sectors – traffic management systems; public transportation systems; smart charging for plug-in electric vehicles; and vehicle-to-vehicle systems – are set for a huge investment over the next five years. According to a report by Pike Research, there will be a global investment across these four areas of $13.2billion with annual spending to increase from just under $770million in 2011 to almost $3billion in 2017.
