Shyft Group to become part of Swiss firm
NOVI–The specialty vehicle manufacturer and upfitter Shyft Group Inc. (NASDAQ: SHYF) announced that its shareholders had approved a merger with Aebi Schmidt Group, with 81 percent of shares voting in …
Shyft Group headquarters to move to Switzerland after ‘merger’
NOVI—The Shyft Group Inc. (Nasdaq: SHYF) announced a “merger” with Frauenfeld, Switzerland-based Aebi Schmidt Group under which Shyft shareholders will own 48 percent of the combined company, and the company’s …
Shyft Group CFO announces departure
NOVI–The Novi-based specialty vehicle manufacturer Shyft Group Inc. (NASDAQ: SHYF) announced that Jon Douyard has resigned as Chief Financial Officer to pursue another professional opportunity outside the industry. He will …
Shyft Group releases 2024 sustainability report.
NOVI–The Novi-based specialty vehicle manufacturer Shyft Group Inc. (NASDAQ: SHYF) announced the release of its 2024 Sustainability Report, “Focusing Forward, Sustainably.” The report outlines strategic efforts in reducing emissions, improving …
Shyft Group announces leadership transition plan
NOVI–The Shyft Group Inc. (NASDAQ: SHYF), the specialty vehicle manufacturer, assembler and upfitter for the commercial, retail, and service specialty vehicle markets, announced that its board and president and CEO …
Shyft Group reports big increase in refrigerated grocery delivery truck orders
NOVI—The past year has transformed the way people get their groceries, and one of the beneficiaries is Utilimaster, a brand of Novi-based The Shyft Group (NASDAQ: SHYF). Company officials say …
Shyft Group sales, profits jump
NOVI—Shyft Group Inc., the specialty vehicle manufacturer, reported net income of $16 million or 44 cents a share in the second quarter ended June 30, up from a loss of …
Shyft Group swings back to profit despite lower sales
NOVI—The specialty vehicle manufacturer Shyft Group Inc. announced net income of $7.6 million or 21 cents a share in the fourth quarter ended Dec. 31, compared to a loss of …
Shyft Group adds two new directors
NOVI—Officials at Shyft Group Inc. (Nasdaq: SHYF), formerly Spartan Motors, announced the addition of Terri Pizzuto and Mark Rourke to the company’s board of directors. Shyft is a manufacturer of …
Shyft Group profits nearly double
NOVI—The Shyft Group Inc. (NASDAQ: SHYF), the manufacturer of specialty vehicles and vehicle upfits formerly known as Spartan Motors, reported net income of $18.8 million or 53 cents a share, …