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Tag: Shyft Group

Battery Technology / Electric Vehicles / Hybrid Electric Vehicles / Solar Power

Spruce Power exits hybrid, EV business to concentrate on solar power

WIXOM—Spruce Power Holding Corp. (NYSE: SPRU) has announced final plans to exit its legacy business in fleet electric and hybrid vehicle powertrain development to concentrate on solar energy operations. In …

Fleet Vehicles / Manufacturing

Shyft Group’s Utilimaster gets $53M USPS contract

NOVI—Utilimaster, a business unit of Novi’s Shyft Group Inc. (Nasdaq: SHYF) has announced a $53 million contract from the United States Postal Service for 447 Utilimaster truck bodies to be …

Specialty Vehicles

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 …

Earnings / Manufacturing / Specialty Vehicles

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 …

Electric Vehicles / Manufacturing

Shyft Group to build EV work truck bodies

NOVI—DuraMag, a brand of the Shyft Group’s specialty vehicles business unit, will engineer, manufacture, and install vocational body upfits for Boston-based EV Transportation Services Inc. and its FireFly vehicles, making …

Earnings / Manufacturing / Specialty Vehicles

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 …

Manufacturing / Transportation

Shyft gets work on new Isuzu medium-duty trucks

CHARLOTTE—The Builtmore Contract Manufacturing unit of Novi-based Shyft Group Inc. (NASDAQ: SHYF) has been selected to produce additional options in the F- and N-series lineups for Isuzu Commercial Truck, including …

Auto Industry / Manufacturing / Specialty Vehicles

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 …

Earnings / Specialty Vehicles

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, …

K-12 Education / Manufacturing / Skilled Trades / Specialty Vehicles / Workforce Development

Shyft Group goes virtual to meet with students on Manufacturing Day

NOVI–The Novi-based specialty vehicle manufacturer Shyft Group, formerly known as Spartan Motors, plans a live, virtual event for Manufacturing Day this year. Students are welcome to learn about the good-paying, …

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