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Stellantis Pro One (NYSE: STLA) and IVECO (EXM: IVG), which designs, makes and markets light, medium and heavy commercial vehicles, today announced the signing of agreements for the supply of two all-electric Light Commercial Vehicles (LCVs) to IVECO* for the European market. They will be based on the Stellantis Pro One mid-size and large-van all-electric platforms, ranging from 2.8 to 4.25 tons Gross Vehicle Weight (GVW).
“We are excited to add two innovative and versatile battery electric vans to our Light Commercial Vehicle line-up, boosting our competitiveness in the van segment. By choosing to partner with Stellantis Pro One, we are leveraging the extensive know-how and strong presence in Italy and Europe that historically tie our companies. I am confident that this winning collaboration will benefit our European customers, in particular for the success of their last-mile logistics businesses,” said Luca Sra, President, Truck Business Unit, Iveco Group. Continue reading →
Wheel Lockup Recalls on Cadillacs and Camaros
General Motors (NYSE: GM) is recalling more than 2019-2020 Cadillac CT6, 2020-2021 CT4 and CT5, and 2020-2022 model year Chevrolet Camaro vehicles equipped with a 10-speed transmission. The transmission may become damaged internally cause the wheels to lock-up. Drivers may notice harsh shifting.
“A transmission control valve in some of these vehicles may be susceptible to excess wear over time, resulting in a gradual loss of pressure within the valve that can cause harsh shifting. In rare cases, the wheels may experience a momentary lock up,” GM said in the mandatory safety defect recall filing made public this morning by the National Highway Traffic Safety Administration. Continue reading →