medium-duty

Lightning eMotors is going public via the SPAC GigCapital3 (NYSE: GIK). The deal values Lightning eMotors at $650 million. The new company will trade on the NYSE as "ZEV" when the deal is completed in the first half of 2021. About Lightning eMotors: Operating in the U.S. commercial medium...

Mack Trucks is spending $13 million to convert a former comic book publishing plant in Virginia to make medium-duty trucks in a bid to muscle its way back into the market after a two-decade absence. "It's traditionally a pretty steady 90,000 to 100,000 trucks year over year in the U.S. and Canada...