Smith Electric Vehicles has been patiently waiting to go public on Wall Street, and the time might soon arrive. The Kansas City, MO-based maker of electric delivery vehicles supplies trucks to clients such as Coca-Cola, FedEx Corp. and DHL, and filed for its initial public offering in November.
Smith Electric Vehicle
Towing a vehicle, especially one that's powered by batteries and driven by an electric motor, can, if done incorrectly, be destructive. Recently, one of Frito-Lay's electric Smith Newton delivery trucks was towed for a parking violation and, according to Green Car Advisor, was reclaimed by Frito Lay employees who arrived with a flatbed tow truck. Well, as GCA's Robert Calem points out, it's unusual to witness an impounded vehicle towed, rather than driven, off the lot.
Smith Electric Vehicles has scored another win in the UK plug-in vehicle market. The Department of Transport has completed the first phase of a program to help purchase commercial electric vehicles (EV) at prices that are subsidized so that the initial cost is the same for the EVs as for gas or diesel equivalents. This program is open to public sector organizations like the post office and universities. Under this initial phase of the Low Carbon Vehicle Procurement Programme (LCVPP), 70 vehicles
The U.S. will be getting Ford's small, all-electric Transit Connect Electric utility van by the end of this year. Over in Germany, ten units of the larger Transit van will be converted to run on electric power by Smith Electric Vehicles for Ford's colognE-mobil project, which is already underway.
After announcing earlier this year that it would spend over half a billion dollars over the next decade to put 15,000 alternative fuel vehicles into its fleet, AT&T has added its first electric vehicle. The telecommunications giant is one of six big companies adding the Smith Electric Vehicles Newton to their vehicle fleets. This first Newton for AT&T will be put into regular use to evaluate operating costs and performance. Maintenance and repair costs of the electric powertrain (particu
The Focus-based electric car that Ford is developing with Magna for a 2011 introduction is not the only EV program in the company. Early next year, Ford will start testing a fleet of battery-powered Focuses in the UK with funding from a British government program. The Technology Strategy Board announced a total of £25 million for eight projects, including the Ford EV test (we'll have details on the others up soon). Unlike the production-intent program in the U.S., Ford is collaborating wit
Even though the British Tanfield Group that manufactures Smith electric trucks has a product that should be seeing growing demand in a time of record oil prices, the overall economic malaise is hitting the bottom line. Battery powered Smith trucks are used primarily by commercial customers and since those customers are getting hit hard they are cutting back on capital expenditures. That means that although Tanfield's business is still growing, the ramp rate has declined. In addition Smith is hav
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