EV maker Workhorse seeks funding, cuts 20% of staff
Commercial electric truck manufacturer Workhorse has cut 20% of its staff and is working to shore up funding to maintain operations amid...
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Biden delivers road map to electrify long-haul trucking routes
The Biden administration is rolling out its plan for deploying electric vehicle charging and hydrogen fueling infrastructure on the nation’s freight...
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Equipment rental acquisitions rise as megaprojects strengthen rental demand
Equipment rental companies continue turning to the mergers and acquisitions market to keep up with strong demand amid national and...
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Analysts expect 16% decline in Class 8 vehicle production this year
The commercial Class 8 trucking market is expected to see production further decline this year as the industry copes with...
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Toro Company Red Iron originations down 37% in Q1
Outdoor power equipment manufacturer The Toro Company saw a decline in financing originations for its finance joint venture in the...
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Lenders talk tech adoption
Equipment lenders have been adopting new technologies at a significantly higher rate in the past four years, both at small-...
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Trinity Capital equipment finance portfolio up 37%
Capital market financing firm Trinity Capital increased its equipment finance portfolio outstandings in 2023 as it experienced record portfolio growth. ...
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Ares’ Ansley Park to target ‘less-served’ equipment businesses
Ansley Park Capital, the newly launched specialty finance arm of investment management firm Ares Management, will prioritize lending to companies...
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