Key Developments: AMP Holding Inc (AMPD.OB)
0.40USD
24 May 2013
$0.03 (+7.10%)
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Latest Key Developments (Source: Significant Developments)
AMP Holding Inc's Amp Trucks, Inc Enters Into Agreement to Acquire Assets of Workhorse Brand From Navistar International Affiliate
AMP Holding Inc announced that through a newly formed subsidiary, Amp Trucks, Inc., has entered into a definitive agreement to acquire the Workhorse brand, logo, IP, patents, and assembly plant from Workhorse Custom Chassis, LLC, a wholly owned affiliate of Navistar International Corporation. The parties expect to close the acquisition on or about March 13, 2013. Terms of the transaction were not disclosed. Full Article
AMP Holding Inc And Momentum Dynamics Sign Joint Venture to Deploy Electric Paratransit Vehicles With BARTA
AMP Holding Inc and Momentum Dynamics Corporation, is in wireless high-power electronics jointly announced initial testing of an all-electric step van for Berks Area Regional Transportation Authority (BARTA). This is the first step of a development agreement between AMP and Momentum for the BARTA project. BARTA and its Board of Directors has approved a purchasing agreement ordering two electric vehicles from AMP. As AMP is converting existing fleet BARTA vehicles, the project allows BARTA the efficiencies of recycling older vehicles. This AMP conversion business model provides a great deal of flexibility to fleets, and the AMP electric fleet conversion process has been well-received by private, municipal, state and federal vehicle managers alike. Full Article
AMP Holding Inc Announces President Change-Form 8-K
AMP Holding Inc reported in its Form 8-K that on August 24, 2012, Martin J. Rucidlo was engaged by AMP Holding Inc. (Company) to serve as the President of the Company. Mr. Rucidlo will replace Stephen S. Burns who resigned as President. Mr. Burns will continue to serve as a director as well as Chief Executive Officer (CEO), Secretary and Treasurer of the Company. Full Article
AMP Holding Inc Announces Chief Financial Officer Change-Form 8-K
AMP Holding Inc reported in its Form 8-K that on May 16, 2012, Paul V. Gonzales resigned as the Chief Financial Officer (CFO)of AMP Holding Inc. (Company) to pursue other interests. Richard Calme was appointed by the Company to serve as the Interim Chief Financial Officer. Full Article
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