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Oshkosh (OSK) might lack the glam associated with electric vehicle-focused companies, but the specialty truck maker knows which way the wind is blowing. Last Thursday, the company announced it is investing $25 million in Microvast, an EV battery manufacturer. The two have also signed a joint development agreement to advance future battery collaborations, which will see Microvast’s battery solutions used in Oshkosh’s offerings. Oshkosh is no newbie where electric products are concerned; the company has been developing electric solutions for over two decades, starting with the launch of its first electric boom lift in the mid-90s. Credit Suisse analyst Jamie Cook says Oshkosh’s business is “booming,” and is pleased about the company’s recent strong earnings. Furthermore, there could be a near-term tailwind; Via its collaboration with Ford, Oshkosh is one of the names still in the hunt for the lucrative $6.3 billion U.S. Postal Service contract to ....
Bail set at $1.5 million for teen accused in mall shooting February 8, 2021 GMT APPLETON, Wis. (AP) A judge on Monday set bail at $1.5 million cash for a teenager charged in a fatal shooting at a shopping mall in eastern Wisconsin. Dezman Ellis, 17, of Oshkosh, made his first appearance in Outagamie County Court on charges of first degree intentional homicide and first degree recklessly endangering safety. Ellis was transferred on Friday from Iowa, where he fled after the Jan. 31 shooting. Ellis is accused of killing Jovanni Frausto, 19, at the Fox River Mall in Grand Chute during an argument over a girl. A bystander was wounded, and the shooting forced people to shelter in place inside the suburban Appleton mall while police combed the building. ....
By Sydney J. Freedberg Jr. on February 09, 2021 at 1:28 PM Joint Light Tactical Vehicle (JTV) variants in the field. (Oshkosh graphic) WASHINGTON: It’s 10,000 Joint Light Tactical Vehicles down for Oshkosh, another 50,000-plus to go – or at least, that’s what the company hopes. But the Army’s changing plans have put the program under pressure in two ways: The service might buy fewer, and it might buy them from someone other than Oshkosh. That’s a big reason why Oshkosh is making a big deal of the news that’s now produced 10,000 JLTVs in just five years, below the government’s original cost estimate. ....