USPS To Electrify LLV Mail Delivery Vehicle Page 2

By Eric Loveday

Eric Loveday

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Eric Loveday is a car enthusiast with a love for everything automotive. He purchased a 1970 Chevelle at age 16, quickly outgrew its dated engineering... More

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1,764 views Nov 4, 2009

USPS LLV

In light of the swift growth in demand for the production ready Smith Newton, SEV US Corp mutually agreed with Ford to terminate its development project with Ford of an electric car-derived van based on Transit Connect. In the short to medium term, forecast volumes did not justify the investment requirement and limited the working capital available to support the growth of Newton. SEV US Corp believes that investing in the existing Smith platforms represents a better use of its financial resources, allowing it to take full advantage of a potentially very sizeable market and to gain market traction more quickly. It was concerned that the market for electric car-derived vans would become increasingly competitive. In North America, Ford still intends to launch its own electric version of the Connect.

In other markets, the Board of Directors believes that the best strategy going forward for the Company is to focus on preserving and enhancing Tanfield's market-leading position in the medium-duty commercial vehicle sector, through its many variants of Newton truck and Edison van platforms. Tanfield remains Ford of Europe's official collaborator on commercial electric vehicles, initially focused solely on the Ford Transit platform, which is marketed as the Smith Edison.

Whilst consolidating its market-lead position in this sector, Tanfield continues to pursue an order for the delivery of over 50 Smith Edison vans with a leading UK retailer. Additionally, Tanfield is now confirmed as the largest supplier to Phase One of the UK Government's Low Carbon Vehicle Procurement Programme. Tanfield will supply a total of 57 Smith Edison vans in the first phase.

Darren Kell added:

"Tanfield is gaining real traction with its core products in the electric van and truck sectors across the world"

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