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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Spartan Motors Inc | NASDAQ:SPAR | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 17.08 | 15.88 | 18.79 | 0 | 01:00:00 |
The VELOCITY, built on a Ford Transit cutaway chassis, debuted today (March 4) during the 2015 Work Truck Show in Indianapolis, Indiana. Executives from Utilimaster unveiled the VELOCITY at the opening of The Work Truck Show before a large audience. The VELOCITY allows full stand-up height, cargo capacities of 574, 679 and 784 cubic feet, and is scheduled for full production in the third quarter of this year.
"Commercial vehicle customers approached us with the need for lower cost of ownership and improved productivity," stated John Forbes, President of Utilimaster. "Customers desired a large entry door for ease of entry and exit on multi-stop routes, improved fuel efficiency, and flexibility of configuring the cargo space for various applications. The VELOCITY is the answer to driving a better return on investment for each deployed asset."
The VELOCITY is the first walk-in van developed to support the Ford Transit gas, diesel or CNG/LPG platforms. The design offers rear swing or roll-up doors for dock loading, a robust curbside sliding door, low entry and egress steps, and optimized ergonomics for managing commercial deliveries and service routes.
The VELOCITY continues the Utilimaster history of innovation and improved performance in design.
Cost of Ownership
Safety
Green/Sustainability
Capacity/Efficiency
Utilimaster recently completed a $10-million investment in plant operations to deliver its premier trucks with speed and excellence. "Our investment in plant operations focuses on four pillars: decrease order to delivery times, increase plant efficiency, and deliver customer orders on-time and with quality." said Daryl Adams, President and CEO of Spartan Motors. "Our results are impressive. In-plant assembly times are now three days in comparison to the usual 21 days required to build vehicles. Our clients tell us we have the best plant operations in the commercial van industry."
The VELOCITY aligns with Spartan's D.R.I.V.E. initiative, as it positions the company for diversified growth with its redefining technology and innovation. Additionally, it reaffirms the strength of the Utilimaster team and our commitment to supporting the commercial van and walk-in industry. The Company's latest innovation will be featured until Friday, March 6, in booth #1133.
D.R.I.V.E. is Spartan's operating strategy based on five tenets:
For more information on Utilimaster, visit www.utilimaster.com or call (574) 848-2111.
*Actual mileage will vary.
About Utilimaster
Utilimaster, a subsidiary of Spartan Motors, Inc (Nasdaq:SPAR), is a leading manufacturer of commercial truck bodies, walk-in vans and provides customized upfit solutions for a variety OEM vehicle platforms.
Utilimaster helps fleet owners reduce operating cost by analyzing fleet operators on their routes and then recommending best practices. Utilimaster serves the fleet owner looking to deploy a new corporate initiative into their existing fleet or implement new technology/equipment into current operations. The Utilimaster client development team has more than 200 years of industry experience and a broad list of best practices than can be tailored to individuals, small and large fleet operations.
Since 1973, Utilimaster engineers and designers have met, and exceeded, the expectations of vehicle operators and fleet managers. Contact a business development manager at 800-582-3454 to learn more about how an engagement with Utilimaster will help you achieve your business objectives. For more information, visit the Utilimaster website at www.utilimaster.com.
About Spartan Motors
Spartan Motors, Inc. designs, engineers and manufactures specialty chassis, specialty vehicles, truck bodies and aftermarket parts for the recreational vehicle (RV), emergency response, government services, defense, and delivery and service markets. The Company's brand names – Spartan™, Spartan Chassis™, Spartan ER™, Spartan ERV™ and Utilimaster® – are known for quality, performance, service and first-to-market innovation. The Company employs approximately 1,700 associates at facilities in Michigan, Pennsylvania, South Dakota, Indiana and Florida. Spartan reported sales of $507 million in 2014 and is focused on becoming a global leader in the design, engineering and manufacture of specialty vehicles and chassis. Visit Spartan Motors at www.spartanmotors.com.
CONTACT: John Marshall Senior Vice President, Sales and Marketing Utilimaster Corporation (574) 848-2004 Greg Salchow Director, Investor Relations Spartan Motors, Inc. (517) 543-6400
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