Azure Dynamics, a developer and integrator of hybrid-electric and electric components and powertrain systems for commercial vehicles, has filed for bankruptcy. It plans to stay in business and reorganize. "We're really optimistic that we'll come out of this," said company spokesman Mike Elwood. All work at its global branches, including Oak Park, MI, has been "migrated" back to the company's home base in Burnaby, British Columbia, he said. Azure supplies the electric drive system for several commercial vehicles, including the Ford Transit Connect Electric. Elwood told AEI on March 29 that the company is in talks with its customers and hopes to have things "sorted out in a few days" in terms of whether it can restart production for the Transit Connect Electric and other products. (Video shows how Azure's electric drivetrain and related components are fitted to the vehicle)
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