Modec
Modec was a British manufacturer of electric cars and electric trucks in the delivery vehicle and light truck categories in Coventry .
Founded by Lord Jamie Borwick in 2004, production began in March 2007. Customers include Tesco , FedEx and UPS .
Borwick Group Limited acted as parent company with Sir John Egan as chairman. The Borwick Group was initially wholly owned by Jamie Borwick. In 2009 Modec agreed a joint venture with the US truck manufacturer Navistar International for the production of Modec electric vehicles in North and South America . The name of the joint venture was Navistar-Modec EV Alliance . As part of this joint venture, a minority stake in the Borwick Group was sold to Navistar.
In 2011 Modec went bankrupt.
Models
Modec built delivery vehicles with a payload of 2 tons, a speed of 80 km / h and a range of over 160 km. The vehicles had an output of 102 hp . The torque of the electric motor was 300 Nm .
The vehicles were offered as a body shell, with a box body and a flatbed body.
The battery charging time was 8 hours; alternatively, the battery could be changed in 20 minutes.
The turning circle was 10.8 m. The company said the vehicle was 98% recyclable .
export
In France the brand was distributed by ElecTruckCity. ElecTruck was founded by Frederic Deret, President of the Deret Group, and Michel Albrand, formerly President of MAN France.
Corporate development
Founder and beginnings of the company
Geoffrey Robert James Borwick, 5th Baron Borwick (* 1955) was Chief Executive from 1987 to 2001 and then until 2003 Chairman of the British holding company Manganese Bronze Holdings plc, in which he also held the largest block of shares. The best-known subsidiary of Manganese Bronze is London Taxis International (LTI), a manufacturer of several series of black London taxis. At London Taxis International, in collaboration with the Canadian company Azure Dynamics, there were two test projects for the construction of electric vehicles, a London black taxi and an eMercury van project. LTI decided to focus on the production of taxis. After a failed attempt to take over the company entirely, Jamie Borwick resigned as chairman and eventually sold his family's stake to institutional investors. Instead, he founded Modec in 2004.
The first customer was the British retail chain Tesco.
In 2009 Modec agreed a joint venture with the US truck manufacturer Navistar International for the production of Modec electric trucks in North and South America . The name of the joint venture is Navistar-Modec EV Alliance.
insolvency
At the beginning of March 2011, Modec went bankrupt. In response, the head of Liberty Electric Cars Ltd. , Barry Shrier, initially stated that he wanted to help Modec out of a tight spot. Modec had to file for bankruptcy after a takeover by the American truck manufacturer Navistar failed. Obviously, Liberty Electric Cars did not want to or could not take over the Modec company as a whole: Liberty later only took over the twelve-person development team of the liquidated electric commercial vehicle manufacturer from the bankruptcy estate .
See also
Individual evidence
- ↑ Homepage ( Memento from July 1, 2010 in the Internet Archive ) (Version from July 1, 2010)
- ↑ a b http://www.fleetnews.co.uk/news/story/Modec-finalises-joint-venture-with-Navistar-International/51676
- ↑ a b c product brochure ( Memento from April 19, 2009 in the Internet Archive )
- ↑ http://www.greencarcongress.com/2009/06/modec-20090625.html
- ↑ http://www.azuredynamics.com/corporate/investor-relations/documents/PR2004-11-12.pdf
- ↑ http://www.independent.co.uk/news/business/news/failed-manganese-bid-prompts-former-chairman-to-sell-out-566983.html
- ↑ http://www.lowcvp.org.uk/about-lowcvp/our-board.asp
- ↑ Liberty Electric Cars seeks to assist failed Modec ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. www.favstocks.com Internet portal, March 13, 2011 (English)
- ↑ Marc Kudling: Liberty takes over Modec workforce and expands activities to include commercial vehicles ( memento of the original from June 15, 2011 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. watt gehtab Internet portal, June 9, 2011
