![[Toyota Times] Century as a Brand, Lexus as Innovation: All the Details on Toyota's New Project!](https://businessfortnight.com/wp-content/uploads/2025/10/Toyota-Times-Century-as-a-Brand-Lexus-as-Innovation-All-218x150.jpg "[Toyota Times] Century as a Brand, Lexus as Innovation: All the Details on Toyota's New Project!")
Leading specialty automobile producer has invested greater than $8.5 million in clear know-how improvement for sustainable operations
Landmark Company funding in new EV improvement
NOVI, Mich., Oct. 26, 2022 (GLOBE NEWSWIRE) — The Shyft Group, Inc. (NASDAQ: SHYF) (“Shyft” or the “Company”), the North American chief in specialty automobile manufacturing, meeting, and upfit for the industrial, retail, and repair specialty automobile markets, as we speak launched its inaugural sustainability report based mostly on fiscal 2021 knowledge. The report, which pulls on the investor-focused requirements developed by the Sustainability Accounting Standards Board (SASB), encapsulates the corporate’s dedication to growing clear know-how for the last-mile supply market and different trade sectors, in addition to its general method to accountable and socially aware business practices.
An $8.5 million funding in clear know-how targeted on enhancing operational efficiencies. The Company continued its dedication to lowering carbon emissions, waste and water, and growing the quantity of inexperienced vitality and recycling in its services. Sixty p.c of Shyft merchandise included enter supplies from recycled or remanufactured content material and 75 p.c of its merchandise offered have been recyclable.
In addition, in 2021, Shyft started making its largest funding in new merchandise within the firm’s historical past targeted on a sustainable ecosystem of commercial-grade EV options developed from the bottom up based mostly on practically 50 years of expertise in final mile supply and customized chassis design and manufacturing. Revealed in March beneath Blue Arc™ EV Solutions, Shyft engineered the trade’s first industrial grade purpose-built EV chassis; a totally reimagined all-electric Class 3 supply automobile; and a totally moveable, self-driving charging station, the Power Cube™.
“We launched our Blue Arc EV Solutions go to market brand earlier this year to meet the commercial needs of our customers, however, I see it as much more than that,” stated CEO and president Daryl Adams. “On a personal level, I feel driven—not only for our customers, but also for our communities and our planet—to do our part to create a more environmentally sustainable future for all. Blue Arc is one of the most impactful ways we can do that.”
In addition to its product-focused methods, Shyft additionally undertook a number of initiatives in 2021 to make developments in sustainability, variety, fairness and inclusion (DEI), social duty and elevated transparency. A 5-year DEI roadmap gives a powerful dedication to its staff and embraces its purpose to foster an much more inclusive tradition and various surroundings inside all areas of Shyft.
The Company made key contributions to native communities and organizations, together with being a Diamond Sponsor of The Heat and Warmth (THAW) Fund’s signature fundraising occasion, the 2022 Night of Warm Hearts Gala on November 4th this yr. Shyft additionally donated $125,000 in 2021 to the Eaton Community Health Collaborative in assist of the higher Charlotte, Michigan, neighborhood, the place the corporate bought its begin and continues to function. The donation final yr completes a $1 million declaration of Company assist that spans a decade.
About The Shyft Group
The Shyft Group is the North American chief in specialty automobile manufacturing, meeting, and upfit for the industrial, retail, and repair specialty automobile markets. Our prospects embrace first-to-last mile supply firms throughout vocations, federal, state, and native authorities entities; the trades; and utility and infrastructure segments. The Shyft Group is organized into two core business items: Shyft Fleet Vehicles & Services™ and Shyft Specialty Vehicles™. Today, its household of manufacturers consists of Blue Arc™ EV Solutions, Utilimaster®, Royal Truck Body™, DuraMag®, Magnum®, Strobes-R-Us™, Spartan RV Chassis™, Builtmore Contract Manufacturing™, and corresponding aftermarket provisions. The Shyft Group and its go-to-market manufacturers are well-known of their respective industries for high quality, sturdiness, and first-to-market innovation. The Company employs roughly 3,800 staff and contractors throughout campuses, and operates services in Michigan, Indiana, Maine, Pennsylvania, South Carolina, Florida, Missouri, California, Arizona, Texas, and Saltillo, Mexico. The Company reported gross sales of $992 million in 2021. Learn extra about The Shyft Group at TheShyftGroup.com.
CONTACTS
Media:
Carrie Wright
Chief Marketing & Communications Officer
The Shyft Group
[email protected]
313.495.2904
Scott Worden
Senior Director
Lambert & Co.
[email protected]
248.825.9343
Investors:
Randy Wilson
VP, Investor Relations and Group Treasurer
The Shyft Group
[email protected]
947.622.4873
