Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, and sells heavy-duty and custom vehicles in the United States, Canada, South America, and Asia. The company operates in three segments: Emergency Response Vehicles, Delivery and Service Vehicles, and Specialty Chassis and Vehicles. The company was founded in 1975 and is based in Charlotte, Michigan.
Spartan Motors (SPAR) says it's changing its corporate name change to The Shyft Group, following the divestiture of its emergency response business.As part of the name change, the company has released a new corporate logo and has launched a new website. The company says the new names represents speed, efficiency,...
Spartan Motors Inc. said Monday it is changing its name to The Shyft Group Inc. and will change its ticker to SHYF after divesting its Emergency Response business. The Novi, Michigan-based specialty vehicle maker will also change its logo and has launched a new website at www.theshyftgroup.com. "The Shyft Group represents the pivot in market-focus and the corresponding forward momentum we've garnered in the work truck, specialty service, and delivery vehicle markets," Chief Executive Daryl Adams said in a statement. Shares will start trading under the new ticker later Monday. The stock has fallen 5.5% in the year to date, while the S&P 500 has fallen 6%.
Today, Spartan Motors, Inc. (NASDAQ: SPAR) announced its corporate name change to The Shyft Group, Inc. (NASDAQ: SHYF) ("Shyft" or the "Company"), following the divestiture of its Emergency Response (ER) business. As part of the name change, the Company has released a new company logo and has launched a new corporate website at www.theshyftgroup.com. The Shyft Group is headquartered in Novi, Mich.