- Vicinity Motor Corp (NASDAQ:VEV) has signed a distribution agreement with Schetky Bus and Van Sales to offer the Vicinity Lightning, Vicinity Classic, and VMC-Optimal vehicles.
- Schetky is a family-owned bus dealer based in Portland, Oregon, with five full-service locations offering commercial buses, school buses, mobility vans, and passenger vans.
- Under the terms of the agreement, Schetky will distribute Vicinity vehicles throughout Washington, Oregon, Idaho, and Alaska.
- The Vicinity line will add to Schetky’s existing internal combustion and electric vehicles portfolio.
- Price Action: VEV shares are trading flat at $1.39 on the last check Tuesday.
Benchmark Downgrades Red Robin Gourmet Burgers to Hold
Benchmark analyst Todd Brooks downgrades Red Robin Gourmet Burgers (NASDAQ:RRGB) from Buy to Hold.
