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Canada: Electric powertrain maker Azure Dynamics files for protection

Azure Dynamics, a maker of electric powertrains and other parts for commercial vehicles, has filed for bankruptcy protection, the latest sign of turmoil in the electric-vehicle industry.

The company, which had been doing much of its work in Oak Park, laid off 120 employees on Monday, including 55 in Oak Park. It also stopped production and shut its Oak Park headquarters and other offices, except for a location just outside of Vancouver, Canada, where the company is now based.
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