Faraday Future Hosts Virtual Global Supplier Summit
Company recaps key highlights from recent milestones, sets tone for upcoming production and delivery plans. LOS ANGELES–(BUSINESS WIRE)–Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE)...
Zukin Partners Advises HyreCar on Bankruptcy Court 363 Sale to Getaround
LOS ANGELES–(BUSINESS WIRE)–Zukin Partners represented HyreCar, Inc. in its sale to Getaround, the world’s first connected carsharing marketplace, via a Bankruptcy Court supervised Section 363...
GPR Announces Series A Funding on Back of Customer Traction
SOMERVILLE, Mass.–(BUSINESS WIRE)–#autonomousdriving—GPR, the world’s only provider of Ground Positioning Radar™, today announced it has secured an undisclosed amount of Series A funding led by...
PartsTech Secures $35M Series C Funding to Fuel Growth and Further Accelerate Auto Repair
Leading B2B Automotive Parts Marketplace Lands Funding to Drive Innovation and Expansion BOSTON–(BUSINESS WIRE)–PartsTech (www.PartsTech.com), the industry-leading B2B parts marketplace for the auto repair industry,...
ABB Opens Robert M. Thomas Innovation Center in Memphis
Accelerates development of next generation electrification products Expands ABB’s global R&D capabilities and serves as a center for customer collaboration and technology excellence Integrates comprehensive...
Mobil 1 Documentary Celebrates the 100th Anniversary of the Iconic 24 Hours of Le Mans Endurance Race
“Racing with Giants: Porsche at Le Mans” from Mobil 1 and Hagerty Media brings Porsche’s dominant racing history to the big screen Watch the Official...
MOTER Technologies, Inc. Joins the Automotive Edge Computing Consortium
By Collaborating With the AECC and its Members, MOTER Will Ensure That New Connected Vehicle Services Technologies and Standards Meet the Ecosystem’s Future Needs WAKEFIELD,...
MiR Features Latest Innovations in Autonomous Mobile Robots at Automate 2023
Advancements in MiR’s flexible, safe and cost-effective AMRs, including enhanced software capabilities and artificial intelligence (AI), speed deployments, improve efficiencies and deliver faster ROI DETROIT–(BUSINESS...
REV Group Appoints Mark Skonieczny as Chief Executive Officer
BROOKFIELD, Wis.–(BUSINESS WIRE)–REV Group, Inc. (NYSE:REVG), a leading designer and manufacturer of specialty vehicles, announced the appointment of Mark Skonieczny as President and Chief Executive...
Cyngn to Participate at Investor Conferences with Singular Research and LD Micro
MENLO PARK, Calif.–(BUSINESS WIRE)–Cyngn, Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN), a developer of AI-powered autonomous driving solutions for industrial applications, will participate at the...
Ryder CFO to Address Wolfe Research Global Transportation & Industrials Conference
MIAMI–(BUSINESS WIRE)–Ryder System, Inc. (NYSE: R) Chief Financial Officer (CFO) John Diez to address Wolfe Research Global Transportation & Industrials Conference. Who: Ryder System, Inc....
Eaton’s Power Connections Employing Innovative Sealed High-power Lock Box Connectors
GALESBURG, Mich.–(BUSINESS WIRE)–#automotiveindustry–Intelligent power management company Eaton today announced its eMobility business is now offering specialized high-power lock box (HPLB) power connectors for use in...
ITC Institutes Investigation into Hesai’s Unlawful Use of Ouster’s Patents
Hesai’s infringement of five Ouster patents to be investigated by the U.S. International Trade Commission Hesai’s infringing lidar products may be barred from the United...
EVgo Inc. Announces Pricing of Offering of Class A Common Stock
LOS ANGELES–(BUSINESS WIRE)–EVgo Inc. (Nasdaq: EVGO; “EVgo” or the “Company”) announced today the pricing of an underwritten public offering of 29,411,765 shares of its Class...
Ouster to Present at Upcoming June 2023 Investor Conferences
SAN FRANCISCO–(BUSINESS WIRE)–$OUST–Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-performance lidar sensors for the automotive, industrial, robotics, and smart infrastructure...
Copart Reports Third Quarter Fiscal 2023 Financial Results
DALLAS–(BUSINESS WIRE)–Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended April 30, 2023. For the three months ended April 30, 2023, revenue,...
40 Years of People, Product and Purpose
Nissan marks four decades of U.S. manufacturing; prepares for ‘electrified’ future NASHVILLE, Tenn.–(BUSINESS WIRE)–The story began on June 16, 1983, when the first Nissan manufactured...
The Coalition for PSP Modernization Praises Graves & Davids’ Introduction of the Motor Carrier Safety Screening Modernization Act to Strengthen Roadway Safety and Improve Driver Retention
This simple statutory update will provide motor carriers with enhancements to a powerful tool for improving driver safety programs and preserving jobs in the trucking...
An electric vehicle battery for all seasons: New electrolyte for lithium-ion batteries performs well in frigid regions and seasons
LEMONT, Ill.–(BUSINESS WIRE)–Many owners of electric vehicles worry about how effective their battery will be in very cold weather. Now a new battery chemistry may...
Sonatus Launches Presence in Taiwan
Silicon Valley-based software-defined vehicle innovator deepens global reach with expansion to Taiwan’s growing vehicle manufacturing ecosystem SUNNYVALE, Calif.–(BUSINESS WIRE)–Sonatus, a leading automotive software company that...
Carvana Co. Announces Extension of Private Exchange Offers, Withdrawal Deadline and Early Exchange Premium
PHOENIX–(BUSINESS WIRE)–Carvana Co. (NYSE: CVNA) (“Carvana” or the “Company”), the leading e-commerce platform for buying and selling used cars, today announced that it has extended...
Wise Systems and IntelliShift Unveil New Partnership for End-to-End Fleet Intelligence
CAMBRIDGE, Mass.–(BUSINESS WIRE)–Wise Systems and IntelliShift today announced a new partnership and integrated solution to bring end-to-end fleet intelligence to customers. By combining Wise Systems’...
The Presidio Group Advises Asbury Automotive on the Sale of McDavid Acura of Austin
Asbury exits non-core market with strategic sale to Umansky Automotive Group AUSTIN, Texas–(BUSINESS WIRE)–The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on...
Helios Technologies Expands Financial Capacity With Oversubscribed $150 Million Term Loan
SARASOTA, Fla.–(BUSINESS WIRE)–Helios Technologies, Inc. (NYSE: HLIO) (“Helios” or the “Company”), a global leader in highly engineered motion control and electronic controls technology for diverse...
Holley Announces Inducement Awards Under NYSE Section 303A.08 of the NYSE Listed Company Manual
BOWLING GREEN, Ky.–(BUSINESS WIRE)–Holley Inc. (NYSE: HLLY), a leading platform serving performance automotive enthusiasts, today announced the grant of inducement equity awards to Matthew Stevenson,...
Holley Announces Appointment of Matthew Stevenson as New President and Chief Executive Officer
BOWLING GREEN, Ky.–(BUSINESS WIRE)–Holley Inc. (NYSE: HLLY), a leading platform serving performance automotive enthusiasts, today announced the appointment of Matthew Stevenson as the Company’s new...
The Oscar Mayer Wienermobile Gets a Beefy New Name for the First Time in Nearly 100 Years
To celebrate the brand’s 100% Beef Franks and its tasty new recipe, the Frankmobile hits the hot dog highways nationwide this summer CHICAGO & PITTSBURGH–(BUSINESS...
Yamaha Promotes Solutions for Issues During 2023 American Boating Congress
KENNESAW, Ga.–(BUSINESS WIRE)–During the 2023 American Boating Congress (ABC), May 8-10 in Washington, D.C., Yamaha and other industry leaders conducted dozens of meetings on Capitol...
Lightning eMotors Reports Financial Results for First Quarter 2023
GAAP revenue of $1.3 million, after $2.3 million of recall-related costs Adjusted revenue of $3.6 million from sales of 29 units; produced 53 units during...
Lightning eMotors Enters Into a $50 Million Pre-Paid Advance Agreement With Yorkville Advisors Global L.P.
LOVELAND, Colo.–(BUSINESS WIRE)–Lightning eMotors, Inc. (NYSE: ZEV), a leading provider of zero emission medium-duty commercial vehicles and electric vehicle technology for fleets, today announced that...