Press Releases

Genesis demonstrated its design versatility today with the unveiling of the Genesis X Convertible concept in California. The brand hosted an intimate viewing where guests were delighted with a surprise unveiling of a four-passenger open-roof concept. The venue was a natural choice as California leads the U.S. in adoption of electric vehicles and its temperate climate allows year-round enjoyment of the convertible vehicle format. "Genesis started life by producing sedans

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With the release of Volvo Cars' fully electric flagship SUV – the Volvo EX90 – Zenseact introduces OnePilot: AI-powered software that will offer drivers a new level of safety. OnePilot marks the start of Zenseact's journey to autonomous driving, with both ADAS (advanced driver assistance systems) and AD (autonomous driving) functionalities. It's a significant step in the company's ambition to reduce traffic accidents and create safe roads for everyone.&nb

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Genuine Parts Company announced today its Board of Directors declared a regular quarterly cash dividend of eighty-nine and one-half cents ($0.895) per share on the company's common stock. The dividend is payable January 3, 2023 to shareholders of record on December 2, 2022. About Genuine Parts Company Founded in 1928, Genuine Parts Company is a global service organization engaged in the distribution of automotive and industrial replacement parts

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Davinci Motor, a fast-growing Chinese manufacturer of high-performance robotic electric motorcycles, has revealed plans to expand into the EU market with the launch of its new two-wheel DC100 vehicle. wheels at the press conference at EICMA, the world's leading motorcycle exhibition, held November 8-13 in Milan. The company showcased its premium performance DC100, developed using state-of-the-art technology in collaboration with the prestigious Tsinghua University in Beijing, Ch

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America's best-selling car of the past five decades 1 , the all-new 2023 Honda Accord will reinvigorate the midsize sedan segment with sleek design and sophisticated, plus a more responsive available Advanced Hybrid-Electric system that enables a sporty and exhilarating driving experience. Accord hybrid models sit at the top of the 11th generation Accord lineup and will account for about 50% of sales. The new Accord will go on sale in January."The new 11th generation Accord is essent

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Contemporary Amperex Technology Co., Limited and Daihatsu Motor Co., Ltd. announced a memorandum of understanding of strategic cooperation for the supply and technology of batteries that allow promoting electric mobility in Japan. Under the agreement, CATL intends to provide a stable supply of dedicated batteries for electric vehicles from Daihatsu, an expert in compact passenger cars and one of Japan's oldest automakers. By bringing together the technological advantages

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VinFast announced its participation in Los Angeles Auto Show 2022 (LA Auto Show 2022) from November 17 - 28, 2022, and will be showcasing its four EV models in the B-C-D-E segments. For the first time, customers in California will be able to ride along in the VF 8, directly experience the integrated smart technology and the detailed designs of two models, the VF 6 and VF 7. At the LA Auto Show, VinFast will display four all-electric SUV models, the VF 6, VF 7, VF 8 and

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Canoo (NASDAQ: GOEV), a leading high-tech advanced mobility company has entered into an agreement to acquire a Vehicle Manufacturing Facility in Oklahoma City. Strategically located with easy access to road and rail, the facility will produce Canoo's LDV and LV vehicles for delivery to customers in 2023. With a dedicated training center, Canoo's Vehicle Manufacturing Facility will employ more than 500 people and be equipped to ramp to a 20,000 unit annual run rate by the end of 2023,

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Renault Group and Google announced today an expanded partnership aimed at designing and delivering the digital architecture for the “Software Defined Vehicle” (SDV) and accelerating the group's digitalization. The two partners will develop a set of onboard and offboard software components that are dedicated to the SDV and will grow synergies and use cases related to the group’s “Move to Cloud'' strategy. This collaboration on cloud computing, initiat

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The rapid development of the global electric vehicle market has ushered in a new era of Software Defined Vehicle (SDV). The accelerated innovative development has also made electric vehicles the new target for hackers, which accentuate the importance of the cyber security in the electric vehicle industry. VicOne, an automotive cybersecurity solution provider, established by cloud security leader Trend Micro, unveiled the industry's first-of-kind in-vehicle software safety remote diagnosis

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A leading EV technology company with advanced, market-validated electric commercial vehicles, today announced that its facility in Herne, Germany, acquired through its acquisition of Cenntro Automotive Europe, has completed its production transition and had begun assembly of two Cenntro models, the Metro and the TeeMak. (NASDAQ: CENN), a leading EV technology company with advanced, market-validated electric commercial vehicles, today announced that its facility in Herne, Germany, acqui

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Celgard, LLC, a subsidiary of Polypore International, LP, is pleased to announce that it has entered into a multi-year joint development agreement with Morrow Batteries AS ( Morrow). Celgard will work with Morrow to develop, test and commercialize next-generation dry battery separators for use in Morrow high-voltage battery cells, with lithium nickel manganese oxide (LNMO) cathode material, for electric vehicles (EV) and the energy storage system (ESS). While separator development acti

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West Edge Partners a lower middle market private equity firm, announced today the acquisition of Dakotaland Autoglass, a regional distributor and service provider to the aftermarket automotive replacement glass and paint, body & equipment  industries. Terms of the transaction were not disclosed. DAG distributes aftermarket automotive glass and PBE in the Midwest and self performs glass repair and installation in select markets. The Company has 12 locations across the Midwes

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American Axle & Manufacturing today announced it has been selected as the new axle supplier for GM's next generation mid-size pickup trucks. The new vehicles will debut for model year 2023. AAM is pleased to expand our partnership with GM as the new supplier of axles for GM's next generation mid-size pickup trucks. We look forward to providing our latest and most efficient driveline technologies for the Chevrolet Colorado and GMC Canyon," said AAM Chairman and Chief Ex

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Dayco, a leading engine product and drive systems manufacturer for the automotive, heavy-duty, and industrial market segments, has announced a major investment in a new manufacturing facility in San Luis Potosi in Mexico, to produce its globally recognized original equipment quality drive belts. "This is an exciting strategic investment that allows us to expand Dayco's presence in North America and subsequently, the company's overall global footprint," said John Ki

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