Press Releases
E.C.D. Automotive Design, the world’s largest restoration company specializing in revamping Classic Defenders, original Range Rover Classics and vintage E-Types into bespoke luxury builds, today introduces an exciting new offering: Special Editions. Whereas an E.C.D. custom-designed build entails a full design phase where the client selects every aspect of the vehicle from the ground up, Special Editions offer high-quality, pre-selected specifications developed by E.C.D.’s expert
Read more...28 July 2022
Kaixin Auto Holdings announces today that it has launched the brand "TECROLL" for its new energy commercial vehicles and delivered the first electric logistics truck. New energy commercial vehicle is the focus of Kaixin’s new energy vehicles business endeavor. Tecroll stands for "exploring the infinity and reaching the goal", symbolizing a journey of continuous progress and inclusion. The first model of Tecroll is an electric logistics truck, and Kaix
Read more...Upstart, the AI lending marketplace, today announced it has been named the fastest growing auto retail software in the U.S. for Q2 2022, according to data released by Automotive Market Data. From April to June, nearly 240 dealerships went live using Upstart Auto Retail, which was the highest level of growth among dozens of auto software platforms in the survey.1 "Our market data shows Upstart Auto Retail had the highest net growth in dealer count in the second quarter of this y
Read more...27 July 2022
The ZeroSum Market First Report is the automotive industry's first source to predict month-end vehicle movement, providing vital supply and demand trend data to automotive marketers and dealers. ZeroSum uses predictive modeling to accurately estimate new vehicle inventory, pricing trends, and market share. ZeroSum data shows that new vehicle inventory has decreased 1.81% since the start of June while used vehicle inventory increased over 2.5%. As a result, average new car
Read more...25 July 2022
Genesis Motor America announced the continuation of its Priority One program, featuring the upcoming 2023 G90 flagship sedan. Customers may now express interest in Priority One by visiting www.genesis.com and providing their contact information. Priority One members will be contacted and may submit a $1,000 refundable deposit to secure their place among the first to purchase the new 2023 G90. The program delivers a personalized shopping experience curated by a dedicated concierge agent. Prior
Read more...Livent and General Motors Co. announced today a significant multi-year sourcing agreement in which Livent will supply GM with battery-grade lithium hydroxide made primarily from lithium extracted at Livent's brine-based operations in South America. Lithium hydroxide is crucial to GM's plans to make higher performance, higher mileage EVs. The lithium hydroxide from Livent will be used in GM's Ultium battery cathodes, which will power electric vehicles such as the recently revealed
Read more...27 July 2022
Autonomy, the nation’s largest electric vehicle subscription company, has partnered with AutoNation, Inc. (NYSE:AN), America’s largest and most admired automotive retailer. The partnership will support Autonomy’s electric vehicle product expansion from the Tesla Model 3 into several automaker brands as well as its geographic expansion across the United States, leveraging AutoNation’s nationwide footprint. As Autonomy’s “Dealer of Record,” Au
Read more...22 July 2022
Lightning eMotors , a leading provider of zero emission medium duty commercial vehicles and electric vehicle technology for fleets, announced today the unveiling of its second-generation Lightning Mobile chargers for commercial and consumer electric vehicles (EV). Uniquely designed to accommodate a number of use-cases, the first-of-its-kind mobile DC fast charger offers rapid deployment of reliable charging capabilities in locations where static charging stations are not possible or
Read more...AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of “a” of Toyota Motor Insurance Company. The outlook of these Credit Ratings is stable. The ratings reflect TMIC’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). TMIC’s balance sheet strength is supported by its str
Read more...Cepton, Inc. a Silicon Valley innovator and leader in high-performance MMT® lidar solutions, today announced that it has selected Fabrinet (NYSE: FN), a leading provider of advanced precision optical and electronic manufacturing services, for the production of its Vista®-X90 lidar, which will be deployed in the industry’s largest ADAS lidar series production program. Cepton selected Fabrinet for its deep expertise in advanced optical packaging and precision optical, el
Read more...Vietnam’s leading Digital Transformation services provider FPT Software and Japanese IT company SCSK entered a global sales business partnership. The two companies will collaborate to roll out Monozukuri Adaptive AUTOSAR or MaaZ, a comprehensive solution stack for AUTOSAR, to top Original Equipment Manufacturers (OEMs) and suppliers in the automotive industry. AUTOSAR, a global development partnership of interested parties, enables the standardization of automotive electronic
Read more...20 July 2022
Parcrest Advisors served as the exclusive investment banking advisor to 3D Car Care on its strategic investment from MPE Partners along with MPE's portfolio company Hi-Tech Industries. 3D is globally recognized as the highest quality brand of car care and automotive detailing products, comprised of compounds, polishes, ceramic coatings, cleaning supplies and accessories. The Company manufactures the highest grade compounds and polishes out of its Santa Clarita, California head
Read more...Sage-ONF, a synthetic leather supplier with 29 years of experience in design, development, manufacturing and sales, launches series production silicone synthetic leather. The Sage-ONF factory started manufacturing the silicone synthetic leather in Shanghai, China. At a time when consumers continue to demand greater sustainability commitments, the new development builds on Sage-ONF's sustainability heritage, offering silicone synthetic leather as an innovative petroleum-free, car
Read more...19 July 2022
Advance Auto Parts , a leading automotive aftermarket parts provider, today introduced its No. 1 fan "Ed Vance,” revolutionizing the category by representing the voice of an emerging segment of automobile enthusiasts – those learning to DIY and craving a partner on their journey. In Ed Vance, Advance is providing an authentic, relatable, entertaining and category-exclusive bilingual voice to embody, represent and connect with these modern DIYers, living alongside th
Read more...19 July 2022
Arbe Robotics Ltd. the global leader in next-generation Imaging Radar solutions, today announced the introduction of a surround imaging radar, Lynx, which processes 24x12 channels and is the only long-range, high resolution, 360° sensing, affordable solution available on the market today. Lynx outperforms the current industry 3x4 corner radars, and even the most advanced 12x16 front radars, making it an industry-first surround radar able to enhance perception and sensor fusion.
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