Press Releases

Reliability is always one of the key success factors to gain customer satisfaction in microphone products which will be equipped and used in various environmental conditions. There are frequent challenges and risk to damage microphone physically or degrade the acoustic performance in the process of MEMS microphone' mass production and its final assembly of end products. For example, dust obstacle, oil stain, electrostatic discharge damage in the machine or accidentally by humans, and mate

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Cadillac was ranked highest in a recent measurement of how effectively premium brands and dealers helped both website and in-person vehicle shoppers. In the 2022 Pied Piper Prospect Satisfaction Index® (PSI®) Premium Auto Study released today, Infiniti and Mercedes-Benz were ranked second and third of the 25 brands measured. The study also measured new electric-vehicle brands, and found that their omnichannel shopping experiences significantly trailed the industry average fo

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SAVANNAH, Tenn.Foundation Automotive Corp has acquired 4 new dealerships in the Savannah and Humboldt-Jackson areas in Tennessee from the Jones Motor Company. This new acquisition, the first in Tennessee for Foundation, includes the company’s first Nissan dealership and the implementation of Jones best-in-class used car platform to Foundation’s now 35 stores. “Nissan is a very welcome addition to our growing group. They have built such a strong and consistent brand

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Recent announcements from solid-state battery developers have suggested deployments by automotive in electric vehicles will begin in the near-term. However, the latest Strategy Analytics Electric Vehicle Service (EVS) report, Can Solid-State Batteries Reach Mass Production? suggest delays to deployments in battery electric vehicles to 2030. Toyota has announced that the first deployment of its solid-state battery cells will be in hybrid models, not battery electric, in 2025. The tec

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Fenix Parent LLC, operating as Fenix Parts , a leading recycler and reseller of original equipment manufacturer automotive parts, announced today it has completed its acquisition of the assets of A&P Auto Parts and U-Pull U-Save Auto Parts (“A&P” and “U-Pull U-Save”) in central New York. This is the largest acquisition completed by Fenix Parts since the company was acquired by affiliates of Stellex Capital Management LLC (“Stellex”) in April 2018.

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The Rohatyn Group , a global asset management company, today announced that it has completed the acquisition of electric bicycle manufacturer Leader 96 EOOD ("Leader" or "the Company") to KJK Capital ("KJK"), in association with Dimitar Zlatanov, the CEO of the Company and a member of the founding family. Ownership of TRG may enable Leader to rapidly increase its production of electric bicycles and expand its product offering to meet growing customer demand acros

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Actify, the leading provider of visualization and program management solutions for the automotive supply chain, today announced it has published an e-book resource to provide insights around how automotive suppliers and manufacturers can achieve significant business benefits from improved visualization across the entire company. Today, just about everyone in a manufacturing business has a sufficiently powerful device on their desk, in their briefcase, or even in their hand to view a

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Haig Partners LLC, the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor to Minneapolis based Forest Lake Auto Group in its sale to Morrie's Auto Group. Forest Lake Auto Group consists of Forest Lake Chevrolet and Forest Lake Chrysler-Dodge-Jeep-RAM of Forest Lake, MN, outside Minneapolis. Randy Wilcox, the owner of Forest Lake Auto Group, stated, "It's been my pleasure to work with a great staff at

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XPEL, Inc. a global provider of protective films and coatings today announced that they have been selected as the exclusive supplier to Rivian Automotive LLC for their new paint protection film (“PPF”) factory direct program. By the terms of the agreement, Rivian Automotive will offer factory direct PPF options to its customers ordering their new R1T and R1S models beginning late 2022. Customers will be able to choose between two PPF option packages: Front Gloss Paint Gu

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Child Care can be a struggle, especially for parents in the automotive retail industry working flexible weekday and weekend schedules. To support its employees, Laird Noller Companies — with five dealerships in Northeast Kansas — is excited to provide up to $3,000 a year in Child Care benefits by partnering with TOOTRiS On-Demand Child Care. Through the partnership, the TOOTRiS platform will provide Laird Noller's 300-plus team members access to the nation's larg

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Amprius Technologies, Inc. the leader in lithium-ion batteries with its Silicon Nanowire Anode Platform, announced today that Justin Mirro will join the Amprius board of directors upon completion of Amprius' business combination with Kensington Capital Acquisition Corp. IV ("Kensington") (NYSE: KCAC.U), which is expected in the second half of 2022. Mirro brings over 25 years of experience in sourcing, structuring, financing, and closing complex transactions in the auto

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Arbe Robotics Ltd.  the global leader in next-generation imaging radar solutions, announced today that the lock-up for shareholders holding 46,984,355 ordinary shares which are parties to an investors right agreement was extended to 360 days from the closing of the merger with ITAC held on October 7, 2021, subject to early release if the closing price of the ordinary shares equals or exceeds $9.00 per share for any 20 out of last 30 trading days. In addition, shareholders holding 35,592,

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Mullen Automotive, Inc.  an emerging electric vehicle (“EV”) manufacturer, announces today that it has signed a binding agreement with DelPack Logistics, LLC (“DPL”), an Amazon Delivery Service Partner, for DPL to purchase up to 600 Mullen Class 2 EV cargo vans over the next 18 months. Conditions to the binding agreement between Mullen and DPL include the following: DPL will place a purchase order for up to 600 Mullen Class 2 Electric C

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Arbe Robotics Ltd. , the global leader in next-generation imaging radar solutions, announced today that the lock-up for shareholders holding 46,984,355 ordinary shares which are parties to an investors right agreement was extended to 360 days from the closing of the merger with ITAC held on October 7, 2021, subject to early release if the closing price of the ordinary shares equals or exceeds $9.00 per share for any 20 out of last 30 trading days. In addition, shareholders holding 35,592,700

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Waitr Holdings Inc. announced today its first major agreement on the delivery of a broader range of products, thereby expanding on its already best-in-class food delivery. Waitr powered by ASAP has partnered with Elite EXTRA to provide delivery for its high-profile list of customers in over 80 industries including auto parts, food delivery, alcohol, and more. Elite EXTRA is an award-winning last-mile software company that offers logistics solutions that streamline delivery operation

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