Hyundai Motor Group and Uniphy Limited have announced today that they have signed an agreement to work together to develop freeform-conforming, smart Human Machine Interfaces (HMls) to revolutionize the driver and passenger experience. The companies will be harnessing Uniphy's patented Canvya™ 3D smart-surface technology to produce an innovative in-car user interface. The collaboration will see Hyundai's automotive expertise combined with Uniphy's advanced technological appr

Tata Elxsi, a global leader in design and technology services, and Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, announced today their collaboration on a state-of-the-art design center in Bangalore that will develop targeted solutions for electric vehicles (EV). The new Next Generation EV Innovation Center (NEVIC) was opened in January of this year. Electric Vehicles have become foundational to the new mobility paradigm across the globe. Ce

Global engineering and design company RLE International announced today it will establish a new Modification and Engineering Center in Kansas City, investing $7.5 million and creating 85 high-paying jobs. RLE's state-of-the-art facility will provide complex engineering, design, and build solutions for automotive and mobility clients. "Missouri is a global leader in innovation and advanced manufacturing, which support our robust automotive industry and many others," sai

Orion Engineered Carbons, a specialty chemical company, has commissioned the first new reactor for carbon black production in the European Union in over 40 years at its plant in Italy, and this week will begin commercial sales with the line. The new 25-kiloton line at the facility in the northern city of Ravenna produces both specialty and technical rubber carbon blacks, primarily for the European market. “The new line offers customers seeking long-term solutions a u

Tekion, innovator of the Automotive Retail Cloud® (ARC), the first and fastest cloud-native automotive retail SaaS platform, today announced the release of its game-changing Customer Relationship Management application on its Automotive Retail Cloud platform (ARC CRM). This AI-powered CRM, a seamless extension of ARC DMS, unifies valuable customer data across automotive retail businesses by eliminating duplicates, enabling real-time data flow and actionable insights to provide dealership

Cars.com Inc. a leading automotive marketplace platform that provides a robust set of digital solutions, has closed the acquisition of the Accu-Trade Group, which was announced last month. The Accu-Trade Group includes real-time, VIN-specific appraisal and valuation data, instant guaranteed offer capabilities and logistics technology. CARS paid $65 million at the closing today, which was funded using a combination of cash on hand and revolver draw. There may be future payments

Lear Corporation, a global automotive technology leader in Seating and E-Systems, today announced it has completed the acquisition of substantially all of Kongsberg Automotive's Interior Comfort Systems (ICS) business unit. The acquisition will further advance Lear's seat component capabilities and expand product offerings in increasingly popular thermal and comfort seating solutions, such as seat heating and ventilation, and massage and lumbar support. "Lear is leading

Lucid Group, Inc., setting new standards with the longest range, fastest charging electric car on the market, today announced the signing of agreements with the Ministry of Investment of Saudi Arabia ("MISA"), the Saudi Industrial Development Fund ("SIDF"), and the Economic City at King Abdullah Economic City ("KAEC"), as it lays the groundwork for a full production factory in Saudi Arabia. The agreements are expected to accelerate Saudi Arabia's strategic go

The second paragraph, second sentence should read "The top trim Fisker Ocean Extreme travels 350 miles (EPA estimate)/630 KM (WLTP estimate) on a single charge with dual-motor AWD, three driving modes, and a host of first-to-market safety features." (instead of "The top trim Fisker Ocean Extreme travels 390 miles (EPA estimate)/630 KM (WLTP estimate) on a single charge with dual-motor AWD, three driving modes, and a host of first-to-market safety features.")

OCTO Telematics today announced a new agreement with Ford Motor Company to extend its data streaming partnership into Europe. This builds on the initial agreement signed in the North American market in July last year1. By leveraging Ford’s connected vehicle data, OCTO will enhance its market proven telematics services in insurance and analytical services in the UK, Italy, Germany, France and Spain. The integration provides a seamless experience for automotive insurers and thei

ABC Technologies Holdings Inc. a leading manufacturer and supplier of custom, highly engineered technical plastics and lightweighting innovations to the global automotive industry, today announced that its wholly-owned indirect subsidiaries, ABC Technologies Inc. and ABC Group Holdings Inc., as borrowers, have entered into a fifth amended and restated credit agreement (the “Credit Agreement”), with a syndicate of lenders, including The Bank of Nova Scotia, as administrative a

The popularity of electric vehicles (EV) is on the rise. According to a recent survey by Strategy&, PwC's global strategy consulting business, 64% of European consumers surveyed intend to buy an EV within the next two years. Among fleet operators, the figure is as high as 100%. No wonder demand for deep-drawn parts in e-mobility is growing rapidly - for example, for components made of copper alloys with functional surface coatings. Key factors in electric drives are shielding to impro

Mullen Automotive, Inc.  an emerging electric vehicle (“EV”) manufacturer, announces an update on Mullen’s next-generation solid-state polymer battery technology, which is a significant advancement over today’s current lithium-Ion batteries. Mullen’s testing of solid-state polymer cells reveals the potential for a 150-kilowatt-hour battery pack that delivers over 600-plus miles of range and highlights an 18-minute DC fast charge which can yield ove

Mullen Automotive, Inc. an emerging electric vehicle (“EV”) manufacturer, announces a recently published feature by WardsAutoTM that highlights Mullen’s vision for the future and interviews with the Company’s senior leadership. Wards, an industry-leading, automotive-centric publication and global leader in automotive intelligence, has been offering insights and intelligence on the global automotive industry for nearly a century. “I am delighted and than

Greenbriar Equity Group, L.P. ("Greenbriar"), a leading middle market private equity firm today announced that funds managed by Greenbriar acquired a majority position in JEGS Automotive ("JEGS"), a leading online national retailer and distributor of high-performance aftermarket auto parts and accessories. The investment, which represents the first commitment of institutional capital to JEGS, aims to support continued product and market expansion while enhancing its techno