China Automotive Systems, Inc., a leading power steering components and systems supplier in China, today announced that the Board of Directors has declared a special cash dividend of US$0.80 per common share.  The special cash dividend is payable on or about August 22, 2024 to shareholders of record as of the close of business on Tuesday, July 30, 2024. The aggregate amount of the special dividend payment will be approximately $25 million. China Automotive Systems´ Board

Polaris Inc. announced that its President of Off Road Steve Menneto is leaving for a new career opportunity. "From his start as a part of the sales team, to overseeing our Motorcycles business, to these last five years leading our Off Road team, I want to thank Steve for the lasting contributions he made over his 27-year tenure at Polaris. We wish him the very best as he moves into this new chapter," said Polaris Chief Executive Officer Mike Speetzen. "I will be

As the automotive industry edges towards an era of digital transformation, innovative technologies are at the forefront of this shift, enhancing vehicle performance, safety, and sustainability. The report provides a comprehensive analysis of these technological breakthroughs. It particularly focuses on high-impact innovation areas derived from the analyst's proprietary Technology Foresights tool such as advanced EV discharge prediction, sophisticated collision avoidance systems,

VinFast Auto, the Vietnamese automotive manufacturer announced the creation of its Dealer Advisory Board. This esteemed group comprises leading VinFast dealership representatives from across the United States, selected for their customer service commitment, and industry expertise. The Dealer Advisory Board will serve as a vital communication channel between VinFast Auto and its growing network of 25 dealerships. Board members met for the first time on July 17, 2024, in Los Angeles, Calif

BYD celebrated the inauguration of its Thailand plant and the production of its 8 millionth new energy vehicle in Rayong, Thailand, marking two milestones in the company's global expansion. The ceremony was attended by Ms. Pimphattra Wichaikul, Thailand's Minister of Industry; Mr. Han Zhiqiang, Chinese Ambassador to Thailand; Mr. Narit Therdsteerasukdi, Secretary General of Thailand Board of Investment; as well as Mr. Wang Chuanfu, Chairman and President of BYD, among other senior exe

Nullmax, an AI firm specializing in autonomous driving, hosted its 2024 tech conference to officially unveil the new generation of autonomous driving technology, Nullmax Intelligence (NI). This new technology features vision only, map-free, and end to end multimodal capabilities to advance automotive intelligence. The NI System includes an innovative multimodal model and a brain-inspired safety model, endowing vehicles with sensory capabilities akin to seeing, hearing, and reading.

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 on the sale of La Crosse Truck Center Ford and La Crosse Truck Center Mack-Isuzu. La Crosse Truck Center Ford was sold to Dahl Automotive, which has 13 franchised auto dealerships throughout Minnesota and Wisconsin, and La Crosse Truck Center Mack-Isuzu was sold to Kriete Truck Centers, which has 11 Volvo and Mack locations throughout Wisconsin.

TIER IV, the pioneering force behind the worlds' first open-source software for autonomous driving, has partnered with Nihon Kotsu on a large-scale data-sharing initiative aimed at scaling AI development. From July 2024, the companies will jointly collect data from vehicles equipped with a data recording system (DRS) developed by TIER IV. TIER IV spearheaded the Co-MLOps (Cooperative Machine Learning Operations) data-sharing initiative in 2023, and unveiled a proof of concept te

Lightweight, rigid body and direct handling deliver an exceptional driving experience. The 720 hp Ferrari F8 Tributo and Ferrari F8 Spider, epitomizing mid-engine sports cars, are a delight to drive. Nevertheless, even these perfect sports cars can benefit from an upgraded suspension. KW automotive has developed the KW V5 coilover suspension with solid piston dampers for these Italian supercars produced from 2019 to 2023. The solid piston dampers are separately adjustable in the high-speed an

Yamaha Motor Co., Ltd. (Tokyo: 7272) announces it has signed a service agreement with YL Forest Co., Ltd. (hereinafter, “YLF”), a company headquartered in Fukuoka City that is implementing its proprietary mangrove planting method in the Republic of Indonesia. Going forward, funding provided to YLF by the Company will go toward launching a new mangrove planting project in the country’s province of South Sulawesi.  The agreement entrusts YLF with silvofishery-ba

Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers with operations across four continents and nine countries, announced today the acquisition of Bill Brown Ford in southeastern Michigan.  Located in Livonia, the dealership operations serve Michigan's largest county by population.  The acquisition is expected to add $550 million in estimated annualized

Hyundai today released a summary of changes to its lineup for the 2025 model year. Hyundai Motor America .                                                                        About Hyundai Motor:         Hyundai Motor America offers U.S

 FullSpeed Automotive®, one of the nation's largest franchisors and operators of automotive aftermarket repair facilities, home to flagship brands Grease Monkey®, SpeeDee Oil Change & Auto Service®, and Kwik Kar®, recently appointed Harry T. Jenkins, IV, as the new President of Retail Operations. Jenkins brings a wealth of experience and knowledge from his decades-long career in the automotive industry. His portfolio spans from several management positio

Constellium SE (NYSE: CSTM) announced today the successful completion of its first industrial-scale hydrogen casting at C-TEC, Constellium's primary R&D center. This casting was performed in a 12-ton furnace following strict internal procedures. Quality monitoring, including the use of Batscan™ technology, an inclusion detection tool for molten aluminium, was conducted and no quality impact from hydrogen combustion on the metal was observed. "We are thrilled to an

Recently, the renowned European e-bike brand Muon showcased its full lineup of cutting-edge smart e-bikes at Eurobike 2024. The featured models included commuter, urban-style, and lightweight gravel e-bikes. As a rapidly growing brand, Muon highlighted its expertise and innovative spirit to industry professionals and distributors alike at this premier event. Eurobike, the world's leading bicycle trade show, annually attracts global bike traders and visitors to discuss the latest