Press Releases

The advent of wireless charging in the commercial transport sector took a big step forward today with industry leader InductEV striking three new strategic partnerships. The company has reached agreements with Miller EV Solutions, Roush, and WB Engineers+Consultants to help accelerate the adoption of its high-power, on-route inductive charging technology and AI overlay for energy management. Each company will provide InductEV with mechanical and electrical engineering services to en

LG Energy Solution and Honda today marked Leap Day by erecting the final structural steel beam at the joint venture's new EV battery production facility being constructed near Jeffersonville, Ohio. This major construction milestone comes almost one year to the day after the groundbreaking that took place for the over 2 million square feet facility that is expected to be completed by the end of 2024. Projected to reach an overall investment of $4.4 billion and create some 2,200 n

Sporty compact sports cars like the Honda Civic Type R, Hyundai i30 N, Renault Mégane R.S., and VW Golf GTI prove they don't need rear-wheel or all-wheel drive. To help drivers improve lap times during track outings, suspension manufacturer KW automotive offers a range of club sport suspensions with component certificates. KW automotive launches a new generation of two-way adjustable clubsport coilover suspension for the 2023 Honda Civic Type R (FL5), designed to help drivers shave

Lyten, a supermaterial applications company and the leader in lithium-sulfur battery technology, announces its battery has been selected as the power source for the visionary Chrysler Halcyon Concept. Chrysler’s announcement states the Halcyon “envisions incorporating breakthrough Lyten 800V lithium-sulfur EV batteries that do not use nickel, cobalt or manganese, resulting in an estimated 60% lower carbon footprint than today's best-in-class batteries and a pathway t

Vehicle Service Group part of Dover and one of the world's leading automotive equipment companies, announced the launch of the Portal Lift 17 Vario, a new suspended pit lift under the Rotary brand in the EMEA (Europe, the Middle East and Africa) region. The Portal Lift 17 Vario joins Rotary's Blitz Series and has been engineered for heavy-duty use, with a capacity of 17 tons. Developed with a long-standing and innovative lift technology, the Blitz Series pit lifts are recogn

Foam Expo, the largest, free-to-attend trade fair and conference for foam products and manufacturing in North America, is returning for its seventh edition from June 25-27, 2024, in Novi, MI. Register to attend and you’ll gain easy

Group 1 Automotive, Inc. an international Fortune 300 automotive retailer with 200 dealerships located in the U.S. and U.K., today announced the acquisition of Newport Lexus and Tustin Lexus, two high performing Lexus dealerships in Orange County, California.  The dealerships are expected to generate $350 million in annual revenues bringing 2024 year-to-date total acquired revenues for Group 1 to $850 million, which follows $1.1 billion of acquired revenues in 2023. The Company

Karma Automotive, a Southern California ultra-luxury vehicle manufacturer, has acquired the technology assets and IP of Seattle, Wash., -based Airbiquity. Karma has also hired key technical employees and assumed the software company's significant OEM contracts. The acquisition provides Karma with Airbiquity's software product portfolio that has evolved over more than two decades to deliver connected vehicle solutions spanning over-the-air (OTA) updates, software development

Governor Brian P. Kemp, First Lady Marty A. Kemp, along with president and global COO of Hyundai Motor Company and president and CEO of Hyundai and Genesis Motor North America José Muñoz celebrated Hyundai Motor Group's (HMG) positive impact on the State of Georgia. At the event, Hyundai Motor Group Metaplant America (HMGMA) revealed that the official start of production has accelerated to the fourth quarter of 2024 with the grand opening celebration targeted for the first q

Clean Energy Fuels Corp. announced the opening of two new fueling stations that offer heavy-duty truck and other fleet vehicles renewable natural gas (RNG), one of the only fuels that receives a carbon-negative rating. A station in North Fort Worth, near Alliance and DFW airports, and another in South Dallas close to I-45, I-35 and I-20, are strategically located near dozens of distribution centers and allow trucks to take advantage of a fuel that provides similar convenience as diesel, yet i

Cisco and TELUS today announced they are launching new 5G capabilities in North America to serve IoT use cases across industry verticals, with a focus on connected cars. The network will serve as a foundation to support drive testing by a major North American automotive manufacturer's 5G Connected Car, while setting the stage for enhanced experiences for customers and revenue opportunities for carmakers. With these enhanced capabilities, TELUS Control Center powered by Cisco can

Open Lending Corporation an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today released data on automotive financing access for consumers with an Individual Taxpayer Identification Number (“ITIN”), a federal tax identification number that can be used to access financial services. Nonresident and resident aliens, regardless of immigration status, are issued ITINs for the purposes of filing taxes with the IRS. Support

Cyngn Inc. today announced results from its customer deployment with U.S. Continental. With a sprawling 100,000-square-foot factory, USC stands as a leading private label leather and fabric care company. USC has become the trusted partner for leading brands like Michael Kors, Birkenstock, and Monster Energy that seek top-tier commercial packaging and private label care product services. USC has enjoyed tremendous growth over the three decades it's been in business. In that time, the compa

AIR, creator of eVTOLs for the consumer market, today announced its partnership with Nidec Motor Corporation, a leading manufacturer of commercial, industrial, and appliance motors and controls, to develop the motor for the production model of AIR's two-seater eVTOL (electric vertical takeoff and landing) aircraft, AIR ONE. The two companies will design and develop a motor specifically for mid-sized eVTOL aircraft, ultimately filling a void in the burgeoning AAM (advanced air mobility) in

Cloyes Gear & Products, Inc. the global leader and designer of mission-critical timing drive systems and components for the automotive aftermarket, today announced the acquisition of Denton, TX based Automotive Tensioners, Inc. (“ATI”), a leading front-end accessory drive pulley and tensioner supplier to the automotive aftermarket. This acquisition marks Cloyes’ second acquisition in the past four months and further strengthens the platform’s value proposition to r