Author: PR Newswire Online News

AAM Announces Sale Of U.S. Iron Casting Operations To Funds Managed By Gamut Capital Management

DETROIT, Sept. 18, 2019 /PRNewswire/ — American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) announced today that it has entered into a definitive agreement to sell its U.S. iron casting operations (“Grede”) to funds managed by Gamut Capital Management (“Gamut”) for an aggregate purchase price of $245 million, subject to certain customary adjustments. Across 10… Continue reading AAM Announces Sale Of U.S. Iron Casting Operations To Funds Managed By Gamut Capital Management

Toyota Injects $391 Million New Investment in Its San Antonio Assembly Plant

As part of Toyota’s commitment to help San Antonio’s workforce and education, Alamo Promise will receive a $500,000 donation from Toyota Texas over a five-year period. Alamo Promise’s mission is to end poverty, enhance economic and social mobility and meet workforce demands throughout the city. Separately, Aisin AW, a supplier to Toyota Texas and other… Continue reading Toyota Injects $391 Million New Investment in Its San Antonio Assembly Plant

Start-Up Launches New Ride-Hail Platform That Guarantees the Lowest Rate Possible For Every Ride

NEW YORK, Sept. 17, 2019 /PRNewswire/ — Ride-hail technology innovator Bid2Ride today launched the world’s first hybrid app that combines a bid-based pricing model with a rate aggregation platform, serviced by its own fleet of licensed drivers. By integrating these two features into one app, Bid2Ride guarantees customers the lowest rate for every ride by… Continue reading Start-Up Launches New Ride-Hail Platform That Guarantees the Lowest Rate Possible For Every Ride

Fair Closes $500 Million to Unlock Rideshare Supply and Scale Subscriptions

SANTA MONICA, Calif., Sept. 17, 2019 /PRNewswire/ — In a transaction designed to sharply scale its rapidly growing Uber partnership, vehicle subscription app Fair today announced a $500 million revolving credit facility led by Mizuho Bank that will allow drivers nationwide to access a rideshare-ready Fair car, regardless of credit. SoftBank Group Corp. (“SBG”) is among… Continue reading Fair Closes $500 Million to Unlock Rideshare Supply and Scale Subscriptions

Trimble Offers Complimentary Version of Visibility Platform to its Existing Transportation Customers

HOUSTON, Sept. 16, 2019 /PRNewswire/ — Trimble (NASDAQ: TRMB) announced today that many of its carrier customers now have complimentary access to a selection of key tools found in its industry-leading Visibility platform. This new version of the Visibility solution utilizes data pulled in from Trimble’s Transportation Management System (TMS) and Mobility solutions to give… Continue reading Trimble Offers Complimentary Version of Visibility Platform to its Existing Transportation Customers