Hertz Announces Commencement of Cash Tender Offer to Purchase All of Its Outstanding Series A Preferred Stock and Consent Solicitation

ESTERO, Fla., Nov. 23, 2021 /PRNewswire/ — Hertz Global Holdings, Inc. (NASDAQ: HTZ) (“Hertz” or the “Company”) announced that it is commencing today a tender offer to purchase all of its outstanding Series A Preferred Stock, par value $0.01 per share (the “Series A Preferred Shares”), at a price per Series A Preferred Share of $1,250.00,… Continue reading Hertz Announces Commencement of Cash Tender Offer to Purchase All of Its Outstanding Series A Preferred Stock and Consent Solicitation

Valeo Introduces Its Third Generation LiDAR

DETROIT, Nov. 23, 2021 /PRNewswire/ — Valeo, the global leader in advanced driving assistance systems (ADAS), has introduced its third generation scanning LiDAR system set for market debut in 2024. The new technology offers significantly enhanced performance, makes autonomous mobility a reality and provides previously unseen levels of road safety. Geoffrey Bouquot, Valeo’s senior vice president… Continue reading Valeo Introduces Its Third Generation LiDAR

Ford Technical Assistance Center Using TeamViewer Frontline Augmented Reality Solution to Streamline Customer Vehicle Repairs Worldwide

TAMPA BAY, Fla., Nov. 23, 2021 /PRNewswire/ — TeamViewer, a leading global provider of remote connectivity and workplace digitalization solutions, today announced that the Ford Motor Company is using TeamViewer’s Frontline solution to add augmented reality (AR) “See What I See” assistance to provide enhanced support to automotive technicians across its global network of Ford… Continue reading Ford Technical Assistance Center Using TeamViewer Frontline Augmented Reality Solution to Streamline Customer Vehicle Repairs Worldwide

With its new generation LiDAR, Valeo makes autonomous mobility a reality

PARIS, Nov. 23, 2021 /PRNewswire/ — Valeo, the global leader in driving assistance systems (ADAS), today presented its third generation scanning LiDAR, set to make its market debut in 2024. This new technology, which offers significantly enhanced performance, makes autonomous mobility a reality and provides previously unseen levels of road safety. Geoffrey Bouquot, Valeo’s Senior… Continue reading With its new generation LiDAR, Valeo makes autonomous mobility a reality

El nuevo HiPhi Z ultrafuturista de Human Horizons impulsa los estándares de la industria de la automoción

La inspiración para el modelo HiPhi Z se encuentra en los conceptos de espacio y tiempo, y el vehículo esencialmente desempeña el papel de un conducto hacia el futuro. Cuenta con ideas propias de un automóvil de 20 años en el futuro a la actualidad. A partir de las palabras del famoso físico Albert Einstein,… Continue reading El nuevo HiPhi Z ultrafuturista de Human Horizons impulsa los estándares de la industria de la automoción

DENSO Receives Automotive Innovation Award for Collaboration with Ford Motor Company on Respirator Components

SOUTHFIELD, Mich., Nov. 19, 2021 /PRNewswire/ — Ford Motor Company and DENSO have received an Automotive Innovation Award from the Society of Plastics Engineers’ (SPE) Automotive Division. They earned the honor for their alliance to produce respirators for frontline workers battling COVID-19. It was a project that represented unprecedented mobilization across the companies to ramp up new… Continue reading DENSO Receives Automotive Innovation Award for Collaboration with Ford Motor Company on Respirator Components

Bridgestone Announces Plans to Expand Americas Technology Center Campus with New Test Track Facility

The new tire testing facility will support ongoing research and play an indispensable role in the tire development work taking place across the Akron campus by allowing teammates the opportunity to drive prototypes firsthand and quickly understand the performance enhancements necessary for the tires they are designing. The track will also supplement comprehensive tire testing operations… Continue reading Bridgestone Announces Plans to Expand Americas Technology Center Campus with New Test Track Facility

ZF and CATL Join Forces for an Optimal Aftermarket Service in E-Mobility and Energy Storage

ZF and CATL signed a global strategic partnership agreement to push forward cooperation in aftermarket services The partnership will improve the core competitiveness of both ZF and CATL in e-mobility Both sides will play a greater role globally in building up sustainable automotive & industrial ecosystem NINGDE, China, Nov. 19, 2021 /PRNewswire/ — On November… Continue reading ZF and CATL Join Forces for an Optimal Aftermarket Service in E-Mobility and Energy Storage

GPB Capital Closes Sale of Prime Automotive Group to Group 1 Automotive

NEW YORK, Nov. 18, 2021 /PRNewswire/ — GPB Capital Holdings, LLC (“GPB Capital”) has finalized the sale of Prime Automotive Group to Group 1 Automotive, Inc. (“Group 1”), an international, Fortune 500 automotive retailer with 217 dealerships located in the U.S., U.K., and Brazil. This closing completes the purchase of substantially all the assets, including real… Continue reading GPB Capital Closes Sale of Prime Automotive Group to Group 1 Automotive

BorgWarner Awarded Grant to Launch e-Product in Cadillac, Michigan Plant

    CADILLAC, Mich., Nov. 18, 2021 /PRNewswire/ — BorgWarner Thermal Systems has been awarded a grant to grow its electric vehicle business and is set to launch a new high-voltage coolant heater (HVCH) at its existing facility in Cadillac, Michigan. The electrification project is expected to generate a total capital investment of $11.2 million and create… Continue reading BorgWarner Awarded Grant to Launch e-Product in Cadillac, Michigan Plant