Author: PR Newswire Online News

Lucid Motors Closes $1BN+ Investment from the Public Investment Fund of Saudi Arabia

Since announcing the investment agreement in September, Lucid has made substantial progress towards the commercialization of its products. The company has advanced the Lucid Air toward beta vehicle testing, established a vehicle charging network partnership with Electrify America, and is preparing to break ground on Lucid’s new manufacturing facility in Casa Grande, Arizona. Lucid’s team… Continue reading Lucid Motors Closes $1BN+ Investment from the Public Investment Fund of Saudi Arabia

American Honda and Honda Brand Set March Sales Records Fueled by Robust Car Sales; Acura Brand Continues Resurgence

Honda’s record March sales was led by Accord and Civic, as Honda cars were big contributors, even as trucks also set a new March record with strong sales for HR-V, CR-V and Ridgeline.   Civic, the retail car sales leader through February, rose 3.3% on sales of 33,653 units for a new March record.  Accord gained… Continue reading American Honda and Honda Brand Set March Sales Records Fueled by Robust Car Sales; Acura Brand Continues Resurgence

Mazda Reports March Sales Results

IRVINE, Calif., April 2, 2019 /PRNewswire/ — Mazda North American Operations (MNAO) today reported total March sales of 26,934 vehicles, a decrease of 19.1 percent compared to March 2018. Year-to-date sales through March saw a decrease of 15.7 percent, with 70,833 vehicles sold. With 27 selling days in March, compared to 28 the year prior, the… Continue reading Mazda Reports March Sales Results

Toyota Motor North America Reports March 2019 Sales

PLANO, Texas, April 2, 2019 /PRNewswire/ — Toyota Motor North America (TMNA) today reported March 2019 sales of 214,947 vehicles, an increase of 0.1 percent on a daily selling rate (DSR) basis and a decrease of 3.5 percent on a volume basis versus March 2018. For the quarter, TMNA reported sales of 543,714 vehicles, a decrease… Continue reading Toyota Motor North America Reports March 2019 Sales

Lear Corporation to Acquire Xevo, a Leader in Connected Car Software and Data-Driven User Experiences

SOUTHFIELD, Mich., April 2, 2019 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in seating and electrical and electronic systems, today announced it has entered into a definitive agreement to acquire Seattle-based Xevo Inc., a leading automotive software supplier that develops solutions for cloud, car, and mobile devices. Xevo’s Journeyware suite of… Continue reading Lear Corporation to Acquire Xevo, a Leader in Connected Car Software and Data-Driven User Experiences