SEATTLE, Nov. 7, 2019 /PRNewswire/ — Wrench, the mobile vehicle maintenance and repair solution that brings dealer-quality service directly to consumers and fleet customers across the U.S., today announced a $20 million Series C funding round led by Vulcan Capital, with additional participation from Madrona Venture Group, Tenaya Capital and Marubeni Corporation. The funding will accelerate… Continue reading Wrench Announces $20M Series C to Bring Highest Quality Vehicle Maintenance and Repair Services to More Doors Across U.S.
Author: PR Newswire Online News
Adient reports fourth quarter and full-year 2019 financial results; earnings and cash flow growth expected in fiscal 2020
PLYMOUTH, Mich., Nov. 7, 2019 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced fourth quarter and full-year 2019 financial results. Impacted by one-time, non-cash charges, Q4 GAAP net loss and EPS diluted of $(4) million and $(0.04), respectively; Q4 Adj.-EPS diluted of $0.63 Q4 Adj.-EBIT and Adj.-EBITDA of $138 million… Continue reading Adient reports fourth quarter and full-year 2019 financial results; earnings and cash flow growth expected in fiscal 2020
Cars.com Reports Third Quarter 2019 Results
CHICAGO, Nov. 6, 2019 /PRNewswire/ — Cars.com Inc. (NYSE: CARS) (“Cars.com” or the “Company”), a leading digital marketplace and solutions provider for the automotive industry, today released its financial results for the quarter ended September 30, 2019. Q3 Financial Highlights Revenue of $152.1 million, down $17.2 million, or 10%, year-over-year, in line with expectations Non-cash… Continue reading Cars.com Reports Third Quarter 2019 Results
Hyundai Autron Selects BlackBerry QNX to Power Next-Generation ADAS and Autonomous Driving Software Platform
WATERLOO, Ontario and SEOUL, South Korea, Nov. 5, 2019 /PRNewswire/ — BlackBerry Limited (NYSE: BB; TSX: BB) today announced that Hyundai Autron has selected BlackBerry QNX to power its next-generation advanced driver-assistance systems (ADAS) and autonomous driving software platform. Hyundai Autron, a subsidiary of South Korea’s largest automobile manufacturer Hyundai Motor Group, is a leading research and development… Continue reading Hyundai Autron Selects BlackBerry QNX to Power Next-Generation ADAS and Autonomous Driving Software Platform
Dana Prices $300 Million in Senior Notes Offering
MAUMEE, Ohio, Nov. 5, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) (“Dana”) today announced that it has priced its previously announced offering of senior unsecured notes of $300 million at 5.375% due 2027. The company intends to use the net proceeds from the offering, together with cash on hand, to purchase in the company’s previously… Continue reading Dana Prices $300 Million in Senior Notes Offering
Autonomous Race Car Competition To Take Place at Indianapolis Motor Speedway in 2021
Landmark autonomous race to take place at Indianapolis Motor Speedway in 2021. IMS, Energy Systems Network, Dallara Automobili and Clemson University join forces to power competition featuring $1 million prize. Five universities already registered to form race teams and enter the event. The birthplace of motorsports innovation soon will be home to a historic, trailblazing… Continue reading Autonomous Race Car Competition To Take Place at Indianapolis Motor Speedway in 2021
Kia’s Futuron Concept proposes an illuminating new design for an electric SUV coupe
With a design based around the notion of dynamic purity, the Futuron Concept merges elegant proportions with pure shapes and surfaces. Its lightweight SUV coupe body incorporates a fully-electric all-wheel drive powertrain, wrapped in bold yet modern exterior surfaces, and with a flexible, high-tech interior. The Futuron makes its public debut today at the 2019… Continue reading Kia’s Futuron Concept proposes an illuminating new design for an electric SUV coupe
Toyota Strengthens Manufacturing Organization
PLANO, Texas, Nov. 4, 2019 /PRNewswire/ — As part of its commitment to mobility and helping people find better ways to go places, Toyota Motor North America, Inc. (TMNA) today announced several changes to its organization to further improve unprecedented changes to the automotive landscape. Effective immediately, TMNA will establish a Manufacturing Project Innovation Center… Continue reading Toyota Strengthens Manufacturing Organization
Workhorse Hosts Next Generation Vehicle Demonstrations and Test Drive Event at TRC for Current and Prospective Customers
Now officially named the C1000, this EDV was previously known as the Workhorse N-GEN, a placeholder used in reference to the Company’s overall development project. With production imminent, the Company is formally unveiling the new, clean name and look. The “C” references the vehicle’s “composite” body while the numeral indicates the cubic feet of the… Continue reading Workhorse Hosts Next Generation Vehicle Demonstrations and Test Drive Event at TRC for Current and Prospective Customers
Daimler launches new corporate structure
STUTTGART, Germany, Nov. 4, 2019 /PRNewswire/ — Daimler Group comprising parent company and three operating subsidiaries Increased customer focus and agility with Mercedes-Benz AG, Daimler Truck AG and Daimler Mobility AG Daimler AG continues to be the only listed company Ola Källenius, Chairman of the Board of Management of Daimler AG and Mercedes-Benz AG: “Our… Continue reading Daimler launches new corporate structure