“We are honored to be recognized once again by GM and proud of the hard work and dedication our teammates globally have consistently demonstrated to design best-in-class products and solutions that continue to meet and exceed the needs of our customers,” said Shannon Quinn, president, original equipment tires, U.S. and Canada, Bridgestone Americas Tire Operations.… Continue reading Bridgestone Recognized by General Motors as a 2019 Supplier of the Year
Author: PR Newswire Online News
Karma Set To Expand European Retail Network In Germany, Switzerland And Austria
Karma’s presence in the DACH region will further underline the brand’s international growth plans, as its global retail network remains on track to expand to five continents in 2020. Karma already signed partnerships with dealers in the Netherlands, Sweden, France, Spain and Portugal and aims to be represented in all major European markets by year-end.… Continue reading Karma Set To Expand European Retail Network In Germany, Switzerland And Austria
VOXX International Corporation Acquires Majority Of Directed’s Automotive Aftermarket Business
ORLANDO, Fla., July 6, 2020 /PRNewswire/ — VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, is pleased to announce it has successfully acquired the aftermarket vehicle remote start and security systems (“RSS”) and connected car solutions (“CC”) businesses of Directed, LLC and Directed Electronics Canada… Continue reading VOXX International Corporation Acquires Majority Of Directed’s Automotive Aftermarket Business
Hyundai Mobis Invests in Silicon Valley Tech Funds
– Investing $20 million in 2 Silicon Valley tech funds…fostering future mobility startups in the mid-to-long term – Concentrating on R&D amid rapidly changing business environment…expanding research areas to include next-generation sensors, biometrics and robotics SEOUL, South Korea, July 2, 2020 /PRNewswire/ — Hyundai Mobis(KRX:012330), which has been devoted to securing future car technologies by developing… Continue reading Hyundai Mobis Invests in Silicon Valley Tech Funds
Veoneer and Volvo Cars Finalize Split of Software Joint Venture Zenuity
STOCKHOLM, July 2, 2020 /PRNewswire/ — The automotive technology company, Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), has finalized the split of Zenuity, its software and ADAS joint venture with Volvo Cars. As part of the split, Veoneer received IP licenses and strengthened its software and systems team with around 200 software engineers joining… Continue reading Veoneer and Volvo Cars Finalize Split of Software Joint Venture Zenuity
Brose Recognized by General Motors as a 2019 Supplier of the Year Winner
During the event, GM recognized 116 of its best suppliers from 15 countries that have consistently exceeded GM’s expectations, created outstanding value or introduced innovations to the company. The awards ceremony was originally scheduled as a live-event to be held in March but was postponed due to the impact of the COVID-19 pandemic. The recognition… Continue reading Brose Recognized by General Motors as a 2019 Supplier of the Year Winner
Porsche Reports Second Quarter U.S. Retail Deliveries
“May and June witnessed a rebound of customer demand from April, and record Certified Pre-Owned sales in June are another indicator of sustained passion for Porsche,” said Klaus Zellmer, President and CEO of PCNA. “Our dealer partners have gone above and beyond and displayed a high level of agility to ensure customers’ safety and mobility… Continue reading Porsche Reports Second Quarter U.S. Retail Deliveries
ALYI – Alternet Announces Partial Prefunding in Conjunction With $25 Million Investment Deal
DALLAS, July 1, 2020 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today announced the company will receive up to $2.5 million in advance of a $25 million first tranche investment agreement currently committed under a letter of intent (LOI). ALYI yesterday announced executing a letter of intent (LOI) for a $25 million first tranche investment… Continue reading ALYI – Alternet Announces Partial Prefunding in Conjunction With $25 Million Investment Deal
Genesis Reports June and Half-Year 2020 Sales
“Despite a steep decline in the luxury market, Genesis increased sales significantly over last month. As the market recovers, I am confident that Genesis is well-positioned to garner a lot more attention in the second half of the year, said Mark Del Rosso, President and Chief Executive Officer, Genesis Motor North America. Last week, J.D. Power’s 2020… Continue reading Genesis Reports June and Half-Year 2020 Sales
Hyundai Motor America Reports June and Q2 2020 Sales
FOUNTAIN VALLEY, Calif., July 1, 2020 /PRNewswire/ — Hyundai Motor America reported total June sales of 50,135 units, a 22% decrease compared with June 2019. Retail sales grew 6% despite the ongoing economic challenges. It is the second straight month the company has recorded increasing year-over-year retail sales. Fleet sales were down 93% and represented only… Continue reading Hyundai Motor America Reports June and Q2 2020 Sales