Author: PR Newswire Online News

Motiv Power Systems Secures $60 Million to Scale EPIC All-Electric Chassis, Establish Detroit Operations

FOSTER CITY, Calif., Oct. 15, 2019 /PRNewswire/ — The leading provider of all-electric medium-duty chassis for buses and trucks, Motiv Power Systems announced today it has secured $60 Million in equity funding. The Series B round of investment was led by investors GMAG Holdings Corp. and Winnebago. These funds will support the overall growth of… Continue reading Motiv Power Systems Secures $60 Million to Scale EPIC All-Electric Chassis, Establish Detroit Operations

CATL and VWCO Collaborate to Speed up Global Commercial Vehicle Electrification

Remarkable LFP and CTP application– the latest standard CV product of CATLThe cooperated electric trucks will be applied with the latest model of standard battery pack in CATL that is specifically designed for commercial vehicles. Using the LFP chemistry system, which features exceptional long cycle life and high thermal runaway temperature of up to 800°C,… Continue reading CATL and VWCO Collaborate to Speed up Global Commercial Vehicle Electrification

Porsche and Boeing to Partner on Premium Urban Air Mobility Market

“Porsche is looking to enhance its scope as a sports car manufacturer by becoming a leading brand for premium mobility. In the longer term, this could mean moving into the third dimension of travel,” says Detlev von Platen, Member of the Executive Board for Sales and Marketing at Porsche AG. “We are combining the strengths… Continue reading Porsche and Boeing to Partner on Premium Urban Air Mobility Market

Neuron EV Releases Teaser for Second Annual CIIE Exhibition

IRVINE, Calif., Oct. 7, 2019 /PRNewswire/ — Visionary automotive company Neuron EV has announced that two new products will make their groundbreaking debut this November at the Second Annual International Import Expo in Shanghai, China. Neuron EV Releases Teaser for Second Annual CIIE Exhibition. Copyright © 2019 Neuron EV. All rights reserved. Neuron EV Releases… Continue reading Neuron EV Releases Teaser for Second Annual CIIE Exhibition

DeepRoute Raises $50 Million in Funding to Research and Develop Autonomous Vehicles

SILICON VALLEY, Calif., Oct. 7, 2019 /PRNewswire/ — DeepRoute, an international self-driving vehicle startup, today announced it has raised $50 million in its pre-Series A funding round to expand the global presence of the company’s autonomous driving solutions. The financing round was led by Fosun RZ Capital, the Beijing-based venture capital arm of Chinese conglomerate Fosun… Continue reading DeepRoute Raises $50 Million in Funding to Research and Develop Autonomous Vehicles

Cars.com Amends Credit Agreement to Increase Flexibility and Further Strengthen Liquidity Position

CHICAGO, Oct. 7, 2019 /PRNewswire/ — Cars.com Inc. (NYSE: CARS) (“Cars.com” or the “Company”), today announced the completion of an amendment to its existing credit facility, which resets the total net leverage covenant during the remaining term of the credit agreement while preserving the favorable pricing structure from the original agreement. The amendment increases the… Continue reading Cars.com Amends Credit Agreement to Increase Flexibility and Further Strengthen Liquidity Position