FORT LAUDERDALE, Fla., Feb. 23, 2022 /PRNewswire/ — AutoNation, Inc. (NYSE: AN) (the “Company”) announced today the pricing of $700 million aggregate principal amount of senior unsecured notes due 2032 at 3.850% (the “notes”). The notes will be issued at 99.835% of the aggregate principal amount, representing a yield to maturity of 3.870%. The offering is… Continue reading AutoNation Announces Pricing of $700 Million Aggregate Principal Amount of Senior Notes
Category: News Type
CEO Jim Farley vows Ford Motor will not split in two — previews restructuring
Ford CEO Jim Farley fed Wednesday what seemed to be an insatiable appetite among investor analysts clamoring to hear his latest thinking about the future of the 118-year-old automaker and whether he plans to create a second company for the rapidly evolving battery-electric vehicle business. He stated unequivocally that recent speculation about Ford splitting its operation into two separate companies focused on traditional internal… Continue reading CEO Jim Farley vows Ford Motor will not split in two — previews restructuring
Tesla Recalls Cars With Full Self-Driving to Prevent Rolling Stops
Tesla is recalling 54,000 cars equipped with its Full Self-Driving software to disable a feature that in certain conditions lets the vehicles roll slowly through intersections without stopping. The move comes after the automaker was criticized on social media for enabling “rolling stops” in violation of traffic regulations. “Failing to stop at a stop sign… Continue reading Tesla Recalls Cars With Full Self-Driving to Prevent Rolling Stops
Tesla announces new investment in Gigafactory Shanghai on road to 1 million electric cars per year
Tesla announced a new investment to expand production at Gigafactory Shanghai on the road to achieving a production capacity of 1 million electric cars per year at the factory. Last year, CEO Elon Musk disclosed that Gigafactory Shanghai has now surpassed Fremont Factory in production capacity, and Tesla has made the Chinese factory its new main… Continue reading Tesla announces new investment in Gigafactory Shanghai on road to 1 million electric cars per year
Meet the Omnivore: 3D Creator Makes Fine Art for Digital Era Inspired by Silk Road Masterpieces
Editor’s note: This post is a part of our Meet the Omnivore series, which features individual creators and developers who use NVIDIA Omniverse to accelerate their 3D workflows and create virtual worlds. Within the Mogao Caves, a cultural crossroads along what was the Silk Road in northwestern China, lies a natural reserve of tens of… Continue reading Meet the Omnivore: 3D Creator Makes Fine Art for Digital Era Inspired by Silk Road Masterpieces
Auto parts supplier Tenneco being taken private in $7.1 billion deal
Automotive parts maker Tenneco is being taken private by funds managed by affiliates of private equity firm Apollo in an all-cash deal valued at about $7.1 billion. The transaction includes the assumption of Tenneco’s debt. Apollo will pay $20 per Tenneco Inc. share, double from Tenneco’s closing price Tuesday of $9.98. Tenneco will continue to… Continue reading Auto parts supplier Tenneco being taken private in $7.1 billion deal
EV Connect expands Charging-as-a-Service program
Charging network operator EV Connect is expanding its EV Charging-as-a-Service (EVCaaS) program. Backed by investor Mitsui, the program offers a one-stop shop that includes hardware, software and service offerings. An EVCaaS subscription includes charging stations, management software, 24/7 driver support and ongoing maintenance and repair. EV Connect provides consulting services at every phase of the… Continue reading EV Connect expands Charging-as-a-Service program
@Toyota: Off-Chain Credit Data Meets On-Chain Loans: Our Investment in Teller
As a former chief privacy officer and privacy wonk, I understand and appreciate the value of data, privacy, compliance, and governance. The Fair Credit Reporting Act of 1970 (FCRA) is a favorite law of mine (for those of us that collect favorite pieces of legislation). The FCRA wisely refrains from restricting the availability of data,… Continue reading @Toyota: Off-Chain Credit Data Meets On-Chain Loans: Our Investment in Teller
@Toyota: Toyota Expands Partnership with Connected Analytic Services
Telematics data aggregator enhances product offerings and adds to its growing data pool PLANO, Texas (Feb. 23, 2022) – Connected Analytic Services, LLC (CAS), an affiliate of Toyota Insurance Management Solutions USA, LLC (TIMS), has expanded its partnership with Toyota Motor North America, adding new product offerings to enhance the ownership experience for owners of… Continue reading @Toyota: Toyota Expands Partnership with Connected Analytic Services
Aditya Thackeray launches special cell dedicated to Electrical Vehicles in Mumbai
The ‘Mumbai EV Cell’ has been launched in collaboration with a company called WRI India. Mumbai: Maharashtra Cabinet Minister Aditya Thackeray on Wednesday launched a special cell under Brihanmumbai Municipal Corporation (BMC) dedicated to accelerate Electrical Vehicles’ ‘transition and adoption’ in Mumbai. The ‘Mumbai EV Cell‘ has been launched in collaboration with a company called… Continue reading Aditya Thackeray launches special cell dedicated to Electrical Vehicles in Mumbai