ST. LOUIS, Mo., Nov. 1, 2021 /PRNewswire/ — Graybar, a leading distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, today announced that it has completed the acquisition of Steven Engineering, Inc. Headquartered in South San Francisco, Calif., Steven Engineering provides advanced automation, motion control and… Continue reading Graybar Acquires Steven Engineering
Category: Official Press Release
@FCA: Stellantis Closes Previously Announced Acquisition of First Investors Financial Services Group
November 1, 2021 , AMSTERDAM – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) is pleased to announce completion of the acquisition of F1 Holdings Corp., parent company to First Investors Financial Services Group (“First Investors”), from an investor group led by Gallatin Point Capital LLC. The acquisition, previously announced on September 1, 2021,… Continue reading @FCA: Stellantis Closes Previously Announced Acquisition of First Investors Financial Services Group
Honda Strengthens Commitment to Corporate Social Responsibility in America; Strategy Includes New Charitable Funding Opportunities
“By aligning our CSR strategy around key areas of our societal commitment, Honda is taking steps toward our goal of helping people reach their life’s potential,” said Yvette Hunsicker, vice president of the Corporate Social Responsibility and Inclusion & Diversity Divisions, American Honda Motor Co., Inc. “We are committed to making positive and lasting change… Continue reading Honda Strengthens Commitment to Corporate Social Responsibility in America; Strategy Includes New Charitable Funding Opportunities
Autobrains Announces $101 Million Series C Funding Led by Temasek
Autobrains, developer of self-learning AI for autonomous driving raised $101 million in Series C financing. Tweet this Today’s announcement reflects anticipation from global leaders, including Tier 1 suppliers and OEMs, as well as sophisticated investment funds, that Autobrains is disrupting the advanced driver-assistance systems (ADAS) and autonomous vehicle marketplace with its alternative approach to AI… Continue reading Autobrains Announces $101 Million Series C Funding Led by Temasek
Alpha Motor Corporation ACE Coupe and JAX Crossover Announced As 2021 The ZEVAS Finalists
IRVINE, Calif., Nov. 1, 2021 /PRNewswire/ — The Alpha Motor Corporation ACE Coupe and JAX Crossover are Finalists for the Los Angeles Auto Show’s inaugural zero-emission vehicle awards program – THE ZEVAS™ – powered by Electrify America. The final round of voting for THE ZEVAS will be open today, Monday, November 1 and end on Thursday,… Continue reading Alpha Motor Corporation ACE Coupe and JAX Crossover Announced As 2021 The ZEVAS Finalists
Hankook Tire to Provide Two Original Equipment Fitments for 2022 Nissan Frontier
Optimized for all-season functionality and highway performance, the premium Dynapro HT provides drivers with longer tread wear, improved traction and low rolling resistance. Featuring a snow kerf, multi-depth lateral lugs, and button and semi-solid ribs, the Dynapro HT is also built for improved traction in snow. Its unique cap tread is engineered with an optimized… Continue reading Hankook Tire to Provide Two Original Equipment Fitments for 2022 Nissan Frontier
AutoBuy, the Automotive Remarketing Disruptor, Marks Triple Digit Growth
“Our virtual appraisal process was already in progress when the pandemic hit and has only accelerated our vehicle sourcing opportunities, putting us in the sweet spot of current market need and further driving our rapid sales growth and business expansion,” said Mark Maida, AutoBuy Co-founder and CEO. “AutoBuy has always been a disrupter in the… Continue reading AutoBuy, the Automotive Remarketing Disruptor, Marks Triple Digit Growth
Atlis Motor Vehicles Forms Strategic Collaboration With EAVX To Develop Electric Commercial Work Trucks
MESA, Ariz., Nov. 1, 2021 /PRNewswire/ — Atlis Motor Vehicles (ATLIS), a startup mobility technology company, announced today the signing of a Strategic Collaboration Agreement with the JB Poindexter & Co business unit EAVX to develop electric commercial work truck products that integrate EAVX bodies and accessories with the ATLIS XP platform. ATLIS is developing a fully electric… Continue reading Atlis Motor Vehicles Forms Strategic Collaboration With EAVX To Develop Electric Commercial Work Trucks
BorgWarner to Supply European OEM with SiC Inverters for New Electric Vehicles
AUBURN HILLS, Mich., Nov. 1, 2021 /PRNewswire/ — BorgWarner announced today that its 400V Silicon Carbide (SiC) inverter has been selected to help power various models of a European OEM’s battery electric vehicles. The inverter features dual-sided cooled power switches, providing a significant breakthrough in support of vehicle electrification and offering OEMs superior operational characteristics such… Continue reading BorgWarner to Supply European OEM with SiC Inverters for New Electric Vehicles
@Tata-JLR: SEMICONDUCTOR SHORTAGE CONTINUES TO CONSTRAIN SALES AND PROFITABILITY IN Q2 DESPITE STRONG DEMAND
Q2 wholesales 64,032, down 12.8% year-on-year due to chip supply, in line with guidance Revenue of £3.9 billion and pre-tax loss of £302 million Free cash outflow of £664 million, significantly better than expected £1 billion outflow Demand remains strong with record order book of more than 125k units Strong liquidity of £5.9 billion at… Continue reading @Tata-JLR: SEMICONDUCTOR SHORTAGE CONTINUES TO CONSTRAIN SALES AND PROFITABILITY IN Q2 DESPITE STRONG DEMAND