Category: Official Press Release

@McLaren: Read more000127

Following a strategic review to focus the company’s growth as a global luxury supercar and elite motorsport business, McLaren Group has agreed to sell its Applied business division to Greybull Capital. The business will continue to be led by McLaren Applied’s current management team and to service its existing customer base with Greybull’s investment enabling… Continue reading @McLaren: Read more000127

@Toyota: Toyota Statement on New EPA Environmental Standards

Today the EPA proposed stringent new environmental standards for future vehicles. Concurrently, the Biden Administration set an aspirational goal that up to 50% of the new vehicle market will be electric by 2030. You can count on Toyota to do our part. This is great for the environment and helps protect the 436,000 American jobs… Continue reading @Toyota: Toyota Statement on New EPA Environmental Standards

@BMW: BMW Financial Services Announces the Launch of BMW Motorrad Extended Service Contracts.001359

Woodcliff Lake, NJ – August 5, 2021…BMW Motorrad USA and BMW Financial Services are proud to announce the launch of a new Extended Service Contract for BMW motorcycle and scooter riders. The ESC Extended Service Contract gives the rider peace of mind after their BMW New Vehicle Limited Warranty comes to an end. BMW Motorrad ESC… Continue reading @BMW: BMW Financial Services Announces the Launch of BMW Motorrad Extended Service Contracts.001359

ALYI Announces M&A Opportunity To Accelerate And Diversify EV Market Share Expansion

DALLAS, Aug. 5, 2021 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today announced a potential merger and acquisition opportunity coming from the company’s evolving electric motorcycle pilot in Kenya that could substantially accelerate the expansion of ALYI’s overall electric vehicle market share. ALYI CEO Randell Torno is currently in Nairobi to coordinate with all… Continue reading ALYI Announces M&A Opportunity To Accelerate And Diversify EV Market Share Expansion

World NM: GM’s Chevy Bolt recall comes with a huge price tag001431

New York (CNN Business)General Motors’ very expensive Chevy Bolt recall highlights one big risk of building electric vehicles. The challenge for the Bolt and other electronic vehicles is that the large batteries are by far the most expensive component — so replacing the battery is comparable to replacing the entire engine in a traditional car.… Continue reading World NM: GM’s Chevy Bolt recall comes with a huge price tag001431

@Daimler: Mercedes-Benz Vans celebrates 15 years in Charleston

Plant started as a semi-knockdown assembly facility in 2006 Electric future ahead: next generation eSprinter coming second half 2023 Additional 50 million euros investment in the plant Celebrating 15 years of progress, first-day employees and new team members Charleston, SC, USA – More than 200,000 Sprinter and Metris vans have been assembled in North Charleston… Continue reading @Daimler: Mercedes-Benz Vans celebrates 15 years in Charleston

Quanergy Expands Its Distribution of Industrial LiDAR Solutions with PowerMotion

SUNNYVALE, Calif.–(BUSINESS WIRE)– #AoT–Quanergy Systems, Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced a partnership with industrial automation distributor Power Motion to deliver 2D and 3D LiDAR solutions for industrial automation throughout the South Central United States. Power Motion offers a broad portfolio… Continue reading Quanergy Expands Its Distribution of Industrial LiDAR Solutions with PowerMotion

Daimler Truck AG and Cummins Inc. Have Signed Global Framework Agreement for Cooperation in Medium-duty Commercial Vehicle Engines

STUTTGART, Germany & COLUMBUS, Ind.–(BUSINESS WIRE)–Daimler Truck AG and U.S.-based global power leader and engine manufacturer Cummins Inc. (NYSE: CMI) announced in February that they would enter into a global strategic partnership for medium-duty engines. The details of the agreement have been established and the framework agreement has been signed by both companies. Under the… Continue reading Daimler Truck AG and Cummins Inc. Have Signed Global Framework Agreement for Cooperation in Medium-duty Commercial Vehicle Engines

@Ford: Ford Tech Helps Prevent Children and Pets Being Left in Hot Cars

DUBAI, UAE, 4 August 2021 – Whether for weekend getaways, or taking time out of the city, the staycation boom has seen many of us rely on our cars for our holidays. Every year, children and family pets suffer fatal heatstroke after drivers have left them inside cars, where temperatures can rapidly exceed those experienced outside. This… Continue reading @Ford: Ford Tech Helps Prevent Children and Pets Being Left in Hot Cars