Category: Automotive

S&P Global Mobility predicts strong monthly SAAR for October

“Pockets of vehicle inventory levels continue to improve more quickly than expected from extraordinarily low levels and bring welcome news on the supply side of the equation. However, auto consumers are likely feeling the pressure of current economic headwinds,” according to Chris Hopson, Principal Analyst at S&P Global Mobility. “While we continue to point to inventory levels… Continue reading S&P Global Mobility predicts strong monthly SAAR for October

ATA President Says Federation Committed to Winning on Behalf of Industry

SAN DIEGO, Oct. 24, 2022 /PRNewswire/ — Today, the American Trucking Associations President and CEO Chris Spear said the Federation was committed to continuing delivering wins on behalf of the trucking industry. “Since taking this job, I’ve made it clear that your association’s primary objective is winning… winning on behalf of the members and this great industry,… Continue reading ATA President Says Federation Committed to Winning on Behalf of Industry

Ansys Congratulates Oracle Red Bull Racing Team on Constructors’ Championship Victory

Oracle Red Bull Racing and driver Max Verstappen stand as champions this season, powered by Ansys simulation software / Key Highlights Ansys Innovation Partner Oracle Red Bull Racing wins Constructors’ Formula One World Championship The team also won the Drivers’ Formula One World Championship earlier in the season, marking a double win for the first time… Continue reading Ansys Congratulates Oracle Red Bull Racing Team on Constructors’ Championship Victory

bauma 2022: la mayor gama de productos de XCMG en el extranjero hasta la fecha

-bauma 2022: la mayor gama de productos de XCMG en el extranjero hasta la fecha muestra los nuevos esfuerzos de construcción de energía MUNICH, 24 de octubre de 2022 /PRNewswire/ — XCMG (SHE: 000425) inauguró su mayor exposición en el extranjero hasta la fecha en bauma 2022 el 24 de octubre en Múnich, Alemania, presentando… Continue reading bauma 2022: la mayor gama de productos de XCMG en el extranjero hasta la fecha

Zoomcar to Go Public

The new combined company will trade under the symbol “IOAC” on the Nasdaq. Photo: Zoomcar India-based carsharing service Zoomcar announced a $10 million financial investment on Oct. 19 as it merges with Innovative International Acquisition Corp. The merger agreement will result in Zoomcar becoming a publicly listed company. The transaction values the combined company at an implied… Continue reading Zoomcar to Go Public

PE-VC exits in India drop to $11.7b in first nine months of 2022In the entire 2021, investors had reaped $37b from 283 deals.

With only a little over two months remaining for 2022 to end, private equity (PE) and venture capital (VC) exits in India are nowhere close to that of 2021 levels. PE and VC firms encashed just $11.7 billion across 162 exit transactions during the first nine months of this year, show data from research firm… Continue reading PE-VC exits in India drop to $11.7b in first nine months of 2022In the entire 2021, investors had reaped $37b from 283 deals.

People Digest: Carlyle appoints PE head for Australia, NZ; Avenue Family Office names new partner

Global investment firm Carlyle has appointed Geoff Hutchinson as managing director and head of private equity in Australia and New Zealand, while Avenue Family Office has appointed Anthony Chan, a banker with 30 years of experience in corporate banking and wealth management, as a partner. Carlyle appoints PE head for Australia, NZ Global investment firm Carlyle… Continue reading People Digest: Carlyle appoints PE head for Australia, NZ; Avenue Family Office names new partner

Maserati Grancabrio due next year as first electric drop-top GT

Maserati is primed to bring back the Grancabrio name next year for a convertible version of the reborn Granturismo.  The revitalised Maserati Grancabrio will feature nearly identical technical specifications across the board, said Maserati. That means a choice of two V6 options (with 489bhp and 550bhp) and a Folgore-badged EV with 745bhp. When the Folgore variant lands, making the… Continue reading Maserati Grancabrio due next year as first electric drop-top GT

Aiways U6 to arrive in Europe as £34,000 VW ID 5 rival

Aiways has confirmed it will begin sales of its new U6 in selected European markets in December at a price tipped to start at around €39,000 (£34,000), ahead of planned deliveries of left-hand-drive models during the first half of 2023. Initially previewed in concept form at the Chengdu motor show in 2020, the U6 is… Continue reading Aiways U6 to arrive in Europe as £34,000 VW ID 5 rival