Auto Roundup: Key Tidbits From Q3 Reports of GT, CMI, LEA, CVNA & TEN

Last week, many auto biggies released U.S. vehicle sales data for the month of October 2022. Among the automakers that revealed monthly sales numbers, Toyota, Mazda, Hyundai, Kia, Subaru and Volvo registered year-over-year gains, while Ford and Honda posted a decline in sales.  Per Motor Intelligence, the seasonally adjusted annualized rate of sales reached 15.28… Continue reading Auto Roundup: Key Tidbits From Q3 Reports of GT, CMI, LEA, CVNA & TEN

New Strong Sell Stocks for November 7th

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Auto Roundup: Key Tidbits From Q3 Reports of GT, CMI, LEA, CVNA & TEN

Last week, many auto biggies released U.S. vehicle sales data for the month of October 2022. Among the automakers that revealed monthly sales numbers, Toyota, Mazda, Hyundai, Kia, Subaru and Volvo registered year-over-year gains, while Ford and Honda posted a decline in sales.  Per Motor Intelligence, the seasonally adjusted annualized rate of sales reached 15.28… Continue reading Auto Roundup: Key Tidbits From Q3 Reports of GT, CMI, LEA, CVNA & TEN

Yassir pulls in $150M for its super app, led by BOND

Yassir, an African super app platform that offers on-demand services such as ride-hailing, food and grocery delivery, and payments, has raised $150 million in Series B funding, five times what it raised in its previous priced round last November.  The investment was led by BOND, the growth-stage firm that Mary Meeker spun out of Kleiner… Continue reading Yassir pulls in $150M for its super app, led by BOND

Trouble brews at Arrival, TuSimple ousts its CEO and Cruise expands in San Francisco

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. This is a shorter version of The Station newsletter that is emailed to subscribers. Want all the deals, news roundups and commentary? Subscribe… Continue reading Trouble brews at Arrival, TuSimple ousts its CEO and Cruise expands in San Francisco

Ouster and Velodyne agree to merger, signaling consolidation in lidar industry

Ouster and Velodyne, two lidar companies, have agreed to a merger in an all-stock transaction, the companies said Monday. Both Ouster and Velodyne will maintain a 50% stake in the new company, according to the agreement that was signed on November 4. The merger comes as many in the industry, including autonomous vehicle technology company… Continue reading Ouster and Velodyne agree to merger, signaling consolidation in lidar industry

MiX Telematics wins Fleet Safety Partnership Award with McGill’s

BOCA RATON, Fla. and BIRMINGHAM, England, Nov. 7, 2022 /PRNewswire/ — MiX Telematics (JSE: MIX) (NYSE: MIXT) (“MiX Telematics” or the “Company”), a leading global SaaS provider of connected fleet management solutions, is pleased to announce that the Company has won a Fleet Safety Partnership Award for its partnership with McGill’s. Presented by Brake at the 2022… Continue reading MiX Telematics wins Fleet Safety Partnership Award with McGill’s

Dropshipping Market to Reach $1,670.1 Billion, Globally, by 2031 at 27.1% CAGR: Allied Market Research

Rise in smartphone penetration and surge in consumer disposable income have boosted the growth of the global dropshipping market. PORTLAND, Ore., Nov. 7, 2022 /PRNewswire/ — Allied Market Research recently published a report, titled, “Dropshipping Market by Product (Electronics, Fashion, Toys, hobby, and DIY, Furniture, Beauty, Health, Personal, and Household Care, Others), by Destination (Domestic, International):… Continue reading Dropshipping Market to Reach $1,670.1 Billion, Globally, by 2031 at 27.1% CAGR: Allied Market Research

Demand for Lithium Buoyed by the Growing Electrification of Vehicles

FinancialBuzz.com News Commentary NEW YORK, Nov. 7, 2022 /PRNewswire/ —  The electrification of vehicles is still in its infancy stage, and it is projected to attract a significant volume of lithium-ion batteries. Lithium-ion batteries are heavily adopted due to their compact size, rechargeability, recyclability and high-density energy output. As a result, such batteries are largely… Continue reading Demand for Lithium Buoyed by the Growing Electrification of Vehicles