Category: Automotive

WorkGenius Acquires JBC

WorkGenius, a New York-based freelance technology company, acquired JBC, a NY-based staffing company. Investments were provided by Carlos Medeiros, former partner at Softbank, and Chad Leat, former Vice Chair of CitiGroup, who join existing equity investors including John Jahr and Axel Sven Springer. Investcorp BDC and CION Invest Corp provided the debt facility and also invested in the equity. Carlos… Continue reading WorkGenius Acquires JBC

Ikea relies on autonomous trucks from Kodiak

The furniture store Ikea uses the autonomous trucks from Kodiak for transport in the USA. the autonomous trucks romp around in the south of the USA, where the weather is better for autonomous driving. Ikea has now followed this trend. The furniture company is testing the use of autonomous trucks Kodiak Robotics at a longer… Continue reading Ikea relies on autonomous trucks from Kodiak

Impulsa la mitigación de emisiones de CO2 vehiculares; by Juan Carlos Machorro

CIUDAD DE MÉXICO, 24 de octubre de 2022 /PRNewswire/ — Mauricio Medina, CEO de la empresa TIP México indicó que hicieron una alianza con Pronatura mediante el Programa Neutralízate, para medir la huella de carbono (gases de efecto invernadero) de sus operaciones durante el 2019, identificar áreas para reducirla y finalmente compensar un porcentaje a… Continue reading Impulsa la mitigación de emisiones de CO2 vehiculares; by Juan Carlos Machorro

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.