Category: Automotive

Meritor and PACCAR Extend Electrification Agreement

TROY, Mich., Feb. 2, 2022 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced an extension to its current PACCAR agreement to supply 14Xe™ ePowertrains and battery electric vehicle integration kits for the Class 8 Kenworth T680E, and Peterbilt 579EV tractors and 520EV refuse trucks. The integrated, modular design of the 14Xe ePowertrain, Power Controls and Accessories… Continue reading Meritor and PACCAR Extend Electrification Agreement

Meritor Announces Extension to Long-Term Standard Position Agreement with Wabash

TROY, Mich., Feb. 2, 2022 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced that its long-term agreement with Wabash has been extended through December 31, 2026. The extension is Meritor’s first-ever five-year agreement with Wabash. Under the newly signed agreement, Meritor loose axles will continue to be standard equipment. Meritor Tire Inflation System (MTIS™) will remain… Continue reading Meritor Announces Extension to Long-Term Standard Position Agreement with Wabash

GM banks $2 billion windfall from record used-car prices

There’s a big upside to record used-car prices: Auto lenders like GM Financial are cashing in. General Motors Co.’s lending unit booked a $2 billion gain last year reselling the vehicles that came back from expired leases and anything the company repossessed, according to a regulatory filing Wednesday. That helped GM Financial to nearly double… Continue reading GM banks $2 billion windfall from record used-car prices

Leaders of Troy EV startup resign after investigation into equity purchase

Two top leaders at Troy-based Electric Last Mile Solutions Inc. have resigned after an investigation found they purchased equity in the company “at substantial discounts to market offer” before ELMS went public.  Both former CEO James Taylor and Jason Luo, former executive chairman of the board, will maintain consulting roles with the electric commercial vehicle… Continue reading Leaders of Troy EV startup resign after investigation into equity purchase

Black gay woman sues Tesla, alleges ‘unchecked’ racism at plant

A Black gay woman who worked at a Tesla Inc. factory accused the electric-vehicle maker in a lawsuit of “festering” racism by ignoring the racial and homophobic slurs and physical harm she endured. Kaylen Barker, a former contract worker who inspected brake parts, is the latest to complain that Tesla ignores discrimination based on race,… Continue reading Black gay woman sues Tesla, alleges ‘unchecked’ racism at plant

Keyloop acquires Canadian DMS provider SERTI

Keyloop has acquired SERTI, a leading provider of Dealer Management Systems (DMS) in Canada. As its sixth acquisition since launching in March 2021, this, Keyloop said, marks another step forward in its commitment to international expansion and reinforces Canada as a priority region for the company. Keyloop already has a presence in Canada following its… Continue reading Keyloop acquires Canadian DMS provider SERTI

@Toyota: 3rd Quarter of Fiscal year ending March 31,2022

Toyota Tsusho announced financial results for 3rd Quarter of Fiscal year ending March 31, 2022. Below are the main items of Consolidated Results based on IFRS. (Unit: Billion yen) FY2020 1-3Q FY2021 1-3Q Change Gross profit 429.3 558.5 +129.2 Operating profit 143.3 227.2 +83.9 Profit before income taxes 150.1 261.0 +110.9 Profit attributable to owners… Continue reading @Toyota: 3rd Quarter of Fiscal year ending March 31,2022

@Toyota: Toyota Research Institute Pushes Vehicle’s Capabilities to Advance Active Safety

Test Car Drifts Autonomously on a Closed Course LOS ALTOS, Calif. (Feb. 2, 2022) — Today, Toyota Research Institute (TRI) demonstrated a new research milestone in autonomy, providing a glimpse into the future of safer mobility for all. As revealed in this video, TRI researchers successfully programmed a vehicle to autonomously drift around obstacles on… Continue reading @Toyota: Toyota Research Institute Pushes Vehicle’s Capabilities to Advance Active Safety