DALLAS, July 1, 2020 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today announced the company will receive up to $2.5 million in advance of a $25 million first tranche investment agreement currently committed under a letter of intent (LOI). ALYI yesterday announced executing a letter of intent (LOI) for a $25 million first tranche investment… Continue reading ALYI – Alternet Announces Partial Prefunding in Conjunction With $25 Million Investment Deal
Category: Newswire
Genesis Reports June and Half-Year 2020 Sales
“Despite a steep decline in the luxury market, Genesis increased sales significantly over last month. As the market recovers, I am confident that Genesis is well-positioned to garner a lot more attention in the second half of the year, said Mark Del Rosso, President and Chief Executive Officer, Genesis Motor North America. Last week, J.D. Power’s 2020… Continue reading Genesis Reports June and Half-Year 2020 Sales
Hyundai Motor America Reports June and Q2 2020 Sales
FOUNTAIN VALLEY, Calif., July 1, 2020 /PRNewswire/ — Hyundai Motor America reported total June sales of 50,135 units, a 22% decrease compared with June 2019. Retail sales grew 6% despite the ongoing economic challenges. It is the second straight month the company has recorded increasing year-over-year retail sales. Fleet sales were down 93% and represented only… Continue reading Hyundai Motor America Reports June and Q2 2020 Sales
Fully Autonomous GreenPower EV Star Being Developed with Perrone Robotics for Jacksonville Transportation Authority
“With this new partnership, the Jacksonville Transportation Authority will expand and ramp up our AV Test & Learn activities,” said JTA Chief Executive Officer Nathaniel P. Ford Sr. “This work is laying the foundation for what will be the nation’s first public transportation network powered by autonomous vehicles.” The Jacksonville Transportation Authority (JTA) is currently… Continue reading Fully Autonomous GreenPower EV Star Being Developed with Perrone Robotics for Jacksonville Transportation Authority
Daimler Expands Relationship with IBM; Adopts IBM public cloud for its security capabilities
ARMONK, N.Y., July 1, 2020 /PRNewswire/ — IBM (NYSE: IBM) and Daimler announced that they have expanded their agreement and Daimler will implement an intelligent cloud solution and migrate its global after-sales portal to the IBM public cloud. This will allow Daimler to drive innovation, while also benefiting from one of the industry’s most open and secure… Continue reading Daimler Expands Relationship with IBM; Adopts IBM public cloud for its security capabilities
ElectReon Wireless Raises US$50 Million in an Equity Offering
STOCKHOLM, June 30, 2020 /PRNewswire/ — ElectReon Wireless, a leader in developing and implementing wireless charging for electric vehicles in motion, raises US$50 million in an equity offering to boost a global shift to the cleanest form of mobility – electric vehicles with minimal batteries. Some of Israel’s biggest institutional Investors led the investment, such… Continue reading ElectReon Wireless Raises US$50 Million in an Equity Offering
Otonomo Delivers to Greater Than, InsurTech Leader, Connected-Car Data
– Greater Than plans to leverage Otonomo’s privacy-compliant connected car data to deliver AI-based risk insights as a stand-alone offering to insurance providers HERZLIYA, Israel, June 30, 2020 /PRNewswire/ — Otonomo, a pioneering automotive data services platform provider, and Greater Than, the leading AI technology-based insurtech company, today announces its agreement. Otonomo plans to provide Greater… Continue reading Otonomo Delivers to Greater Than, InsurTech Leader, Connected-Car Data
Equity cap in commercial vehicle JVs to be removed
China is scheduled to phase out foreign investors’ equity cap in commercial vehicle joint ventures starting from late July, as part of its commitment to further opening up the world’s largest vehicle market.Gasoline passenger cars remain the largest automotive segment in China.German premium carmaker BMW inked deals in October 2018 with its Chinese partner Brilliance Auto to raise its stake from 50 percent to 75 percent in its passenger car joint venture BMW Brilliance.
Echo3 Electric Automobiles Bring Electric Vehicles Within Reach of the Masses Like the Ford Model T
DENVER, June 26, 2020 /PRNewswire/ — Echo3, the electric automobile company, is bringing electric vehicles to the masses much in the way Henry Ford’s Model T did from 1908 to 1927. The First Model T became available in October 1908. The Model T is the 3rd most selling automobile of all time selling 16.5 million automobiles… Continue reading Echo3 Electric Automobiles Bring Electric Vehicles Within Reach of the Masses Like the Ford Model T
Veo E-Scooters Resume Operations in Providence
PROVIDENCE, R.I. and CHICAGO, June 25, 2020 /PRNewswire/ — Micromobility’s innovation leader, Veo, formerly known as VeoRide, is pleased to announce its industry leading shared e-scooters will be returning to the streets of Providence beginning Friday, June 26th. Veo’s service had been suspended since Mar 13th at the request of local leaders. However, thanks to the swift… Continue reading Veo E-Scooters Resume Operations in Providence