Category: Newswire

Neuron EV Paves the Way for An Electric Future

IRVINE, Calif., Sept. 19, 2019 /PRNewswire/ — The transportation industry is currently at a crossroads, as consumers begin to transition to electric vehicles. The industry today is worth $10 trillion dollars, and the electric vehicle market is projected to reach 27 million units by 2030, growing vastly from an estimated 3 million units in 2019. The… Continue reading Neuron EV Paves the Way for An Electric Future

Carro invests US$30m in Malaysian car bidding platform

AUTOMOTIVE marketplace operator Carro has made a US$30 million investment in myTukar, a car-bidding online platform in Malaysia, the startup announced on Thursday.The strategic investment marks Carro’s entry into Malaysia as part of its regional expansion plans.With the fresh funds, myTukar will expand further in Malaysia and set up a car financing centre to offer auto loan services.

Neuron EV Announces Exclusive Preview Of Product Line

IRVINE, Calif., Sept. 19, 2019 /PRNewswire/ — Neuron EV has announced it will showcase their products at an upcoming international event in November where VIPs will have an exclusive preview into the Neuron EV product line. They’re also planning a spread of exhibitions for the public. The transportation industry is currently at a crossroads, as consumers begin… Continue reading Neuron EV Announces Exclusive Preview Of Product Line

Navistar To Build Industry Benchmark Manufacturing Facility In San Antonio, Texas

LISLE, Ill., Sept. 19, 2019 /PRNewswire/ — Navistar, a leading maker of commercial trucks and buses, announced it will be making a capital investment of more than $250 million to build a new manufacturing facility in the state of Texas. The investment, which is contingent on finalization of various incentive packages, will bring approximately 600 jobs… Continue reading Navistar To Build Industry Benchmark Manufacturing Facility In San Antonio, Texas

Wunder Mobility Announces U.S. Launch to Innovate, Build and Scale Mobility Services for Companies, Municipalities and Fleet Operators

LOS ANGELES, Sept. 19, 2019 /PRNewswire/ — Wunder Mobility, the fastest-growing mobility technology company in Europe, today announced its official U.S. headquarters based in Los Angeles. The company also announced it has completed $60 million in Series B financing from existing investors, including Blumberg Capital and KCK. The expansion and new capital will enhance Wunder Mobility’s capabilities… Continue reading Wunder Mobility Announces U.S. Launch to Innovate, Build and Scale Mobility Services for Companies, Municipalities and Fleet Operators

UAW blasts GM for using worker health insurance as ‘leverage’

The United Auto Workers blasted General Motors on Wednesday after the company said the union will have to pay for striking workers’ health care on Tuesday.Impacted workers are eligible for continued health insurance cover under COBRA.Those workers still qualify for specified health care benefits (medical and prescription drugs) available through the UAW Strike and Defense Fund.

Groupe Renault : Availability of sales figures for July and August 2019

Communication about availability – Renault sales figures for July and August 2019Boulogne, September 18, 2019Renault announces that its sales figures report for July and August 2019 is now available on Renault website www.group.renault.com, tab Finance, in the ‘Regulated information’, ‘Monthly sales’.As of May 2019, please note that the scope of the Regions has changed: the… Continue reading Groupe Renault : Availability of sales figures for July and August 2019

AAM Announces Sale Of U.S. Iron Casting Operations To Funds Managed By Gamut Capital Management

DETROIT, Sept. 18, 2019 /PRNewswire/ — American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) announced today that it has entered into a definitive agreement to sell its U.S. iron casting operations (“Grede”) to funds managed by Gamut Capital Management (“Gamut”) for an aggregate purchase price of $245 million, subject to certain customary adjustments. Across 10… Continue reading AAM Announces Sale Of U.S. Iron Casting Operations To Funds Managed By Gamut Capital Management