Chinese car manufacturers now lead the world in export volume as the traditional western car industry is running out of time to defend its historic domestic market share. LONDON, June 27, 2023 /PRNewswire/ — With supply chain bottlenecks and raw material shortages becoming a thing of the past, the global market for automobiles is growing… Continue reading AlixPartners: As the global automotive market recovers more slowly than anticipated, China is rapidly emerging as an industry superpower
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Driving the Future: NoTraffic Accelerates with $50 Million Series B Funding for the Next Generation of Mobility Infrastructure
This latest funding round bolsters the company’s position as a pioneering company digitizing the mobility industry and sets the stage for further growth and innovation TEL AVIV, Israel and PALO ALTO, Calif., June 27, 2023 /PRNewswire/ — NoTraffic, the leading mobility platform, announced today the successful completion of a $50 million Series B funding led by… Continue reading Driving the Future: NoTraffic Accelerates with $50 Million Series B Funding for the Next Generation of Mobility Infrastructure
SEEMAN NAMED UVEYE’S VICE PRESIDENT OF NORTH AMERICAN SALES
Former vice president at CarNow and CDK Global with more than 25 years of automotive sales experience serving dealerships and major fleets TEANECK, N.J., June 28, 2023 /PRNewswire/ — Michael Seeman has been named vice president of sales at UVeye, a rapidly growing supplier of the auto industry’s first fully-automated suite of vehicle inspection systems. Seeman had been… Continue reading SEEMAN NAMED UVEYE’S VICE PRESIDENT OF NORTH AMERICAN SALES
Tourists to benefit as Tencent, Ant allow users to link overseas credit cards to their platforms
Chinese tech giants Tencent Holdings and Ant Group said that they would allow users to link international credit cards to their platforms, an issue that has long plagued foreign visitors as the country’s payment system has kept credit cards out for years. Tencent, the operator of the popular chat app WeChat and payment network WeChat… Continue reading Tourists to benefit as Tencent, Ant allow users to link overseas credit cards to their platforms
Autocar names top rising stars in 2023 Great Women awards
The winners of the 2023 Autocar Great Women: Rising Stars award have been announced, recognising the motoring industry’s best up-and-coming female talent spanning 11 categories. Held in conjunction with the Society of Motor Manufacturers and Traders (SMMT) and assisted by executive search specialists Ennis & Co, the Autocar Great Women awards celebrate the most successful… Continue reading Autocar names top rising stars in 2023 Great Women awards
Bugatti to expand Molsheim HQ to prepare for electric hypercar
Bugatti has confirmed plans to expand its headquarters in Molsheim, France, in an investment programme that, it says, will “support the development of new models beyond the era of the Chiron”. Among the planned site changes is the construction of a new two-storey building adjacent to the existing Atelier, where the Bugatti Chiron is assembled. Set for… Continue reading Bugatti to expand Molsheim HQ to prepare for electric hypercar
Lear Increases 2023 Financial Outlook and Target Margins in Seating
SOUTHFIELD, Mich., June 27, 2023 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, increased the Company’s 2023 financial outlook and Seating target margins during its Seating Product Day. Lear Corporation Logo. (PRNewsFoto/Lear Corporation) (PRNewsfoto/Lear Corporation) Lear also shared details on its latest technologies and announced new business awards in… Continue reading Lear Increases 2023 Financial Outlook and Target Margins in Seating
How to Boost Your Portfolio with Top Auto-Tires-Trucks Stocks Set to Beat Earnings
Wall Street watches a company’s quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings. We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more… Continue reading How to Boost Your Portfolio with Top Auto-Tires-Trucks Stocks Set to Beat Earnings
GOODYEAR ADDS HARD WORKING REGIONAL HAUL TRAILER TIRE TO COOPER® WORK SERIES™ LINE
The Cooper® WORK Series™ RHT 2 delivers more fuel efficiency and durability in high scrub applications and tough driving environments AKRON, Ohio, June 28, 2023 /PRNewswire/ — The Goodyear Tire & Rubber Company today introduced a new addition to the Cooper® WORK Series™ line, the WORK Series Regional Haul Trailer (RHT) 2. Available now, the new… Continue reading GOODYEAR ADDS HARD WORKING REGIONAL HAUL TRAILER TIRE TO COOPER® WORK SERIES™ LINE
JR AUTOMATION ANNOUNCES CEO TRANSITION
HOLLAND, Mich., June 28, 2023 /PRNewswire/ — JR Automation, a wholly owned subsidiary of Hitachi, Ltd. (TSE: 6501), and its Board of Managers announced that Dave DeGraaf has been named Chief Executive Officer. DeGraaf succeeds Craig Ulrich, who recently announced his retirement. Continue Reading Dave DeGraaf JR Automation CEO DeGraaf comes to JR Automation with a… Continue reading JR AUTOMATION ANNOUNCES CEO TRANSITION