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U-Haul Holding Company Announces Increase to Quarterly Cash Dividend - AutoNewsblaster
RENO, Nev.–(BUSINESS WIRE)–U-Haul Holding Company (NYSE: UHAL, UHAL.B), parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, on December 6, 2023 declared a quarterly cash dividend of $0.05 per share on its Series N Non-Voting Common Stock (NYSE: UHAL.B). The dividend will be payable December 29, 2023 […]
Joby, ANA Holdings Partner with Nomura Real Estate Development for Vertiports in Japan - AutoNewsblaster
Nomura Real Estate Development is one of Japan’s largest real estate developers Three-way partnership includes Joby’s existing Japanese airline partner, ANA Companies to jointly explore the design, location and financing of vertiports across Japan SANTA CRUZ, Calif.–(BUSINESS WIRE)–Joby Aviation, Inc. (NYSE:JOBY), a company developing an all-electric vertical take-off and landing (eVTOL) aircraft for commercial passenger […]
Faraday Future Announces Upcoming FF 91 2.0 Deliveries, Including a B2B Co-Creation Partnership with Motev, LLC, a Leader in Luxury Sustainable Transportation, Founded by Robert Gaskill and Morgan Freeman - AutoNewsblaster
The agreement with Motev supports both companies’ missions of priority to the environment and to their users and customers. This agreement marks a forward step in FF’s B2B business, showcasing and opening up FF’s innovative resources to other companies. In addition to the Motev delivery, a longtime FF employee is also taking delivery of an […]
Mitsubishi Electric, ME Innovation Fund Invests in Hayden AI Technologies, Inc. - AutoNewsblaster
Contributing to optimizing and ensuring the safety of city traffic using image analysis technology TOKYO–(BUSINESS WIRE)–Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in Hayden AI Technologies, Inc., a U.S. based startup company that provides the traffic violation enforcement services using image analysis technology. This is the sixth investment […]
Blue Bird and Generate Capital Establish "Clean Bus Solutions," a Fleet Electrification-as-a-Service Joint Venture - AutoNewsblaster
Vertically-Integrated Joint Venture to Accelerate Adoption of Electric School Buses MACON, Ga.–(BUSINESS WIRE)–Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, and Generate Capital, a leading sustainable investment and operating company, have formed a joint venture (JV) named Clean Bus Solutions, LLC to meet the increasing demand for electric school buses […]
FIA Selects Hoosier Racing Tire for World Rallycross Championship - AutoNewsblaster
INDIANAPOLIS–(BUSINESS WIRE)–Hoosier Racing Tire, the world’s largest manufacturer of racing tires, proudly announced that the Fédération Internationale de l’Automobile (FIA) has named Hoosier as the exclusive tire partner for FIA World and European Rallycross Championship. “We are excited to enter into a new partnership with Hoosier,” said Andrew Wheatley, FIA Rally Director. “We are very […]
Blue Bird Donates Electric School Bus to Peach County Schools in Georgia - AutoNewsblaster
MACON, Ga.–(BUSINESS WIRE)–Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, has donated an advanced Blue Bird Vision electric school bus to Peach County Schools (PCS) in Georgia. Peach County is home to Blue Bird’s Fort Valley, Ga, manufacturing facility since the company’s founding nearly a century ago. The local school […]
Top Tech to See at CES 2024: Meet the Pebble Flow, The Electric Semi-Autonomous Travel Trailer - AutoNewsblaster
The Pebble Flow, equipped with advanced robotics and EV technology, sets a new standard as the world’s first self-propelled travel trailer featuring automated hitching and remote maneuvering capabilities The travel trailer includes the world’s first dual-motor active propulsion assist system that enables easier, safer towing and achieves better mileage and longer range The Pebble Flow […]
ComEd, Metropolitan Mayors Caucus Announce the First 12 Northern Illinois Communities to be Named “EV Ready” - AutoNewsblaster
EV Ready program helps local governments prepare for the growing demand for EVs in Illinois CHICAGO–(BUSINESS WIRE)–ComEd and the Metropolitan Mayors Caucus (Caucus) today celebrated the first class of communities to complete the EV Readiness Program, created to help local governments prepare for the growth of electric vehicles (EVs) and charging infrastructure across northern Illinois. […]
PowerFlex Helps Accelerate ASICS’ Sustainability Goals by Doubling Solar Rooftop - AutoNewsblaster
Turnkey project by PowerFlex helps ASICS accelerate 2030 sustainability goals and bolster the grid SAN DIEGO–(BUSINESS WIRE)–PowerFlex, a clean technology solutions company, announced the completion of the second rooftop solar project for ASICS, a leading brand in the design and manufacturing of performance athletic footwear, apparel, and accessories, at their Byhalia Distribution Center, located in […]
EnerSys Named to Newsweek’s America’s Most Responsible Companies 2024 - AutoNewsblaster
READING, Pa.–(BUSINESS WIRE)–#EnerSys–EnerSys (NYSE: ENS), the global leader in stored energy solutions, is pleased to announce its recognition on the prestigious list of Newsweek’s America’s Most Responsible Companies 2024. For the second consecutive year, this notable award is presented to EnerSys by Newsweek and Statista Inc., the leading statistics portal and industry ranking provider, reaffirming […]
Carvana and Phoenix Rising FC Ink Multi-Year Commitment, Extending Their Winning Streak for a Seventh Season and Beyond - AutoNewsblaster
Online Auto Retailer Renews Partnership with USL Champions, Expands Uniform Sponsorship to Youth Teams PHOENIX–(BUSINESS WIRE)–Carvana, an industry pioneer for buying and selling used cars, announces the multi-year extension of its partnership with Phoenix Rising FC. The renewal marks another chapter in the dynamic collaboration between the two Valley-based entities. “I am thrilled to once […]
Mercedes-Benz USA Hosts a “Holiday Love Celebration” by Teaming Up with Nonprofit Shoes That Fit and Atlanta Falcons’ Grady Jarrett to Donate Shoes to Children - AutoNewsblaster
MBUSA hosted a “Holiday Love Celebration” with the nonprofit Shoes That Fit, donating shoes to students in an Atlanta school gym transformed into a winter wonderland. MBUSA brand ambassador Grady Jarrett from the Atlanta Falcons surprised students at Michael R. Hollis Innovation Academy in Atlanta to celebrate the holidays and deliver new shoes. “Holiday Love […]
ElectraMeccanica Provides Shareholders with December CEO Update - AutoNewsblaster
MESA, Ariz.–(BUSINESS WIRE)–ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica” or the “Company”), a designer and assembler of electric vehicles, today issued a letter to its shareholders from Susan E. Docherty, ElectraMeccanica’s CEO, providing an update on the business. Please visit the company’s IR site for additional details: https://ir.emvauto.com/emotion/blog-details/2023/December-Update/default.aspx About ElectraMeccanica ElectraMeccanica (NASDAQ: SOLO) is a designer […]
Fisker Chairman and CEO Henrik Fisker Makes Statement - AutoNewsblaster
LOS ANGELES–(BUSINESS WIRE)–#EVs—Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, today announced that Chairman and CEO Henrik Fisker made the following statement: “I believe the negative reports about the company have been overblown. We have made considerable progress on our business plan and achieved […]
Graphite for North America Graphex Group Receives Unsolicited Preliminary Offer and LOI to Buy Graphex Technologies and Propel its North American Expansion Strategy - AutoNewsblaster
Graphex Group Limited, a global graphite processing company, has received a preliminary offer to buy Graphex Technologies, its U.S.‐based subsidiary, for stock by a NASDAQ‐listed company. The proposed transaction will transition Graphex Technologies into an independent U.S. Company in order to serve the fast‐growing market for Li‐ion battery anode materials in North America. WARREN, Mich.–(BUSINESS […]
ChargePoint Reports Third Quarter Fiscal Year 2024 Financial Results - AutoNewsblaster
Consistent with preliminary financial results announced on November 16, 2023: Third quarter fiscal 2024 revenue of $110 million representing a 12% decrease year-over-year GAAP gross margin of negative 22% and non-GAAP gross margin of negative 18%, reflecting $42 million impact from an inventory impairment charge GAAP operating expense of $130 million and non-GAAP operating expense […]
Enteligent Named a Finalist for S&P Global Platts Global Energy Award for Energy Transition Technology of the Year - AutoNewsblaster
MORGAN HILL, Calif.–(BUSINESS WIRE)–Enteligent Inc., a developer of solar power optimization and electric vehicle (EV) solar charging technologies, has been named a finalist for the 25th annual S&P Global Platts Global Energy Awards in the Energy Transition Technology of the Year category. “The pivot away from internal combustion engines is a necessary part of our […]
Fluid Truck and Car IQ® Join Forces to Revolutionize Fleet Vehicle Payments - AutoNewsblaster
Collaboration will reduce operational costs and maximize utilization of fleet vehicles SAN FRANCISCO–(BUSINESS WIRE)–Car IQ Inc., a pioneer in vehicle payment solutions, and Fluid Truck, the company making commercial vehicles available at the tap of a button, have joined forces to transform the way fleet drivers pay for services on-the-go. The collaboration brings together Car […]
ECM Appoints Seasoned Executive Mike Smith as CFO and COO to Steward Rapid Growth of Electric Motor CAD Business - AutoNewsblaster
Smith brings deep industry expertise in guiding companies to rapid growth, profitability, and maximizing shareholder value NEEDHAM, Mass.–(BUSINESS WIRE)–#Actuator–US Electric motor design and software company ECM PCB Stator Tech named Mike Smith as Chief Financial Officer and Chief Operating Officer. In this capacity, Mr. Smith will guide ECM’s financial and operations management and organizational growth […]
Open Lending Named Winner of 2023 NAFCU Innovation Award - AutoNewsblaster
Open Lending’s enhanced Lenders Protection™ program expands auto lending inclusivity and improves loan decisioning accuracy AUSTIN, Texas–(BUSINESS WIRE)–Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, has been selected as a winner of the 2023 NAFCU Innovation Award for its […]
HGreg Expands Into Texas With Opening of a Historic Dealership in Houston, Set to Be Largest in the State - AutoNewsblaster
Quebec-based automotive group is now present in three largest U.S. car markets – Florida, California and Texas MONTRÉAL–(BUSINESS WIRE)–HGreg announces today its expansion into Texas with the acquisition of a landmark dealership located in West Houston, known for its iconic gable roof showroom. The location is set to open mid-December. The newest of HGreg’s 10 […]
Haig Partners Serves as Exclusive Sell-Side Advisor on the Sale of Vic Bailey Automotive in Spartanburg, SC - AutoNewsblaster
FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–Haig Partners LLC, a leading buy-sell advisory firm to higher-value auto dealers, served as the exclusive sell-side advisor to Vic Bailey III and his family on the sale of Vic Bailey Automotive, located in Spartanburg, SC, to Hudson Automotive Group. The sale included all five of Vic Bailey Automotive’s dealerships, including Vic […]
HLS Engineering Group Partners with Realtime Robotics to Quickly Optimize Manufacturing Processes and Reduce Cycle Times - AutoNewsblaster
Partnership Teams Realtime’s Innovative Optimization-as-a-Service Solution with HLS’ Expertise in Mechanical Engineering and Automation BOSTON–(BUSINESS WIRE)–#HLS—Realtime Robotics, the leader in collision-free autonomous motion planning for industrial robots, today announced that it has partnered with HLS Engineering Group, a specialist and business associate in the field of integrated engineering, with wide-ranging expertise in the fields of […]
Myers Industries Announces Meghan Beringer as Senior Director of Investor Relations - AutoNewsblaster
AKRON, Ohio–(BUSINESS WIRE)–Myers Industries, Inc. (NYSE: MYE), a leading manufacturer of a wide range of polymer products and distributor for the tire, wheel, and under-vehicle service industry, today announced that Meghan Beringer has joined the Company as Senior Director of Investor Relations, reporting to Grant Fitz, Chief Financial Officer. “We are pleased to have Meghan […]
First-of-its-Kind Flight Trials Integrate Uncrewed Aircraft Into Controlled Airspace - AutoNewsblaster
A partnership of aviation leaders demonstrates that uncrewed aircraft can be safely integrated into controlled airspace among piloted aircraft through multiple test flights CHRISTCHURCH, New Zealand & MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–A partnership of aviation leaders has successfully completed a first-of-its-kind trial, including a series of test flights aimed at evaluating the operational integration of uncrewed […]
Cemex passes 1,000 lower-carbon truck milestone - AutoNewsblaster
Cemex also unveiled the first fully electric ready-mix truck in the Middle East during COP28 in Dubai. MONTERREY, Mexico–(BUSINESS WIRE)–#alternative–Cemex announced that it now has over 1,000 heavy-duty trucks powered with lower-carbon fuels as part of a comprehensive transition strategy seeking to decarbonize its global fleet. This initiative is part of the company’s flagship Future […]
Argonne and Idaho National Laboratories Partner with CMBlu Energy for Innovative Long-Duration Energy Storage Project - AutoNewsblaster
LEMONT, Ill.–(BUSINESS WIRE)–The U.S. Department of Energy’s (DOE) Argonne National Laboratory, along with Idaho National Laboratory (INL), was chosen by the agency for a demonstration project to validate an innovative long-duration energy storage system developed by battery manufacturer CMBlu Energy. The collaborative project aims to improve microgrids in cold climates and make fast charging of […]
HGreg Expands Into Texas With the Opening of a Flagship Dealership in Houston, Set to Be Largest in the State - AutoNewsblaster
Automotive group is now present in the nation’s three largest car markets – Florida, California and Texas HOUSTON–(BUSINESS WIRE)–HGreg announces today its expansion into Texas with the acquisition of a landmark dealership located at 6737 Southwest Fwy in West Houston, known for its iconic gable roof showroom. The location is set to open mid-December. The […]
Guerrilla RF Formally Releases New 5 to 8 GHz LNA with Industry-Leading Noise Figure and Linearity Performance - AutoNewsblaster
GREENSBORO, N.C.–(BUSINESS WIRE)–$GUER–Guerrilla RF, Inc. (OTCQX: GUER) announces the formal production release of the GRF2110, an ultra-low noise amplifier that delivers an exceptionally flat gain response over a single 5 to 8 GHz broadband tune. When operated at 6 GHz, the device delivers 16.3 dB of gain, 22 dBm of OP1dB compression, 38 dBm of […]
TOYO Corporation Acquires Leading European Dynamometer Manufacturer Rototest - AutoNewsblaster
Advances TOYO’s strategy to expand its global business presence in the rapid-evolving automotive test space FREMONT, Calif.–(BUSINESS WIRE)–TOYO Corporation (TOYO), a leading provider of advanced measurement solutions and Rototest® International AB (Rototest), a global innovator in the development of hub-coupled powertrain dynamometers, today announced that TOYO has acquired Rototest on November 30, 2023, Japan time. […]
ComEd Celebrates First Graduates of Technical Focused Career Training Program - AutoNewsblaster
New Power Up Academy designed to level the playing field, bring more women and minorities into technical careers supporting the clean energy transition in Illinois CHICAGO–(BUSINESS WIRE)–ComEd today joined workforce partners and members of the community in celebrating the first graduating class of the 10-week Power Up Academy, a new career training program launched in […]
The Average Amount Financed for New and Used Vehicles Decreased in Q3 2023, Demonstrating a Positive Sign for Automotive Shoppers - AutoNewsblaster
Experian report shows average monthly payments remain stable amid rising interest rates SCHAUMBURG, Ill.–(BUSINESS WIRE)–With affordability remaining top of mind throughout the automotive industry, new data shows the average loan amount for new and used vehicles decreased in Q3 2023, an optimistic sign that things are continuing to level out for vehicle shoppers. According to […]
Fisker Provides Business Update - AutoNewsblaster
Company Sharpens Focus on Operations and Execution of Business Plan Finance and Accounting Leadership Strengthened Deliveries Accelerated and Ownership Experience Enhanced Discussions With Strategic Partners Advancing The company continues to expand real estate footprint to accelerate deliveries in US and Europe. Fisker has enhanced the ownership experience and is launching leasing solutions in Europe and […]
Ault Alliance Announces That TurnOnGreen’s Common Stock is Now Quoted on OTC Link ATS Under the Symbol IMHC - AutoNewsblaster
LAS VEGAS–(BUSINESS WIRE)–$AGREE #AGREE—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), is pleased to announce that its subsidiary, Imperalis Holding Corp. (OTC: IMHC), dba TurnOnGreen, Inc. (“TurnOnGreen”), had its common stock start being quoted on the OTC Link ATS beginning November 29, 2023. On November 28, 2023, the […]
Carbeeza Inc. Announces Private Placement - AutoNewsblaster
CALGARY, Alberta–(BUSINESS WIRE)–Carbeeza Inc. (“Carbeeza” or the “Company“) (TSX.V:AUTO) (OTCQB: CRBAF) is pleased to announce that it intends to complete a non-brokered private placement (the “Private Placement“) of up to 10,000,000 units of the Company (“Units”) at a price of $0.20 per Unit for gross proceeds of $2,000,000. The net proceeds of the Private Placement […]
Vroom Announces “At The Market” (ATM) Equity Offering Program - AutoNewsblaster
HOUSTON–(BUSINESS WIRE)–Vroom, Inc. (Nasdaq: VRM), (“Vroom” or the “Company) a leading e-commerce platform for buying and selling used vehicles, today announced it has filed a prospectus supplement with the U.S. Securities and Exchange Commission (the “SEC”) under which it may offer and sell from time to time and at its discretion shares of its common […]
Carvana Crowns 2023 PPA Tour Point Winners Ben Johns and Anna Leigh Waters - AutoNewsblaster
Online Auto Retailer Presents Pickleball Champions with First Prize, Choice of Vehicle at San Clemente Award Ceremony PHOENIX–(BUSINESS WIRE)–Carvana, an industry pioneer for buying and selling used cars online, has proudly announced that Ben Johns and Anna Leigh Waters are the respective points winners in the Men’s and Women’s categories of the 2023 Carvana Professional […]
Flexiv Scores Sustainable Development Goals - AutoNewsblaster
SAN JOSE, Calif.–(BUSINESS WIRE)–#adaptiverobots–Flexiv, a global leader in adaptive robotics, is proud to announce its commitment to supporting the United Nations’ Sustainable Development Goals (SDGs). Integral to the sustainability goals is the implementation of sustainable manufacturing. Defined as manufacturing products using processes that minimize negative environmental impacts through innovative solutions, adaptive robots can play a […]