Lexus

WHAT'S NEW: 2024 LC 500 / 500h

Retrieved on: 
Wednesday, May 17, 2023

Built at the Motomachi Plant in Toyota City, Japan, the 2024 LC 500 and LC 500h are expected to go on sale in June 2023.

Key Points: 
  • Built at the Motomachi Plant in Toyota City, Japan, the 2024 LC 500 and LC 500h are expected to go on sale in June 2023.
  • The 2024 LC 500 and LC 500h will offer Ultrasonic Blue Mica 2.01 and Copper Crest1 as two new exterior color options.
  • New to the interior this year, the 2024 LC 500 and LC 500h feature a standard 12.3-inch high-definition touchscreen display which provides easy-to-use controls and clear information to the driver and front-seat passengers.
  • The 2024 LC 500 and LC 500h come standard with Lexus Safety System+ 2.5, which brings a suite of key active safety and convenience features to the vehicle.

Breaking Barriers and Building Legacies: The Dave Cantin Group Facilitates Automotive Dealership Buy/Sell Transaction of Two Women-Owned Dealerships, Downs Ford to Celebrity Motor Cars

Retrieved on: 
Monday, May 15, 2023

The Dave Cantin Group, a leading financial advisory company focused on the automotive sector, announced the sale of Downs Ford to Celebrity Motor Cars.

Key Points: 
  • The Dave Cantin Group, a leading financial advisory company focused on the automotive sector, announced the sale of Downs Ford to Celebrity Motor Cars.
  • This transaction represents a small but growing segment of woman-owned Ford Dealerships and showcases the leadership positions and business growth women are achieving in the automotive industry.
  • Downs Ford is a third-generation dealership, led by Melissa Longo and her father Rick Riccardi, Jr., serving customers in Toms River, Bayville, and Manchester Township, NJ.
  • Managing Director Drew Picon and Dave Cantin of Dave Cantin Group represented both buyer and seller in the dealership buy/sell transaction.

Tesla, Ford, BMW and 150+ Leading Electric Brands Head to Long Beach This Weekend for Electrify Expo, The Nation’s Largest EV Festival

Retrieved on: 
Monday, May 15, 2023

Fun for all ages, Electrify Expo is a weekend festival that lets you ride, drive and demo the world's top electric cars & trucks, e-motorcycles, e-bikes, e-scooters, e-skateboards and more across 1 million square feet of festival space

Key Points: 
  • Fun for all ages, Electrify Expo is a weekend festival that lets you ride, drive and demo the world's top electric cars & trucks, e-motorcycles, e-bikes, e-scooters, e-skateboards and more across 1 million square feet of festival space
    Over 150+ participating brands including Tesla, Ford, Toyota, Volvo, Kia, Lexus, BMW, Volkswagen, Mitsubishi, Cake, GIANT, Stacyc, Onewheel and many others
    Festival hours are 10 a.m. to 5 p.m. Saturday, May 20 and Sunday, May 21, tickets can be purchased online and in person
    LONG BEACH, Calif., May 15, 2023 (GLOBE NEWSWIRE) -- Electrify Expo , North America’s largest electric vehicle (EV) festival, is bringing fun for all ages to Long Beach this weekend for an action-packed weekend, May 20-21, at the Long Beach Convention Center.
  • Attendees at this year’s Electrify Expo will ride, drive and demo the world's top electric cars and trucks alongside electric motorcycles, e-bikes, e-scooters, e-skateboards and more.
  • “We’re excited to bring the biggest and best brands from all over the world to Long Beach to show off their latest products and technology, including some exciting new exhibitors like Tesla and Ford,” said BJ Birtwell, founder and executive producer of Electrify Expo.
  • “A fun for all ages festival, Electrify Expo has something for everyone.

UM Announces New U.S. Leadership Across Growth, Strategy, Planning, Intelligence, Client Services and Operations

Retrieved on: 
Friday, May 12, 2023

Ogburn is the driving force behind UM's new business development strategy, responsible for spearheading pitch strategy and generating leads for new client relationships.

Key Points: 
  • Ogburn is the driving force behind UM's new business development strategy, responsible for spearheading pitch strategy and generating leads for new client relationships.
  • Joining UM from Hero Collective where she led the strategy team, Thompkins also held executive roles at Publicis' Hawkeye.
  • Previously at Publicis Groupe's integrated media/communications agency, Team One, Larson worked in media leadership positions for high-profile brands like Lexus.
  • Wadeyka leads the charge on Business Planning and Operations, Media Operations, Resource Management and New Products and Services to drive efficiencies.

AB Volvo Strengthens ESG Portfolio to Tap into Electric Passenger Cars Industry - Astra ESG Solutions

Retrieved on: 
Tuesday, May 9, 2023

SAN FRANCISCO, May 9, 2023 /PRNewswire/ -- Sustainability for mobility has prompted electric passenger cars industry players to prioritize environmental, social and governance (ESG) goals.

Key Points: 
  • SAN FRANCISCO, May 9, 2023 /PRNewswire/ -- Sustainability for mobility has prompted electric passenger cars industry players to prioritize environmental, social and governance (ESG) goals.
  • A transition towards electric brands comes against the backdrop of soaring inflation, supply chain disruption and higher interest rates.
  • Learn more about the practices & strategies being implemented by industry participants from the Electric Passenger Cars Industry ESG Thematic Report, 2023 , published by Astra ESG Solutions
    Although 2022 was a year full of challenges for automakers, 2023 has promised to provide compelling opportunities to navigate ESG strategies.
  • The electric passenger cars market size stood at USD 120.81 billion in 2020 and will witness a healthy CAGR of 32.5% between 2021 and 2028.

AB Volvo Strengthens ESG Portfolio to Tap into Electric Passenger Cars Industry - Astra ESG Solutions

Retrieved on: 
Tuesday, May 9, 2023

SAN FRANCISCO, May 9, 2023 /PRNewswire/ -- Sustainability for mobility has prompted electric passenger cars industry players to prioritize environmental, social and governance (ESG) goals.

Key Points: 
  • SAN FRANCISCO, May 9, 2023 /PRNewswire/ -- Sustainability for mobility has prompted electric passenger cars industry players to prioritize environmental, social and governance (ESG) goals.
  • A transition towards electric brands comes against the backdrop of soaring inflation, supply chain disruption and higher interest rates.
  • Learn more about the practices & strategies being implemented by industry participants from the Electric Passenger Cars Industry ESG Thematic Report, 2023 , published by Astra ESG Solutions
    Although 2022 was a year full of challenges for automakers, 2023 has promised to provide compelling opportunities to navigate ESG strategies.
  • The electric passenger cars market size stood at USD 120.81 billion in 2020 and will witness a healthy CAGR of 32.5% between 2021 and 2028.

Automotive Camera Global Market Report 2023: Government Initiatives for Vehicle Safety Features in Developed and Emerging Economies Bolster Sector

Retrieved on: 
Saturday, April 29, 2023

Owing to government regulations for adopting safety features play a significant role in driving the ADAS market which in turn fuels the automotive camera market growth.

Key Points: 
  • Owing to government regulations for adopting safety features play a significant role in driving the ADAS market which in turn fuels the automotive camera market growth.
  • Hence, the rise in the trend of integrating additional safety features in modern vehicles is primarily driving the growth of the automotive camera market in recent years.
  • The rising penetration of ADAS features in automotive vehicles is expected to transform the overall automotive sector.
  • Further, government mandates related to some safety features in countries like U.S., Japan, China, and European countries will create lucrative opportunities for the growth of the automotive camera market.

Kelley Blue Book Names 2023 5-Year Cost to Own Award Winners

Retrieved on: 
Thursday, April 27, 2023

ATLANTA, April 27, 2023 /PRNewswire/ -- Beyond the upfront sticker price, smart car shoppers also should consider the long view and factor in a vehicle's total cost of ownership. Ongoing costs like fuel, maintenance, insurance and even vehicle depreciation can vary greatly from one model to the next. To help in-market car shoppers make wise purchase decisions, the experts at Kelley Blue Book, a Cox Automotive company, today name the 2023 model-year brand and category winners of the 5-Year Cost to Own Awards. These awards recognize new vehicles with the lowest projected ownership costs over the initial five-year ownership period.

Key Points: 
  • To help in-market car shoppers make wise purchase decisions, the experts at Kelley Blue Book, a Cox Automotive company, today name the 2023 model-year brand and category winners of the 5-Year Cost to Own Awards .
  • For the third year in a row, Toyota and its luxury sibling Lexus take home the top brand prizes for 5-Year Cost to Own in 2023.
  • Available for new models on Kelley Blue Book's KBB.com, 5-Year Cost to Own information takes into consideration depreciation, expected fuel costs, finance and insurance fees, maintenance and repair costs, and state fees.
  • 2023 KELLEY BLUE BOOK 5-YEAR COST TO OWN AWARD: BRAND
    2023 KELLEY BLUE BOOK 5-YEAR COST TO OWN AWARD: LUXURY BRAND
    2023 KELLEY BLUE BOOK 5-YEAR COST TO OWN AWARDS: BY VEHICLE CATEGORY

Standard Motor Products Releases 373 New Part Numbers in April

Retrieved on: 
Wednesday, April 26, 2023

NEW YORK, April 26, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) has released 373 new part numbers in its April new number announcement.

Key Points: 
  • NEW YORK, April 26, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) has released 373 new part numbers in its April new number announcement.
  • This most recent release provides new coverage in 87 different product categories, and more than 100 part numbers for 2022 and 2023 model-year vehicles.
  • SMP's latest release includes more than 100 part numbers for 2022 and 2023 model-year vehicles.
  • Four Seasons® has also introduced new Blower Motor Resistors, Suction Line Hose Assemblies, Heater Cores, and other popular products.

Mercedes-Benz Names Upstart Auto Retail an Approved Digital Retail Provider

Retrieved on: 
Wednesday, April 26, 2023

Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending marketplace, today announced that Upstart Auto Retail was selected by Mercedes-Benz as an approved digital retail provider for their dealerships.

Key Points: 
  • Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending marketplace, today announced that Upstart Auto Retail was selected by Mercedes-Benz as an approved digital retail provider for their dealerships.
  • With Upstart’s suite of digital products for dealer websites and showrooms, Mercedes-Benz dealers can deliver seamless online and in-store shopping while maintaining the luxury brand experience that customers associate with Mercedes-Benz.
  • “Upstart has enabled us to provide our Mercedes-Benz clients with a first-class luxury experience,” said Jerry Cousin, General Manager of Mercedes-Benz Bowling Green in Kentucky.
  • Mercedes-Benz is the ninth OEM to name Upstart Auto Retail as an approved digital retail provider, after Acura, Honda, Kia, Lexus, Mitsubishi, Subaru of America, Toyota, and Volkswagen.