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The Presidio Group Advises Asbury Automotive on the Sale of McDavid Acura of Austin

Retrieved on:

Wednesday, May 17, 2023

The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising, and investments in the automotive retail and consumer mobility sectors, exclusively advised Asbury Automotive Group (NYSE: ABG) on the sale of McDavid Acura of Austin to the Umansky Automotive Group.

Key Points:

The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising, and investments in the automotive retail and consumer mobility sectors, exclusively advised Asbury Automotive Group (NYSE: ABG) on the sale of McDavid Acura of Austin to the Umansky Automotive Group.
We could not be more pleased with the outcome.”
The acquisition of McDavid Acura by the Umansky Automotive Group opens up the Texas market to the Memphis, Tenn.-based group.
“We were privileged to have once again been entrusted by Asbury Automotive Group to exclusively assist with another important transaction,” said George Karolis, president of The Presidio Group.
The Presidio Group provided exclusive M&A advisory services to Asbury Automotive through its wholly owned investment bank, Presidio Merchant Partners LLC.

eBay Motors Unveils New Program to Help Drivers Keep their Cars on the Road Longer

Retrieved on:

Wednesday, May 17, 2023

SAN JOSE, Calif., May 17, 2023 /PRNewswire/ -- Today, eBay Motors announces a first-of-its-kind program that helps drivers keep their cars on the road longer. Taking place over Memorial Day weekend in Atlanta, the "Renew Your Ride" event offers in-person consultations with expert builders about how to extend the life of a vehicle – from classics and project builds to everyday models – using newly launched eBay Guaranteed Fit purchase protections. After their consultation, attendees will walk away with up to $200 toward their part or accessory purchase on eBay Motors.

Key Points:

SAN JOSE, Calif., May 17, 2023 /PRNewswire/ -- Today, eBay Motors announces a first-of-its-kind program that helps drivers keep their cars on the road longer.
After their consultation, attendees will walk away with up to $200 toward their part or accessory purchase on eBay Motors.
"Renew Your Ride demonstrates the significance of eBay Guaranteed Fit and how eBay empowers shoppers to trust they're getting the right part for their project."
At the end of the consultation, drivers will be able to purchase the recommended parts or accessories backed by eBay Guaranteed Fit with eBay Motors covering up to $200 of the cost.

Dorman launches hundreds of new products and dozens of aftermarket-exclusive repair solutions

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Monday, May 15, 2023

GMC, Tailgate, Torque, Dorman, Ford, Dodge, Temperature, Subaru, Durango, OE, Cadillac, Ram, SUV, Dorman Products, VIO, Jeep Grand Cherokee, Lincoln

COLMAR, Penn., May 15, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) announced today the release of almost 200 new motor vehicle parts, more than a third of which are aftermarket-exclusive repair solutions.

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COLMAR, Penn., May 15, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) announced today the release of almost 200 new motor vehicle parts, more than a third of which are aftermarket-exclusive repair solutions.
The new products provide repair professionals and owners greater freedom to fix motor vehicles and expand revenue and profit opportunities for Dorman’s retailers and distributors.
When the sway bar bushings fail on those popular vehicles, the dealer solution is to offer a complete sway bar assembly.
To learn more about Dorman, take the Dorman Virtual Tour at DormanProducts.com/tour .

The 2022 Subaru Share The Love® Event Raises Over $2.7 Million for Children Battling Critical Illnesses

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Monday, May 8, 2023

Survival, Organic, Love, Partnership, Share the Love, Hope, Family, Make-A-Wish Foundation, Subaru of America, Subaru, PHOENIX

PHOENIX, May 8, 2023 /PRNewswire/ -- Make-A-Wish, the global nonprofit that grants life-changing wishes for children with critical illnesses announced today that the 2022 Subaru Share The Love Event raised more than $2.7 million that will go towards granting wishes that deliver hope when it's needed most. For the 12th consecutive year, Make-A-Wish was selected as one of the national charity beneficiaries of the annual holiday campaign, which took place between Nov. 17, 2022, and Jan. 3, 2023, and raised millions in charitable donations nationwide.

Key Points:

Make-A-Wish has been a Subaru "Share the Love" partner since 2011.
Since that time, Subaru has donated more than $29 million, helping to grant over 3,000 wishes in the United States.
As part of the Subaru Share the Love Event, Subaru and its participating retailers donated a minimum of $250 for every new Subaru vehicle purchased or leased to the customer's choice of participating national and local charities, including Make-A-Wish.
During last year's campaign, 28 Subaru retailer locations chose 21 Make-A-Wish chapters as hometown charities, to which customers directed their support.

Red Robin Gourmet Burgers, Inc. Announces Executive Leadership Appointments

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Monday, May 1, 2023

Retail, Restaurant, Bar, Food, Beverage, Donatos Pizza, Interim, Business development, Transformation, Marketing, EVP, CMO, Red, Red Robin, Subaru, Volkswagen, National Council, HR, Growth, Chain, SVP, Ruby, CPO, Management

Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, under its North Star growth plan, today announced a series of key appointments toward the completion of its Executive Leadership Team that will continue to position the Company for success and create long-term shareholder value.

Key Points:

Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB), a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, under its North Star growth plan, today announced a series of key appointments toward the completion of its Executive Leadership Team that will continue to position the Company for success and create long-term shareholder value.
“I’m pleased to announce the addition of three talented leaders to Red Robin’s Executive Leadership Team who will provide tremendous expertise to our organization as we continue to execute our strategic North Star growth plan,” said Red Robin President and Chief Executive Officer GJ Hart.
“With these crucial leadership positions in place, we are well-positioned to deliver on our goal to establish Red Robin as a most loved restaurant brand in the communities we serve and drive growth and value for our team members, partners and shareholders.
Mr. Simpson will provide senior leadership on key People initiatives during this transition and assist in the search for Red Robin’s permanent CPO.

Top 10 Safest Cars in the United States Available Today

Retrieved on:

Wednesday, April 26, 2023

SALT LAKE CITY, April 26, 2023 /PRNewswire-PRWeb/ -- If you're in the market for a new car, safety should be one of your top priorities.

Key Points:

From hybrid cars to luxury SUVs, the attorneys at Robert J. DeBry have compiled a list of what they believe to be the top 10 safest cars in the United States available today.
Fortunately, there are many vehicles on the market today that prioritize safety features to give you peace of mind on the road.
From hybrid cars to luxury SUVs, the attorneys at Robert J. DeBry have compiled a list of what they believe to be the top 10 safest cars in the United States available today.
Keep reading to discover which cars made the cut and why you should consider them for your next purchase.

FORBES RECOGNIZES SUBARU AS ONE OF AMERICA'S BEST BRANDS FOR SOCIAL IMPACT

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Wednesday, April 26, 2023

Social impact, Senior, Pet, Overalls, Subaru, Subaru of America, Trust, Meal, Love, Social, National Park Foundation, Environment, Society, Automotive industry, Marketing, Learning

CAMDEN, N.J., April 26, 2023 /PRNewswire/ -- Building on its reputation for being More than a Car Company®, Subaru of America, Inc. today announced it was named one of the top brands on Forbes' Best Brands for Social Impact 2023 list. Subaru is the number one brand listed in the automotive category.

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CAMDEN, N.J., April 26, 2023 /PRNewswire/ -- Building on its reputation for being More than a Car Company®, Subaru of America, Inc. today announced it was named one of the top brands on Forbes' Best Brands for Social Impact 2023 list.
To create the list, Forbes partnered with HundredX to survey more than 100,000 consumers and rank the 300 brands respondents rated most highly in four categories: overall brand values and trust, social stances, sustainability, and community support.
The list features brands that are most admired for doing good across sectors including the environment, social issues, and their local communities.
For more information about America's Best Brands for Social Impact, visit here .

LMP Automotive Holdings, Inc. today announced it has closed on the sale of its KIA and Subaru Dealerships in Mount Hope, WV and Provided a Corporate Update

Retrieved on:

Friday, March 31, 2023

LMP, Sale, KIA, Car dealership, Subaru

FORT LAUDERDALE, March 31, 2023 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, today announced it has closed on the sale of its KIA and Subaru dealerships in Mount Hope, WV.

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FORT LAUDERDALE, March 31, 2023 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, today announced it has closed on the sale of its KIA and Subaru dealerships in Mount Hope, WV.

Invoca Surpasses $100 Million Annual Recurring Revenue and Extends Leadership in AI Conversation Intelligence

Retrieved on:

Wednesday, April 12, 2023

SANTA BARBARA, Calif., April 12, 2023 /PRNewswire/ -- Invoca, the cloud leader in AI-powered conversation intelligence, today announced it surpassed $100 million in annual recurring revenue (ARR) during its last fiscal year. The company raised a $83 million Series F equity financing to invest in continued AI innovation, deeper solutions for the automotive industry, partnerships in the contact center, and a stronger market presence in the U.K. Invoca also welcomes two new executives to lead Corporate Development and People & Culture.

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"Surpassing $100M in ARR is a critical milestone in the world of enterprise software," says Gregg Johnson, CEO at Invoca.
"It illustrates the appetite for AI-powered solutions that transform how innovative consumer brands acquire customers, drive revenue, and deliver an outstanding customer experience."
Opus Research named Invoca the Leader and Top Solution for Sales & Marketing in its 2022 Conversational Intelligence Intelliview .
2023 Conversation Intelligence Emotional Footprint Report: Invoca named Champion distinction for its Strategy & Innovation.

This Week in Transportation News: 12 Stories You Need to See

Retrieved on:

Friday, April 7, 2023

NEW YORK, April 7, 2023 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists covering the auto and transportation industries stay on top of the week's most newsworthy and popular releases, here's a roundup of stories from the week that shouldn't be missed.

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The vehicle's high percentage of COTS parts provide global defense and government customers flexibility and optionality to outmaneuver threats and support mission requirements as they evolve.
At the Lexus display, guests are guided through prompts that generate images that appear on a 98-inch screen, featuring either the Lexus RX or RZ.
Afterward, guests can send themselves their images via email, allowing them to bring their art home with them with nearly any backdrop they could fathom – even in a galaxy far, far away.
The longest-range, fastest-charging electric car on the market was named the 2023 World Luxury Car of the Year at the 2023 New York International Auto Show.