Audi

Commsignia Announces Funding of USD 15M in Series B Round

Retrieved on: 
Tuesday, September 5, 2023

SANTA CLARA, Calif., Sept. 5, 2023 /PRNewswire-PRWeb/ -- Commsignia, Inc., the largest company focusing on Vehicle-to-Everything (V2X) solutions, announced the closing of an USD 15 million Series B fundraising round led by PortfoLion Capital Partners, Inventure, Day One Capital and Inference Partners, together with Partech, Credo Ventures, and Karma Ventures. The fundraising round sees LG Electronics joining as a strong strategic partner along with existing strategic investors Samsung Catalyst Fund and Qualcomm Ventures. With this investment, the company aims to strengthen its leadership and grow faster in new markets and geographies as the digital transformation of the transport and automotive industry gains momentum.

Key Points: 
  • This new investment round brings Commsignia and its partners closer to significantly reducing the number of traffic fatalities and injuries.
  • The fundraising round sees LG Electronics joining as a strong strategic partner along with existing strategic investors Samsung Catalyst Fund and Qualcomm Ventures.
  • Their relentless pursuit of pioneering advancements in connected vehicle technology and the enormous market potential have made our decision to co-lead their Series B round very easy.
  • "Commsignia is an important player in the V2X ecosystem, and we are happy to invest in their journey towards further growth and success."

Luxury Electric Vehicles Global Market to 2030: Government Subsidies and Tax Incentives Create Opportunities

Retrieved on: 
Monday, September 4, 2023

DUBLIN, Sept. 4, 2023 /PRNewswire/ -- The "Luxury Electric Vehicles Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Sept. 4, 2023 /PRNewswire/ -- The "Luxury Electric Vehicles Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030" report has been added to ResearchAndMarkets.com's offering.
  • The global luxury electric vehicles market is set to experience robust expansion, projecting a remarkable Compound Annual Growth Rate (CAGR) of 16.25% from 2021 to 2030.
  • This surge is fueled by the convergence of elegance, innovation, and environmental responsibility, positioning luxury electric vehicles (EVs) as a desirable choice among premium automobile enthusiasts.
  • Government subsidies and tax incentives create opportunities to stimulate the luxury EV market.

Jochen Schwenk Accepted into Prestigious Forbes Business Council

Retrieved on: 
Wednesday, August 30, 2023

MIAMI, Aug. 30, 2023 /PRNewswire-PRWeb/ -- Today, Crisis Control Solutions LLC and Schwenk AG (Zürich, Switzerland) proudly announce that their CEO, Jochen Schwenk, has been granted membership into the exclusive Forbes Business Council. This esteemed council is a growth and networking platform that hosts the globe's most exceptional business leaders.

Key Points: 
  • Jochen Schwenk, CEO of Crisis Control Solutions LLC and Schwenk AG, has been accepted into the prestigious Forbes Business Council, a platform that unites exceptional global business leaders.
  • The Forbes Councils is a collaboration between Forbes and the Young Entrepreneur Council (YEC), providing an elite space for innovative business minds.
  • MIAMI, Aug. 30, 2023 /PRNewswire-PRWeb/ -- Today, Crisis Control Solutions LLC and Schwenk AG (Zürich, Switzerland) proudly announce that their CEO, Jochen Schwenk, has been granted membership into the exclusive Forbes Business Council.
  • On his induction into the Forbes Business Council, Jochen Schwenk stated, "I'm deeply honored to join the Forbes Business Council.

Dealership Blue Sky Values Are Still More Than 2.5x Higher Than in 2019 – Driving Highest Price Ever Paid for a Dealership in Automotive History

Retrieved on: 
Tuesday, August 29, 2023

The blue sky values of dealerships remain high, although they are slightly declining since their peak in 2022.

Key Points: 
  • The blue sky values of dealerships remain high, although they are slightly declining since their peak in 2022.
  • Haig Partners estimates the average blue sky value for a dealership has dropped 7% since the end of 2022 due to lower earnings.
  • The good news for sellers is that the blue sky value for a typical store is still more than 2.5x higher than in 2019.
  • To keep this level of earnings in perspective, dealership profits are still nearly 3.0x higher today than what they were in 2019.

commercetools Named a Leader in 2023 Gartner® Magic Quadrant™ for Digital Commerce for Fourth Year in a Row

Retrieved on: 
Wednesday, August 23, 2023

MUNICH, Aug. 23, 2023 /PRNewswire/ -- commercetools, the global leader in composable commerce, today announced it has again been positioned as a Leader in the Gartner Magic Quadrant for Digital Commerce. This is the fourth consecutive year the company has been recognized.

Key Points: 
  • MUNICH, Aug. 23, 2023 /PRNewswire/ -- commercetools , the global leader in composable commerce, today announced it has again been positioned as a Leader in the Gartner Magic Quadrant for Digital Commerce.
  • commercetools enables businesses, including large enterprises, to provide the modern customer experiences needed to be successful in today's market.
  • To learn more about the recognition, please visit the commercetools Analyst Report Access Center to download a copy of the 2023 Gartner Magic Quadrant for Digital Commerce.
  • Gartner, Magic Quadrant for Digital Commerce, 21 10 August 20232, Mike Lowndes, Yanna Dharmasthira, Jason Daigler, et.

Standard Motor Products' August Release Includes 210 New Part Numbers

Retrieved on: 
Wednesday, August 23, 2023

NEW YORK, Aug. 23, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP®) has released 210 new part numbers in its August new number announcement.

Key Points: 
  • NEW YORK, Aug. 23, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP®) has released 210 new part numbers in its August new number announcement.
  • This most recent release provides new coverage in 72 distinct product categories, and 69 part numbers for 2022, 2023 and 2024 model-year vehicles.
  • With the August release, Standard® and Four Seasons® continue to expand coverage for hybrid and electric vehicles.
  • Blower Motor Resistors are now available for 2.3 million vehicles including the 2019-15 Toyota Highlander Hybrid and 2019-16 Lexus LX570 Hybrid.

Ben & Nino's Towing & Auto Repair in New York Are Now One of the Most Technologically Advanced Towing Companies in the World with Their Purchase of the Tracked Machines TowTrack Towing Robot

Retrieved on: 
Tuesday, August 22, 2023

NEW YORK, Aug. 22, 2023 /PRNewswire/ -- Ben & Nino's Towing & Auto Repair in New York are now one of the most technologically advanced towing companies in the world with their purchase of the tracked machines TowTrack towing robot.

Key Points: 
  • NEW YORK, Aug. 22, 2023 /PRNewswire/ -- Ben & Nino's Towing & Auto Repair in New York are now one of the most technologically advanced towing companies in the world with their purchase of the tracked machines TowTrack towing robot.
  • Tracked Machines is proud to announce the arrival of the world famous TowTrack Towing Robot to New York City with Ben & Nino's Towing & Auto Repair services in Coney Island, New York.
  • Ben & Nino's Towing & Auto Repair (718) 339-8500, now serves New York City with the most Technology Advanced Towing Equipment in the World!
  • Ben & Nino's Towing serves New York City, the New Jersey-New York Port Authority and the John F. Kennedy International Airport.

Car Concierge Pro Redefines Luxury Automotive Experience with Unmatched Personalized Services to High-Net-Worth Individuals and Families

Retrieved on: 
Tuesday, August 22, 2023

SCOTTSDALE, Ariz., Aug. 22, 2023 /PRNewswire-PRWeb/ -- Car Concierge Pro, founded by Neel Mehta, an acclaimed automotive consultant, and TEDx speaker, unveils a revolutionary chapter in automotive services through its luxury car concierge offerings. Designed exclusively for high-net-worth individuals and families, this innovative service set a new benchmark in personalized support for car-buying, leasing, and trade-in processes. The array of meticulously curated brands includes Lamborghini, Ferrari, McLaren, Bentley, Rolls-Royce, Bugatti, Aston Martin, Porsche, Audi, Mercedes-Benz-AMG, Mercedes-Benz-Maybach, Koenigsegg, Pagani, and more.

Key Points: 
  • Car Concierge Pro, led by Neel Mehta, a renowned automotive consultant, introduces exclusive luxury car concierge services for high-net-worth individuals and families.
  • With a track record of $2 million in savings for 400+ clients, it's a game-changer in luxury automotive experiences.
  • SCOTTSDALE, Ariz., Aug. 22, 2023 /PRNewswire-PRWeb/ -- Car Concierge Pro , founded by Neel Mehta, an acclaimed automotive consultant, and TEDx speaker, unveils a revolutionary chapter in automotive services through its luxury car concierge offerings.
  • As a trailblazer in redefining the automotive landscape, Car Concierge Pro continues to champion exceptional customer experiences.

VMware Delivers Powerful Business Operation Transformation at the Edge

Retrieved on: 
Tuesday, August 22, 2023

This includes:

Key Points: 
  • This includes:
    New VMware Edge orchestration capabilities to orchestrate and manage multiple edge services at scale;
    A new retail edge industry solution to better support customer engagement, loss prevention, and point-of-sale transformation; and,
    A soon to be available VMware Edge managed connectivity service enabling wireless service providers to deliver private 4G/5G services to enterprises.
  • VMware Edge Cloud Orchestrator (formerly VMware SASE Orchestrator) will provide unified management for VMware SASE and the VMware Edge Compute Stack—an industry-first offering to bridge the gap between edge networking and edge compute.
  • The VMware Edge Cloud Orchestrator (VECO) will deliver holistic edge management by providing a single console to manage edge compute infrastructure, networking, and security.
  • The new VMware Retail Edge Solution brings the agility, ease of management, and better security of VMware Edge Compute Stack to retail store environments.

Toyota Takes Pole Position Among Automobiles, While Luxury Leaders Lexus and Tesla Are in Hot Pursuit, ACSI Data Show

Retrieved on: 
Tuesday, August 22, 2023

“The supply chain kinks that slowed production during the pandemic are starting to wane, and more cars are back in stock.

Key Points: 
  • “The supply chain kinks that slowed production during the pandemic are starting to wane, and more cars are back in stock.
  • Nearly every aspect of the driver experience — including driving performance, safety, dependability, gas mileage, and warranties — is better.
  • “Early EV adopters find these vehicles perform well relative to their expectations, yet ACSI data show they are only superior in technology and warranties.
  • No advertising or other promotional use can be made of the data and information in this release without the express prior written consent of ACSI LLC.