Mercedes

Kerrigan Advisors Represents MCE Automotive Group in Sale of Seven South Carolina Dealerships to Anderson Automotive Group

Retrieved on: 
Wednesday, August 23, 2023

With the sale of MCE Automotive Group, Kerrigan Advisors has completed transactions representing over $4 billion in client proceeds since 2020.

Key Points: 
  • With the sale of MCE Automotive Group, Kerrigan Advisors has completed transactions representing over $4 billion in client proceeds since 2020.
  • “It was a true honor to represent the Escude family in the sale of their highly valuable, premier dealerships in the thriving Greenville, South Carolina market.
  • The MCE transaction is indicative of the tremendous demand for dealerships located in South Carolina, one of the top 10 markets requested by buyers,” said Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors.
  • MCE Automotive Group captures 14% market share of Greenville’s new units sold, with a 45% share in Greer, a thriving Greenville suburb.

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.

Global In-Car Payment Market Trends Report 2033, Featuring Hyundai, Skoda, Apple, Apcoa and Parkopedia - ResearchAndMarkets.com

Retrieved on: 
Monday, August 21, 2023

The "Global In-Car Payment Market and Trends 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global In-Car Payment Market and Trends 2023" report has been added to ResearchAndMarkets.com's offering.
  • The global in-car payments market is expected to flourish, driven by the increasing shift towards cashless payments among consumers worldwide.
  • Several players in the automotive industry are exploring and offering in-car payment solutions to meet consumer demand.
  • The report addresses various questions, including:
    What is the forecasted market value of the connected car solutions market by 2030?

Maxon Returns to IBC 2023 With a Standout Roster of Creatives

Retrieved on: 
Thursday, August 17, 2023

BAD HOMBURG, Germany, Aug. 17, 2023 /PRNewswire-PRWeb/ -- Maxon, developers of professional 3D software solutions for editors, filmmakers, motion designers, visual effects artists and creators of all types, is pleased to announce that they will be exhibiting the latest updates to the Maxon One product line at the 2023 IBC Show in Amsterdam from September 15th - 18th (booth 7.A27).

Key Points: 
  • "The Maxon team is excited to return to IBC and delighted to be joined by a fantastic selection of creative pros in Amsterdam," says David McGavran, Maxon CEO.
  • Visitors are also invited to use Maxon's exclusive code "IBC5151" to register for IBC for free.
  • Presenters at Maxon's IBC 2023 Booth:
    Andy Needham is a UK-based motion designer with nearly 20 years of experience.
  • Head to the Maxon IBC event page to find more details on each presentation and the full schedule.

The J.M. Smucker Co. Elects Tarang Amin and Mercedes Abramo to its Board of Directors

Retrieved on: 
Wednesday, August 16, 2023

Smucker Co. (NYSE: SJM) announced today the election of Tarang Amin and Mercedes Abramo to its Board of Directors.

Key Points: 
  • Smucker Co. (NYSE: SJM) announced today the election of Tarang Amin and Mercedes Abramo to its Board of Directors.
  • The Company also announced the retirements of Richard Smucker, Paul Dolan and Sandra Pianalto from its Board of Directors.
  • With his retirement, Richard Smucker will assume the role of Chairman Emeritus on the Company's board.
  • "We are excited to welcome Tarang and Mercedes to our Board of Directors, further diversifying the expertise we have supporting the continued growth of our business," said Mark Smucker, Chair of the Board, President and Chief Executive Officer, The J.M.

IDTechEx Discusses 4 Ways to Eliminate Rare Earths in EV Motors and One You Haven't Heard

Retrieved on: 
Monday, August 14, 2023

82% of the electric car market in 2022 was using electric motors based on rare earth permanent magnets.

Key Points: 
  • 82% of the electric car market in 2022 was using electric motors based on rare earth permanent magnets.
  • In a rare earth permanent magnet (PM) motor, the magnets are located on the rotor.
  • These motors have historically also had poorer power and torque density, but modern versions are comparable with PM motors.
  • There is an increasing focus, especially outside of China, on reducing the rare earth content of electric motors.

IDTechEx Discusses 4 Ways to Eliminate Rare Earths in EV Motors and One You Haven't Heard

Retrieved on: 
Monday, August 14, 2023

82% of the electric car market in 2022 was using electric motors based on rare earth permanent magnets.

Key Points: 
  • 82% of the electric car market in 2022 was using electric motors based on rare earth permanent magnets.
  • In a rare earth permanent magnet (PM) motor, the magnets are located on the rotor.
  • These motors have historically also had poorer power and torque density, but modern versions are comparable with PM motors.
  • There is an increasing focus, especially outside of China, on reducing the rare earth content of electric motors.

IDTechEx Discusses 4 Ways to Eliminate Rare Earths in EV Motors and One You Haven't Heard

Retrieved on: 
Monday, August 14, 2023

82% of the electric car market in 2022 was using electric motors based on rare earth permanent magnets.

Key Points: 
  • 82% of the electric car market in 2022 was using electric motors based on rare earth permanent magnets.
  • In a rare earth permanent magnet (PM) motor, the magnets are located on the rotor.
  • These motors have historically also had poorer power and torque density, but modern versions are comparable with PM motors.
  • Source: IDTechEx
    There is an increasing focus, especially outside of China, on reducing the rare earth content of electric motors.

IDTechEx Discusses 4 Ways to Eliminate Rare Earths in EV Motors and One You Haven't Heard

Retrieved on: 
Monday, August 14, 2023

82% of the electric car market in 2022 was using electric motors based on rare earth permanent magnets.

Key Points: 
  • 82% of the electric car market in 2022 was using electric motors based on rare earth permanent magnets.
  • In a rare earth permanent magnet (PM) motor, the magnets are located on the rotor.
  • These motors have historically also had poorer power and torque density, but modern versions are comparable with PM motors.
  • Source: IDTechEx
    There is an increasing focus, especially outside of China, on reducing the rare earth content of electric motors.

Luminar Reports Strong Second Quarter 2023 Business Update and Financials

Retrieved on: 
Tuesday, August 8, 2023

Today Luminar (NASDAQ: LAZR), a leading global automotive technology company, provided its quarterly business update and financial results for the second quarter of 2023.

Key Points: 
  • Today Luminar (NASDAQ: LAZR), a leading global automotive technology company, provided its quarterly business update and financial results for the second quarter of 2023.
  • In Q2, Luminar also announced a partnership with TPK to build and operate an additional high volume factory in Asia.
  • Cash, Cash Equivalents and Marketable Securities: Maintained strong cash position, including marketable securities, of $365.8 million as of June 30, 2023.
  • What: Video webcast featuring quarterly business update, Q2 financials and live Q&A
    A live webcast of the event will be available on Luminar’s investor site at https://luminartech.com/quarterlyreview .