CUV

KIA AMERICA ANNOUNCES 2023 NIRO HYBRID PRICING

Retrieved on: 
Tuesday, September 27, 2022

The all-new second generation 2023 Niro Hybrid offers more to love with a modern design, larger dimensions and more standard technology.

Key Points: 
  • The all-new second generation 2023 Niro Hybrid offers more to love with a modern design, larger dimensions and more standard technology.
  • With the highest combined EPA-estimated fuel efficiency rating in its segment at 53 MPG7 (LX, EX, SX trims), the 2023 Niro offers a compelling package.
  • The 2023 Niro Hybrid is arriving in dealers now and will be available in all 50 states.
  • 4 Kia Digital Key 2 Touch requires an eligible Kia Connect subscription and a compatible smart device with an active data plan.

Laufenn Launches All-Season X FIT HP Tire for SUVs

Retrieved on: 
Wednesday, September 7, 2022

The Laufenn X FIT HP tire, available in 28 sizes supporting popular rim diameter ranges from 16 to 22 inches, offers SUV and CUV drivers seeking a comfortable and quiet ride without sacrificing performance across wet, dry and winter driving conditions.

Key Points: 
  • The Laufenn X FIT HP tire, available in 28 sizes supporting popular rim diameter ranges from 16 to 22 inches, offers SUV and CUV drivers seeking a comfortable and quiet ride without sacrificing performance across wet, dry and winter driving conditions.
  • The Laufenn X FIT HP incorporates innovative tread and compound technologies to provide drivers with a well-rounded, affordable, and thoughtfully constructed product.
  • Our X FIT HP tire is a perfect example of that."
  • This latest X FIT HP tire joins the well-established Laufenn product portfolio that includes the S FIT, G FIT, X FIT and I FIT models.

GOODYEAR EXPANDS ITS ELECTRIC VEHICLE TIRE PORTFOLIO WITH NEW ALL-SEASON AND ULTRA HIGH-PERFORMANCE OPTIONS FOR ITS ELECTRICDRIVE™ TIRE LINE

Retrieved on: 
Thursday, September 1, 2022

AKRON, Ohio, Sept. 1, 2022 /PRNewswire/ -- To stay ahead of growing demand in the electric vehicle (EV) market, The Goodyear Tire & Rubber Company (NASDAQ: GT) has launched the all-new Goodyear ElectricDrive all-season tire and two new sizes for its ultra-high performance tire, the Goodyear ElectricDrive GT.

Key Points: 
  • AKRON, Ohio, Sept. 1, 2022 /PRNewswire/ -- To stay ahead of growing demand in the electric vehicle (EV) market, The Goodyear Tire & Rubber Company (NASDAQ: GT) has launched the all-new Goodyear ElectricDrive all-season tire and two new sizes for its ultra-high performance tire, the Goodyear ElectricDrive GT.
  • With the addition of four new sizes to its EV tire lineup, Goodyear ElectricDrive is now a fit for 44% more battery electric vehicles operating in the U.S. today*.
  • Additionally, Goodyear launched two new sizes for its ElectricDrive GT tire that was originally introduced in December 2021.
  • To learn more about the new Goodyear ElectricDrive and ElectricDrive GT, both of which are available nationwide, visit www.goodyear.com or contact your local Goodyear authorized dealer.

The Hive Has Arrived: All-new 2023 Dodge Hornet Unlocks Gateway to Dodge Muscle, Offers Quickest, Fastest, Most Powerful Compact Utility Vehicle Under $30,000

Retrieved on: 
Wednesday, August 17, 2022

The 2023 Dodge Hornet disrupts the fast-growing CUV segment, building buzz with a distinctive Dodge combination of muscular styling wrapped around best-in-class standard performance from a multi-energy powertrain roster and a swarm of class-exclusive performance features.

Key Points: 
  • The 2023 Dodge Hornet disrupts the fast-growing CUV segment, building buzz with a distinctive Dodge combination of muscular styling wrapped around best-in-class standard performance from a multi-energy powertrain roster and a swarm of class-exclusive performance features.
  • The all-new 2023 Dodge Hornet was revealed today at M1 Concourse in Pontiac, Michigan, with three vehicles showcasing the Dodge brand's new entry in the CUV segment: the "Head of the Hive" Dodge Hornet R/T; the Dodge Hornet GT, the industry's quickest, most powerful utility vehicle under $30,000; and the Dodge Hornet GT GLH Concept, which showcases available Direct Connection performance parts upgrades for the newest entry in the four-car Dodge vehicle lineup.
  • "The Dodge brand's electrified transformation has left the starting line, with the all-new Dodge Hornet R/T representing the first electrified performance vehicle from Dodge," said Tim Kuniskis, Dodge brand chief executive officer Stellantis.
  • "The Dodge Hornet is poised to jolt the mainstream compact utility vehicle segment with looks, feel and performance that are unmistakably Dodge.

Credit Unions Amass Largest Share of the Automotive Finance Market in Five Years

Retrieved on: 
Thursday, June 2, 2022

Through the first three months of 2022, there were some shifts in the automotive finance market, most notably, significant growth for credit unions.

Key Points: 
  • Through the first three months of 2022, there were some shifts in the automotive finance market, most notably, significant growth for credit unions.
  • According to Experians State of the Automotive Finance Market: Q1 2022 report, credit unions amassed 22.06% of the total automotive finance market, up from 18.55% a year prior.
  • The credit union growth is concurrent with a drop in market share for captives, which declined from 29.75% to 25.38% year-over-year.
  • This has resulted in an opportunity for credit unions to step in and gain market share, as they often offer the lowest interest rates, said Melinda Zabritski, Experians senior director of automotive financial solutions.

Hyundai IONIQ 5 Named CUV of Texas by the Texas Auto Writers Association

Retrieved on: 
Thursday, May 12, 2022

IONIQ 5 Wins CUV of Texas, Electric Vehicle of Texas and Highest Personal Appeal Awards

Key Points: 
  • IONIQ 5 Wins CUV of Texas, Electric Vehicle of Texas and Highest Personal Appeal Awards
    FOUNTAIN VALLEY, Calif., May 12, 2022 /PRNewswire/ -- Hyundai's IONIQ 5 takes home top honors being named CUV of Texas and Electric Vehicle of Texas by the Texas Auto Writers Association .
  • The IONIQ 5 also won the Highest Personal Appeal award and its vehicle-to-load (V2L) adaptor was named the Best New Feature award.
  • The Texas Auto Writers Association was founded in 1987 by automotive journalists who wanted to provide an avenue for professional growth, development, and networking.
  • The Texas Auto Roundup, as the event is called today, is held annually at the Texas Motor Speedway.

CLINUVEL progresses vitiligo treatment program

Retrieved on: 
Tuesday, May 10, 2022

The drug afamelanotide approved by US and European regulators for a rare light intolerance disorder is being evaluated by Australian company CLINUVEL as a treatment for vitiligo patients with darker skin types.

Key Points: 
  • The drug afamelanotide approved by US and European regulators for a rare light intolerance disorder is being evaluated by Australian company CLINUVEL as a treatment for vitiligo patients with darker skin types.
  • Treatment options remain limited, with no treatments for repigmentation of vitiligo currently approved by the US Food and Drug Administration (FDA).
  • Therefore we have chosen to focus on this patient group, with the highest unmet need, as our clinical program progresses, Dr Teng said.
  • Afamelanotide implants and narrow-band ultraviolet B phototherapy for the treatment of nonsegmental vitiligo in Asians.

Letter to shareholders from CLINUVEL’s CEO

Retrieved on: 
Friday, April 29, 2022

For the benefit of the 2.5% recently joined shareholders, I distinguish CLINUVELs genesis through a few sections, and address the all-important issue of timing.

Key Points: 
  • For the benefit of the 2.5% recently joined shareholders, I distinguish CLINUVELs genesis through a few sections, and address the all-important issue of timing.
  • Operating at a cost of capital of 14% to 16%, we financed the project mostly across two equity rounds at nearly $62 million.
  • All shareholders have benefited from our decision to step away from the pattern of serial equity issuances at a discount to market.
  • Our challenge remains to identify and attract new institutional shareholders, willing to invest longer-term as opposed to those who enter and exit positions short-term.

MiddleGround Capital Completes Second Add-On for Acquisition of TPT Solutions for Its Race Winning Brands Platform

Retrieved on: 
Thursday, April 21, 2022

MiddleGround Capital, an operationally-focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is thrilled to announce the acquisition of TPT Solutions (TPT) by its platform Race Winning Brands (RWB).

Key Points: 
  • MiddleGround Capital, an operationally-focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is thrilled to announce the acquisition of TPT Solutions (TPT) by its platform Race Winning Brands (RWB).
  • The transaction marks MiddleGrounds second add-on acquisition by RWB since the firm acquired the platform in December 2021.
  • The combined RWB and TPT businesses create a scaled performance automotive & powersports aftermarket platform with diversified exposure across vehicle applications.
  • We believe the addition of these three legendary brands to our family is a natural next step, adding outside-of-the-engine performance, stated Bob Bruegging, CEO of Race Winning Brands.

Supply Chain Constraints, Semiconductor Shortage to Boost Motor Vehicle Prices, Sales Values Near Term

Retrieved on: 
Friday, April 8, 2022

CLEVELAND, April 8, 2022 /PRNewswire/ -- Retail sales of new motor vehicles (MVs) in the US are forecast to increase 3.2% annually in unit terms through 2025, according to Motor Vehicles: United States, a report recently released by Freedonia Focus Reports. Suppliers will benefit from a continuation of low interest rates as well as easing supply chain constraints on MV production. Other factors such as increasing disposable personal incomes, an expanding population, and growth in freight, construction, and mining activity will also support growth in retail sales. Further gains over the forecast period will be limited by:

Key Points: 
  • Suppliers will benefit from a continuation of low interest rates as well as easing supply chain constraints on MV production.
  • Retail sales of motor vehicles in unit terms are expected to rise 1.7% in 2021.
  • However, prices will be driven up as growing demand is met with reduced supply caused by a shortage of semiconductor chips.
  • This report forecasts to 2021 and 2025 US motor vehicle retail sales in units and nominal US dollars, as well as production in units.