Automotive Manufacturing

Distribution Solutions Group Announces Filing of Shelf Registration Statement

Retrieved on: 
Friday, March 17, 2023
Construction & Property, Other Manufacturing, Packaging, Trucking, Automotive Manufacturing, Other Construction & Property, Transport, Manufacturing, Maintenance, Sale, DSG, The Company, Form S-3, Form, Security (finance), OEM, MRO

Distribution Solutions Group, Inc. (NASDAQ:DSGR) ("DSG" or the "Company"), a leading, multi-platform distribution company providing high touch, value-added distribution solutions to the maintenance, repair & operations (MRO), original equipment manufacturer (OEM) and industrial technologies markets announced today that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission to register one or more future offerings of up to $500 million of equity and debt securities of the Company.

Key Points: 
  • Distribution Solutions Group, Inc. (NASDAQ:DSGR) ("DSG" or the "Company"), a leading, multi-platform distribution company providing high touch, value-added distribution solutions to the maintenance, repair & operations (MRO), original equipment manufacturer (OEM) and industrial technologies markets announced today that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission to register one or more future offerings of up to $500 million of equity and debt securities of the Company.
  • DSG (formerly Lawson Products) previously filed a universal shelf registration statement on Form S-3 in May 2019 to register one or more offerings of up to $200 million of equity and debt securities of the Company which expired in May 2022.
  • The shelf registration statement filed by the Company with the Securities and Exchange Commission has not yet become effective.
  • This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Robert Friedland to retire from SES board of directors

Retrieved on: 
Friday, March 17, 2023
Automotive, Other Manufacturing, Technology, Engineering, Automotive Manufacturing, Manufacturing, General Automotive, Transportation, Environment, Travel, Other Energy, Other Transport, Trucking, Batteries, Alternative Energy, Energy, Transport, Other Technology, EV, Electric Vehicles, Hardware, Electrolyte, SPAC, Ivanhoe Mines, Life, Intelligence, EVS, SES, TSX, Salt, NYSE, Lithium, Automotive industry

Mr. Friedland and SES started working together in early 2021 when SES was going through its SPAC target selection process.

Key Points: 
  • Mr. Friedland and SES started working together in early 2021 when SES was going through its SPAC target selection process.
  • In February of 2022, after the successful completion of the merger between Ivanhoe Capital Acquisition Corporation and SES AI Corporation, Mr. Friedland joined the board of SES.
  • The company’s prospects are bright, and I wish SES the best of success,” said Robert Friedland.
  • SES is actively searching for a seasoned leader in the field of electric vehicles, batteries and artificial intelligence to join its board of directors.

Profits at Auto Dealerships Reached a Peak in 2022 - Driving High Demand for Acquisitions and Record-High Prices for Some Franchises

Retrieved on: 
Friday, March 17, 2023
Other Retail, Automotive, Finance, General Automotive, Consulting, Automotive Manufacturing, Specialty, Professional Services, Manufacturing, Retail, Most, Lithia, Partner, Value, Lithia & Driveway Fields, Record, Robin, Sale, Acquisition, NADA, Pandemic, Video game, Car dealership, Financial services, Security (finance), Stellantis

Profits reached an estimated $6.5M per location for dealerships owned by the public auto retailers, more than triple what they were before the Pandemic.

Key Points: 
  • Profits reached an estimated $6.5M per location for dealerships owned by the public auto retailers, more than triple what they were before the Pandemic.
  • Public dealer groups acquired 40 stores in 2022, making it the 2nd most active year for the public companies since 2015.
  • Most public companies will be looking for additional acquisitions in 2023 since their share prices have recovered in the early part of 2023.
  • The result of high profits and strong demand is that we have seen record-high prices being paid for dealerships in the last six months.

UMC Circular Economy & Recycling Innovation Center Breaks Ground for a Zero Waste Future

Retrieved on: 
Friday, March 17, 2023
Environment, Technology, Semiconductor, Automotive Manufacturing, Telecommunications, Manufacturing, Green Technology, Hardware, Recycling, Plastic, United Microelectronics Corporation, Copper sulfate, Electrolysis, Carbon, TWSE, Sale, Circular economy, US, Solvent, Southern Taiwan Science Park, UMC, Transport, Chief sustainability officer, NYSE, Fab, Lumber

United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”) today held a groundbreaking ceremony for its Circular Economy & Recycling Innovation Center, which will be established at its Fab 12A in Tainan, Taiwan.

Key Points: 
  • United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”) today held a groundbreaking ceremony for its Circular Economy & Recycling Innovation Center, which will be established at its Fab 12A in Tainan, Taiwan.
  • The NT$1.8 billion (US$58.8 million) facility will be the first waste recycling R&D center in the Southern Taiwan Science Park, serving as an important contributor for sustainable circular economy in Taiwan.
  • After the center begins operating in 2025, it is expected to reduce 15,000 metric tons of semiconductor manufacturing waste annually.
  • The Circular Economy & Recycling Innovation Center will serve as the center of our efforts to maximize resource recovery and minimize waste,” said SC Chien, UMC's Co-President and Chief Sustainability Officer.

XPENG Reports Fourth Quarter and Fiscal Year 2022 Unaudited Financial Results

Retrieved on: 
Friday, March 17, 2023
EV, Electric Vehicles, Automotive, Data Management, Technology, Automotive Manufacturing, General Automotive, Manufacturing, Mobile, Wireless, G9, Advertising, Marketing, ADS, Financial result, Research, P5, US, SSE, HKEX, Great Wall Motor, COVID-19, Investment, Growth, XPENG, Three Months, Total, Retail, Rare-earth element, Cryptocurrency, Video game, Food delivery, Pharmaceutical industry, Music, Insurance, Recycling, Internet service provider

Gross margin was 8.7% for the fourth quarter of 2022, compared with 12.0% and 13.5% for the fourth quarter of 2021 and the third quarter of 2022, respectively.

Key Points: 
  • Gross margin was 8.7% for the fourth quarter of 2022, compared with 12.0% and 13.5% for the fourth quarter of 2021 and the third quarter of 2022, respectively.
  • Vehicle margin was 5.7% for the fourth quarter of 2022, compared with 10.9% for the same period of 2021 and 11.6% for the third quarter of 2022.
  • Basic and diluted net loss per ADS were both RMB2.74 (US$0.40) for the fourth quarter of 2022, compared with RMB1.51 for the fourth quarter of 2021 and RMB2.77 for the third quarter of 2022.
  • Non-GAAP basic and diluted net loss per ADS were both RMB2.57 (US$0.37) for the fourth quarter of 2022, compared with RMB1.41 for the fourth quarter of 2021 and RMB2.59 for the third quarter of 2022.

Susan Alban Nominated to Join Li-Cycle Board of Directors

Retrieved on: 
Friday, March 17, 2023
EV, Electric Vehicles, Sustainability, Recycling, Batteries, Alternative Energy, Energy, Technology, Automotive, Environment, Engineering, Automotive Manufacturing, Manufacturing, Acceleration, Human resources, Duke University, Spoke, Partnership, Zume, Health, PayPal, Business, Uber, Hub, EBay, MBA, CHB, McKinsey & Company, PAETEC Holding Corp., Peridot, Spoke–hub distribution paradigm, Growth, Stanford Graduate School of Business, NYSE, Female, Risk management, Audit, Economics

“We believe that Susan will be a great addition to Li-Cycle’s Board,” said Tim Johnston, Li-Cycle’s co-founder and Executive Chair.

Key Points: 
  • “We believe that Susan will be a great addition to Li-Cycle’s Board,” said Tim Johnston, Li-Cycle’s co-founder and Executive Chair.
  • “She brings deep expertise in human resources management at rapidly growing companies and we are excited to welcome her to the Company’s Board.
  • Ms. Alban has a degree in Economics from Duke University and an MBA from Stanford Graduate School of Business.
  • Ms. Alban was nominated by Peridot Acquisition Sponsor, LLC as one of its two nominees for election to the Board and is expected to be designated as an independent director.

Li-Cycle to Host Annual Shareholders Meeting on Thursday, April 27, 2023 at 8:30 a.m. (ET)

Retrieved on: 
Friday, March 17, 2023
Automotive Manufacturing, EV, Electric Vehicles, Automotive, Technology, Manufacturing, Batteries, Alternative Energy, Environment, Energy, Engineering, Sustainability, Interim, Bank statement, Eastern Time Zone, Printing, EDGAR, Finance, PAETEC Holding Corp., Annual report, SEDAR, ESG, NYSE, Cryptocurrency, Meeting

Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), will hold its 2023 annual general meeting of shareholders (the “Meeting”) on Thursday, April 27, 2023 at 8:30 a.m. (Eastern Time) in a virtual format, via live audio webcast.

Key Points: 
  • Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), will hold its 2023 annual general meeting of shareholders (the “Meeting”) on Thursday, April 27, 2023 at 8:30 a.m. (Eastern Time) in a virtual format, via live audio webcast.
  • All interested parties are invited to attend the Meeting by using the live webcast link here: www.virtualshareholdermeeting.com/LICY2023 .
  • Only registered shareholders and duly appointed proxyholders as of the record date on March 6, 2023 will be entitled to vote and ask questions at the Meeting.
  • This is available for download from the Investors section of the Company website at Li-Cycle - Financials - Annual Report and Circular .

Machina Labs Awarded U.S. Air Force Contract for Robotic Composites Manufacturing

Retrieved on: 
Thursday, March 16, 2023
Hardware, Other Defense, Contracts, Automotive Manufacturing, Aerospace, Manufacturing, Technology, Robotics, Other Automotive, Defense, Artificial Intelligence, Other Manufacturing, Automotive, Science, Other Science, Engineering, Multimedia, Partnership, Air Force Research Laboratory, OOA, Traction, Organization, Labs, ACP, Address confidentiality program, United States Department of the Air Force, USAF, Composite, AFRL, Artificial intelligence, Air force, Entrepreneurship, 3D printing, Engineered wood

Machina Labs today announced that the United States Air Force (USAF) has awarded Machina Labs $1.6M to advance and accelerate the development of its robotic technology for manufacturing of metal tooling for high-rate production of composites.

Key Points: 
  • Machina Labs today announced that the United States Air Force (USAF) has awarded Machina Labs $1.6M to advance and accelerate the development of its robotic technology for manufacturing of metal tooling for high-rate production of composites.
  • View the full release here: https://www.businesswire.com/news/home/20230316005585/en/
    Machina Labs unlocks manufacturing with artificial intelligence and robotics.
  • Machina Labs’ AFWERX Tactical Funding Increase (TACFI) contract will be focused on metal tooling for a fast-cure, out-of-autoclave (OOA) composite processing route.
  • Through its previous contract with the Air Force Research Laboratory, Machina Labs has validated that its tools have vacuum integrity, are dimensionally stable once thermally stabilized, and are thermally more responsive than conventional metal tools.

Fisker Confirms Banking Relationship With JPMorgan Chase NA

Retrieved on: 
Thursday, March 16, 2023
Alternative Vehicles, Fuels, EV, Electric Vehicles, Finance, Automotive, Vehicle Technology, Banking, Automotive Manufacturing, Professional Services, Manufacturing, SVB, Fisker Ocean, Silicon Valley Bank, NYSE, Treasury, JPMorgan Chase, FDIC, Inc., Fisker Inc., Holding company, Bank, Fisker

Fisker Inc. (NYSE: FSR) ("Fisker"), driven by a mission to create the world’s most emotional and sustainable electric vehicles, confirms its global banking and treasury management relationship with JPMorgan Chase NA.

Key Points: 
  • Fisker Inc. (NYSE: FSR) ("Fisker"), driven by a mission to create the world’s most emotional and sustainable electric vehicles, confirms its global banking and treasury management relationship with JPMorgan Chase NA.
  • “Amid turmoil in the banking sector, Fisker’s relationship with JPMorgan Chase provides us with strategic financial strength as we launch our first vehicle, the Fisker Ocean,” said Chairman and CEO Henrik Fisker.
  • Fisker has received several media inquiries about its banking relationships and considers it important at this time to remind stakeholders of its relationship with JPMorgan Chase NA.
  • JPMorgan Chase NA1 also provides retail financing to Fisker customers in the US through Fisker Finance℠.

Horton® Partners With IMMI to Deliver Industry-Leading Protection for First Responders

Retrieved on: 
Thursday, March 16, 2023
Law Enforcement, Emergency Services, Public Policy, Government, Health, Automotive Manufacturing, Manufacturing, General Health, Multimedia, Research, Freedom, MBrace, Accident, OH, Injury, Work, Head, Ambulance, IMMI, NHTSA, CAPE, Fatality, Safety, EMS, FDIC International, Transport

All Horton vehicle orders placed on or after April 1, 2023, will include the MBrace system as standard equipment.

Key Points: 
  • All Horton vehicle orders placed on or after April 1, 2023, will include the MBrace system as standard equipment.
  • View the full release here: https://www.businesswire.com/news/home/20230316005450/en/
    Horton Emergency Vehicles launches Horton Occupant Protection System™ (HOPS) featuring MBrace™, the first of its kind protection for first responders.
  • MBrace was developed to provide more protection against head and neck injuries during frontal impact collisions, in addition to ambulance rollovers.
  • Designed and engineered by IMMI and tested extensively with Horton ambulances at the Center for Advanced Product Evaluation (CAPE), MBrace takes EMS protection to a new level.