Automotive

Carvana and Jimmie Johnson Fuel Automotive Education with Equipment and Vehicle Donation

Retrieved on: 
Tuesday, July 16, 2024

Carvana (NYSE: CVNA), an industry pioneer for buying and selling used cars online, is excited to announce a unique collaboration with racing legend Jimmie Johnson to celebrate and support automotive education.

Key Points: 
  • Carvana (NYSE: CVNA), an industry pioneer for buying and selling used cars online, is excited to announce a unique collaboration with racing legend Jimmie Johnson to celebrate and support automotive education.
  • As part of this partnership, Carvana and Jimmie Johnson will donate equipment and funds to the Arsenal Technical High School, a member of Indianapolis Public Schools (IPS), in conjunction with Johnson’s highly anticipated Brickyard 400 race.
  • View the full release here: https://www.businesswire.com/news/home/20240716838007/en/
    Students from Arsenal Tech High to receive donation, Jimmie Johnson meet and greet (Photo: Business Wire)
    “We are incredibly excited to partner with Jimmie Johnson in supporting automotive education in the Indianapolis area as we gear up for the Brickyard 400,” said Ryan Keeton, Carvana Co-Founder and Chief Brand Officer.
  • With this donation, both are proud to encourage educational growth and career development for students pursuing automotive careers.

Nano-enabled Batteries Global Strategic Research 2023-2030 - Development of Next-Generation Consumer Electronics Expands Opportunities - ResearchAndMarkets.com

Retrieved on: 
Tuesday, July 16, 2024

The "Nano-enabled Batteries - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Nano-enabled Batteries - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
  • This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
  • The growth in the nano-enabled batteries market is driven by several factors.
  • Consumer behavior is shifting towards devices that offer greater convenience and longer battery life, driving the adoption of nano-enabled batteries in portable electronics.

Infinitum Secures $35 Million Series E Extension Amid Rapid Growth

Retrieved on: 
Tuesday, July 16, 2024

Infinitum , creator of the sustainable air-core motor, today announced it has extended its Series E with $35 million in funding from Marunouchi Innovation Partners and Rice Investment Group.

Key Points: 
  • Infinitum , creator of the sustainable air-core motor, today announced it has extended its Series E with $35 million in funding from Marunouchi Innovation Partners and Rice Investment Group.
  • The additional funding brings the company’s total Series E funding to $220 million, and will be used to scale the company to meet customer demand and drive decarbonization.
  • Infinitum’s air-core motor systems can sustainably power energy-intensive applications used in data centers, hospitals and buildings, as well as logistics, manufacturing and industrial facilities with less electricity, carbon emissions and waste.
  • “We look forward to further expanding our company to meet customer demand and accelerate production of our sustainable motor systems.”

Indy Autonomous Challenge AI Racecar Presented by Bridgestone Sets Autonomous Hillclimb Record at the Goodwood Festival of Speed

Retrieved on: 
Tuesday, July 16, 2024

On a busy Sunday afternoon, in front of a global audience of motorsport enthusiasts, The Indy Autonomous Challenge’s (IAC) self-driving AV-24 racecar set the record for the fastest autonomous Hillclimb at the Festival of Speed.

Key Points: 
  • On a busy Sunday afternoon, in front of a global audience of motorsport enthusiasts, The Indy Autonomous Challenge’s (IAC) self-driving AV-24 racecar set the record for the fastest autonomous Hillclimb at the Festival of Speed.
  • The AV-24 is piloted by an AI Driver developed by Team PoliMOVE-MSU (Politecnico di Milano and Michigan State University).
  • View the full release here: https://www.businesswire.com/news/home/20240716347266/en/
    The IAC AV-24, a racecar driven by AI, sets autonomous record at the Goodwood Festival of Speed.
  • (Photo: Business Wire)
    The AV-24 performed a series of three runs during the iconic festival.

Yamaha Motor Launches Mangrove Planting Project in Indonesia

Retrieved on: 
Tuesday, July 16, 2024

Yamaha Motor Co., Ltd. (Tokyo: 7272) announces it has signed a service agreement with YL Forest Co., Ltd. (hereinafter, “YLF”), a company headquartered in Fukuoka City that is implementing its proprietary mangrove planting method in the Republic of Indonesia.

Key Points: 
  • Yamaha Motor Co., Ltd. (Tokyo: 7272) announces it has signed a service agreement with YL Forest Co., Ltd. (hereinafter, “YLF”), a company headquartered in Fukuoka City that is implementing its proprietary mangrove planting method in the Republic of Indonesia.
  • Going forward, funding provided to YLF by the Company will go toward launching a new mangrove planting project in the country’s province of South Sulawesi.
  • Through YLF’s work, Yamaha Motor will plant 215 hectares (approximately 370,000 trees) of mangroves as well as maintain operations in the project area.
  • YLF conducts afforestation work using its own version of silvofishery for mangrove planting.

Global Light, Medium, and Heavy Commercial Vehicle Outlook 2024: Lucrative Opportunities in Modularity in EV Platforms, Alternate ICE Systems, and Realignment of Global Supply Chains - ResearchAndMarkets.com

Retrieved on: 
Tuesday, July 16, 2024

The "Global Light, Medium, and Heavy Commercial Vehicle Outlook, 2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Light, Medium, and Heavy Commercial Vehicle Outlook, 2024" report has been added to ResearchAndMarkets.com's offering.
  • Both China and Europe experienced significant growth in LCV and M&HD truck sales in 2023, mainly driven by a low base affect.
  • Other emerging markets faced a challenging year, with India and ASEAN specifically contracting in LCV sales and with LATAM's M&HD truck sales declining substantially in 2023.
  • Chinese OEMs contributed to nearly one-third of global truck sales in 2023, a substantial increase from one-fourth of sales the previous year.

Applied Information Launches Optical-Based Option for Emergency Vehicle Preemption and Transit Bus Priority at Traffic Signals

Retrieved on: 
Tuesday, July 16, 2024

Applied Information’s Glance® Preemption system automatically enables optical and C-V2X technologies to work together to request a green light.

Key Points: 
  • Applied Information’s Glance® Preemption system automatically enables optical and C-V2X technologies to work together to request a green light.
  • The Glance Preemption system also provides first responders with vehicle tracking and reporting.
  • Additionally, Glance Preemption can notify the public of a nearby active emergency vehicle on Waze, HAAS Alert Safety Cloud® and the TravelSafely® smartphone app.
  • Glance Preemption uses a combination of GPS, edge computing, and redundant cellular and direct radio communications to work with the traffic signal.

Former Salesforce Chief Customer Officer Mike Milburn Joins EVPassport Board of Directors

Retrieved on: 
Tuesday, July 16, 2024

EVPassport , the most reliable EV charging network in the United States, has appointed Mike Milburn to its Board of Directors.

Key Points: 
  • EVPassport , the most reliable EV charging network in the United States, has appointed Mike Milburn to its Board of Directors.
  • Milburn previously served as the Chief Customer Officer at Salesforce, Inc. (NYSE: CRM) and brings over 20 years of experience in leadership positions specializing in SaaS, growth, and innovation.
  • Prior to joining THL, Milburn co-founded Pimly and served as the President of Salsify and Chief Customer Officer at Salesforce, where he drove customer success programs for some of the largest SaaS customers.
  • In addition to EVPassport, Milburn sits on the Board of Directors for Cadalys and Swantide.

The Presidio Group Exclusively Advises the Brown Family on the Sale of Bill Brown Ford to Penske Automotive Group

Retrieved on: 
Tuesday, July 16, 2024

For 50 years, Bill Brown Ford was led by Ed Brown, who passed away in March 2023.

Key Points: 
  • For 50 years, Bill Brown Ford was led by Ed Brown, who passed away in March 2023.
  • “To say that Ford Motor Company has been transformational to our family and all the employees at Bill Brown Ford would be an understatement,” owner Ruth Ann Brown said.
  • “We congratulate Tom Brown, Ruth Ann Brown and Penske Automotive Group for completing this important transaction.”
    “Penske Automotive Group is one of the industry’s legendary dealers, and it made perfect sense to entrust the organization with the Bill Brown Ford legacy,” said George Karolis, president of The Presidio Group.
  • The Presidio Group provided exclusive M&A advisory services to Bill Brown Ford through its wholly owned investment bank, Presidio Merchant Partners LLC.

Cenntro Receives California Air Resources Board Executive Order Certifying Its Logistar® 300 Model

Retrieved on: 
Tuesday, July 16, 2024

Cenntro Inc. (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, today announces Cenntro received a California Air Resources Board (“CARB”) “Executive Order” and a “Certificate of Conformity” from the United States Environmental Protection Agency (“EPA”) for the Logistar® 300 (“LS300”) model.

Key Points: 
  • Cenntro Inc. (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, today announces Cenntro received a California Air Resources Board (“CARB”) “Executive Order” and a “Certificate of Conformity” from the United States Environmental Protection Agency (“EPA”) for the Logistar® 300 (“LS300”) model.
  • View the full release here: https://www.businesswire.com/news/home/20240716023158/en/
    On June 21, 2024, Cenntro received the CARB Executive Order certifying the all-electric, light-duty, class 3 LS300 model meets the standard to be considered zero-emissions vehicles in California.
  • Similarly, the Certificate of Conformity confirms that the LS300 meets the EPA's emissions requirements under the Clean Air Act.
  • “Production of the LS300 in both cab-chassis and delivery van models, will take place at our recently established facility in Ontario, CA.”