General Automotive

Lithia Motors Reports Record June Used Vehicle Sales Increasing 23% and the Acquisition of Two Additional Locations Expanding National Network

Tuesday, July 7, 2020 - 1:00pm

Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control.

Key Points: 
  • Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control.
  • Therefore, you should not rely on any of these forward-looking statements.
  • Managements Discussion and Analysis of Financial Condition and Results of Operations and in Part I, Item 1A.
  • Risk Factors of our most recent Annual Report on Form 10-K, and from time to time in our other filings with the SEC.

Crédit Agricole Corporate and Investment Bank Arranges the First Green ABCP Note Financing Electric Vehicles in Client Auto Retail Loan and Lease Pools

Tuesday, July 7, 2020 - 2:00pm

Crdit Agricole Corporate and Investment Bank (Credit Agricole CIB) announced today its first issuance of a green Asset-Backed Commercial Paper (ABCP) note, raising USD25 million.

Key Points: 
  • Crdit Agricole Corporate and Investment Bank (Credit Agricole CIB) announced today its first issuance of a green Asset-Backed Commercial Paper (ABCP) note, raising USD25 million.
  • Crdit Agricole CIB understands this to be the industry's first green ABCP note financing electric vehicles (EVs) in client auto loan and lease pools.
  • Further, the green ABCP assets will conform with the Crdit Agricole Corporate Social Responsibility (CSR) policy and contribute to the United Nations Sustainable Development Goals (SDGs) as outlined by the Green Bond Framework.
  • By establishing eligible green asset ABCP financing standards as an Annex within the Crdit Agricole Group Green Bond Framework (Green Bond Framework), and by working with auto finance clients to provide green collateral reporting, the ABCP programs are now able to connect green asset (ESG) investor financing with eligible green assets.

Merchants Fleet Expands Maintenance Program with YourMechanic Partnership

Tuesday, July 7, 2020 - 2:18pm

The partnership has enabled Merchants Fleet to greatly expand its Mobile Maintenance offering and overall Fleet Maintenance Management Program.

Key Points: 
  • The partnership has enabled Merchants Fleet to greatly expand its Mobile Maintenance offering and overall Fleet Maintenance Management Program.
  • We are excited to add YourMechanic to our partnership network and extend the mobile maintenance offering to our clients, said Adam Secore, Sr. Vice President, Operations at Merchants Fleet.
  • As a fully integrated Merchants Fleet Maintenance Program, ASE certified staff at Merchants Fleet will review all repairs, and charges will be incorporated into the consolidated billing process.
  • About Merchants Fleet: Merchants Fleet is the fastest growing fleet management company nationally.

Jan Fan Releases Six New Products

Tuesday, July 7, 2020 - 2:30pm

Jan Fan , a Hunter Industrial Fan company specializing in a variety of industrial and mobile work fans, announces the release of six new products.

Key Points: 
  • Jan Fan , a Hunter Industrial Fan company specializing in a variety of industrial and mobile work fans, announces the release of six new products.
  • Additionally, Jan Fan is now able to offer its products internationally with a 240-volt, 50-hertz motor to accommodate customers across the globe.
  • Our new products will provide customers with a variety of direct lighting and airflow options, said Brian Salem, National Sales Manager for Jan Fan.
  • Jan Fan, which has been in operation for more than 60 years, was acquired by Hunter Fan Company in 2019.

The UNH-IOL Launches New Automotive Audio Bus Testing Services for In-Vehicle Audio Devices

Tuesday, July 7, 2020 - 3:00pm

The UNH-IOL will serve as the industrys first laboratory for A2B conformance testing, which is an essential element of the broader A2B ecosystem.

Key Points: 
  • The UNH-IOL will serve as the industrys first laboratory for A2B conformance testing, which is an essential element of the broader A2B ecosystem.
  • A2B is a low-latency digital audio bus that transmits audio and control data together with clock and power over a single unshielded twisted pair cable.
  • To learn more about the UNH-IOLs Automotive Audio Bus Testing Services please visit the A2B Testing Services page .
  • UNH-IOLs services fit the needs of the market, while maintaining broad, comprehensive interoperability and conformance testing of networking, data, telecommunications, and storage products.

COVID-19 Impact & Recovery Analysis- Automotive Floor Carpet Market 2019-2023 | Growing Adoption of Electric Vehicles to Boost Growth | Technavio

Tuesday, July 7, 2020 - 12:30am

Our automotive floor carpet market report covers the following areas:

Key Points: 
  • Our automotive floor carpet market report covers the following areas:
    This study identifies advanced manufacturing techniques for molded floor carpets as one of the prime reasons driving the automotive floor carpet market growth during the next few years.
  • Automotive Floor Carpet Market 2019-2023: Vendor Analysis
    We provide a detailed analysis of vendors operating in the automotive floor carpet market, including some of the vendors such as Adler Pelzer Holding GmbH, Autoneum Holding Ltd., Grupo Antolin SA, International Automotive Components Group SA, Low & Bonar Plc, and Toyota Boshoku Corp.
  • Backed with competitive intelligence and benchmarking, our research reports on the automotive floor carpet market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
  • Automotive Floor Carpet Market 2019-2023: Key Highlights

CarMax Recommends Shareholders Reject Below-Market “Mini-Tender” Offer by TRC Capital Investment Corporation

Monday, July 6, 2020 - 9:30pm

CarMax requests that a copy of this press release be included with all distributions of materials relating to TRC Capitals mini-tender offer related to CarMax common stock.

Key Points: 
  • CarMax requests that a copy of this press release be included with all distributions of materials relating to TRC Capitals mini-tender offer related to CarMax common stock.
  • CarMax, the nations largest retailer of used cars, revolutionized the automotive retail industry by driving integrity, honesty and transparency in every interaction.
  • CarMax is proud to have been recognized for 16 consecutive years as one of the Fortune 100 Best Companies to Work For.
  • Changes in the availability or cost of capital and working capital financing, including changes related to the asset-backed securitization market.

COVID-19 Impact and Recovery Analysis- Automotive Inertial Measurement Unit Sensors Market 2020-2024 | The Strong Demand For IMU Sensors From Automotive to Boost Growth | Technavio

Monday, July 6, 2020 - 8:45pm

Technavio has been monitoring the automotive inertial measurement unit sensors market and it is poised to grow by $ 6.77 bn during 2020-2024.

Key Points: 
  • Technavio has been monitoring the automotive inertial measurement unit sensors market and it is poised to grow by $ 6.77 bn during 2020-2024.
  • Market estimates include pre- and post-COVID-19 impact on the automotive inertial measurement unit sensors market Download free sample report
    The market is fragmented, and the degree of fragmentation will decelerate during the forecast period.
  • The strong demand for IMU sensors from automotive has been instrumental in driving the growth of the market.
  • https://www.technavio.com/report/report/automotive-inertial-measurement-...
    Automotive inertial measurement unit sensors market 2020-2024: Segmentation
    Automotive inertial measurement unit sensors market is segmented as below:

White Oak Commercial Finance Delivers $8MM Credit Facility to Global Automotive Supplier

Monday, July 6, 2020 - 2:00pm

White Oak Commercial Finance LLC (White Oak), an affiliate of White Oak Global Advisors, LLC, announced it provided an $8MM credit facility to a global automotive supplier specializing in design, engineering, and manufacturing of mechatronic systems and lightweight solutions.

Key Points: 
  • White Oak Commercial Finance LLC (White Oak), an affiliate of White Oak Global Advisors, LLC, announced it provided an $8MM credit facility to a global automotive supplier specializing in design, engineering, and manufacturing of mechatronic systems and lightweight solutions.
  • "We are thrilled to close this credit facility and look forward to working with the company through the next phase of its growth and beyond," said White Oak Commercial Finance Head of Originations, David Montiel.
  • Through this recent factoring facility with inventory advances, White Oak continues to successfully provide scalable financing solutions to its clients in the automotive industry and beyond.
  • ABOUT WHITE OAK COMMERCIAL FINANCE, LLC
    White Oak Commercial Finance, LLC is a global financial products and services company providing credit facilities to companies across the economy.

Worldwide Road Safety Industry to 2027 - Strategic Recommendations in Key Business Segments - ResearchAndMarkets.com

Monday, July 6, 2020 - 11:37am

Rising number of road fatalities/accidents and government initiatives for enhancing road safety are the major factors propelling the market growth.

Key Points: 
  • Rising number of road fatalities/accidents and government initiatives for enhancing road safety are the major factors propelling the market growth.
  • Road safety can be defined as a systematic method that is used to avoid road users being injured or killed.
  • Road safety services are majorly deployed to improve the existing infrastructure and also join together the latest road safety solutions with the existing one.
  • Furthermore, the presence of the majority of key vendors of road safety has also contributed to the growth of the market in the region.