General Automotive

NTTVC Publicly Announces $500 Million Fund Created in Partnership with NTT

Monday, October 26, 2020 - 11:40am

NTTVC today publicly announced its $500 million fund to help startups reach rapid global scale by harnessing the power of partnership.

Key Points: 
  • NTTVC today publicly announced its $500 million fund to help startups reach rapid global scale by harnessing the power of partnership.
  • The independent venture capital firm was founded by entrepreneur and investor Vab Goel in collaboration with global technology service provider NTT .
  • By partnering with Goel to form a returns-driven venture capital fund, NTT deepens its commitment to building long-term relationships in the entrepreneurial ecosystem.
  • In turn, NTTVC portfolio companies have the choice and opportunity to sell to, through and with NTT to help scale their businesses.

XL Fleet and Pivotal Investment Corporation II to Participate in SPACInsider Webinar on October 26 at 2pm ET

Monday, October 26, 2020 - 11:00am

On September 18, 2020, XL and Pivotal announced that they have entered into a definitive merger agreement.

Key Points: 
  • On September 18, 2020, XL and Pivotal announced that they have entered into a definitive merger agreement.
  • Pivotal is led by Chairman and CEO Jon Ledecky, a seasoned businessman with over 35 years of investment and operational experience.
  • Additionally, Kevin Griffin, the Chief Executive Officer and Chief Investment Officer of MGG Investment Group, LP, serves as a Pivotal director and CEO of Pivotal Spac Funding II LLC, Pivotals sponsor.
  • These forward-looking statements are expressed in good faith, and Pivotal and XL believe there is a reasonable basis for them.

Global Two Wheeler Accessories Market Report 2020: Focus on Protective Gear & Fittings/Lights - ResearchAndMarkets.com

Monday, October 26, 2020 - 10:50am

The "Two Wheeler Accessories - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Two Wheeler Accessories - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
  • Protective Gears, one of the segments analyzed in the report, is projected to grow at a 5.2% CAGR to reach US$7.5 Billion by the end of the analysis period.
  • This segment currently accounts for a 20% share of the global Two Wheeler Accessories market.
  • The country currently accounts for a 28.94% share in the global market.

BMW and Alibaba Sign a MoU for Strategic Partnership Promoting Digital Transformation Across Businesses

Monday, October 26, 2020 - 10:02am

On October 26, BMW and Alibaba signed a Memorandum of Understanding (MoU) for strategic partnership in Beijing.

Key Points: 
  • On October 26, BMW and Alibaba signed a Memorandum of Understanding (MoU) for strategic partnership in Beijing.
  • Now BMW is once again at the forefront of digital transformation, becoming the first auto manufacturer to leverage Alibaba Business Operating System (ABOS).
  • According to the MoU, BMW and Alibaba will jointly launch the first online sales and services businesses engaging dealers among premium auto brands, to create a seamless end-to-end online-to-offline digital experience.
  • The partnership between BMW and Alibaba in digitalization is another proof point that BMW moves digital transformation into the fast lane.

Ryder Introduces RyderGyde™ Touchless Check-in Process, A Contactless Experience for Drivers

Monday, October 26, 2020 - 10:55am

Powered by RyderGyde, Ryders digital fleet management tool, drivers will be alerted to check-in via geo-location technology and onsite signage.

Key Points: 
  • Powered by RyderGyde, Ryders digital fleet management tool, drivers will be alerted to check-in via geo-location technology and onsite signage.
  • View the full release here: https://www.businesswire.com/news/home/20201026005225/en/
    RyderGyde, Ryders digital fleet management tool, is optimizing communication, minimizing human interaction, and ultimately promoting a health-focused experience for drivers and Ryder employees.
  • Were making widespread adoption of our touchless check-in easy and accessible for all drivers.
  • RyderGyde is optimizing communication, minimizing human interaction during COVID-19, and ultimately promoting a health-focused experience for drivers and Ryder employees.

Carvana Partners with 7-Time NASCAR Cup Series Champion Jimmie Johnson and Chip Ganassi Racing in INDYCAR

Saturday, October 24, 2020 - 7:03pm

Leading online auto retailer Carvana (NYSE: CVNA) announced today it will be the primary partner for 7-time NASCAR Cup Series (NCS) Champion Jimmie Johnson and Chip Ganassi Racing (CGR) for the 2021 NTT INDYCAR SERIES racing season in the newly-formed Carvana Chip Ganassi Racing entry.

Key Points: 
  • Leading online auto retailer Carvana (NYSE: CVNA) announced today it will be the primary partner for 7-time NASCAR Cup Series (NCS) Champion Jimmie Johnson and Chip Ganassi Racing (CGR) for the 2021 NTT INDYCAR SERIES racing season in the newly-formed Carvana Chip Ganassi Racing entry.
  • View the full release here: https://www.businesswire.com/news/home/20201024005003/en/
    Carvana will be the primary partner for 7-time NASCAR Cup Series (NCS) Champion Jimmie Johnson and Chip Ganassi Racing (CGR) for the 2021 NTT INDYCAR SERIES racing season in the newly-formed Carvana Chip Ganassi Racing entry.
  • Were looking forward to that shared challenger mindset, teamed up with Chip Ganassi Racing, for what is sure to be a fun, exciting racing season.
  • Today his teams include three cars in the NTT INDYCAR SERIES and two cars in the NASCAR Cup Series.

Piedmont Announces Closing of Public Offering and Full Exercise of Underwriters’ Over-Allotment Option

Friday, October 23, 2020 - 9:05pm

Piedmont Lithium Limited (Piedmont or the Company) (Nasdaq:PLL; ASX:PLL) today announced the closing of its previously announced underwritten public offering of 2.3 million American Depositary Shares (ADSs), which includes the full exercise of the underwriters option to purchase 300,000 additional ADSs, with each ADS representing 100 of its ordinary shares (Public Offering).

Key Points: 
  • Piedmont Lithium Limited (Piedmont or the Company) (Nasdaq:PLL; ASX:PLL) today announced the closing of its previously announced underwritten public offering of 2.3 million American Depositary Shares (ADSs), which includes the full exercise of the underwriters option to purchase 300,000 additional ADSs, with each ADS representing 100 of its ordinary shares (Public Offering).
  • The aggregate gross proceeds of the Public Offering, before underwriting discounts and commissions, totaled $57.5 million.
  • Evercore ISI, Canaccord Genuity and ThinkEquity, a division of Fordham Financial Management, Inc., acted as joint book-runners for the Public Offering.
  • Loop Capital Markets and Roth Capital Partners acted as co-managers for the Public Offering.

SKIDATA Selected to Create and Implement State-Of-The-Art Parking Technology System for City of Tampa

Friday, October 23, 2020 - 6:23pm

SKIDATA, the world leader in parking access and revenue management, has been selected by the City of Tampa to create and implement a city-wide gated parking revenue control system.

Key Points: 
  • SKIDATA, the world leader in parking access and revenue management, has been selected by the City of Tampa to create and implement a city-wide gated parking revenue control system.
  • It will also provide real-time centralized processing of parking utilization data to help city parking administrators manage parking assets more efficiently and effectively.
  • The SKIDATA parking technology suite will manage over 8,500 parking spaces in 9 garages located across the city.
  • The system will be powered SKIDATAs cloud-based sweb.Control technology, which will allow city parking administrators to manage the parking system or individual garages remotely, from anyplace.

SmartSens Launches SC133GS 130W Pixel Global Shutter CMOS Sensor for In-Vehicle Automotive Applications

Friday, October 23, 2020 - 5:02pm

SmartSens today announced the launch of its SC133GS CMOS 130W pixel CMOS sensor with global shutter and fan-out package to further enhance performance in automotive settings.

Key Points: 
  • SmartSens today announced the launch of its SC133GS CMOS 130W pixel CMOS sensor with global shutter and fan-out package to further enhance performance in automotive settings.
  • View the full release here: https://www.businesswire.com/news/home/20201023005116/en/
    DMS systems equipped with the SC133GS can monitor driver attentiveness by tracking face and head movements during vehicle operation.
  • The real-time feedback and data from the SC133GS can be used to trigger alerts and warnings for the driver and vehicle occupants.
  • The SC133GS combines several proprietary SmartSens technologies, including global shutter, to create a smarter and safer vehicle environment for drivers and their passengers.

Worldwide Tire Industry to 2025 - Featuring Continental, Kumho Tires and Hankook Tires Among Others - ResearchAndMarkets.com

Friday, October 23, 2020 - 4:17pm

In 2019, the Global Tire Market stood around 2,240 million units in terms of volume and is expected to grow at a moderate pace during forecast period and cross 2,740 million units by 2025.

Key Points: 
  • In 2019, the Global Tire Market stood around 2,240 million units in terms of volume and is expected to grow at a moderate pace during forecast period and cross 2,740 million units by 2025.
  • The Global Tire Market is mainly classified based on vehicle type, demand category, radial vs bias, and regions.
  • The Global Tire Market has also captured the preferred tire sizes of 80 countries, combined with details of tire plants such as production capacities and greenfield or brownfield type located across the globe.
  • Based on the vehicle type, the market is bifurcated into passenger car tire, light commercial vehicle (LCV) tire, medium & heavy commercial vehicle (M&HCV) tire, two-wheeler tire, three-wheeler tire and OTR tire segments.