General Automotive

Vehlo Names New Executive Leadership Team to Drive New Season of Growth

Retrieved on: 
Tuesday, April 2, 2024

Vehlo , a distinguished leader in software and financial solutions for the automotive repair industry, today announced additions to its executive leadership team, including newly appointed Chief Executive Officer Josh Weis , who succeeds Michelle Fischer upon her transition to chair the Vehlo board of directors.

Key Points: 
  • Vehlo , a distinguished leader in software and financial solutions for the automotive repair industry, today announced additions to its executive leadership team, including newly appointed Chief Executive Officer Josh Weis , who succeeds Michelle Fischer upon her transition to chair the Vehlo board of directors.
  • Weis was most recently CEO of Office Pride, a commercial cleaning services franchisor, leading the company to record-breaking growth over the last two years.
  • Under her leadership, Vehlo completed two recapitalizations, the first led by PSG and the second led by current control investor Greater Sum Ventures (GSV).
  • The trio has decades of experience guiding SaaS platforms to profitable growth, and each has held leadership roles in a variety of private-equity sponsored businesses.

Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for First Quarter 2024

Retrieved on: 
Tuesday, April 2, 2024

Tesla will post its financial results for the first quarter of 2024 after market close on Tuesday, April 23, 2024.

Key Points: 
  • Tesla will post its financial results for the first quarter of 2024 after market close on Tuesday, April 23, 2024.
  • At that time, Tesla will issue a brief advisory containing a link to the Q1 2024 update, which will be available on Tesla’s Investor Relations website.
  • Tesla management will hold a live question and answer webcast that day at 4:30 p.m. Central Time (5:30 p.m. Eastern Time) to discuss the Company’s financial and business results and outlook.
  • Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings.

Manheim San Antonio Earns defi MANAGED SERVICING Remarketing 2023 Auction of the Year

Retrieved on: 
Tuesday, April 2, 2024

defi MANAGED SERVICING Remarketing, the remarketing services of the defi SOLUTIONS platform of products and services, is recognizing the relationship and contributions of partner Manheim San Antonio by bestowing its annual award for Auction of the Year.

Key Points: 
  • defi MANAGED SERVICING Remarketing, the remarketing services of the defi SOLUTIONS platform of products and services, is recognizing the relationship and contributions of partner Manheim San Antonio by bestowing its annual award for Auction of the Year.
  • With more than 100 operating locations worldwide and mobile auctions held at non-traditional locations, Manheim San Antonio and other Manheim auctions continuously perform at the top of their game for defi and its lenders.
  • defi continues to offer a full-service remarketing program – with reconditioning, inspection, transportation, and auction sale – for banks and financial institutions of all sizes.
  • “Manheim San Antonio made an impressive showing this past year,” said Steve Bissett, defi SOLUTIONS VP of client services.

ITT Nominates Christopher O’Shea for Election to Board of Directors

Retrieved on: 
Tuesday, April 2, 2024

April 2, 2024-- ITT Inc. (NYSE: ITT ) today announced the nomination of Christopher O’Shea for election to its Board of Directors at the company’s upcoming 2024 annual meeting of shareholders.

Key Points: 
  • April 2, 2024-- ITT Inc. (NYSE: ITT ) today announced the nomination of Christopher O’Shea for election to its Board of Directors at the company’s upcoming 2024 annual meeting of shareholders.
  • “We are honored at the prospect of having Chris join the ITT Board of Directors.
  • Mr. O’Shea’s election to the Board will be effective May 15, 2024 pending shareholder approval at the company’s 2024 annual meeting of shareholders.
  • The Board intends to appoint Mr. O’Shea to the company’s Audit Committee, effective at the time of his election.

Global and China Automotive Functional Safety and Safety Of The Intended Functionality (SOTIF) Research Report 2024 Featuring Layout of 10 Major OEMs and Solutions for 12 Main Enterprises - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 2, 2024

The "Global and China Automotive Functional Safety and Safety Of The Intended Functionality (SOTIF) Research Report, 2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global and China Automotive Functional Safety and Safety Of The Intended Functionality (SOTIF) Research Report, 2024" report has been added to ResearchAndMarkets.com's offering.
  • As a result, functional safety and SOTIF (safety of the intended functionality) have caught more attention, especially in the field of autonomous vehicles.
  • In 2023, standards and policies have speeded up the development of automotive functional safety and SOTIF in China.
  • OEMs and suppliers greatly increase automotive functional safety processes and product certifications, and embark on the layout of SOTIF process certification.

Attorney Amy Witherite of Witherite Law Group: Advocating for School Bus Safety in Texas

Retrieved on: 
Tuesday, April 2, 2024

Attorney Amy Witherite , has raised concerns over the lack of three-point seat belts in all Texas school buses, calling it a critical safety issue that demands immediate attention.

Key Points: 
  • Attorney Amy Witherite , has raised concerns over the lack of three-point seat belts in all Texas school buses, calling it a critical safety issue that demands immediate attention.
  • Advocating for child safety, Witherite emphasizes the urgency of ensuring that every Texas school bus is equipped with proper seat belts to protect young passengers.
  • "It’s a crime all Texas school buses don’t have seat belts," notes Witherite, highlighting that while seat belts are mandatory in cars, not every school bus in Texas provides this crucial safety measure.
  • Witherite also references the legislative efforts in Texas, including Ashley and Alicia’s Law, which aimed to address school bus safety following a tragic incident involving two Beaumont high school students in 2006.

onsemi Recommends Stockholders Reject Below-Market Mini-Tender Offer by TRC Capital Investment Corporation

Retrieved on: 
Tuesday, April 2, 2024

ON Semiconductor Corporation (Nasdaq: ON) (“onsemi”) disclosed today that it has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation, an Ontario corporation (“TRC Capital Investment”).

Key Points: 
  • ON Semiconductor Corporation (Nasdaq: ON) (“onsemi”) disclosed today that it has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation, an Ontario corporation (“TRC Capital Investment”).
  • onsemi is not affiliated or associated in any way with TRC Capital Investment, its mini-tender offer or its offer documentation.
  • onsemi recommends that stockholders who have not responded to TRC Capital Investment’s offer take no action.
  • Stockholders who have already tendered their shares may withdraw them at any time prior to the expiration of the offer, in accordance with TRC Capital Investment’s offer documentation.

SIXT Announces New Car Rental Branch at Kona International Airport

Retrieved on: 
Tuesday, April 2, 2024

SIXT USA – a subsidiary of Sixt SE – a global leader in premium mobility services, announces the opening of its newest U.S. car rental branch at Kona International Airport (KOA).

Key Points: 
  • SIXT USA – a subsidiary of Sixt SE – a global leader in premium mobility services, announces the opening of its newest U.S. car rental branch at Kona International Airport (KOA).
  • Car rental reservations can be made now at SIXT.com or via the SIXT app .
  • SIXT will continue to expand in the U.S. and Canada with the opening of additional locations this year.
  • In just a little over a decade, the United States has become the most important growth market for SIXT.

TPG Agrees to Acquire Classic Collision

Retrieved on: 
Wednesday, April 3, 2024

TPG (NASDAQ: TPG), a global alternative asset management firm, announced today that it has signed a definitive agreement to acquire Classic Collision, a leading, national collision repair multi-site operator.

Key Points: 
  • TPG (NASDAQ: TPG), a global alternative asset management firm, announced today that it has signed a definitive agreement to acquire Classic Collision, a leading, national collision repair multi-site operator.
  • TPG Capital, the U.S. and European private equity platform of TPG, will acquire the business from New Mountain Capital.
  • “Today’s announcement is an exciting milestone for Classic Collision and a great testament to the strength of our team and our collective commitment to providing the highest quality service with integrity,” said Toan Nguyen, CEO of Classic Collision.
  • With longstanding industry relationships and numerous manufacturer certifications, Classic Collision is broadly recognized as a trusted partner in comprehensive collision repair.

Global and China Intelligent Vehicle Cockpit-driving Integration (Parking) Industry Report 2024: Chip Vendors Make a Quick Response to the Urgent Need for Cost Reduction and Efficiency Improvement - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 2, 2024

The "Intelligent Vehicle Cockpit-driving Integration (Cockpit-driving-parking) Industry Report, 2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Intelligent Vehicle Cockpit-driving Integration (Cockpit-driving-parking) Industry Report, 2024" report has been added to ResearchAndMarkets.com's offering.
  • The trend for internal and external integration of domain controllers, especially the integration of two core domains, intelligent driving domain and cockpit domain, becomes clearer.
  • Against this background, three main integration forms come out: driving-parking integration, cockpit-parking integration and cockpit-driving integration.
  • Driving-parking integration: Since wide adoption in 2023, driving-parking integration solutions have been mounted on nearly 70 vehicle models of more than 30 manufacturers.