Other Automotive

Uber Unveils Grocery Delivery

Tuesday, July 7, 2020 - 1:00pm

Uber Technologies, Inc. (NYSE: UBER) today announced that users in select Latin American and Canadian cities can now order groceries through the Uber and Uber Eats apps, in partnership with Cornershop, the popular grocery delivery startup based in Santiago, Chile.

Key Points: 
  • Uber Technologies, Inc. (NYSE: UBER) today announced that users in select Latin American and Canadian cities can now order groceries through the Uber and Uber Eats apps, in partnership with Cornershop, the popular grocery delivery startup based in Santiago, Chile.
  • Todays product integration marks an important step in our partnership with the team at Cornershop to bring grocery delivery to millions of consumers on the Uber platform, said Raj Beri, Ubers Global Head of Grocery.
  • With this new integration, grocery orders placed on Uber and Uber Eats will be facilitated and delivered by Cornershop team members.
  • Todays product launch comes after grocery delivery experiments with more than 9,500 merchants in over 30 countries on Uber Eats, where Uber has seen a 176% increase in grocery orders since February.

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.

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.

Global Auto Dimming Mirror Market Study 2020-2027: A $2.1 Billion Opportunity Assessment, Despite Implications of COVID-19 - ResearchAndMarkets.com

Tuesday, July 7, 2020 - 9:26am

The "Auto Dimming Mirror - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Auto Dimming Mirror - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
  • Amid the COVID-19 crisis, the global market for Auto Dimming Mirror estimated at US$1.7 Billion in the year 2020, is projected to reach a revised size of US$2.1 Billion by 2027, growing at a CAGR of 3% over the period 2020-2027.
  • Inside Rear-View Mirror, one of the segments analyzed in the report, is projected to grow at a 2.4% CAGR to reach US$1.4 Billion by the end of the analysis period.
  • This segment currently accounts for a 29.9% share of the global Auto Dimming Mirror market.

COVID-19 Impact & Recovery Analysis- Automotive Projector Headlamps Market 2019-2023 | Popularity of Bi-Xenon and Bi-LED Headlamps to Boost Growth | Technavio

Monday, July 6, 2020 - 11:30pm

Our automotive projector headlamps market report covers the following areas:

Key Points: 
  • Our automotive projector headlamps market report covers the following areas:
    This study identifies the development of laser headlamps as one of the prime reasons driving the automotive projector headlamps market growth during the next few years.
  • Automotive Projector Headlamps Market 2019-2023: Vendor Analysis
    We provide a detailed analysis of vendors operating in the automotive projector headlamps market, including some of the vendors such as Hella GmbH & Co. KGaA, Koito Manufacturing Co. Ltd., OSRAM Licht AG, Stanley Electric Co. Ltd., and Valeo SA.
  • Backed with competitive intelligence and benchmarking, our research reports on the automotive projector headlamps market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
  • Automotive Projector Headlamps 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.

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.

COVID-19 Impact and Recovery Analysis- Electric Vehicle Motor Market 2020-2024 | Increasing Sales Of EVs to Boost Growth | Technavio

Monday, July 6, 2020 - 1:45pm
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20200706005294/en/
    Technavio has announced its latest market research report titled Global Electric Vehicle Motor Market 2020-2024 (Graphic: Business Wire)
    Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19.
  • Market estimates include pre- and post-COVID-19 impact on the Electric Vehicle Motor Market.
  • Increasing sales of EVs has been instrumental in driving the growth of the market.
  • https://www.technavio.com/report/report/electric-vehicle-motor-market-in...
    Electric Vehicle Motor Market 2020-2024: Segmentation
    Electric Vehicle Motor Market is segmented as below:

Global Electric Vehicle Charging Infrastructure Market Outlook (2018 to 2027) - Featuring ABB, Eaton & General Electric Among Others - ResearchAndMarkets.com

Monday, July 6, 2020 - 11:39am

The "Electric Vehicle Charging Infrastructure - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Electric Vehicle Charging Infrastructure - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.
  • The Global Electric Vehicle Charging Infrastructure market accounted for $9.01 billion in 2018 and is expected to reach $96.95 billion by 2027 growing at a CAGR of 30.2% during the forecast period.
  • An electric vehicle network is an infrastructure system where publicly accessible charging stations are being provided to recharge electric vehicles.
  • ECS (electronic charging station), and EVSE (electric vehicle supply equipment), is an element in an infrastructure, which supplies electric energy for the recharging/charging of plug-in electric vehicles, including electric cars, neighborhood electric vehicles, and plug-in hybrids.

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.