Performance & Special Interest

Damon Motors HyperSport Wins 2021 GOOD DESIGN Award

Retrieved on: 
Wednesday, December 22, 2021
Automotive, Technology, Other Transport, Other Energy, Transport, Other Technology, General Automotive, Performance & Special Interest, Alternative Vehicles, Fuels, Motorcycles, Energy, Canada Fitness Award Program, Program, Las Vegas Convention Center, Technology, Hyperdrive, Love, Hypersport, Human, CEO, Founder CEO, GOOD, Perception, CES, Motion, Chicago Athenaeum, Transport, Engine, Damon, Awareness, Safety

Damon Motors today announced it has won a 2021 GOOD DESIGN Award, which honors the most innovative and cutting-edge industrial, product, and graphic designs produced around the world.

Key Points: 
  • Damon Motors today announced it has won a 2021 GOOD DESIGN Award, which honors the most innovative and cutting-edge industrial, product, and graphic designs produced around the world.
  • Founded in Chicago in 1950, GOOD DESIGN is the oldest and the most prestigious Awards Program organized worldwide.
  • For us, design has more to do with next level functionality than anything else, said Jay Giraud, founder & CEO, Damon Motors.
  • GOOD DESIGN honors the best industrial and graphic designers and world manufacturers for their pursuit of extraordinary design excellence.

Polaris Announces Expansion of Unsecured Term Loan Under Existing Credit Facility to Further Support Capital Allocation Strategy

Retrieved on: 
Tuesday, December 21, 2021
Motor Sports, Aftermarket, Sports, Automotive, Automotive Manufacturing, Manufacturing, Performance & Special Interest, Off-Road Trucks & SUVs, Motorcycles, Polaris Inc., NYSE, U.S. Bancorp, Polaris, Indian Motocycle Manufacturing Company, RZR, Share repurchase, Motorcycle, Inc., PII, Sportsman, Bennington, Vermont, Security (finance), Bank

Polaris Inc. (NYSE: PII) today announced that it has entered into an incremental $500 million 364-day unsecured term-loan facility, further enhancing the Companys strong liquidity position.

Key Points: 
  • Polaris Inc. (NYSE: PII) today announced that it has entered into an incremental $500 million 364-day unsecured term-loan facility, further enhancing the Companys strong liquidity position.
  • We remain committed to prudently managing the Companys financial resources for the long-term by expanding our credit facility and taking advantage of the historically low interest rates and favorable margins for credit advances.
  • Our disciplined capital allocation strategy has driven significant value creation for our investors long-term, and we appreciate the support of our long-standing banking partners in this endeavor, said Bob Mack, Polaris Executive Vice President and Chief Financial Officer.
  • Polaris enhances the riding experience with parts, garments, and accessories, along with a growing aftermarket portfolio, including Transamerican Auto Parts.

Sonic Automotive Continues EchoPark Expansion with Opening of Newest Location in Huntsville, Alabama

Retrieved on: 
Tuesday, December 21, 2021
Automotive Manufacturing, Aftermarket, Automotive, Manufacturing, Other Automotive, General Automotive, Tires & Rubber, Performance & Special Interest, Alternative Vehicles, Fuels, Off-Road Trucks & SUVs, Fleet Management, World of McIntosh Experience Center, Sonic Automotive, Fortune 500, Technology, CEO, Security (finance), Subaru of Indiana Automotive, Inc., U.S. Securities and Exchange Commission, Risk, COVID-19, SAH, Industry, University Drive, Center, Company, Echopark Guitars, SEC, Population, Carfax, Growth, NYSE, Online shopping

The Huntsville Delivery Center is EchoParks second location in Alabama, and a strong complement to its existing retail sales center in Birmingham.

Key Points: 
  • The Huntsville Delivery Center is EchoParks second location in Alabama, and a strong complement to its existing retail sales center in Birmingham.
  • With the opening of our new Huntsville location, we are thrilled to bring a delivery center option to our guests in Alabama and continue to grow our presence in the state, said David Smith, CEO of Sonic Automotive and EchoPark Automotive.
  • From the EchoPark website, guests can complete a purchase online and schedule a convenient time for pickup at an EchoPark delivery center or retail sales center.
  • Following its 2014 launch, EchoPark Automotive has rapidly become one of the pre-owned automotive retail industrys most prominent success stories.

Faction Announces Funding from TDK Ventures

Retrieved on: 
Monday, December 20, 2021
Hardware, Alternative Vehicles, Fuels, Automotive, Other Transport, Technology, Logistics, Supply Chain Management, Performance & Special Interest, Transport, Pressure, Solution, Investment, Electronics, Technology, InvenSense, Science, TDK, USD, Temperature, MEMS, Robotics, Transport, Engineering, Efficiency, Multimedia, Magnetism, Health, Carbon, Judgement, Silicon, Rail transport, Cassette tape, Faction, Faction, TDK Corporation, TDK Ventures, FACTION, TDK CORPORATION, TDK VENTURES

Faction Technology, Inc. - Faction today announced an investment from TDK Ventures, Inc., a subsidiary of TDK Corporation (TSE:6762).

Key Points: 
  • Faction Technology, Inc. - Faction today announced an investment from TDK Ventures, Inc., a subsidiary of TDK Corporation (TSE:6762).
  • TDK Ventures investment follows a $4.3M seed round led by Trucks Venture Capital and Fifty Years after Faction participated in Y Combinators Winter 2021 startup batch.
  • TDK Ventures is excited to support and collaborate with Faction to accelerate the future of transportation."
  • TDK Ventures will co-invest and support promising portfolio companies by providing technical expertise and access to global markets where TDK operates.

Wejo Unleashes the Smart City Business Potential by Delivering Livestream of Value-Add Parking Data Across Europe in Partnership With Leading German Auto Manufacturer

Retrieved on: 
Friday, December 17, 2021
Data Management, Automotive, Technology, Other Automotive, Other Technology, Performance & Special Interest, City, Intelligence, Infrastructure, Microsoft mobile services, Work, Travel, Partnership, Mercedes-Benz, Privacy, Gesellschaft mit beschränkter Haftung, Mobile phone, EU

The strengthened partnership brings first-to-market livestream access to parking event data into Wejos data environment to help any Smart City, Mobility Services Provider or Infrastructure Operator identify parking opportunities and cities.

Key Points: 
  • The strengthened partnership brings first-to-market livestream access to parking event data into Wejos data environment to help any Smart City, Mobility Services Provider or Infrastructure Operator identify parking opportunities and cities.
  • Mercedes-Benz Connectivity Services GmbH and Wejo have agreed to expand the partnership to new use cases in order to move the realization of a truly Smart City one step closer.
  • This next chapter in Wejos #DataForGood strategy, is helped by an expansion of a partnership between Mercedes-Benz Connectivity Services GmbH and Wejo established in 2019.
  • The live flow of anonymized vehicle data will stream approximately 10-14 million unique parking events daily from Mercedes-Benz vehicles in the EU.

Velodyne Lidar Provides Perception Technology for ROBORACE Autonomous Racing Series

Retrieved on: 
Friday, December 17, 2021
Technology, Alternative Vehicles, Fuels, Motor Sports, Sports, Automotive, Audio, Video, Software, Hardware, Performance & Special Interest, Technology, Velodyne Lidar, Conversation, Intellectual property, City, Result, Regulation, Financial condition report, Growth, Private Securities Litigation Reform Act, Industry, Nasdaq, COVID-19, Adoption, Perception, MLA, SEC, ADAS, Annual report, Form 10-K, Robotics, Form 10-Q, Engineering, Season, Guinness World Records, Multimedia, Architecture, Analysis, UAV, Guinness, Instrumentation, Risk management, Metaverse, Velodyne, ROBORACE, Velodyne Lidar, ROBORACE, VELODYNE LIDAR

Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced ROBORACE , the worlds first autonomous car racing series, has selected Velodyne as the official lidar sensor provider in its next generation vehicles.

Key Points: 
  • Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced ROBORACE , the worlds first autonomous car racing series, has selected Velodyne as the official lidar sensor provider in its next generation vehicles.
  • View the full release here: https://www.businesswire.com/news/home/20211217005075/en/
    ROBORACE, the worlds first autonomous car racing series, has selected Velodyne Lidar as the official lidar sensor provider in its next generation race cars.
  • ROBORACE provides the platform, organization and support while racing teams are responsible for their own code and strategy.
  • Velodyne Lidar (Nasdaq: VLDR, VLDRW) ushered in a new era of autonomous technology with the invention of real-time surround view lidar sensors.

Germany Mobile Crane Market Strategic Assessment & Forecast Report 2021-2027 Featuring XCMG, SANY, Zoomlion, Manitex, Tadano, Manitowoc Cranes, Kobelco, Konecranes, Liebherr, & Terex - ResearchAndMarkets.com

Retrieved on: 
Thursday, December 16, 2021
Performance & Special Interest, Mining, Minerals, Alternative Vehicles, Fuels, Residential Building & Real Estate, Automotive, Commercial Building & Real Estate, Natural Resources, Construction & Property, Urban Planning, Automotive Manufacturing, Other Automotive, Manufacturing, CAGR, Growth, Lifting, Solution, Mining, Government, USD, Tadano Limited, FDI, Construction, Heavy equipment

The "Germany Mobile Crane Market - Strategic Assessment & Forecast 2021-2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Germany Mobile Crane Market - Strategic Assessment & Forecast 2021-2027" report has been added to ResearchAndMarkets.com's offering.
  • This will support the growth of construction equipment including the mobile crane market in the country.
  • Increasing demand for the installation of solar heating systems in Germany would pump up mobile crane sales.
  • All the vendors in Germany are getting benefitted by the government initiatives that will fuel the mobile crane market.

Indy Autonomous Challenge Prepares to Make History at CES 2022, Hosting Autonomous Racecar Competition and Announcing Luminar as Premier Sponsor

Retrieved on: 
Thursday, December 16, 2021
Software, General Sports, Sports, Hardware, Automotive, Technology, Motor Sports, Performance & Special Interest, IAC, CES, History, VisLab Intercontinental Autonomous Challenge, Indiana Economic Development Corporation, IMS, LVMS, Association, Las Vegas Motor Speedway, Industrial and Commercial Panel, DARPA Grand Challenge, University of Alabama, NASDAQ, Technology Innovation Institute, ADAS, Science, technology, engineering, and mathematics, Cisco Systems, Safety, Transport, CEO, STEM, University, Autonomy, ESN, PST, Dallara, AM, Student, Consumer Technology Association, Interview, TII, Video game, Nightclub, Consumer electronics, Technology, Science, Engineering

Making history as the first high-speed, head-to-head autonomous racecar competition, 19 universities from 8 countries will form 9 race teams seeking to compete in the Autonomous Challenge @ CES.

Key Points: 
  • Making history as the first high-speed, head-to-head autonomous racecar competition, 19 universities from 8 countries will form 9 race teams seeking to compete in the Autonomous Challenge @ CES.
  • Luminar (NASDAQ: LAZR), the global leader in automotive lidar hardware and software technology and longtime IAC sponsor, will serve as a premier sponsor and prominent automotive technology partner of the Autonomous Challenge @ CES.
  • The IAC made history on October 23, 2021, when it held the Indy Autonomous Challenge Powered by Cisco, the first high-speed autonomous racecar competition at the Indianapolis Motor Speedwa y (IMS).
  • Autonomous Challenge @ CES, Las Vegas Motor Speedway (LVMS), January 7, 2022 (Only CES 2022 credentialed attendees, exhibitors and media will be permitted to attend)
    The Autonomous Challenge @ CES event is scheduled to begin at 12 p.m. PST, with live commentary.

Continental Demonstrates the Future of Mobility at CES® 2022

Retrieved on: 
Thursday, December 16, 2021
Technology, Automotive, General Automotive, Other Transport, Transport, Automotive Manufacturing, Other Technology, Manufacturing, Software, Networks, Internet, Environment, Mobile, Wireless, Hardware, Performance & Special Interest, Data Management, Consumer Electronics, Zero, Social responsibility, Technology, Solution, CES, Growth, Vision Zero, Industry, Renaissance Hotels, Transmission control unit, Crash, Data management, Computer-integrated manufacturing, MEMS, Safety, Transport, Travel, Microelectromechanical systems, Lidar, Inorganic polymer, Engineering, Collection, Continental, Software, Multimedia, Twitter, HPC, Gamer, Architecture, Video game console, Road

For more than 150 years, Continental has revolutionized the way we move and at CES 2022, the company will offer a glimpse into the future, experiencing hands-on solutions for some of todays mobility concerns.

Key Points: 
  • For more than 150 years, Continental has revolutionized the way we move and at CES 2022, the company will offer a glimpse into the future, experiencing hands-on solutions for some of todays mobility concerns.
  • Continental will be showcasing a collection of innovative products and services at CES 2022 on January 5 - 8 in Las Vegas.
  • Also, on display, Continental will demonstrate how software and powerful IT infrastructure based on the Continental Automotive Edge Framework enable new functions and are transforming mobility.
  • Follow Continental CES 2022 highlights on Twitter: #ContinentalCES
    Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods.

Auto Dealership Buy/Sell Market on Track for Another Record Year

Retrieved on: 
Thursday, December 16, 2021
Retail, Automotive Manufacturing, Manufacturing, Finance, Marketing, Consulting, Advertising, Communications, Other Automotive, Professional Services, Performance & Special Interest, Off-Road Trucks & SUVs, Other Retail, General Automotive, Specialty, Automotive, Ford Motor Company, Wall Street, Lithia, Uncertainty, Hyundai, Subaru, Buick, OEM, Growth, Industry, Multi, Acquisition, GMC, Blue Sky, Asbury, Kerrigan, Mergers and acquisitions, Chevrolet, CDJR, Kia, Partnership, Record, Lexus, Lead, Mercedes-Benz, Financial services, Video game, Real estate, Car dealership, Motor vehicle, Communications satellite, Porsche, Nissan

The auto dealership buy/sell market is on track for another record year as it continued its momentous pace in the third quarter according to the just-released Third Quarter 2021 Blue Sky Report by Kerrigan Advisors, the industry authority on dealership valuation and buy/sell trends.

Key Points: 
  • The auto dealership buy/sell market is on track for another record year as it continued its momentous pace in the third quarter according to the just-released Third Quarter 2021 Blue Sky Report by Kerrigan Advisors, the industry authority on dealership valuation and buy/sell trends.
  • Among the franchises being acquired, import non-luxury franchises continue to see increased market share relative to 2020, with 38% of the buy/sell market.
  • Public auto retailer spending on acquisitions was a record $2.7 billion in the first three quarters of 2021, surpassing 2020s full year record.
  • The Kerrigan Auto Retail Index is designed to track dealership valuation trends, while also providing key insights into factors influencing auto retail.