Performance & Special Interest

New Orleans RTA Selects Allison eGen Flex®-Equipped New Flyer Electric Hybrid Buses

Retrieved on:

Wednesday, March 20, 2024

EV, Electric Vehicles, Aftermarket, Automotive, Other Transport, Public Transport, Performance & Special Interest, Vehicle Technology, Transport, Flex, Allison Transmission, Noise, Original equipment manufacturer, Partnership, Air conditioning, Carbon, RTA, North Ronaldsay sheep, Transmission

Allison Transmission, in partnership with New Flyer, a leading bus manufacturer in North America, is proud to announce the selection of Allison-equipped electric hybrid buses by the New Orleans Regional Transit Authority (RTA).

Key Points:

Allison Transmission, in partnership with New Flyer, a leading bus manufacturer in North America, is proud to announce the selection of Allison-equipped electric hybrid buses by the New Orleans Regional Transit Authority (RTA).
The New Flyer buses equipped with the Allison eGen Flex® electric hybrid propulsion system will provide a more sustainable transportation solution to the city of New Orleans.
View the full release here: https://www.businesswire.com/news/home/20240320302331/en/
In support of the city's emergency preparedness plans, the New Orleans Regional Transit Authority (RTA) selected Allison's eGen Flex® electric hybrid propulsion system, in part, for its dependable rechargeable energy storage capabilities.
In addition, the electric hybrid solution allows buses to operate accessories, such as air conditioning and heat, at optimal efficiency with clean and quiet electric power.

All-new 2025 INFINITI QX80 reimagines the luxury SUV

Retrieved on:

Wednesday, March 20, 2024

The all-new 2025 INFINITI QX80 is the first model to showcase the latest evolution of INFINITI design, building on long-standing expertise in craftsmanship and detailing.

Key Points:

The all-new 2025 INFINITI QX80 is the first model to showcase the latest evolution of INFINITI design, building on long-standing expertise in craftsmanship and detailing.
The 2025 INFINITI QX80 is the first vehicle in the full-size luxury SUV segment with Klipsch® premium audio systems, reflecting the priority luxury clients place on highly accurate, lifelike sound for entertainment.
Luggage space has increased in the all-new 2025 INFINITI QX80, making it even simpler to bring along all of life’s needs.
As the flagship SUV in the INFINITI range, the 2025 QX80 delivers confident, capable performance balanced with refinement.

Holley Announces Shift to Holley Performance Brands to Accelerate Growth

Retrieved on:

Wednesday, March 20, 2024

Trucking, Aftermarket, Automotive, General Automotive, Engineering, Transport, Automotive Manufacturing, Manufacturing, Performance & Special Interest, Off-Road Trucks & SUVs, Growth, Inc., Safety, News, Holley Performance Products, Multimedia, Marketing, Retail

Holley Inc. (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced the strategic evolution of its operations branding from Holley Performance Products to Holley Performance Brands .

Key Points:

Holley Inc. (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced the strategic evolution of its operations branding from Holley Performance Products to Holley Performance Brands .
As Holley Performance Brands, the company is emphasizing a broadened mission that respects its storied legacy while aiming to accelerate future growth and innovation.
"The rebranding to Holley Performance Brands marks a significant milestone in our journey," said Matthew Stevenson, President and Chief Executive Officer, Holley.
This change propels us into an exciting new era of automotive performance and reflects that Holley Performance Brands is not just about parts but part of something more powerful.”
The Holley Performance Brands portfolio harnesses the collective strength of its iconic brands to create a cohesive and dynamic customer experience designed to deliver unparalleled enjoyment, performance, and safety.

Agero's Crash Response Volume Doubled in 2023, as More Top Insurers Embrace Telematics-Driven Crash Detection

Retrieved on:

Wednesday, March 20, 2024

With two additional Top 10 carriers launching programs last year, Agero’s Crash Response dispatch volume doubled.

Key Points:

With two additional Top 10 carriers launching programs last year, Agero’s Crash Response dispatch volume doubled.
Now with increased Crash Response deployments, we’re excited to do even more for our clients’ customers in their time of need.”
Through partnerships with leading telematics technology providers, Agero’s Crash Response team is immediately notified once a crash is detected and validated.
Without Crash Response, it takes the typical policyholder eight days to report an accident to their insurer, per a P&C insurance industry study .
Thank you, I'm happy to see another day on this earth.”
To learn more about Agero’s Crash Response technology, check out this PDF document from Agero or this short video providing a Crash Response overview.

KS Pulverizadores Unveils First Brazilian Agriculture Sprayer Equipped with Allison Fully Automatic Transmission

Retrieved on:

Tuesday, March 19, 2024

Agriculture, Natural Resources, Other Manufacturing, Automotive, Machinery, Automotive Manufacturing, Performance & Special Interest, Manufacturing, AG, Allison Transmission, Growth, Partnership, Multimedia, Soil

Allison Transmission is pleased to announce that the first Allison-equipped agriculture sprayer built in Brazil was recently showcased by KS Pulverizadores, a leading Brazilian agriculture equipment manufacturer, at Show Rural Coopavel, an agriculture industry tradeshow in Cascavel, Brazil.

Key Points:

Allison Transmission is pleased to announce that the first Allison-equipped agriculture sprayer built in Brazil was recently showcased by KS Pulverizadores, a leading Brazilian agriculture equipment manufacturer, at Show Rural Coopavel, an agriculture industry tradeshow in Cascavel, Brazil.
Most sprayers in neighboring Argentina, where Allison entered the sprayer market in 2015, are now equipped with Allison fully automatic transmissions.
(Photo: Business Wire)
“We’re proud to integrate Allison’s proven fully automatic transmission into our agriculture sprayer to provide our customers with a product that is specifically designed to meet the unique challenges of the industry,” said Alexandre Kleinschmitt, Co-Owner of KS Pulverizadores.
“We are proud to announce our collaboration with KS Pulverizadores to bring fully automatic ag sprayers to Brazil,” said Heidi Schutte, Vice President of EMEA, APAC and South America Sales, Allison Transmission.

Mobileye to Wind Down Aftermarket Solutions Unit

Retrieved on:

Monday, March 18, 2024

Mobileye has chosen to wind down its aftermarket solutions unit that provides retrofitted advanced driver assistance technology, after a thorough review of this unit’s business prospects and investment needs.

Key Points:

Mobileye has chosen to wind down its aftermarket solutions unit that provides retrofitted advanced driver assistance technology, after a thorough review of this unit’s business prospects and investment needs.
“This was a very difficult decision,” said Prof. Amnon Shashua, President and CEO of Mobileye.
Mobileye will also continue offering and servicing customers of its General Safety Regulation (GSR) solutions for commercial vehicle manufacturers.
“Mobileye,” the Mobileye logo and Mobileye product names are registered trademarks of Mobileye Global.

Allison Transmission Announces Closing of Amend and Extend of its Revolving Credit Facility and Term Loan Debt

Retrieved on:

Monday, March 18, 2024

Allison Transmission Holdings Inc. (NYSE: ALSN) (“Allison” or the “Company”) announced today that, on March 13, 2024, its wholly owned subsidiary, Allison Transmission, Inc. (the “Borrower”), entered into a fourth amendment to its credit agreement (the “Amendment”).

Key Points:

Allison Transmission Holdings Inc. (NYSE: ALSN) (“Allison” or the “Company”) announced today that, on March 13, 2024, its wholly owned subsidiary, Allison Transmission, Inc. (the “Borrower”), entered into a fourth amendment to its credit agreement (the “Amendment”).
Pursuant to the Amendment, the Borrower increased its commitments under its revolving credit facility from $650 million to an aggregate principal amount of $750 million, extended the maturity date thereof from 2025 to March 13, 2029, and removed a 0.10% credit spread adjustment to the SOFR benchmark for all available interest periods.
Also pursuant to the Amendment, the Borrower refinanced $518 million of term loan debt, paid down approximately $100 million of existing term loan debt, extended the maturity date thereof from 2026 to March 13, 2031, and removed a 0.10% credit spread adjustment to the SOFR benchmark for all available interest periods, while maintaining the SOFR plus 175 interest rate.
“As a result of this offering, we were able to increase the capacity under our revolving credit facility and reduce the effective interest rate on our term loan debt, while extending out maturities so that our earliest maturity on our long-term debt is now in 2027.”

Mobil 1 Marks 50th Anniversary with Celebratory Racing Liveries Throughout 2024 Motorsports Season

Retrieved on:

Friday, March 15, 2024

To celebrate the 50th anniversary of Mobil 1™ motor oil, this year the brand will showcase more than 40 iconic, specially-designed liveries and paint schemes on the track throughout the 2024 motorsports season.

Key Points:

To celebrate the 50th anniversary of Mobil 1™ motor oil, this year the brand will showcase more than 40 iconic, specially-designed liveries and paint schemes on the track throughout the 2024 motorsports season.
Mobil 1 motor oils have long been the choice for preeminent race teams competing in the most demanding and popular motorsports series around the globe.
“These liveries exemplify our collaborations in lubricant innovation in the world of motorsports.
For coverage of Mobil 1 Twelve Hours of Sebring Presented by Cadillac as well as upcoming gold liveries and paint schemes, visit @mobil1racing on Instagram and X all year-long.

Thrilling T-spec Takumi, Skyline Editions Join 2024 Nissan GT-R Lineup

Retrieved on:

Friday, March 15, 2024

Vehicle Technology, Automotive, Other Automotive, Automotive Manufacturing, General Automotive, Manufacturing, Performance & Special Interest, Midnight, Gold, NISMO, V6, GT-R, Multimedia, Electronic stability control, Automotive industry

Building on the changes already announced for the 2024 GT-R , the T-spec Takumi Edition and Skyline Edition pay homage to the performance vehicle that has been an iconic nameplate of the Nissan lineup for decades.

Key Points:

Building on the changes already announced for the 2024 GT-R , the T-spec Takumi Edition and Skyline Edition pay homage to the performance vehicle that has been an iconic nameplate of the Nissan lineup for decades.
View the full release here: https://www.businesswire.com/news/home/20240315343006/en/
The latest chapter for the legendary Nissan GT-R takes shape with the introduction of two new, limited-production special editions to close out the 2024 model year.
Building on the changes already announced for the 2024 GT-R, the T-spec Takumi Edition and Skyline Edition pay homage to the performance vehicle that has been an iconic nameplate of the Nissan lineup for decades.
Details and pricing on the 2024 Nissan GT-R T-spec Takumi Edition and Skyline Edition will be announced at a later date.

RumbleOn Shares Details of Company's Vision 2026 Strategic Plan

Retrieved on:

Thursday, March 14, 2024

Fleet Management, Automotive, Other Transport, Other Automotive, Recreational Vehicles, General Automotive, Performance & Special Interest, Transport, Brick, Calendar, OEM, Growth, Environment, Customer satisfaction, Management

RumbleOn (NASDAQ: RMBL), today unveiled its new three-year operating plan, Vision 2026, aimed to deliver annual revenue exceeding $1.7 billion, annual adjusted EBITDA of greater than $150 million and annual adjusted free cash flow of $90 million or more by calendar year 2026.

Key Points:

RumbleOn (NASDAQ: RMBL), today unveiled its new three-year operating plan, Vision 2026, aimed to deliver annual revenue exceeding $1.7 billion, annual adjusted EBITDA of greater than $150 million and annual adjusted free cash flow of $90 million or more by calendar year 2026.
The three strategic pillars of Vision 2026 are:
Operate the best performing dealerships in America.
That's why the second pillar of Vision 2026 is to grow our pre-owned business by leveraging this unique and impactful resource.
RumbleOn CEO Mike Kennedy, who took the reins of the company in November 2023, used his first year-end earnings announcement to roll out the Vision 2026 plan in detail to analysts and employees today.