VW

Edison issues initiation on ADS-TEC Energy (ADSE): Serving the energy transition

Retrieved on: 
Wednesday, April 10, 2024

ADS-TEC Energy operates in an emerging market serving the changing grid and power management requirements of an electrifying world.

Key Points: 
  • ADS-TEC Energy operates in an emerging market serving the changing grid and power management requirements of an electrifying world.
  • Its key market at present is for battery-buffered ultra-fast charging systems for electric vehicles (EVs).
  • Hence, ADS-TEC offers a de-risking investment into the electrification of the energy system, including the growth of EVs through the associated charging infrastructure.
  • ADS-TEC Energy’s key peers are part of larger international groups (eg Elli is owned by VW) limiting any meaningful comparative valuation.

VCI Global Announces Plans to Accelerate Revenue Growth and Advance AI Innovations

Retrieved on: 
Wednesday, March 13, 2024

These New York and London offices will be led by the recently appointed Group Executive Director, Marco Baccanello.

Key Points: 
  • These New York and London offices will be led by the recently appointed Group Executive Director, Marco Baccanello.
  • He is an accomplished Corporate Finance and Private Equity executive, specializing in advising fast growing technology companies on financing, growth strategies and merger and acquisitions.
  • The management is confident that these expansion plans will fuel accelerated revenue growth as the business continues to expand.
  • VCI Global’s AI R&D Center aims to nurture potential unicorn businesses, enhancing its future value proposition.

IDTechEx Release New Global Thermal Management for EV Power Electronics Market Report

Retrieved on: 
Thursday, April 4, 2024

BOSTON, April 4, 2024 /PRNewswire/ -- IDTechEx Research, a trusted provider of independent market intelligence, announces the availability of a new report, " Thermal Management for EV Power Electronics 2024-2034: Forecasts, Technologies, Markets, and Trends ".

Key Points: 
  • BOSTON, April 4, 2024 /PRNewswire/ -- IDTechEx Research, a trusted provider of independent market intelligence, announces the availability of a new report, " Thermal Management for EV Power Electronics 2024-2034: Forecasts, Technologies, Markets, and Trends ".
  • The report forecasts that the combined market size of die-attach materials, substrate-attach materials, and TIM2 for EV power electronics will reach approximately US$900 million by 2034, presenting significant market opportunities.
  • As thermal power continues to rise, it is expected that more advanced thermal management strategies will be adopted, thereby accelerating market growth at a double-digit Compound Annual Growth Rate (CAGR) from 2024 to 2034.
  • Thermal Management for EV Power Electronics 2024-2034: Forecasts, Technologies, Markets, and Trends " provides critical market intelligence about the area, volume, weight, and market value of die-attached solders, substrates, and TIM2s for electric vehicle power electronics, in particular, Si IGBT, SiC MOSFET, and GaN.

IDTechEx Release New Global Thermal Management for EV Power Electronics Market Report

Retrieved on: 
Thursday, April 4, 2024

BOSTON, April 4, 2024 /PRNewswire/ -- IDTechEx Research, a trusted provider of independent market intelligence, announces the availability of a new report, " Thermal Management for EV Power Electronics 2024-2034: Forecasts, Technologies, Markets, and Trends ".

Key Points: 
  • BOSTON, April 4, 2024 /PRNewswire/ -- IDTechEx Research, a trusted provider of independent market intelligence, announces the availability of a new report, " Thermal Management for EV Power Electronics 2024-2034: Forecasts, Technologies, Markets, and Trends ".
  • The report forecasts that the combined market size of die-attach materials, substrate-attach materials, and TIM2 for EV power electronics will reach approximately US$900 million by 2034, presenting significant market opportunities.
  • As thermal power continues to rise, it is expected that more advanced thermal management strategies will be adopted, thereby accelerating market growth at a double-digit Compound Annual Growth Rate (CAGR) from 2024 to 2034.
  • Thermal Management for EV Power Electronics 2024-2034: Forecasts, Technologies, Markets, and Trends " provides critical market intelligence about the area, volume, weight, and market value of die-attached solders, substrates, and TIM2s for electric vehicle power electronics, in particular, Si IGBT, SiC MOSFET, and GaN.

Setting the Standard: Opus IVS Delivers Unprecedented Diagnostic Support with Giotto Release 22.1

Retrieved on: 
Thursday, March 28, 2024

DEXTER, Mich., March 28, 2024 /PRNewswire/ -- Opus IVS™, the global leader in diagnostics, ADAS calibration, programming, and on-demand remote expert support; today proudly announces the launch of Giotto software's latest iteration - release 22.1, has been seamlessly integrated into the DriveSafe and DrivePro products.

Key Points: 
  • Furthermore, Opus IVS introduces enhanced EV coverage for GM trucks and Hyundai while adding DoIP support across the vehicle coverage.
  • Opus IVS continues to lead the way in innovation, empowering repair technicians with state-of-the-art technology that drives the industry forward.
  • Discover the importance of the Giotto release 22.1 today and unlock a world of possibilities for safe, complex vehicle repair.
  • Opus IVS offers remote technical support connecting shops with 100+ brand-specific Dealer Master Technicians for trouble code interpretation, OEM service procedures, and diagnostics.

DRÄXLMAIER Selects Ivalua to Digitally Transform Direct and Indirect Procurement Processes

Retrieved on: 
Tuesday, March 19, 2024

After careful consideration, DRÄXLMAIER selected Ivalua's platform including Supplier Risk & Performance Management, Sourcing, Contract Lifecycle Management and eProcurement to streamline its direct and indirect Spend.

Key Points: 
  • After careful consideration, DRÄXLMAIER selected Ivalua's platform including Supplier Risk & Performance Management, Sourcing, Contract Lifecycle Management and eProcurement to streamline its direct and indirect Spend.
  • "Ivalua's unified Spend Management platform allows us to digitize all key procurement processes for indirect and direct spend, including those unique to our company and the automotive industry," said Robert Suvak, Head of Global Procurement at DRÄXLMAIER.
  • Ivalua's ability to support all spend types, including direct, indirect and assets & tooling makes it an excellent fit for the industry.
  • "We look forward to empowering DRÄXLMAIER to digitize its direct and indirect procurement processes to continue to drive innovation," said Jan-Hendrik Sohn, Vice President DACH & CEE at Ivalua.

US FARATHANE ANNOUNCES APPOINTMENT OF DAVE WISKEL AS PRESIDENT AND CHIEF EXECUTIVE OFFICER

Retrieved on: 
Friday, March 1, 2024

AUBURN HILLS, Mich., March 1, 2024 /PRNewswire/ -- US Farathane, a leading supplier of injection molded, compression molded and extruded products to the global automotive industry, announced the appointment of Dave Wiskel to the position of President and Chief Executive Officer. Wiskel succeeds Andy Greenlee, who has led the company for nearly three decades and grew the business from $20 million in revenue in 1996 to over one billion dollars of revenue today. Greenlee will remain actively involved in US Farathane as Chairman of the Board.

Key Points: 
  • AUBURN HILLS, Mich., March 1, 2024 /PRNewswire/ -- US Farathane, a leading supplier of injection molded, compression molded and extruded products to the global automotive industry, announced the appointment of Dave Wiskel to the position of President and Chief Executive Officer.
  • Before joining US Farathane, Wiskel served as Chief Executive Officer of global automotive manufacturer Plasman for more than 18 years.
  • He led the company's innovative product diversification and multiple strategic acquisitions, vastly expanding its operations across the globe.
  • Henderson spent 26 years with General Motors in several executive management roles, including President and Chief Executive Officer, President and Chief Operating Officer, and Vice Chairman and Chief Financial Officer, and currently sits on several boards including those of Adient, PLC, Marriott International, Inc. and the Alfred P. Sloan Foundation.

Brookfield Customers Can Get 15% Off + 15% Rebate on Genuine Volkswagen Accessories at Hall Volkswagen

Retrieved on: 
Monday, February 26, 2024

BROOKFIELD, Wis., Feb. 26, 2024 /PRNewswire-PRWeb/ -- Brookfield residents looking to upgrade their Volkswagen vehicles with genuine accessories are in for a treat. This winter, drivers can elevate their Volkswagen experience with a special 15% discount on select VW accessories available exclusively at Hall Volkswagen.

Key Points: 
  • BROOKFIELD, Wis., Feb. 26, 2024 /PRNewswire-PRWeb/ -- Brookfield residents looking to upgrade their Volkswagen vehicles with genuine accessories are in for a treat.
  • This winter, drivers can elevate their Volkswagen experience with a special 15% discount on select VW accessories available exclusively at Hall Volkswagen .
  • Not all accessories may be available for all Volkswagen models, so customers are encouraged to inquire with Hall Volkswagen for details.
  • In addition to the 15% discount offered by Hall Volkswagen, customers can also receive a 15% rebate by mail directly from Volkswagen.

Haig Partners Serves as the Exclusive Advisor on the Sale of Apple Automotive Group to Ciocca Automotive

Retrieved on: 
Thursday, February 15, 2024

Haig Partners LLC , the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor to The Stewart Companies in the sale of its York, PA-based Apple Automotive Group to Ciocca Automotive.

Key Points: 
  • Haig Partners LLC , the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor to The Stewart Companies in the sale of its York, PA-based Apple Automotive Group to Ciocca Automotive.
  • It is believed that Apple Automotive Group, with its ten franchised dealerships, two used auto dealerships and six collision centers, is the most valuable dealership group sold in Pennsylvania.
  • Apple Automotive Group employs approximately 700 people and is one of the largest automotive groups in PA.
  • Gregg Ciocca, CEO of Ciocca Automotive, shared, “It’s exciting for us to welcome the talented associates from Apple Automotive Group.

Kelley Blue Book Reports New-Vehicle Transaction Prices Continue to Tumble, Down 3.5% Year Over Year in January

Retrieved on: 
Tuesday, February 13, 2024

Transaction prices were down 3.5% year over year in January and lower 2.6% month over month; price declines in January accelerated compared to December.

Key Points: 
  • Transaction prices were down 3.5% year over year in January and lower 2.6% month over month; price declines in January accelerated compared to December.
  • ATLANTA, Feb. 13, 2024 /PRNewswire/ -- The U.S. new-vehicle market sales pace slowed in January 2024, despite lower prices and higher incentives.
  • Prices have been trending downward for roughly six months now as automakers are sweetening deals to keep the sales flowing."
  • Cox Automotive and Kelley Blue Book revised the EV transaction price data in January to more accurately capture the expanding electric vehicle market.