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Kerrigan Advisors Represents RRR Automotive Group in Sale to Group 1 Automotive

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Tuesday, February 13, 2024

Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented College Park, Maryland-based RRR Automotive Group in the sale of its five new car dealerships, including the #1 and #2 volume Honda dealerships in the state of Maryland, to Houston, Texas-based Group 1 Automotive (NYSE: GPI).

Key Points:

Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented College Park, Maryland-based RRR Automotive Group in the sale of its five new car dealerships, including the #1 and #2 volume Honda dealerships in the state of Maryland, to Houston, Texas-based Group 1 Automotive (NYSE: GPI).
This transaction underscores Kerrigan Advisors’ industry-leading track record selling the most valuable auto retailers nationwide and marks the 50th franchise sale in the region completed by the firm since 2020.
RRR Automotive Group, founded by Dick Patterson and Robert Hisaoka in the 1990s, is one of the most valuable import groups in the Mid-Atlantic.
RRR Automotive Group has served its community for over 27 years through its guiding principles - Reliable, Responsible and Respectful.

Toyota Motor North America Announces Executive Changes

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Monday, February 12, 2024

Engineering, Toyota, TMMI, TMNA, TMMBC, TMMMS, Growth, Plant, Manufacturing engineering, Toyota Motor North America, TMMTX, TMMC, TABC, TMMGT, Management

PLANO, Texas, Feb. 12, 2024 /PRNewswire/ -- Toyota Motor North America (TMNA) today announced executive changes designed to drive continued growth, advance its commitment to vehicle electrification, and prepare for the future of mobility.

Key Points:

PLANO, Texas, Feb. 12, 2024 /PRNewswire/ -- Toyota Motor North America (TMNA) today announced executive changes designed to drive continued growth, advance its commitment to vehicle electrification, and prepare for the future of mobility.
In this position, he will be responsible for overseeing North American vehicle production at Toyota Motor Manufacturing Baja California (TMMBC), Canada (TMMC), Guanajuato (TMMGT), Indiana (TMMI), Mississippi (TMMMS), and Texas (TMMTX).
Kevin was most recently plant president, TMMTX and group vice president, North American Truck Manufacturing.
In his role as senior vice president, Brian has overseen engineering and manufacturing for Toyota's seven vehicle assembly plants in North America.

BlueSprig Pediatrics Sponsors Armani Williams Ahead of the Daytona ARCA 200

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Monday, February 12, 2024

Toyota, MBM Motorsports, ABA, NASCAR, Toyota Camry, Dream, ARCA 200, ASD, History, Autism spectrum, Applied behavior analysis, Pediatrics, Spectrum

DAYTONA BEACH, Fla., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Blue Sprig Pediatrics, Inc. (BlueSprig) , a leader in Applied Behavior Analysis (ABA) therapy for children diagnosed with Autism Spectrum Disorder (ASD), today announces its sponsorship of Armani Williams in the Daytona ARCA 200, the ARCA Menards Series Race at Daytona International Speedway.

Key Points:

DAYTONA BEACH, Fla., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Blue Sprig Pediatrics, Inc. (BlueSprig) , a leader in Applied Behavior Analysis (ABA) therapy for children diagnosed with Autism Spectrum Disorder (ASD), today announces its sponsorship of Armani Williams in the Daytona ARCA 200, the ARCA Menards Series Race at Daytona International Speedway.
The race, which takes place this weekend, will be Williams’ first time competing at Daytona International Speedway.
Williams will be driving the number 13 BlueSprig Toyota Camry for MBM Motorsports during the 200 mile race.
“Armani is a role model for individuals diagnosed with autism and continues to make history in racing with the announcement of his participation in the Daytona ARCA 200,” Jason Owen, President and CEO of BlueSprig said.

Automotive Fuel Cell Market worth $2.1 billion by 2030 - Exclusive Report by MarketsandMarkets™

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Monday, February 12, 2024

Fuel Cell Hybrid Electric Vehicles (FCHEVs) have emerged as a promising solution in the automotive fuel cell industry , embodying a harmonious integration of fuel cell technology and secondary energy storage systems.

Key Points:

Fuel Cell Hybrid Electric Vehicles (FCHEVs) have emerged as a promising solution in the automotive fuel cell industry , embodying a harmonious integration of fuel cell technology and secondary energy storage systems.
The fuel cell stack, a crucial fuel cell system component, consists of two flow field plates and a Membrane Electrode Assembly (MEA).
The fuel cell stack is considered the fuel cell system's most expensive component due to platinum's inclusion.
In October 2023, a 50kW fuel cell module (FC module) was developed by Toyota Motor, representing a compact fuel cell (FC) system.

Automotive Fuel Cell Market worth $2.1 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Monday, February 12, 2024

Fuel Cell Hybrid Electric Vehicles (FCHEVs) have emerged as a promising solution in the automotive fuel cell industry , embodying a harmonious integration of fuel cell technology and secondary energy storage systems.

Key Points:

Fuel Cell Hybrid Electric Vehicles (FCHEVs) have emerged as a promising solution in the automotive fuel cell industry , embodying a harmonious integration of fuel cell technology and secondary energy storage systems.
The fuel cell stack, a crucial fuel cell system component, consists of two flow field plates and a Membrane Electrode Assembly (MEA).
The fuel cell stack is considered the fuel cell system's most expensive component due to platinum's inclusion.
In October 2023, a 50kW fuel cell module (FC module) was developed by Toyota Motor, representing a compact fuel cell (FC) system.

Class Action Lawsuit Against Toyota Motor Sales Alleges Consumers Were Sold Highly Overpriced Maintenance Packages

Retrieved on:

Friday, February 9, 2024

District court, DMS, Thought, Toyota, Toyota Motor Sales, USA

LOS ANGELES, Feb. 9, 2024 /PRNewswire/ -- Singleton Schreiber filed a class action lawsuit in California federal court alleging Toyota Motor Sales greatly misrepresented the cost savings of maintenance plans to consumers.

Key Points:

LOS ANGELES, Feb. 9, 2024 /PRNewswire/ -- Singleton Schreiber filed a class action lawsuit in California federal court alleging Toyota Motor Sales greatly misrepresented the cost savings of maintenance plans to consumers.
The suit alleges the value of the maintenance plans were inflated and designed by Toyota to cost consumers more than if they had simply paid for repairs and maintenance out of pocket.
Toyota sold the package by telling consumers they would save hundreds of dollars.
They represented the total value of their maintenance package at $1,900 and sold it to consumers for $1025.

IDTechEx Discusses Whether Fuel Cell Vehicles Will Succeed and What It Would Take

Retrieved on:

Friday, February 9, 2024

Hydrogen, Tesla Model 3, Electricity, Toyota Mirai, Bev, Growth, Electronics, Mirai, Iron, Original equipment manufacturer, BEV, Methanol, DRI, Ammonia, Physics, Toyota, FCEV, Renewable energy

Thanks to the very small market now, this results in over 60-fold growth for FCEVs over the next 20 years.

Key Points:

Thanks to the very small market now, this results in over 60-fold growth for FCEVs over the next 20 years.
The big advantage for FCEVs over battery electric vehicles (BEVs) is the increased potential range.
Compared to a BEV drivetrain requires a battery, motor, and power electronics, a FCEV requires a (much smaller) battery, motor, power electronics, fuel cell, and hydrogen storage.
IDTechEx's report, " Fuel Cell Electric Vehicles 2024-2044: Markets, Technologies, and Forecasts ", provides technology and market insights into the adoption of fuel cell electric vehicles for the car, van, truck, and bus market with analysis of drivers, barriers, players, models, and market forecasts for 2024-2044.

IDTechEx Discusses Whether Fuel Cell Vehicles Will Succeed and What It Would Take

Retrieved on:

Friday, February 9, 2024

Hydrogen, Tesla Model 3, Electricity, Toyota Mirai, Bev, Growth, Electronics, Mirai, Iron, Original equipment manufacturer, BEV, Methanol, DRI, Ammonia, Physics, Toyota, FCEV, Renewable energy

Thanks to the very small market now, this results in over 60-fold growth for FCEVs over the next 20 years.

Key Points:

Thanks to the very small market now, this results in over 60-fold growth for FCEVs over the next 20 years.
The big advantage for FCEVs over battery electric vehicles (BEVs) is the increased potential range.
Compared to a BEV drivetrain requires a battery, motor, and power electronics, a FCEV requires a (much smaller) battery, motor, power electronics, fuel cell, and hydrogen storage.
IDTechEx's report, " Fuel Cell Electric Vehicles 2024-2044: Markets, Technologies, and Forecasts ", provides technology and market insights into the adoption of fuel cell electric vehicles for the car, van, truck, and bus market with analysis of drivers, barriers, players, models, and market forecasts for 2024-2044.

AECC and GSMA Intelligence Unveil Research on Edge Computing’s ROI Opportunity

Retrieved on:

Thursday, February 8, 2024

The Automotive Edge Computing Consortium (AECC) today announced the release of groundbreaking edge computing research in collaboration with GSMA Intelligence titled Edge: Coming to a Place Near You .

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The Automotive Edge Computing Consortium (AECC) today announced the release of groundbreaking edge computing research in collaboration with GSMA Intelligence titled Edge: Coming to a Place Near You .
Along with this research, the AECC also announced the appointment of Dr. Ryokichi Onishi , a Principal Engineer and General Manager at Toyota Motor Corporation, to AECC President and Chair.
The research reveals a robust expansion in the demand for edge computing, primarily fueled by enterprises undergoing digital transformation.
An impressive 73% of surveyed companies across five industries express their intent to increase edge investments over the next 12 months,” said GSMA Intelligence Head of Research Tim Hatt.

Vehicle Dependability Slumps as Rate of Deterioration Increases, J.D. Power Finds

Retrieved on:

Thursday, February 8, 2024

Vehicle owners are experiencing lower levels of vehicle dependability after three years of ownership, according to the J.D.

Key Points:

Vehicle owners are experiencing lower levels of vehicle dependability after three years of ownership, according to the J.D.
Vehicle Dependability StudySM (VDS) (Graphic: Business Wire)
“Historically, VDS model results mirror the results of the respective model year in the J.D.
Power Initial Quality Study, so a deterioration of vehicle dependability is unusual,” said Frank Hanley, senior director of auto benchmarking at J.D.
Vehicle Dependability Study is based on responses from 30,595 original owners of 2021 model-year vehicles after three years of ownership.