MiddleGround Capital Acquires Dura Automotive Systems
Company Emerges from Global Restructuring Kimberly Rodriguez named CEO LEXINGTON, Ky.–(BUSINESS WIRE)–MiddleGround Capital announced today that it has acquired majority ownership of Dura Automotive Systems from Bardin Hill Investment Partners. This is MiddleGround’s sixth platform acquisition made from its first fund, which closed in August 2019. Dura is a global designer and manufacturer of highly […]
Uber Announces Results for Second Quarter 2020
Revenue of $2.2 billion, declining 29% year-over-year or 27% on a constant currency basis Mobility Adjusted EBITDA of $50 million SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced financial results for the quarter ended June 30, 2020. Financial Highlights for Second Quarter 2020 Gross Bookings declined to $10.2 billion, down 35% year-over-year, or 32% […]
J.D. Power to Acquire ALG from TrueCar, Inc.
$135 Million Purchase Expected to Close by End of 2020 TROY, Mich.–(BUSINESS WIRE)–J.D. Power, a global leader in data analytics and consumer intelligence, today announced it has entered into an agreement to purchase ALG, Inc., from TrueCar, Inc., for $135 million. ALG is an industry authority on automotive residual value projections in both the United […]
Airgain Reports Second Quarter 2020 Financial Results
SAN DIEGO–(BUSINESS WIRE)–$AIRG #AirgainEarnings—Airgain, Inc. (Nasdaq: AIRG), a leading provider of advanced antenna technologies used to enable high performance wireless networking across a broad range of devices and markets, including consumer, enterprise, and automotive, today announced GAAP net loss of $0.7 million and GAAP EPS of $(0.08) for the three months ended June 30, 2020 […]
Ford Senior Leaders to Describe Opportunities in Europe at J.P. Morgan Auto Conference on Aug. 12
DEARBORN, Mich.–(BUSINESS WIRE)–Senior leaders from Ford will discuss the company’s European business with J.P. Morgan lead auto analyst Ryan Brinkman during the J.P. Morgan Auto Conference on Wednesday, Aug. 12 at 10 a.m. EDT. The session will cover strategic topics such as Ford’s European redesign and plans to capitalize on its growing commercial vehicles business […]
3DEO Wins Design Excellence Award for High-Volume Production Component
LOS ANGELES–(BUSINESS WIRE)–#3D–3DEO, a metal 3D printing technology company, has won the Design Excellence Award for its metal 3D printed production component at the 2020 Design Excellence Award Competition. The competition is sponsored by the international trade association for metal powder industries, MPIF, which recognizes a distinguished example of the efforts in metal additive manufacturing […]
Helbiz Expands its Innovative Fleet of Micro-Mobility Vehicles with the Addition of Electric Mopeds
Signs agreement with leading moped operator, MiMoto, for platform integration and acquisition Mopeds to begin operating in Milan, Turin, Genoa, Rapallo, Santa Margherita Ligure and Portofino MILAN–(BUSINESS WIRE)–Helbiz, a global leader in micro-mobility, today announced that it has signed an agreement with MiMoto Smart Mobility S.r.l., the first Italian mover in the electric moped market. […]
Kandi America Announces Distribution Plans, Seeks Authorized Dealer Engagements
International auto manufacturer’s U.S. launch set for August 18 with virtual event GARLAND, Texas–(BUSINESS WIRE)–Kandi America, the U.S. subsidiary of Kandi Technologies Group Inc. (NASDAQ GS: KNDI), an international automotive manufacturer, today announced plans for distribution as it nears the formal launch of the most affordable electric vehicles (EVs) on the U.S. market. Kandi is […]
Root Insurance Commits to Eliminate Bias from Its Car Insurance Rates
● Pledges to remove credit scores from its pricing model to build a fairer system ● 93% of Americans want the industry to remove bias and discrimination from car insurance rates COLUMBUS, Ohio–(BUSINESS WIRE)–Today, Root Insurance announces that it will eliminate credit scores as a factor in its car insurance pricing model by 2025, moving […]
Eaton InfiniTrac™ Electronic Limited Slip Differential Delivers Optimized Performance, Scalable Application and Seamless Response
GALESBURG, Mich.–(BUSINESS WIRE)–#Eaton–Power management company Eaton today introduced InfiniTrac™, an electronically controlled, hydraulically actuated, variable-bias limited-slip differential that delivers optimized vehicle performance at any speed and traction condition. Eaton’s InfiniTrac provides a wide range of functionality for passenger vehicles. It operates as an open differential until needed, and then applies the necessary torque to respond […]
