High Price of Electric Vehicles Deters Over 60% of UK and US Potential Buyers, New Juniper Research Survey Finds
BASINGSTOKE, England–(BUSINESS WIRE)–#maasmarket–A new Juniper Research survey has found that 66% of UK respondents and 61% of US respondents are discouraged from adopting electric vehicles due to their high purchase price. It noted that electric vehicles must demonstrate lower running costs compared to traditional vehicles to justify the initial expenditure. Electric vehicles replace internal combustion […]
SiTime Delivers Precision Timing Solution for Tesla Dojo AI Supercomputer
SANTA CLARA, Calif.–(BUSINESS WIRE)–#AI—SiTime Corporation (NASDAQ: SITM), the precision timing company, announced today that it is delivering precision timing solutions for the Tesla Dojo System, featured in Tesla’s AI Day 2022. As mentioned in the AI day 2 presentation on Dojo Supercomputer, Dojo has been built with a no limits philosophy and Dojo’s system design […]
Rivian Produced 7,363 Vehicles in Q3 2022
IRVINE, Calif.–(BUSINESS WIRE)–Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production totals for the quarter ending September 30, 2022. The company produced 7,363 vehicles at its manufacturing facility in Normal, Illinois and delivered 6,584 vehicles during the same period. These figures remain in line with the company’s expectations, and it believes it is on track to […]
BMW of North America Reports Q3 2022 U.S. Sales Results
BMW Brand Sales Rise 3.2% vs Q3 2021 on the Increased Availability of Battery Electric Vehicles and Strength of Sports Activity Vehicle Lineup. BMW Sets New Quarterly Benchmarks for Sales of Battery Electric and Plug-in Hybrid Electric Vehicles. MINI Brand Sales Increase 11.4% vs Q3 2021. WOODCLIFF LAKE, N.J.–(BUSINESS WIRE)–BMW of North America today reported […]
H&E Equipment Services Completes Acquisition of One Source Equipment Rentals Inc.
BATON ROUGE, La.–(BUSINESS WIRE)–$HEES–H&E Equipment Services Inc. (“H&E” or the “Company”) (NASDAQ: HEES) today announced the completion of its acquisition of One Source Equipment Rentals Inc. (“One Source”), effective October 1, 2022. With the closing of the transaction, H&E adds 10 equipment rental locations to its branch network, including initial locations in Illinois, Indiana, and […]
County of Los Angeles Partners with PowerFlex to Install New Smart Electric Vehicle Chargers at The Music Center’s Walt Disney Concert Hall Among Other Locations
The new installation at the Walt Disney Concert Hall garage includes 43 PowerFlex electric vehicle (EV) charging stations, with more than 800 EV charging stations already completed around the County LOS ANGELES–(BUSINESS WIRE)–On October 1, 2022, The County of Los Angeles (County) and PowerFlex announced the addition of 40 electric vehicle (EV) Level 2 charging […]
Vehlo Names Automotive Software Veteran Ronda Lewis CRO
Lewis brings more than two decades of innovation, business development, executive leadership, and dealer advocacy in the automotive software space KNOXVILLE, Tenn.–(BUSINESS WIRE)–#SaaS—Vehlo, a leading provider of software and financial solutions for the automotive repair industry, today announced the appointment of automotive software veteran and longtime dealer advocate Ronda Lewis as Chief Revenue Officer. The […]
Best’s Review Explores Auto Manufacturers’ Initiatives to Offer Insurance
OLDWICK, N.J.–(BUSINESS WIRE)–The October issue of Best’s Review covers auto manufacturers’ initiatives to offer insurance for their vehicles. “Automakers Build New Insurance Future” explains how carmakers are forging new and more involved relationships with insurers as data and technology pervade the car-manufacturing industry. “At A Glance – Auto Insurance Initiatives” takes a look at auto […]
Plymouth Rock Assurance Corporation Names Paul Measley as Chief Claims Officer
Insurance industry veteran will lead the Claims team for Plymouth Rock’s Independent Agency Auto business BOSTON–(BUSINESS WIRE)–Plymouth Rock Assurance Corporation has appointed Paul Measley as its Chief Claims Officer, effective immediately. Measley, who joins Plymouth Rock from GEICO, is responsible for the claims organization within Plymouth Rock’s Independent Agency business. “Paul brings a combination of […]
idrive Announces Strategic Partnership with Vera
SANTA BARBARA, Calif.–(BUSINESS WIRE)–#AI–idrive announces its newest strategic partnership with Vera Arastirma (Vera) a research and technology company and Netrapor. Netrapor is a Vera Research, Analytical Consulting Services, Research and Technology company established in 2010 to produce, manage and analyze data in the vehicle tracking sector. Vera is headquartered out of Istanbul, Turkey and is […]
