Captives Recapture Total Vehicle Financing Market Share in the U.S.
New Experian report shows consumers continuing to opt for shorter term loans SCHAUMBURG, Ill.–(BUSINESS WIRE)–In the second quarter of 2023, captives regained the lion’s share of total vehicle financing, outpacing banks and credit unions. According to Experian’s State of the Automotive Finance Market Report: Q2 2023, captives made up 29.05% of the total vehicle financing […]
Carvana to Complete Debt Exchange with Over 96% of Noteholders
PHOENIX–(BUSINESS WIRE)–Carvana Co. (NYSE: CVNA) (“Carvana” or the “Company”), the leading e-commerce platform for buying and selling used cars, announces today the final results of its previously announced debt exchange offers (the “Exchange Offers”) that will provide the Company with significant financial flexibility as it continues to execute its profitability and growth plan by reducing […]
Cepton, Inc. Announces Participation in September 2023 Investor Conferences
SAN JOSE, Calif.–(BUSINESS WIRE)– RBC Global Industrials Conference Date: Tuesday – Wednesday, September 12 – 13, 2023 Location: Las Vegas, NV Participants: Hull Xu, Chief Financial Officer, and Mitch Hourtienne, Senior VP of Business Development Presentation: Cepton is scheduled to present at 8:35 – 9:05 a.m. PDT on September 13. Northland Capital Markets Institutional Investor […]
North America Robot Orders Drop for Second Quarter
Association for Advancing Automation’s latest report shows 37% fewer robots were purchased in April through June of 2023 than during the same period in 2022, a record year; downturn exacerbated by slow economy and high interest rates ANN ARBOR, Mich.–(BUSINESS WIRE)– When combined with first quarter results, the robotics market in North America is down […]
Bird and Cuyahoga Metropolitan Housing Authority Join Forces to Provide Affordable Mobility Solutions for Programs and Developments
CLEVELAND–(BUSINESS WIRE)– This partnership aims to address transportation challenges faced by individuals residing in affordable housing developments, providing them with convenient and affordable access to various destinations throughout the region. Bird will work closely with CMHA to implement programs and initiatives that benefit residents, including the introduction of affordable pricing structures tailored to meet the […]
Fisker Releases Additional Details for Fisker Pear: Innovative and Affordable Crossover Will Set a New Standard for Auto Development and Design, Priced at $29,900 Before Incentives
PEAR will be priced at $29,900 before incentives PEAR will feature seating for five or six The innovative crossover will offer estimated range from 180-320 miles*, providing exceptional versatility PEAR is first vehicle to use Fisker Blade, the company’s in-house-designed High-Performance Computer, to deliver PEAR’s connected and digital customer experience Production-intent PEAR will be exhibited […]
Toshiba Releases 3rd Generation SiC MOSFETs for Industrial Equipment with Four-Pin Package that Reduces Switching Loss
KAWASAKI, Japan–(BUSINESS WIRE)– The new products are the first in Toshiba’s SiC MOSFET line-up to use the four-pin TO-247-4L(X) package, which allows Kelvin connection of the signal source terminal for the gate drive. The package can reduce the effect of source wire inductance inside the package, improving high-speed switching performance. For the new TW045Z120C, the […]
XPEL Announces Appointment of John North to Board of Directors
North adds significant automotive and financial experience to XPEL Board SAN ANTONIO, Texas–(BUSINESS WIRE)–XPEL, Inc. (Nasdaq: XPEL), a global provider of protective films and coatings, announced today the appointment of John North to its Board of Directors. Mr. North has a deep knowledge of the automotive industry with proven experience in global retail operations, finance, […]
Modineer is “All-In” on Actify APM for Launching OEM Supply Programs
Ability to Standardize Program Management Across the Company Delivers Scalability and Productivity DETROIT & NILES, Mich.–(BUSINESS WIRE)– Modineer operates in a make-to-program environment where it engineers and delivers components to exact customer specifications. The company has enhanced and expanded its fabrication capabilities through a series of acquisitions and capital investment. Its Vice President of IT, […]
Ford Pro Expands Charging Solutions Revealing New Lineup of Chargers for Commercial Customers
Ford Pro™ adds to its charging solutions roster, reveals new Series 2 AC Charging Station 80 amp and expands DC Fast Charger options. The new Series 2 charger is easier to use, service, and control with detachable cable and connector, RFID reader, increased connectivity, and primed for future standards and over the air updates such […]
