PHINIA Announces Proposed Private Offering of $425,000,000 of Senior Secured Notes Due 2029
AUBURN HILLS, Mich.–(BUSINESS WIRE)–PHINIA Inc. (“PHINIA” or the “Company”) (NYSE: PHIN) announced today that it is planning, subject to market and other customary conditions, to offer (the “Offering”) $425 million aggregate principal amount of its senior secured notes due 2029 (the “notes”) in a private offering that is exempt from the registration requirements of the […]
Thin-File Millennial and Gen Z Borrowers Lead in Credit Tier Advancement, Open Lending and TransUnion Research Finds
New data on generational borrowing habits and credit potential reveals Millennials and Gen Zers prioritize automotive loan payments AUSTIN, Texas–(BUSINESS WIRE)– The report underscores the potential value Millennials and Gen Zers can bring lenders, with key findings showing: Millennials and Gen Zers are poised and quick to advance: Data revealed that 30% of Millennial and […]
EV Owners Uninformed of Faster Tire Wear, Leading to Lower Satisfaction, J.D. Power Finds
Michelin Ranks Highest in Three Segments; Falken Ranks Highest in One Segment TROY, Mich.–(BUSINESS WIRE)–The satisfaction gap with original equipment tires between electric vehicles (EVs) and gas-powered vehicles is widening, as EV owners say their tires are wearing faster, according to the J.D. Power 2024 U.S. Original Equipment Tire Customer Satisfaction Study℠, released today. The […]
Efinix Rolls Out Line of FPGAs to Accelerate and Adapt Automotive Designs and Applications
Designed to deliver the power behind the promise of the software defined vehicle, Efinix FPGAs uniquely positioned to drive modern vehicles forward CUPERTINO, Calif.–(BUSINESS WIRE)–Efinix®, an innovator in programmable logic solutions, today announced a line of FPGA solutions designed specifically for the automotive industry to drive forward the long-term design and development of the rapidly […]
Generational Equity Advises Fritsch Equipment Corporation in its Sale to a Local Group of Private Investors (led by SLK Finance and in Partnership with Ron Fritsch)
DALLAS–(BUSINESS WIRE)– Located in De Pere, Wisconsin, Fritsch Equipment Corporation (Fritsch) manufactures its own line of branded farm equipment, and also carries farming equipment from other brands to ensure a wide range of product offerings for its clients. The Company has earned a stellar reputation for its “Fritsch” branded products, including the Forage Facer (the […]
ADS-TEC Energy Demonstrates Ultra-Fast Charging Without Compromise at the EV Charging Summit & Expo
At the EV Charging Summit & Expo, ADS-TEC Energy is showcasing its battery-buffered, ultra-fast charging platform ChargeBox, which supports CCS1 today and will soon support NACS charging plugs ChargeBox charges ultra-fast even on a power-limited grid, enabling ultra-fast charging to become as ubiquitous as air conditioning and elevators for large apartment buildings and offices At […]
Aeva Technologies, Inc. Regains Compliance with NYSE Continued Listing Standards
MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)– Aeva previously received notice from the NYSE that it was not in compliance with NYSE’s continued listing minimum price criteria because the average closing price of Aeva’s common shares was below $1.00 over a consecutive 30 trading-day period. On March 21, 2024, the closing share price for Aeva’s common stock and […]
Electra Receives Extension from NASDAQ to Resolve Minimum Price Requirement
TORONTO–(BUSINESS WIRE)– The Extension has no immediate effect on the listing or trading of the Company’s common shares (the “Shares”) on the Nasdaq, and the Company’s operations are not affected by the receipt of the Extension. Pursuant to the Extension, the Company has until September 16, 2024 to regain compliance with the Minimum Bid Requirement, […]
Allison Transmission and Yutong Expand Presence in Rwanda
Allison to support continued growth in the region with new authorized service location in Rwanda. INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission and Yutong Bus Co., Ltd., a leading bus manufacturer in China, are steadfastly growing their presence in Rwanda. Over the past decade, the companies have collaborated to export transit buses equipped with Allison fully automatic transmissions to […]
Continental Celebrates Expansion of Tire Headquarters Campus in South Carolina with Open House
Significant investment in Fort Mill demonstrates commitment to the community and to employees The new three-story, 90,000 square foot building is designed and constructed to achieve LEED Gold certification The facility incorporates unique character of its surroundings with a work environment that fosters efficient interaction and collaboration, creating a destination for team members in the […]
