Lendbuzz Completes $219 Million Asset-Backed Securitization

Lendbuzz Completes 9 Million Asset-Backed Securitization

Lendbuzz achieves AAA-rating following continued strong performance BOSTON–(BUSINESS WIRE)– Lendbuzz Securitization Trust 2024-1 (“LBZZ 2024-1”) issued four classes of notes: Class A-1, Class A-2, Class B, Class C. The LBZZ 2024-1 notes have been rated by S&P Global Ratings (S&P) and Kroll Bond Rating Agency (KBRA) as NR/K1+, AA-/AAA, A-/AA+ and NR/A-, respectively. Goldman Sachs […]

Consistency Key to Retain Residual Values, J.D. Power Finds

Consistency Key to Retain Residual Values, J.D. Power Finds

Toyota (Mass Market) and Lexus (Premium) Earn Top Brand Awards for Fifth and Fourth Consecutive Year, Respectively TORONTO–(BUSINESS WIRE)–Manufacturers that provide consistent quality, durability and pricing across vehicle models tend to retain higher residual values, according to the J.D. Power 2024 Canada ALG Residual Value Awards, announced today. ALG is the division of J.D. Power […]

DAS Technology Unveils New SaaS CDXP Innovations at NADA 2024

DAS Technology Unveils New SaaS CDXP Innovations at NADA 2024

Leading Consumer Data and Experience Platform identifies new SaaS features leveraging data and AI to improve dealer sales and service performance LAS VEGAS–(BUSINESS WIRE)– Within the lead and sales communication module of the CDXP, DAS Technology has introduced new capabilities to improve the conversion rate of sales performance through AI-enabled lead response and prospect nurturing […]

Eaton Named to FORTUNE’s 2024 World’s Most Admired Companies List for Seventh Straight Year

Eaton Named to FORTUNE’s 2024 World’s Most Admired Companies List for Seventh Straight Year

CLEVELAND–(BUSINESS WIRE)–Intelligent power management company Eaton has been named one of the World’s Most Admired Companies by FORTUNE magazine for the seventh straight year. “It’s an honor to be recognized for our commitments to our stakeholders and to society,” said Craig Arnold, Eaton chairman and chief executive officer. “The confidence shown in our company by […]

PHINIA Declares Quarterly Dividend of $0.25 per Common Share

PHINIA Declares Quarterly Dividend of alt=

AUBURN HILLS, Mich.–(BUSINESS WIRE)–PHINIA Inc. (“PHINIA” or the “Company”) (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket products, today announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.25 per common share, payable on March 15, 2024, to shareholders of record at the close […]

Foundation Automotive Identifies 24 Local Charitable Giving and Community Partnerships for 2024

Foundation Automotive Identifies 24 Local Charitable Giving and Community Partnerships for 2024

WICHITA FALLS, Texas–(BUSINESS WIRE)– Economic and Social Contributions As a significant contributor to the Wichita Falls tax base, and a key employer in the region, Foundation Automotive is not just a business entity, but a pillar of the community. “Our success is intertwined with the well-being of our community,” states Kevin Kutschinski, owner. The dealership’s […]

DAS Technology Reveals Milestone 10th Annual Automotive Customer Experience Trends Study at NADA 2024

DAS Technology Reveals Milestone 10th Annual Automotive Customer Experience Trends Study at NADA 2024

The automotive industry’s most in-depth and longest-running study includes data from 7,000 verified vehicle buyers and service customers LAS VEGAS–(BUSINESS WIRE)– “What was eye-opening from the feedback is that only 37% of consumers indicated they received payment options for their vehicle of interest from a dealer’s lead response communications. In addition, only 29% of respondents […]

Chase Briscoe Gears Up for 2024 NASCAR Season With Buzz Electric Bicycles

Chase Briscoe Gears Up for 2024 NASCAR Season With Buzz Electric Bicycles

DAYTON, Ohio–(BUSINESS WIRE)–NASCAR Cup Series driver and bike enthusiast Chase Briscoe today announced his new partnership with Briscoe and Buzz are a perfect match. The Buzz Centris folding ebike, known for its convenience and burst of power, is perfect for the dynamic environment of NASCAR tracks. Whether for drivers, team members, or fans, these ebikes […]

Farley, Lawler to Discuss Customer-Focused Ford+ Growth Plan at Feb. 15 Wolfe Conference

Farley, Lawler to Discuss Customer-Focused Ford+ Growth Plan at Feb. 15 Wolfe Conference

DEARBORN, Mich.–(BUSINESS WIRE)–Ford President and CEO Jim Farley and CFO John Lawler will discuss the company’s customer-centered Ford+ plan to improve growth, margins and capital efficiency while reducing cyclicality at the upcoming Wolfe Research Global Auto Conference in New York City. The conference is scheduled for Thursday, Feb. 15; the Ford leaders will be speaking […]