Allison Transmission, a leading designer and manufacturer of conventional and electrified propulsion solutions, is pleased to announce the delivery of the first Allison FracTranTM transmissions to multiple industry partners. Allison’s FracTran is an all-new Oil Field SeriesTM transmission designed from-the-ground-up to meet the unique demands of the hydraulic fracturing industry and represents an incremental growth opportunity of $100 million dollars in annual revenue for Alli

At the end of last year, a new welding line was commissioned at the BMW Group plant in Munich, equipped with Inxpect's new Safety Radar System. Inxpect sensors use proprietary radar-based technology to safely detect people, directing machinery to operate only when workers are outside their work area. Thus, the safety of the workers is guaranteed. The Inxpect 200 Series safety radar used by the BMW Group plant in Munich is the first radar sensor in the world to be certi

Romeo Power, Inc., an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced that it has completed its previously announced acquisition from BorgWarner Inc. (“BorgWarner”) of its interest in the joint venture (“JV”) between Romeo Power and BorgWarner for consideration purchase price of $28.6 million, using cash on hand. Transaction Highlights: Acquiring BorgWarner&r

Toyoda Gosei Co., Ltd. has developed a lighter weight oil pump, one of the component parts in automobile transmissions, by making some sections of the pump with plastic instead of metal. Oil pumps circulate oil to decrease friction in the transmission gears and bearings. Toyoda Gosei has leveraged one of its core technologies, precision molding of plastics, to make gears and other components of oil pumps with plastic. This cuts the weight of the pump by about thirty percent.

Hyundai Mobis announced on the 27th that it has made a strategic investment in Zendar, a Silicon Vally based startup with global competitiveness in high-resolution radar, called 'imaging radar.' Hyundai Mobis is the first company to invest shares in Zendar at the corporate level. Imaging radar is regarded as differentiated, next-generation radar. Data obtained from radars located in the front, back, and corners of a vehicle are turned into integrated signals at the Electroni

Northwestern University and the Toyota Research Institute have successfully used technology from Stoicheia, Inc. to accurately predict novel and previously unknown  materials for the clean energy, chemical and automotive industries. In a groundbreaking new study, the researchers combined Stoicheia's Megalibrary technology with artificial intelligence (AI) to come up with 19 new materials that have selected characteristics. Eighteen proved correct, representing 95% accuracy.

Penske Automotive Group, Inc.  a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers, today announced that its Board of Directors has increased the Company's dividend by 2.2%, or $0.01 per share, to $0.47 per share. "The increase in the dividend reflects our Board of Directors' confidence in the Company's strong cash flow and the continued strength of our diversified business model,"

Neusoft Corporation has recently obtained the TISAX AL3 assessment, which was officially awarded by DEKRA (German Motor Vehicle Monitoring  Association) and represents the highest level of information security assessment and data exchange security standard of the European automotive industry. This recognition marks that Neusoft's level of protection in terms of confidentiality, integrity, and availability of critical information assets has reached the highest standard in the European

The success story continues. For the fourth time, Nasser Al-Attiyah wins the Dakar Rally Rally, this time together with Toyota and Reiger. Although he won only two of the twelve stages over a total distance of 8404 kilometres, Nassar Al-Attiyah still managed to triumph with his new Toyota Gazoo Racing Hilux pick-up truck. For many years, the Reiger rally customers have always been at the front of the field. First to sixth place in the final ranking were achieved by customers with dampers from

ABC Technologies Holdings Inc. a leading manufacturer and supplier of custom, highly engineered technical plastics and lightweighting innovations to the global automotive industry, today announced that it has entered into a definitive agreement to acquire Karl Etzel GmbH (“Etzel”) from the Schürrle family for approximately US$95 million (the “Etzel Acquisition”). Based in Muhlacker, Germany, Etzel was founded in 1976 and is a leading tier-1 and tier-2 su

Luminar , a leading global automotive technology company, announced today a partnership with Mercedes-Benz to accelerate the development of future highly automated driving technologies for Mercedes passenger cars. Luminar’s Iris lidar technology, which is currently being prepared for series production, is expected to improve vehicle safety and the technical capabilities of highly automated driving systems. The partnership represents a major commercial win for Luminar, and the

New Vision Display (“NVD”), a Shenzhen-based company, is proud to announce the release of its 3D Gesture Touch sensor feature, based on Microchip’s patented GestIC® technology. 3D Gesture Touch allows users to interact with a device using simple hand gestures a short distance from the screen. No physical contact is required. NVD can achieve both 2D and 3D Gesture Touch functionality in a single device, an excellent solution for automobile infotainment centers,

Ford and ADT Inc.will invest in a new joint venture called Canopy that combines ADT’s professional security monitoring and Ford’s AI-driven video camera technology to help customers strengthen security of new and existing vehicles across automotive brands. “The combination of our technologies and our deep security experience creates a new category of protection for work and personal vehicles,” said Elliot Cohen, ADT chief business development officer. “

With a rapidly expanding portfolio of successful automatic, wireless high-power EV charging projects across the U.S.A., Momentum Dynamics Corporation is now taking a big global step into Europe, the Middle East and beyond. Momentum's focus to date has been on charging electric bus and truck operations. However, in response to accelerating global customer demand for automatic wireless charging of private passenger cars, particularly in luxury segments and high utilization taxi op

Premium Guard Inc. (PGI) www.premiumguard.com, a pioneer and first-to-market leader in automotive aftermarket filters and the creator of PUREFLOW, advanced breathable air filtration technology, has just completed the acquisition of IPC Global Solutions (IPC), a major private label filter supplier and the creator of the ECOGARD brand of filtration products. As part of the transaction, PGI also partnered with Trive Capital, the Dallas-based private equity firm. The announcement was ma