Baxter Performance, the exclusive manufacturer of cartridge oil filter adapters for Toyota engines, has announced their expansion into adapters for Mopar, Ford, GM, and Subaru applications. The company produces quality machined adapters that retain oil in the filter and post filtration in the engine for faster oil delivery and pressure at start-up, this results in less engine wear at the most critical time, thus extending engine life. No more dry starts. "With the advent of aut

Penske Automotive Group, Inc., a  diversified international transportation services company, today announced that its Board of Directors has increased the Company's dividend by 2.3% to $0.44 per share. The dividend is payable June 2, 2021, to shareholders of record on May 24th, 2021. "We are pleased to offer our shareholders an increase in the quarterly dividend," said Penske Automotive Group President, Robert H. Kurnick.  "Our business achieved record r

Power management company Eaton today announced its eMobility business has been awarded a contract to supply a 24-to-12-volt DC-DC converter for use in a commercial heavy-duty battery electric vehicle (BEV) that will power accessories, such as antilock brakes and lighting. The BEV will be sold in the North American and China markets beginning later this year. “DC-DC converters are an essential part of our eMobility product portfolio and are used in a variety of vehicle applicat

Li-Cycle Corp., an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, today announced an agreement with Ultium Cells LLC (“Ultium”), a joint venture of General Motors (“GM”) and LG Energy Solution (“LGES”), to recycle up to 100% of the scrap generated by battery cell manufacturing at Ultium’s Lordstown, Ohio battery cell plant. Li-Cycle will recover the raw materials contained in the

Pony.ai, a leading autonomous driving technology company, introduced its newly designed sensing platform in collaboration with Luminar Technologies, Inc. (NASDAQ: LAZR), a global leader in automotive lidar hardware and software technology. Pony.ai also announced it has driven more than five million kilometers across an operational coverage area of over 850 km² and has provided more than 220,000 Robotaxi rides. Pony.ai is set to deploy automotive-grade production autonomous flee

Global automotive supplier Hanon Systems (KS: 018880) today announced it has completed the acquisition of condenser business from Keihin Corporation for certain operations in Europe and North America. "This strategic acquisition expands our ability to supply automakers with condenser technology and further diversifies the customer base of Hanon Systems," said Nurdal Kücükkaya, representative executive officer and president of Hanon Systems. "Condensers conti

BlackBerry Limited announced that Chinese electric carmaker WM Motor has selected its QNX® Neutrino® Realtime Operating System (RTOS), QNX® Software Development Platform (SDP 7.0), and QNX® Hypervisor to power its advanced W6 SUV model. The deployment will enhance the safety of the mass-produced, all-electric W6, marking another milestone since the companies announced in December 2019 that BlackBerry® QNX® software had been selected for use in WM Motor's third-gene

FullSpeed Automotive, one of the nation’s largest franchisors and operators of automotive aftermarket repair facilities, announced today that it completed five separate acquisitions in April, adding a total of 10 new automotive maintenance and repair centers to its portfolio. Since being acquired by MidOcean Partners in November 2020, FullSpeed Automotive has acquired 17 new centers and now has over 650 franchised and company-owned locations. The five acquisitions were complet

Carvana, the leading e-commerce platform for buying and selling used cars, continues to expand into the Pacific Northwest, bringing The New Way to Buy a Car® with as-soon-as-next-day touchless home delivery to Albany area residents. Customers can shop through an inventory of more than 30,000 used cars for sale, secure auto financing, trade in, and schedule as-soon-as-next-day vehicle delivery in as little as five minutes. Customers can also sell their current vehicle to Carvana and receiv

UBQ Materials, developer of the most climate-positive thermoplastic material on the market, announced today that together with Mercedes-Benz, it has won the Sustainability Award in Automotive 2021 in the "best start-up" category. The two companies won the award for their collaborative work developing sustainable car parts. The Sustainability Award in Automotive honors companies whose products, processes and initiatives have a positive and holistic impact on the sustainabil

Ford Motor Company today announced it is growing its investment in Solid Power, an industry-leading producer of all-solid-state batteries for EVs. Initially investing in Solid Power in 2019, Ford is making an additional equity investment to help accelerate further development of solid-state vehicle battery technology, contributing to a $130 million Series B investment round in which the BMW Group becomes an equal equity owner with Ford. “Solid-state battery technolog

ASV Holdings Inc., an industry-leading manufacturer specializing in all-purpose and all-season compact track loaders and skid steers, expands the new MAX-Series™ lineup with the addition of the vertical-lift VS-75 and radial-lift RS-75 skid steers. The MAX-Series line was first introduced with compact track loaders in mid-2020, giving operators a premium experience to match the machines’ impressive performance capabilities. Like the tracked machines, the skid steers bene

Kia Motors America today announced its second-successive best-ever monthly sales total of 70,177 units, surpassing the previous monthly high set in March 2021. Two Kia nameplates – K5 and Forte – enjoyed their strongest month ever in April, powering Kia to a 121.3-percent increase over the same period last year. Additional strong performances included: Best-ever April totals for the Telluride, Sportage and Seltos Kia sales increased more than 120-percent over Apri

Hyzon Motors Inc. ("Hyzon"), a leading global supplier of zero-emission hydrogen fuel cell-powered commercial vehicles, jointly with Modern Industrial Investment Holding Group ("Modern Group"), a Saudi industrial conglomerate, announced the signing of a memorandum of understanding (MoU) with NEOM Company for the development of a vehicle assembly facility in NEOM, the $500 billion giga-project in northwest Saudi Arabia. NEOM is committed to becoming fully sustaina

LAZ Parking announced a new electric vehicle (EV) charging program . The initiative will bring 500 new Tesla Connectors to LAZ Parking locations nationwide. Company officials said that Tesla vehicles account for more than 85 percent of electric cars in use across the United States. By installing Tesla Charging, LAZ will attract Tesla drivers to its parking garages via Tesla's in-app and in-car touch screens. By hosting Tesla charging zones at current and future locations, LAZ ca