Press Releases
Maxion Wheels, the world's largest wheel manufacturer, announced that it has completed the construction and infrastructure of its new commercial vehicle (LCV) steel wheel factory , Maxion Jantaş, of 21,000 square meters in Manisa, Turkey. Together with its partner Inci Holding, Maxion Wheels, which previously announced the expansion during the start of work on the newly acquired land, today reports that the expansion is expected to be completed in the first quarter of 2022, bringing the
Read more...9 March 2021
Cooper Tire has announced that Vanguard National Trailer Corporation is including the Cooper® PRO Series™ LHT trailer tire as standard equipment on all dry and refrigerated van trailers built at its Monon, Ind.; Trenton, Ga.; Moreno Valley, Calif.; and Sarnia, Ontario, Canada locations. According to Charlie Mudd, President and Chief Executive Officer of Vanguard, the move to Cooper’s PRO Series trailer tires is in line with the company’s continued commitment to
Read more...Yamaha Corporation has developed the YGPX024, the largest * 1 and most powerful * 2 Thermoelectric Power Generation (TEG) module in world, using thermal energy from automobile exhaust gases to generate electricity. Sample sales are scheduled to begin March 5 (Japanese Standard Time). Global warming is a constant challenge. Hybrid vehicles and EVs have become a new trend in the automotive industry, as new energies and dispersed energy sources are becoming commonly used power metrics.
Read more...Penske Automotive Group, Inc., a diversified international transportation services company, announced that it has entered into an agreement to acquire Kansas City Freightliner ("KCFL"), a retailer of medium and heavy-duty commercial trucks. The KCFL acquisition is expected to generate $450 million in annualized revenue, building further scale within the Company's wholly-owned Premier Truck Group subsidiary. Premier Truck Group ("PTG") currently operates
Read more...Cyngn, the autonomous vehicle organization, announced a partnership with Formel D, the international service provider to the automotive technology and supply industry. The collaboration will help Cyngn deploy DriveMod, its autonomous vehicle technology, across a variety of industries and applications. "For us, the Formel D partnership was a no-brainer," said Cyngn's CEO Lior Tal. "For the last four years, we've been building our self-driving vehicle technology
Read more...4 March 2021
Vinfast, Vietnam's first national car brand, aims to dominate Vietnam's electric vehicle market by deploying ProLogium's groundbreaking solid battery pack for electric cars. Vinfast, a subsidiary of Vingroup, Vietnam's largest private company, has signed a letter of intent with the world's leading solid-state battery manufacturer ProLogium to accelerate the commercialization of solid-state battery electric vehicles in Vietnam . According to the MoU, the
Read more...4 March 2021
The Goodyear Tire and Rubber Company, EASE Logistics and the City of Dublin announced a pilot as part of the Smart Columbus initiative to advance connected mobility. For the pilot, the three participants will experiment in the areas of tire intelligence and cloud-based logistics among others within an innovation region located in and around Columbus, Ohio, known as the Beta District. With the potential to share and enhance data on connected mobility, these experiments could lead to
Read more...3 March 2021
Bridgestone Americas, Inc. (Bridgestone), a wholly owned subsidiary of Bridgestone Corporation and a global leader in sustainable mobility solutions, announced its first ground solar array providing power directly to the manufacturing process. The new solar array is located at the company's Aiken County, South Carolina, Passenger/Light Truck Tire Plant in Graniteville, South Carolina. The new installation includes approximately 8 acres of solar panels that generate 2 megawatts of energy w
Read more...3 March 2021
Six major utilities announced a plan to ensure electric vehicle (EV) drivers have access to a seamless network of charging stations connecting major highways in the South, Midwest, Gulf and Central Plains regions. The Electric Highway Coalition – made up of Duke Energy, American Electric Power, Dominion Energy, Entergy Corporation, Southern Co., and the Tennessee Valley Authority – will enable EV drivers seamless travel across a broad portion of the country through a net
Read more...Hyzon Motors Inc. ("Hyzon" or the "Company"), a leading supplier of zero-emission hydrogen fuel cell powered heavy vehicles, announced plans to build the largest fuel cell membrane electrode assembly (MEA) production line for commercial vehicles in the United States at its new Hyzon Innovation Center located in Bolingbrook, Illinois, just outside of Chicago. As announced previously, Hyzon plans to go public through a merger with Decarbonization Plus Acquisition C
Read more...2 March 2021
Daimler Truck AG and the Volvo Group completed the transaction to form the previously announced fuel-cell joint venture. The Volvo Group has acquired 50 percent of the partnership interests in the existing Daimler Truck Fuel Cell GmbH & Co. KG for approximately SEK 6.3 billion (approximately EUR 0.6 billion) on a cash and debt-free basis. The ambition is to make the new joint venture a leading global manufacturer of fuel-cells, and thus help the world take a major step towards climate-neu
Read more...26 February 2021
Continental announced a voluntary recall program involving approximately 94,000 Continental, General and Barum brand passenger vehicle tires that were produced at the company’s Mt. Vernon, Illinois plant and sold to vehicle manufacturers and the aftermarket. The tires may experience sudden air loss or belt edge separation which could lead to partial or full tread loss. Continental has not received any reports of accidents or injuries resulting from this condition and the compa
Read more...26 February 2021
The LiDAR sensor specialist from Hamburg Ibeo Automotive Systems GmbH gets underway with the validation of their real solid state ibeoNEXT sensors for China's largest SUV manufacturer, Great Wall Motor (GWM). The aim is to reach series production for automated driving at L3 and potentially L4 levels, and to define standards which should make autonomous driving possible in the near future. Ibeo commissioned German-Chinese testing and validation provider LiangDao for series testing. The tes
Read more...25 February 2021
Fisker Inc – designer and manufacturer of the world’s most emotion-stirring, eco-friendly electric vehicles, and advanced mobility solutions announced it has entered into a MOU with Hon Hai Technology Group (TWSE:2317) (Foxconn) supporting a project to develop a breakthrough electric vehicle. Highlights of the proposed collaboration, codenamed ‘Project PEAR’ (Personal Electric Automotive Revolution): Fisker and Foxconn to jointly develop a breakthroug
Read more...25 February 2021
Chemical Guys, the leading lifestyle brand for automotive detailing enthusiasts and professionals, announces the launch of HydroInterior, the company's latest addition to its popular 'Hydro' line of ceramic products. HydroInterior is a highly versatile interior protectant, fusing the ease of use and efficiency of a quick detailer with the long-lasting protective properties of a ceramic into one product designed to clean, protect and maintain your vehicle's interior surfaces wh
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