Press Releases

Dana Incorporated  introduced new drive technologies for material-handling vehicles, including a low-voltage, high-efficiency motor for electric-powered applications, as well as a new series of modular, high-efficiency drive axles for Class I, IV, and V industrial lift trucks. The new technologies demonstrate how Dana offers modular systems that support both bolt-on and fully integrated approaches to vehicle design.  Dana's flexibility helps manufacturers reduce system

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VOXX International Corporation, a leading manufacturer and distributor of automotive and consumer technologies for the global markets, is pleased to announce it has successfully acquired the aftermarket vehicle remote start and security systems ("RSS") and connected car solutions ("CC") businesses of Directed, LLC and Directed Electronics Canada Inc. ("Directed"). This transaction was completed on July 2, 2020, via an Asset Purchase Agreement ("Agreement&quo

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Karma Automotive, the Southern California-based creator of luxury electric vehicles and high-tech incubator, announced it will start to expand its European business in Germany, Switzerland and Austria. Karma's presence in the DACH region will further underline the brand's international growth plans, as its global retail network remains on track to expand to five continents in 2020. Karma already signed partnerships with dealers in the Netherlands, Sweden, France, Spain and P

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Allied Market Research recently published a report, titled, "Automotive HVAC System Market by Technology (Automatic and Manual), Vehicle Type (Passenger Car, Commercial Vehicle, and Electric Vehicle), and Component (Evaporator, Compressor, Condenser, Receiver-drier, Expansion Valve, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027". According to the report, the global automotive HVAC system industry was pegged at $43.37 billion in 2019, and is projecte

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Technavio has been monitoring the automotive timing belt market and it is poised to grow by 33.31 mn units during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Repo

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Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems, announced today that it has received two orders for product development and customization from Elbit Systems Land Ltd., a subsidiary of Elbit Systems Ltd. (Nasdaq: ESLT), the leading Israeli defense company. Elbit Systems is Foresight’s first commercial customer. Foresight will supply a QuadSight prototype system with wide-angle field-of-view detection capabilities designed to meet Elbit’s requirements.

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For optimum winter traction performance, Cooper Tire’s Roadmaster brand has introduced the Roadmaster RM258 WD™. Featuring an open shoulder design with four rows of lugs, the tire is Three-Peak Mountain Snowflake certified. Helping the tire achieve that rating are shoulder notches and chevron grooves for excellent bite in winter conditions. It was designed for regional applications, and comes in 11R22.5 and 11R24.5 sizes with load range H. “This Roadmaster tire is

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INEOS Automotive unveils the body design of the upcoming pure off-roader Grenadier, reaching the next milestone on the way to series production. The INEOS Grenadier, which was developed from scratch on its own platform, was conceived with one precise goal in mind: to meet the demands of future owners who need a hard-wearing, powerful and comfortable work vehicle that can be used to master any terrain. “The target was very clear. We are committed to creating a modern,

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Ballard Power Systems recognized the landmark Advanced Clean Truck Regulation passed by the California Air Resources Board (CARB), requiring the scaled adoption of zero-emission commercial trucks in California. On June 25, 2020 CARB adopted a first-in-the-world regulation requiring truck manufacturers to transition from diesel trucks and vans (for Class 2b through Class 8) to electric zero-emission trucks, with a plan for every new truck sold in California to be zero-emission by 204

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Xpeng Motors, a leading Chinese electric vehicle and technology company, announced that it has begun nation-wide delivery of its new P7 super-long range, high-performance, smart EV sports sedan to customers. This follows the receiving of the official production license on May 19th from China’s Ministry of Industry and Information Technology for its new own-built, wholly-owned factory, the Zhaoqing Xpeng Motors Intelligent Industrial Park, in Xpeng’s home Guangdong Provin

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Hyundai Mobis announced that the company developed the Integrated Communication Controller, which enables real-time communication of various vehicle information with other vehicles or infrastructure through external communication networks. It succeeded in localizing the core connected car technology that connects vehicles, people, things and infrastructure with high-speed communication networks. It is expected that various kinds of vehicle and driver data will be utilized to apply a

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The Goodyear Tire & Rubber Company and Lordstown Motors announced a strategic relationship with the two Ohio-based companies agreeing to collaborate on tires and service in addition to future tire intelligence opportunities. The announcement coincides with Lordstown's debut of its first all-electric pickup truck, the Endurance, featuring Goodyear tires on Thursday. As part of the agreement, Goodyear also intends to acquire new Endurance vehicles to integrate into i

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BAE Systems, a world leader in electric propulsion systems, announced its selection by New York City Transit Authority to supply 435 electric hybrid power and propulsion systems for its new fleet of transit buses, reducing carbon emissions and fuel consumption. “We are committed to collaborating with New York as it strives to reduce transportation emissions and improve air quality in the communities across the state,” said Steve Trichka, vice president and general manage

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Garrett Motion Inc., a leading differentiated technology provider into the automotive industry, has developed its Garrett Early Warning System (EWS) software to focus the power of both physics and artificial intelligence (AI) into an aftermarket tool benefitting global commercial fleet managers. Garrett EWS is one example of diagnostic and prognostic software systems the company is developing to create a safer and more secure operating environment across the automotive industry. Gar

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Technavio has been monitoring the automotive brake wear sensors market and it is poised to grow by USD 1.38 bn during 2020-2024, progressing at a CAGR of about 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample

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