Allison Transmission, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, is pleased to announce, in partnership with Hyundai Motor Company, the launch of the Allison 1000 xFE™ fully automatic transmission in the 2.5 and 3.5-ton Mighty Light Duty Truck. As the leading truck manufacturer in Korea, with an ever growing global footprint, Hyundai Motor Company has selected the Allison 1000 Series™ with xFE technology to provide their cust

Automakers are turning to connectivity, autonomous, shared and electric (CASE) technologies amid a clamour for vehicles that can fit into customers' seamlessly connected lifestyles. CASE also reduces accident rates, lowers emissions and creates new revenue streams in the mobility ecosystem. But while CASE convergence is already catalysing opportunities for growth and innovation, it is also triggering widespread disruption. In the process, it is compelling automakers to redefine establishe

Technavio has been monitoring the automotive LED lighting market and it is poised to grow by USD 4.73 billion during 2019-2023, progressing at a CAGR of 10% 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. Use of LEDs in automotive intelligence lighting system applications has been instrumental in driving the growth of the market. However, adoption of laser light

Tint World® Automotive Styling Centers™, a leading auto accessory and window tinting franchise, announced today the opening of its 15th Texas location and second under the ownership of local entrepreneurs Chad and Rene Bailey. The store will provide full-service auto styling for the Harris County and Lake Houston community. "Tint World® offers great franchisee support, and it's the best option out there in aftermarket auto services," Chad Bailey said. &qu

Innoviz Technologies, a leading provider of high-performance, solid-state LiDAR sensors and perception software, today announced cooperation with Shaanxi Heavy Duty Automobile Co. in Xi'an, China to deploy autonomous trucks for an upcoming project in one of the biggest ports in China. Shaanxi Heavy Duty Automobile Co. Ltd., better known as Shacman Trucks outside China, is one of the largest truck manufacturers in China.  Shaanxi consists of four truck companies, delivering

Icahn Automotive, a company of Icahn Enterprises LP, owner and operator of the leading service provider Pep Boys, completed the acquisition of Tecnicentros Mundial, an automotive service chain with six locations in Puerto Rico. The locations of Tecnicentros Mundial in Caguas, San Juan Centro, Rio Piedras, Campo Rico, Dorado and Ponce will become Pep Boys brand service centers and the employees of those locations will become part of the Pep Boys team. "The acquisition of Tecnice

DealerSocket, Inc., a leading provider of automotive software solutions, announced today the completion of its acquisition of Auto/Mate, a leader in Dealer Management Systems (DMS) for automotive dealerships. The closing of this acquisition brings together two customer-service focused companies and offers dealers a comprehensive new choice for an all-in-one, intelligent software platform for their dealerships. "The combination of DealerSocket and Auto/Mate gives dealers a long-

PPG  announced that it has reached a definitive agreement to acquire Alpha Coating Technologies, LLC (“Alpha”), a manufacturer of powder coatings for light industrial applications and heat sensitive substrates. The transaction is expected to close in the first quarter of 2020, subject to customary closing conditions. Financial terms were not disclosed. Founded in 2000, Alpha focuses on the development, manufacture and sale of powder coatings for light industrial app

Veoneer, Inc., the world's largest pure-play company focused on Advanced Driving Assistance Systems and Automated Driving, and its software joint venture Zenuity, have been selected by a global, Asia-based, automaker to supply an active safety system based on its next generation Mono Vision and Radar System. This is the eighth customer for Veoneer's in-house developed vision system. Veoneer's scalable system has been developed to meet Euro NCAP 5-star safety rating as we

Clearlake Capital Group, L.P., in partnership with management, today announced that it has agreed to acquire Innovative XCessories & Services LLC ("IXS" or the "Company") from Olympus Partners. IXS is the leading provider of coating solutions and vehicle upfit services to OEMs, the automotive aftermarket, and diversified industrial end markets. The transaction is expected to close in the first quarter of this year. Terms are not being disclosed. Headquartered

PPG announced that it has completed its acquisition of Industria Chimica Reggiana (ICR) S.p.A., a manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries. Financial terms were not disclosed. Founded in 1961, ICR is based in Italy and manufactures automotive refinish products, including putties, primers, basecoats and clear coats under the SPRINT® brand. The company also makes a complete range of coatings, enamels and primers for l

Veoneer, Inc., the world's largest pure-play company focused on Advanced Driving Assistance Systems and Automated Driving, has completed the sale of its 51% ownership in the Japanese (VNBJ) and Chinese (VNBZ) entities that comprise Veoneer Nissin Brake Systems (VNBS) to its joint venture partner Nissin-Kogyo Co., Ltd. and Honda Motor Co., Ltd. On October 30, 2019, the parties first announced the execution of definitive agreements related to the divestiture of VNBJ and VNBZ. The

Allison Transmission, Inc. announced a significant revision to its industry-leading iSCAAN program. Designed to assist Allison Transmission and its business partners, the iSCAAN (internet System for Computerized Application ANalysis) program optimizes vehicle configurations, evaluates vehicle acceptability and predicts vehicle performance for over 20 vocational applications. Since 1976, vehicle and component manufacturers, Allison Transmission Sales and Service Network and Allison Transmissio

Teijin Limited today announced that it will set up Teijin Automotive Center Europe GmbH (TACE) in February in Wuppertal, Germany as a new basis for technical functions within the company's auto-assembly operations. The company will handle concept, design, prototype development, evaluation, marketing and technical research for the next generation of car parts, utilizing the capabilities of the Teijin Group to offer multi-material solutions for the next generation of vehicles . TA

Cooper Tire & Rubber Company announced today that it finalized the agreement announced on November 1, 2019 to increase its participation in the joint venture of its tire manufacturing plant, Corporation de Occidente SA de CV (COOCSA), from 58 percent to 100 percent. "Having full control of COOCSA is part of Cooper's strategic plan to optimize its global manufacturing footprint with the production of high-quality tires in key geographic areas at competitive costs,"