Press Releases
Discount Tire, a leading independent retailer of tires and wheels, acquired the retail tire and automotive maintenance operations of Suburban Tire Auto Repair Centers in a transaction that included six locations and closed March 31, 2024. Suburban Tire offers customers throughout the Chicago area alignments, services for brakes, batteries, and steering and suspension, as well as a tires and wheels business. Founded in 1960 by Bruce T. Halle, Discount Tire is the largest family-owned
Read more...Toyoda Gosei Co., Ltd. high-pressure hydrogen tanks are being used on a passenger ship* powered by hydrogen and other environmentally-friendly energy. These large hydrogen tanks employ the hydrogen storage technology developed by Toyoda Gosei and Toyota Motor Corporation for the MIRAI fuel cell vehicle, which previously have used mainly on trucks and other commercial vehicles. This latest use on a vessel operated by MOTENA-Sea, a company in which Mitsui OSK Lines and others have invested, is
Read more...2 April 2024
Today, SKF Lincoln introduced the new Mityvac MV7454 and the MV7455 gear oil dispensing units for use in various industries including automotive, agriculture, construction, machinery repair, maintenance facilities and industrial fluid handling. The first-of-its-kind in the market, the gear oil handling systems utilize compressed air for quick, efficient, and clean fluid handling. Economical: cost savings by purchasing fluids in bulk. Environmentally friendly: No chemical propellants
Read more...Hyundai Motor Group has continued its incredible success at the World Car Awards, with the Kia EV9 named the 2024 World Car of the Year in a ceremony held at the New York International Auto Show. The EV9 was also named 2024 World Electric Vehicle, while the Hyundai IONIQ 5 N was crowned the 2024 World Performance Car, reinforcing the Group's global EV leadership and the technological excellence of its EV-dedicated Electric Global Modular Platform (E-GMP). These 2024 vi
Read more...30 March 2024
Yamaha Motor Co., Ltd. announced today that it and Lola Cars Ltd. (head office in the U.K., hereinafter "Lola") have signed a technical partnership agreement for the development and supply of high-performance electric powertrains to be part of an official manufacturer in the ABB FIA Formula E World Championship (hereinafter "Formula E"), the world’s premier racing series for all-electric single-seater vehicles. Through this link to Formula E, Yamaha Motor will work o
Read more...28 March 2024
Marelli has developed in China an innovative automotive lighting domain control unit platform, that is able to control vehicles' front lights, rear lights, and all new 360° lighting features. In the future, even more lighting algorithms could be further integrated into this light domain controller. This cutting-edge technology for lighting systems aimed at next-generation vehicles will be showcased at the upcoming Beijing International Automotive Exhibition, from April 25 to May 4, al
Read more...28 March 2024
The team at Commercial Vehicle Forum (CVF) is thrilled to announce the launch of its flagship event, scheduled to take place on 4th June 2024 at the JW Marriott in Pune. This highly anticipated conference promises to be a hub of knowledge exchange and networking opportunities. This pivotal event is poised to unite innovators, and enthusiasts from around the globe for a dynamic exploration of the latest trends and advancements in the realm of Commercial Vehicles including both On Highwa
Read more...28 March 2024
Aspinity, the leader in near-zero power AI solutions, today announced the availability of a suite of new analogML™ algorithms for parked vehicle monitoring. Aspinity also launched a new dashcam-focused evaluation kit that enables the accurate detection and recording of security events for weeks or more without impacting the vehicle’s battery or requiring an external power source. The number of sensors per car has grown rapidly as innovative automotive OEMs have implement
Read more...28 March 2024
Iteris, Inc. the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced it has been awarded a new contract by the Orange County Transportation Authority (OCTA) for an unprecedented countywide traffic signal synchronization project that will ultimately increase efficiency, safety and sustainability across the entire county. Under the terms of the $9.6 million agreement, Iteris will provide signal timing design, operations and maintena
Read more...27 March 2024
Indonesia has become a strong automotive market in the region and with over 280 million of populations, Indonesia became the champion of ASEAN for domestic sales of passenger vehicles and commercial vehicles in 2023 with a total of 1,048,040 sales. Currently, Indonesia represents approximately 33% of the overall yearly automobile sales in ASEAN. With the huge number of vehicles, the automotive aftermarket in Indonesia was expected to reach about USD 13,6 Bn by 2026. The growin
Read more...27 March 2024
While the public charging infrastructure for electric vehicles (EV)1 faces a myriad of growing pains, home charging offers a much more satisfying experience for owners, according to the J.D. Power 2024 U.S. Electric Vehicle Experience (EVX) Home Charging Study,SM released today. Overall satisfaction scores among owners in all three home charging segments2 increase year over year, led by Level 1 portable chargers (+20 points on a 1,000-point scale); Level 2 permanently mounted home chargers (+
Read more...Today Ionobell, the breakthrough silicon battery technology company, announced that they have raised a recent seed extension round of $3.9M led by Dynamo Ventures and Trucks VC bringing the total amount funding to $7.3M in seed investment fundraising. The initial equity round was led by Trucks VC, with participation from Dynamo Ventures and Alumni Ventures. Ionobell has expertise in battery material and cell development, alongside several decades of energy storage, Li-ion, and fabri
Read more...HYUNDAI TRANSYS, a leading company in future mobility, has won two awards at the "iF Design Award 2024" in Germany, one of the most prestigious international design competitions. Hosted by Germany's International Forum Design, the iF Design Award is considered one of the world's top three design competitions, alongside Germany's Red Dot Design Award and the International Design Excellence Awards (IDEA) in the United States. The competition evaluates d
Read more...RoboSense a global leader in lidar and perception solutions, today announced that its long-range, automotive-grade M3 lidar sensor won the Tech.AD Europe Award 2024, which recognizes outstanding achievements in the automotive industry. RoboSense's M3 was honored in the Sensors and LiDAR Technologies category for its lidar innovation that is powering the future of intelligent vehicles. RoboSense is a product-driven company that is hyper-focused on research and development, which
Read more...22 March 2024
BANF, a leader in smart tire technology, collaborates with CampX by Volvo Group in a Proof of Value (PoV) project, co-creating on intelligent tire safety and fuel efficiency optimization for commercial vehicles. The PoV project will run until Q2 2024. Innovating Tire Technology: BANF integrates advanced sensors and AI to revolutionize conventional tire monitoring systems, ensuring safety and performance for commercial vehicle operators. Collaborative Co-Creation w
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