Group 1 Automotive, Inc. an international Fortune 300 automotive retailer with 200 dealerships located in the U.S. and U.K., today announced the acquisition of Newport Lexus and Tustin Lexus, two high performing Lexus dealerships in Orange County, California.  The dealerships are expected to generate $350 million in annual revenues bringing 2024 year-to-date total acquired revenues for Group 1 to $850 million, which follows $1.1 billion of acquired revenues in 2023. The Company

Karma Automotive, a Southern California ultra-luxury vehicle manufacturer, has acquired the technology assets and IP of Seattle, Wash., -based Airbiquity. Karma has also hired key technical employees and assumed the software company's significant OEM contracts. The acquisition provides Karma with Airbiquity's software product portfolio that has evolved over more than two decades to deliver connected vehicle solutions spanning over-the-air (OTA) updates, software development

Governor Brian P. Kemp, First Lady Marty A. Kemp, along with president and global COO of Hyundai Motor Company and president and CEO of Hyundai and Genesis Motor North America José Muñoz celebrated Hyundai Motor Group's (HMG) positive impact on the State of Georgia. At the event, Hyundai Motor Group Metaplant America (HMGMA) revealed that the official start of production has accelerated to the fourth quarter of 2024 with the grand opening celebration targeted for the first q

Clean Energy Fuels Corp. announced the opening of two new fueling stations that offer heavy-duty truck and other fleet vehicles renewable natural gas (RNG), one of the only fuels that receives a carbon-negative rating. A station in North Fort Worth, near Alliance and DFW airports, and another in South Dallas close to I-45, I-35 and I-20, are strategically located near dozens of distribution centers and allow trucks to take advantage of a fuel that provides similar convenience as diesel, yet i

Cisco and TELUS today announced they are launching new 5G capabilities in North America to serve IoT use cases across industry verticals, with a focus on connected cars. The network will serve as a foundation to support drive testing by a major North American automotive manufacturer's 5G Connected Car, while setting the stage for enhanced experiences for customers and revenue opportunities for carmakers. With these enhanced capabilities, TELUS Control Center powered by Cisco can

Open Lending Corporation an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today released data on automotive financing access for consumers with an Individual Taxpayer Identification Number (“ITIN”), a federal tax identification number that can be used to access financial services. Nonresident and resident aliens, regardless of immigration status, are issued ITINs for the purposes of filing taxes with the IRS. Support

Cyngn Inc. today announced results from its customer deployment with U.S. Continental. With a sprawling 100,000-square-foot factory, USC stands as a leading private label leather and fabric care company. USC has become the trusted partner for leading brands like Michael Kors, Birkenstock, and Monster Energy that seek top-tier commercial packaging and private label care product services. USC has enjoyed tremendous growth over the three decades it's been in business. In that time, the compa

AIR, creator of eVTOLs for the consumer market, today announced its partnership with Nidec Motor Corporation, a leading manufacturer of commercial, industrial, and appliance motors and controls, to develop the motor for the production model of AIR's two-seater eVTOL (electric vertical takeoff and landing) aircraft, AIR ONE. The two companies will design and develop a motor specifically for mid-sized eVTOL aircraft, ultimately filling a void in the burgeoning AAM (advanced air mobility) in

Cloyes Gear & Products, Inc. the global leader and designer of mission-critical timing drive systems and components for the automotive aftermarket, today announced the acquisition of Denton, TX based Automotive Tensioners, Inc. (“ATI”), a leading front-end accessory drive pulley and tensioner supplier to the automotive aftermarket. This acquisition marks Cloyes’ second acquisition in the past four months and further strengthens the platform’s value proposition to r

Automotive cybersecurity company AUTOCRYPT announced the launch of AutoCrypt CSTP, a comprehensive cybersecurity testing platform that enables integrated cybersecurity testing for vehicle type approval, in compliance with UNECE's Regulations 155/156 and SAC's GB and GB/T standards. As UN R155 and R156 take full effect on all vehicles beginning July 2024, automotive OEMs and vehicle inspection centers will be obligated to conduct cybersecurity testing and validations based on

Standard Motor Products, Inc., a leading automotive parts manufacturer and distributor, is scheduled to report its earnings for the three months and twelve months ended December 31, 2023, before the market opens on Thursday, February 22, 2024. Conference Call Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Thursday, February 22, 2024. This call will be webcast and can be accessed on the Investor Relations page of our

Hanon Systems, a leading global automotive thermal management supplier for electrified mobility, today reaffirms its commitment to build a clean energy future through innovative electric vehicle (EV) solutions such as its industry-leading heat pump systems and components. EV driving range continues to be a concern among consumers and automakers alike, particularly in winter conditions. The challenge surrounds the amount of battery energy required to heat the cabin for occupant comfo

On February 16, DriveSmart, a vehicle service contract administrator, announced the launch of their first mobile app, GoDriveSmart, for iOS and Android devices. The development of the GoDriveSmart app is a space to access all the perks from their vehicle service contract all in one space. The app is designed to make it a simple process for customers to easily access 24/7 roadside assistance. It also offers a map view of in-network repair facilities which allows customers to be able

BTC POWER is thrilled to announce its participation in the 2024 Western Petroleum Marketers Association (WPMA) Expo, scheduled to take place on February 20-22nd, 2024 at the Mirage Hotel Expo Center in Las Vegas, NV. As an industry leader, we are excited to showcase our latest innovations in the Gen4 product line, a cutting-edge technology that is a perfect option for the petroleum space. The Gen4 line stands for a significant advancement in EV Charging offering simultaneous DC Fast

Tenet Energy Inc. a climate financial technology platform to accelerate America’s sustainable energy transition, starting with electric vehicles, announced today that the U.S. Department of Energy (“DOE”) has invited the Company to submit the Part II loan application under the DOE Title 17 program for Tenet’s EV Auto Lending project. “Being invited to Part II of the DOE loan application is a critical next step within Tenet’s vision to build the fi