Automotive Press Releases
AUBURN HILLS, Mich., March 26, 2019 /PRNewswire/ --
Linear Labs Closes $4.5 Million Seed Round to Fund Commercialization of New Electric Motor Technology
FORT WORTH, Texas, March 26, 2019 /PRNewswire/ -- Linear Labs (linearlabsinc.com), creator of the next generation of electric motors, today announces the successful closing of a $4.5 million seed round led by Science Inc. and Kindred Ventures with participation from investors Chris and Crystal Sacca, Ryan Graves of Saltwater Ventures, Dynamic Signal CEO Russ Fradin, Masergy Executive Chairman and former-CEO Chris MacFarland, as well as Ustream co-founder Dr. Gyula Feher.
BETHESDA, Md., March 26, 2019 /PRNewswire/ -- Overdue for an oil change or a brake inspection? Whatever the service, by postponing necessary maintenance, you may be causing extensive damage to your vehicle and increasing the chance of a breakdown. With National Car Care Month in April upon us, the non-profit Car Care Council suggests you stop stalling and get your vehicle serviced today.
FOUNTAIN VALLEY, Calif., March 26, 2019 /PRNewswire/ -- Genesis, the luxury automotive brand, is maintaining its position as an innovator in total vehicle satisfaction, with the introduction of the Genesis Spectrum all-inclusive leasing program. Genesis Spectrum, available through its affiliate, Genesis Finance, will be available in select markets on new, 2019 G70, G80 and G90 sedans, and includes auto insurance as part of the monthly payment.
V2X Market (Vehicle-to-Everything) Communications Ecosystem, Key Players, Opportunities, Challenges, Strategies & Forecasts 2019-2030
PUNE, India, March 26, 2019 /PRNewswire/ -- Commonly referred to as V2X, vehicle-to-everything communications technology allows vehicles to directly communicate with each other, roadside infrastructure, and other road users to deliver an array of benefits in the form of road safety, traffic efficiency, smart mobility, environmental sustainability, and driver convenience. In addition, V2X is also helping pave the way for fully autonomous driving through its unique non line-of-sight sensing capability which allows vehicles to detect potential hazards, traffic, and road conditions from longer distances and sooner than other in-vehicle sensors such as cameras, radar, and LiDAR (Light Detection and Ranging).
Innoviz Technologies Raises $132M in Series C Funding to Accelerate Solid-State LiDAR Production, Expand Team and Further R&D Efforts
ROSH HA'AYIN, Israel, March 26, 2019 /PRNewswire/ -- Innoviz Technologies, a leading provider of high-performance, solid-state LiDAR sensors and perception software, announced today that it has raised $132 million in Series C funding. The round is marked by the entrance of new major investors China Merchants Capital (SINO-BLR Industrial Investment Fund, L.P.), Shenzhen Capital Group and New Alliance Capital; and Israeli institutional investors Harel Insurance Investments and Financial Services and Phoenix Insurance Company. Given demand from additional investors, the Series C round will remain open for a second closing to be announced in the coming months.
Auto Retail Sales Off to Slowest Q1 Start Since 2013, But Demand for Higher-Priced Vehicles Remains Strong
COSTA MESA, Calif., March 26, 2019 /PRNewswire/ --
Forest River, Creative Bus Sales & Phoenix Motorcars form a partnership to rollout zero emission electric shuttle & school buses
ONTARIO, Calif., March 26, 2019 /PRNewswire/ -- Forest River Inc., Creative Bus Sales & Phoenix Motorcars have formed an alliance to jointly develop, build and distribute electric zero emission buses. As part of the agreement, Phoenix Motorcars will be the supplier of electric drivetrains for all zero emission shuttle & school buses built by Forest River on the Ford E450 chassis with the Starcraft Bus body. Creative Bus Sales will be the exclusive factory representative for the range of products sold under this agreement.
DPL Telematics Launches AssetView Mini Tracking System for Compact, Affordable, Battery Powered GPS Tracking
LOS ALTOS, Calif., March 26, 2019 /PRNewswire/ -- DPL Telematics, a leading provider of advanced asset monitoring and telemetry technologies, announced today the release of the AssetView Mini Tracking System. AssetView Mini is an advanced solution for wireless monitoring and remote tracking of any powered or unpowered asset to improve logistics, manage inventory and curb theft. The tiny, portable GPS unit is completely self-contained and may be hidden on any asset, installing in seconds.
LEXINGTON, Ky., March 26, 2019 /PRNewswire/ -- Valvoline Inc. - a leading worldwide supplier of premium branded lubricants and automotive services - announced today its franchisee, Westco Lube, Inc., has acquired a quick-lube location that is now operating as a Valvoline Instant Oil Change(SM) (VIOC) service center in Wichita, Kansas.
AUBURN HILLS, Mich., March 26, 2019 /PRNewswire/ -- The Fast Lane Truck (TFLtruck) has awarded the all-new 2019 Ram 1500 with a Gold Hitch award in the light-duty segment. The 5.7-liter HEMI®-powered Ram 1500 with eTorque mild hybrid technology bested competitors for outstanding pulling power, braking, fuel economy, comfort and handling under extreme towing conditions.
Electronic Logging Device Market Worth $16.6 Billion by 2025 - Exclusive Report by MarketsandMarkets™
CHICAGO, March 26, 2019 /PRNewswire/ -- According to the new market research report "Electronic Logging Device Market by Component (Display, Telematics unit), Form factor (Embedded, Integrated), New & Aftermarket Service (Entry Level, Intermediate, High-End), Vehicle Type (Truck, Bus, LCV), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Electronic Logging Device Market is estimated to be USD 12.5 billion in 2018 and is projected to reach USD 16.6 billion by 2025, at a CAGR of 4.13%. Growing need for operational efficiency in fleet owning organizations will play a crucial role in Electronic Logging Device Market. In addition to that, upcoming as well as existing mandates related to electronic logging device are projected to drive the Electronic Logging Device Market.
Automotive Rear View Mirror Market to Reach US$11.13 Billion by 2022, Rising Sales of SUVs to Propel Demand, Noted TMR
ALBANY, New York, March 26, 2019 /PRNewswire/ -- The global automotive rear view mirror market depicts a competitive and consolidated landscape. Some players in the automotive rear view mirror market such as Gentex Corporation, Magna International, Ficosa, Samvardhana Motherson, and Murakami hold the majority of total shares. Transparency Market Research (TMR) reports that innovation and technological advancements are key to gaining a competitive edge in the global automotive rear view mirror market.