Automotive Press Releases

Huron Capital's Drake Automotive Platform Completes Sixth Add-on
December 18, 2018

DETROIT, Dec. 18, 2018 /PRNewswire/ -- Leading lower-middle-market private equity firm Huron Capital today announced its aftermarket car accessories and restoration parts platform, Drake Automotive Group ("Drake"), has acquired Mesa, Arizona-based Addictive Desert Designs ("ADD"), a designer, manufacturer, and distributor of truck, SUV, and Jeep accessories for the off-road aftermarket. The deal marks the sixth add-on acquisition for the Drake platform since it was launched in 2016.

HAAS Alert and Zenuity announce partnership to enhance real-time ADAS and Automated Driving Systems
December 18, 2018

CHICAGO, Dec. 18, 2018 /PRNewswire/ -- HAAS Alert, a Chicago-based startup building the world's most reliable, real-time roadway hazard streaming data service, and Zenuity, a Sweden-based ADAS and automated driving (AD) software company, announced today that they have entered into a strategic partnership to enhance their respective automotive product offerings.

Subaru Celebrates Winter Adventure With Return Of Subaru Winterfest In 2019
December 18, 2018

CAMDEN, N.J., Dec. 18, 2018 /PRNewswire/ -- Subaru of America, Inc. announced today the return of Subaru WinterFest, the automaker's highly anticipated, multi-city mountain destination and lifestyle tour offering one-of-a-kind experiences for winter warriors across the country. Featuring weekend takeovers at nine of the nation's top winter resorts, the 2019 Subaru WinterFest tour combines music, adventure, food & beverage, pets and the environment to create a truly unique experience that speaks to the passion points of outdoor enthusiasts and Subaru owners alike. The automaker will implement additional green event practices this year including expanded recycling collection with TerraCycle® and waste reduction education with Leave No Trace.

Cooper Standard Announces Plans for New World Headquarters
December 18, 2018

NOVI, Mich., Dec. 18, 2018 /PRNewswire/ -- Cooper Standard (NYSE: CPS) today announced that the Company will build a new world headquarters. The new facility will be located in Northville, Mich., a short distance from Cooper Standard's current world headquarters in Novi and in close proximity to its Global Technology Center in Livonia, Mich. The project is expected to be completed in early 2020.

Goodyear to Expand the Capacity of Its Slovenian Manufacturing Facility
December 18, 2018

KRANJ, Slovenia, December 18, 2018 /PRNewswire/ --

Cota Wireless Power for Automotive in GAMIC Semifinals
December 18, 2018

BELLEVUE, Wash., Dec. 18, 2018 /PRNewswire/ -- Ossia, Inc. announced that its joint venture with Motherson Innovations, MothersonOssia, successfully presented at the Global Automotive Mobility Innovation Challenge (GAMIC) regional quarterfinals competition on December 11 and was selected to move on to the semifinals in February 2019.

TriLumina to Showcase LiDAR and 3D Sensing Illumination Modules at CES 2019
December 18, 2018

ALBUQUERQUE, N.M., Dec. 18, 2018 /PRNewswire/ -- TriLumina, the leading provider of illumination products for 3D sensing in consumer, industrial and automotive systems, will have a suite in the Westgate Hotel as well as exhibit LiDAR solutions as an ecosystem partner at the LeddarTech and Ecosystem Pavilion at the 2019 Consumer Electronics Show (CES) in Las Vegas, Nevada, held January 8 - 11, 2019. As a preferred VCSEL technology provider, the company will offer live working demos of its illumination modules and electronic, solid-state beam steering for LiDAR and 3D sensing in its suite. In addition, TriLumina will unveil for the first time its new 600W illumination module for mid to long range applications.

TriLumina to Showcase LiDAR and 3D Sensing Illumination Modules at CES 2019
December 18, 2018

Provider of solid-state, back-emitting VCSEL laser array modules will unveil new solutions for autonomous vehicle and 3D sensing markets at the annual Consumer Electronics Show

Commercial Truck Trader Offers Partner Program for Nissan Commercial Franchise Dealers
December 18, 2018

NORFOLK, Va., Dec. 18, 2018 /PRNewswire/ -- Commercial Truck Trader, the leading online marketplace for commercial vehicles, has established a relationship with Nissan Motor Company, enabling Nissan's 475 Business Certified dealers to take advantage of a special listing package when they advertise Nissan light commercial vehicles on CommercialTruckTrader.com. The package includes select preferential listing and ad placements as well as unlimited inventory listings and access to Commercial Truck Trader's Dealer Center for detailed insights into customer search activity and local and national market trends.

PerceptIn Partners with Fukuoka City Government to Launch the DragonFly Pod Autonomous Vehicle in Japan's First Key Smart City Area
December 18, 2018

FREMONT, Calif., Dec. 18, 2018 /PRNewswire/ -- PerceptIn, a world-class full-stack visual intelligence company focused on robotics, today announced a collaboration with the city government of Fukuoka to deploy its autonomous vehicle, the DragonFly Pod, at the Hakozaki area of Fukuoka.

The Drive Acquired by Flash Equity
December 18, 2018

NEW YORK, Dec. 18, 2018 /PRNewswire/ -- The Drive has been acquired by Flash Equity LLC. Launched three years ago by Time Inc., The Drive, one of the most influential automotive media platforms, with this acquisition has become the largest independent automotive media brand in the United States.

Ford Appoints Earthbound as New Licensing and Brand Extension Agency
December 18, 2018

NEW YORK, Dec. 18, 2018 /PRNewswire/ -- Earthbound, a leading product design, licensing and brand growth company, today announced a new global agreement with Ford Motor Company, the iconic automaker with legendary nameplates including F-150 and Mustang, as well as exciting new vehicle launches on the horizon in 2019 and beyond.

Valvoline Announces Opening of Fourth Company-Owned Quick-Lube Center in Greater Houston
December 18, 2018

LEXINGTON, Ky., Dec. 18, 2018 /PRNewswire/ -- Valvoline Inc. - a leading worldwide supplier of premium branded lubricants and automotive services - announced today that it has opened another new company-owned Valvoline Instant Oil Change(SM) (VIOC) service center in the Houston market.

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