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May 2024

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Thursday, May 16, 2024

New Car Inventory Up 35%: Temporary Relief or New Normal for Consumers?

New Car Inventory Up 35%: Temporary Relief or New Normal for Consumers?

Hi Larry, According to Cars.com’s April Industry Insights <https://www.cars.com/articles/cars-commerce-april-industry-insights-report-reveals-new-car-inventory-up-35-yoy-but-remains-a-million-units-below-2019-levels-with-prices-up-30-in-the-same-time-frame-483300/>, new-car inventory levels increased by 35% comp ... Continue reading

Aptiv and Hyundai Complete Motional Ownership Restructuring

Aptiv and Hyundai Complete Motional Ownership Restructuring

DUBLIN--Aptiv PLC , a global technology company focused on making mobility safer, greener and more connected, and Hyundai Motor Group (“Hyundai”) have completed the previously announced ownership restructuring transactions of Motional AD LLC (“Motional”). As part of the ownership restructuring, Aptiv sold an 11 ... Continue reading

Asia-Pacific Electric Vehicle (EV) Charging Communication Unit Markets 2023-2024 & 2032 with Hyundai Mobis, LG Innotek, and Mitsubishi Electric Dominating - ResearchAndMarkets.com

Asia-Pacific Electric Vehicle (EV) Charging Communication Unit Markets 2023-2024 & 2032 with Hyundai Mobis, LG Innotek, and Mitsubishi Electric Dominating - ResearchAndMarkets.com

DUBLIN--The "Asia-Pacific Electric Vehicle (EV) Charging Communication Unit Market: Focus on Vehicle Type, Propulsion Type, Charging Type, Current Type, Component Type, System Type, and Country - Analysis and Forecast, 2023-2032" report has been added to ResearchAndMarkets.com's offering. The Asia-Pacific EV charging c ... Continue reading

Car Rental Market size is set to grow by USD 157.34 billion from 2024-2028, rise in vehicle ownership cost to boost the market growth, Technavio

Car Rental Market size is set to grow by USD 157.34 billion from 2024-2028, rise in vehicle ownership cost to boost the market growth, Technavio

NEW YORK, May 16, 2024 -- The global car rental market size is estimated to grow by USD 157.34 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 20.47% during the forecast period.  For more insights on the forecast market size and historic data (2018 - 2022) - Downlo ... Continue reading

Cummins Raises Long-Term Financial Targets

Cummins Raises Long-Term Financial Targets

COLUMBUS, Ind.--At a meeting with analysts and shareholders today, members of the leadership team of Cummins Inc. , shared the Company’s plans to raise its long-term financial expectations, relative to its prior Analyst Day, and deliver increasing returns to shareholders. “Two years ago, we introduced Destination Z ... Continue reading

EV Battery Recycling Market to be Worth $10.1 Billion by 2031 - Exclusive Report by Meticulous Research®

EV Battery Recycling Market to be Worth $10.1 Billion by 2031 - Exclusive Report by Meticulous Research®

REDDING, Calif., May 16, 2024 --According to a new market research report titled, 'EV Battery Recycling Market by Type (Li-ion, Ni-MH, SLA), Source (Commercial, Passenger, E-bikes), Process (Direct, Pyro, Hydro), Model (Contractual Services, Direct-to-Market), Material (Graphite, Lithium), and Geography—Global Foreca ... Continue reading

Mitsubishi Motors Announces Momentum 2030, North American Five-Year Business Plan

Mitsubishi Motors Announces Momentum 2030, North American Five-Year Business Plan

Momentum 2030 North America plan defined by four key points: Electrification will advance with a blend of powertrains – hybrid, plug-in hybrid, battery electric One new or completely refreshed vehicle to debut each year between fiscal 2026 and fiscal 2030; new vehicles to be introduced across more segments Dealer-cou ... Continue reading

New Empower research: Americans spend 2.5 hours per day dreamscrolling-- and say it motivates them to reach financial goals

New Empower research: Americans spend 2.5 hours per day dreamscrolling-- and say it motivates them to reach financial goals

Over half say looking at dream purchases makes it easier to be smart with money GREENWOOD VILLAGE, Colo., May 16, 2024 -- The average American spends nearly two and a half hours a day dreamscrolling – looking at dream purchases or things they'd like to one day own, according to new research from Empower, a leader in ... Continue reading

New Product Safety Recalls

New Product Safety Recalls

WASHINGTON, May 16, 2024 -- The CPSC announces today the following recalls are posted in cooperation with the firms listed below. Recalls can be viewed at www.cpsc.gov. ... Continue reading

SCENTAIR® ADDS TWO POPULAR ODOR-NEUTRALIZING FRAGRANCES TO ITS AUTO LINE-UP

SCENTAIR® ADDS TWO POPULAR ODOR-NEUTRALIZING FRAGRANCES TO ITS AUTO LINE-UP

Beating Odors on the Road Just Got Easier with Two New Professional Quality Auto Fragrances CHARLOTTE, N.C., May 16, 2024 -- ScentAir®, the global leader in the scent marketing industry for 30 years, is adding two popular odor-neutralizing scents - Cannabis Neutralizer and Emerald Meadows with Pet Calming Complex - to ... Continue reading

Students Across US to Hear from NASA Astronaut Aboard Space Station

Students Across US to Hear from NASA Astronaut Aboard Space Station

WASHINGTON, May 16, 2024 -- Students of a volunteer service organization will have the opportunity next week to hear from NASA astronaut Jeanette Epps aboard the International Space Station. The Earth-to-space call will stream live at 11:40 a.m. EDT on Tuesday, May 21, on NASA+, NASA Television, the NASA app, and the ... Continue reading

WATT Fuel Cell's Advanced Manufacturing Plant Expands Capacity and Capabilities as the Company Prepares for Commercial Growth

WATT Fuel Cell's Advanced Manufacturing Plant Expands Capacity and Capabilities as the Company Prepares for Commercial Growth

WATT Fuel Cell expands its U.S. additive manufacturing capabilities and footprint at its Mount Pleasant, Pennsylvania headquarters. The expansion enables increased production of the company's solid oxide fuel cell technology platforms, WATT HOME, WATT REMOTE, and WATT NOMAD, supporting market growth in distributed cle ... Continue reading

Air Products' Eric Guter, Global Vice President, Hydrogen, to Provide Keynote Address at the Advanced Clean Transportation Expo in Las Vegas on May 20

Air Products' Eric Guter, Global Vice President, Hydrogen, to Provide Keynote Address at the Advanced Clean Transportation Expo in Las Vegas on May 20

Air Products will Showcase its Hydrogen Solutions for the Heavy-Duty Trucking Industry at the Expo LEHIGH VALLEY, Pa., May 15, 2024 -- Air Products' Eric Guter, Global Vice President, Hydrogen, will provide a keynote address, titled "Preparing for a Zero-Emission Trucking Future," at 12:30 p.m. PT on Monday, May 20 at ... Continue reading

ChargePoint Announces Three Megawatt Charging Architecture to Electrify the Future of the Trucking Industry

ChargePoint Announces Three Megawatt Charging Architecture to Electrify the Future of the Trucking Industry

ChargePoint announces support for the Megawatt Charging System (MCS), the latest addition to ChargePoint’s leading DC fast charging lineup, to enable the electrification of commercial trucking. ... Continue reading

The Henry Ford Pays Tribute to the American Diner and its Leading Expert in New Exhibition

The Henry Ford Pays Tribute to the American Diner and its Leading Expert in New Exhibition

DINERMAN, opening May 25 in the new Collections Gallery located in Henry Ford Museum of American Innovation. No one has been more immersed in the origins, designs and operations of diners in America than Dick Gutman. ... Continue reading

$725M Verdict Against ExxonMobil in Landmark Benzene Cancer Case

$725M Verdict Against ExxonMobil in Landmark Benzene Cancer Case

Locks Law Firm: Philadelphia jury finds benzene in gasoline caused leukemia  PHILADELPHIA, May 15, 2024 -- Andrew DuPont of Locks Law Firm, obtained a verdict of $725.5M against ExxonMobil on behalf of Paul Gill and his wife Diane Gill in a benzene case in the Philadelphia Court of Common Pleas. Paul Gill was exposed ... Continue reading

Hydrogen Market size is set to grow by USD 92.35 bn from 2024-2028, increasing government focus on adoption of clean hydrogen to boost the market growth, Technavio

Hydrogen Market size is set to grow by USD 92.35 bn from 2024-2028, increasing government focus on adoption of clean hydrogen to boost the market growth, Technavio

NEW YORK, May 15, 2024 -- The global hydrogen market  size is estimated to grow by USD 92.35 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  7%  during the forecast period.  For more insights on the forecast market size and historic data (2018 - 2022) - Download Free sa ... Continue reading

Sodium Ion Battery Market size is set to grow by USD 414.4 mn from 2024-2028, rising demand for smart devices to boost the market growth, Technavio

Sodium Ion Battery Market size is set to grow by USD 414.4 mn from 2024-2028, rising demand for smart devices to boost the market growth, Technavio

NEW YORK, May 15, 2024 -- The global sodium ion battery market  size is estimated to grow by USD 414.4 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  17.33%  during the forecast period.  For more insights on the forecast market size and historic data (2018 - 2022) - Dow ... Continue reading

Southwest Airlines Pilots Association Applauds Passing of FAA Reauthorization Bill

Southwest Airlines Pilots Association Applauds Passing of FAA Reauthorization Bill

DALLAS, May 15, 2024 -- Today, Southwest Airlines Pilots Association (SWAPA) President Captain Casey Murray issued the following statement regarding the final passage of the bipartisan Securing Growth and Robust Leadership in American Aviation Act, which reauthorizes the Federal Aviation Administration (FAA) for five ... Continue reading

LEVC's TX Access Taxi Revolutionizes Visitor Experience at Cliveden-National Trust

LEVC's TX Access Taxi Revolutionizes Visitor Experience at Cliveden-National Trust

The new relationship involves LEVC supplying the historic estate in Buckinghamshire with a TX Access taxi to make the visitor experience more inclusive and enjoyable · The TX Access taxi, a fully wheelchair-accessible and electric vehicle, already provided significant impact to the estate over the Easter break ... Continue reading

Auto Dealer Asbury Automotive Group Increases Stock Repurchase Authorization to $400 Million

Auto Dealer Asbury Automotive Group Increases Stock Repurchase Authorization to $400 Million

DULUTH, Ga.--Asbury Automotive Group, Inc. (the “Company”), one of the largest automotive retail and service companies in the U.S., today announced its board of directors approved an increase in the authorization of the share repurchase plan for the Company, which expands the remaining availability to $400 million. ... Continue reading

EV Purchase Consideration Ebbs While Charging Concerns Continue to Grow, J.D. Power Finds

EV Purchase Consideration Ebbs While Charging Concerns Continue to Grow, J.D. Power Finds

TROY, Mich.--Consumer demand for electric vehicles (EVs) has cooled as the industry grapples with persistent growing pains, according to the J.D. Power 2024 U.S. Electric Vehicle Consideration (EVC) Study,SM released today. For the first time since the study’s inception in 2021, new-vehicle buyer consideration has dr ... Continue reading

Anovia Wheels Launches Brand-New Highball Car Wheel

Anovia Wheels Launches Brand-New Highball Car Wheel

The New five-spoke wheel features latest in brand's forward-thinking design language. WRIGHTSTOWN, Wis., May 16, 2024 -- Wrightstown-based car wheel brand Anovia Wheels has recently unveiled the newest wheel model in the brand's lineup, titled the Highball. ... Continue reading

Automotive ADAS Sensors Market size is set to grow by USD 49.15 bn from 2023-2027, progression toward autonomous vehicles to boost the market growth, Technavio

Automotive ADAS Sensors Market size is set to grow by USD 49.15 bn from 2023-2027, progression toward autonomous vehicles to boost the market growth, Technavio

NEW YORK, May 16, 2024 -- The global automotive adas sensors market  size is estimated to grow by USD 49.15 bn from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of  23.33%  during the forecast period.  For more insights on the forecast market size and historic data (2017 - 2021) - ... Continue reading

Submarine Market size is set to grow by USD 8.99 bn from 2023-2027, fleet replacement programs to boost the market growth, Technavio

Submarine Market size is set to grow by USD 8.99 bn from 2023-2027, fleet replacement programs to boost the market growth, Technavio

NEW YORK, May 16, 2024 -- The global submarine market  size is estimated to grow by USD 8990.05 mn from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of over 5.45%  during the forecast period.  For more insights on the forecast market size and historic data (2017 - 2021) - Downloa ... Continue reading

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