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News By Topic: Corporate News

Volvo Trucks receives record order for electric trucks

Volvo Trucks receives record order for electric trucks

GÖTEBORG, Sweden, Oct. 6, 2021 -- Volvo Trucks has received an order for 100 Volvo FM Electric trucks from DFDS, Northern Europe's largest shipping and logistics company. ... Continue reading

Damon Motors to Manufacture HyperSport Motorcycles in Vancouver, BC

Damon Motors to Manufacture HyperSport Motorcycles in Vancouver, BC

The state-of-the-art, 110,000 square foot facility, being developed in partnership with Bosa Properties, will serve as ground zero for production of Damon’s flagship HyperSport, the world’s smartest, safest, fully electric motorcycle. Details will be revealed at a special kickoff ceremony on October 5, 10 a.m.–12 ... Continue reading

Investors Take Dealer Software Maker Tekion's Value to $3.5 Billion

Investors Take Dealer Software Maker Tekion's Value to $3.5 Billion

Tekion, innovator of the Automotive Retail Cloud™ (ARC), the first and fastest end-to-end cloud-native automotive SaaS platform, today announced a Series D financing round of $250 million, driving Tekion’s valuation to $3.5 billion. The funding round was led by Alkeon Capital and co-led by Durable Capital. ... Continue reading

All Star Auto Lights Announces Expansion into Wheel Sector with Acquisitions Of Jante Wheel and Perfection Wheel

All Star Auto Lights Announces Expansion into Wheel Sector with Acquisitions Of Jante Wheel and Perfection Wheel

ORLANDO, Fla., Oct. 5, 2021 -- All Star Auto Lights, a specialty distributor of alternative automotive lighting parts and a portfolio company of Atlantic Street Capital, announced today its expansion into the remanufactured and aftermarket wheel category with the acquisitions of Jante Wheel and Perfection Wheel. ... Continue reading

Breakthrough New CPY500™ Series Canopy Luminaire Turns Fuel Islands into Customer-Preferred Destinations

Breakthrough New CPY500™ Series Canopy Luminaire Turns Fuel Islands into Customer-Preferred Destinations

Cree Lighting today announced an all new canopy lighting solution, the CPY500™ Series. With a modern, innovative design, this fixture provides fuel islands and commercial canopies with category-leading levels of curb appeal, visual comfort, energy efficiency and customer attraction. ... Continue reading

Consumers Rate BMW, Audi, and Toyota Most Trustworthy Auto Brands in the U.S. Data Trust Index Survey

Consumers Rate BMW, Audi, and Toyota Most Trustworthy Auto Brands in the U.S. Data Trust Index Survey

NEW YORK, Oct. 5, 2021 -- BMW has been rated the automotive brand digitally savvy American consumers ages 18-49 with household incomes above $75k trust most to share their personal data. ... Continue reading

Sonic Automotive Names Industry Veteran as Chief Marketing Officer for EchoPark Automotive

Sonic Automotive Names Industry Veteran as Chief Marketing Officer for EchoPark Automotive

Dino Bernacchi as Chief Marketing Officer of EchoPark Automotive, the Company’s growing nationwide pre-owned vehicle segment, effective October 4, 2021. Bernacchi joins EchoPark Automotive after most recently serving as the Senior Vice President of Marketing for the Cleveland Browns NFL franchise. ... Continue reading

So Much For Classified Secrets - Lockheed Martin Brags About Opening Intelligent, Advanced Hypersonic Strike Production Facility

So Much For Classified Secrets - Lockheed Martin Brags About Opening Intelligent, Advanced Hypersonic Strike Production Facility

COURTLAND, Ala., Oct. 4, 2021 -- Lockheed Martin is breaking barriers in hypersonic technology, adding to its world-class portfolio another milestone with the grand opening of an advanced production facility in Courtland, Alabama, focused on hypersonic strike production. ... Continue reading

Automotive Lifestyle Brand Chemical Guys Heads Down Under With Retail Launch In The Largest Australian Auto Specialty Retailer

Automotive Lifestyle Brand Chemical Guys Heads Down Under With Retail Launch In The Largest Australian Auto Specialty Retailer

LOS ANGELES, Oct. 4, 2021 -- Chemical Guys, the leading lifestyle brand for automotive detailing enthusiasts and professionals, continues to expand its global reach through a retail launch with Supercheap Auto, Australia's leading auto spares, parts and accessories retailer. ... Continue reading

Mazda Reports September Sales Results

Mazda Reports September Sales Results

IRVINE, Calif., Oct. 1, 2021 -- Mazda North American Operations (MNAO) today reported total September sales of 24,045 vehicles, a decrease of 0.8 percent compared to September 2020. ... Continue reading

Toyota News; Toyota Motor North America Reports U.S. September and Third Quarter 2021 Sales Results

Toyota News; Toyota Motor North America Reports U.S. September and Third Quarter 2021 Sales Results

PLANO, Texas, Oct. 1, 2021 -- Toyota Motor North America (TMNA) today reported U.S. September 2021 sales of 152,916 vehicles, a decrease of 22.4 percent on a volume and daily selling rate (DSR) basis versus September 2020. ... Continue reading

Tesla Q3 2021 Vehicle Production & Deliveries

Tesla Q3 2021 Vehicle Production & Deliveries

AUSTIN, Texas--In the third quarter, we produced approximately 238,000 vehicles and delivered over 240,000 vehicles. We would like to thank our customers for their patience as we work through global supply chain and logistics challenges. ... Continue reading

Mazda Toyota Manufacturing comienza la producción del Toyota Corolla Cross 2022

Mazda Toyota Manufacturing comienza la producción del Toyota Corolla Cross 2022

HUNTSVILLE, Alabama, 30 de septiembre de 2021-- Con la opresión de un botón y un motor que cobra vida, Mazda Toyota Manufacturing (MTM) y sus más de 2,000 miembros del equipo celebraron el inicio de la producción del nuevo Corolla Cross 2022. MTM, la única instalación norteamericana que fabrica el Corolla Cross, ... Continue reading

Auto Dealer News: New Car Dealers In Jeopardy; China's Evolving Automobile Sales Model

Auto Dealer News: New Car Dealers In Jeopardy; China's Evolving Automobile Sales Model

SHANGHAI, Oct. 1, 2021 -- Cango Inc. ("Cango" or the "Company") is issuing a bi-monthly industry insight publication called "CANGO Auto View" to bring readers, drivers and passengers up to speed on the automobile market's emerging trends. ... Continue reading

Fisker Inc. to Establish Specialty Engineering Division in United Kingdom; David King to Run New Operation

Fisker Inc. to Establish Specialty Engineering Division in United Kingdom; David King to Run New Operation

The Fisker Magic Works, its UK-based specialty vehicle engineering and development division. Highly respected industry veteran, David King, will lead the new division as senior vice president of engineering. ... Continue reading

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