Vroom Announces Pricing of Initial Public Offering

NEW YORK–(BUSINESS WIRE)–#GetAVroom–Vroom, Inc. (“Vroom”), the online automotive retailer, today announced the pricing of its initial public offering of 21,250,000 shares of its common stock at a price of $22.00 per share. Vroom has granted the underwriters a 30-day option to purchase up to an additional 3,187,500 shares of its common stock at the initial […]

Pep Boys Announces ‘Top Techs’

Service technicians are recognized for outstanding performance and showing how #TechsGoFurther PHILADELPHIA–(BUSINESS WIRE)–Pep Boys is celebrating Automotive Service Professionals Week by announcing its Top Techs, the winners of its annual tech of the year award. The Company recognizes automotive technicians annually in each of its business regions who demonstrate performance excellence, a commitment to continuous […]

Polaris Donates More Than $110,000 to Off-Road Organizations with T.R.A.I.L.S Grants

MINNEAPOLIS–(BUSINESS WIRE)–Today, Polaris Inc. (NYSE: PII), announced it donated more than $110,000 to off-road and all-terrain vehicles (ATV) organizations across the United States as part of its ongoing T.R.A.I.L.S Grant Program. The 12 nonprofit organizations that were awarded a Spring 2020 T.R.A.I.L.S grant received awards ranging from $3,500 to $10,000. The grants will support the […]

Former Navistar and General Motors Senior Executive Dennis Mooney Joins Plus.ai’s Advisory Board To Help Advance Its Commercialization Plans for Autonomous Trucks

CUPERTINO, Calif.–(BUSINESS WIRE)–Plus.ai (www.plus.ai), a leading provider of self-driving truck technology, announced today the addition of Dennis “Denny” Mooney to its Advisory Board. Mooney will leverage his decades of expertise in global product development for world-class automotive and truck manufacturers to work with the Plus.ai team to bring to market the industry’s first autonomous trucks. […]

Helios Technologies Declares Quarterly Cash Dividend of $0.09 per Share

SARASOTA, Fla.–(BUSINESS WIRE)–Helios Technologies (Nasdaq: HLIO) (“Helios” or the “Company”), a global industrial technology leader that develops and manufactures solutions for both the hydraulics and electronics markets, announced that its Board of Directors declared a quarterly cash dividend of $0.09 per common share. The dividend will be payable on July 20, 2020 to stockholders of […]

Auto Dealership Buy/Sell Market Declines 9% in First Quarter 2020, as COVID-19 Brings Activity to a Standstill After a Strong Start

According to The Blue Sky Report® by Kerrigan Advisors, the pandemic’s impact on the first and second quarter will not result in dramatic changes to blue sky values, with a buy/sell rebound projected in the second half IRVINE, Calif.–(BUSINESS WIRE)–#blueskyreport–The 2020 auto dealership buy/sell market declined in the first quarter, falling 9.3% off 2019’s transactions […]

New CDK Sign Anywhere Solution Offers Dealerships and Their Customers Secure, Quick and Convenient Remote Signing Capabilities

Volkswagen among first to fund deals in 24 hours or less with Sign Anywhere HOFFMAN ESTATES, Ill.–(BUSINESS WIRE)–CDK Global, Inc. (Nasdaq: CDK), a leading retail automotive technology company, today announced the launch of Sign Anywhere, its new remote electronic signing solution. Through the innovative remote signing capabilities of Sign Anywhere, dealers can offer customers a […]

Yutong Group to Deliver Its First Electric Bus in China to Use Silicon Carbide in Powertrain

Leading E-bus Manufacturer Partners with StarPower and Cree to Deliver Next-Generation Efficiency DURHAM, N.C.–(BUSINESS WIRE)–StarPower Semiconductor and Cree, Inc. (Nasdaq: CREE), a leader in silicon carbide semiconductors, announce that Zhengzhou Yutong Group Co., Ltd. (Yutong Group), a large-scale industrial Chinese manufacturer of commercial vehicles that specializes in electric buses, is using Cree 1200V silicon carbide […]

REV Group, Inc. Reports Fiscal 2020 Second Quarter Results

Second quarter net sales of $547.0 million compared to $615.0 million in the prior year quarter Second quarter net loss of $7.6 million compared to net income of $5.6 million in the prior year quarter Second quarter Adjusted EBITDA1 of $7.6 million compared to $36.1 million in the prior year quarter Second quarter Adjusted Net […]