Vontier Announces Pricing of Private Offering of $1.6 Billion of Senior Notes

RALEIGH, N.C.–(BUSINESS WIRE)–Vontier Corporation (“Vontier”) (NYSE: VNT), announced today the pricing of its previously announced private offering of $500 million aggregate principal amount of 1.800% senior notes due 2026 (the “2026 notes”), $500 million aggregate principal amount of 2.400% senior notes due 2028 (the “2028 notes”), and $600 million aggregate principal amount of 2.950% senior […]

Vroom Reports Fourth Quarter and FY 2020 Results

Vroom Delivers Record Ecommerce Units and Gross Profit Quarterly and FY 2020 Ecommerce Unit Sales Up 74% and 82% YoY, respectively Quarterly and FY 2020 Ecommerce Gross Profit Up 95% and 89% YoY, respectively NEW YORK–(BUSINESS WIRE)–#GetAVroom–Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the […]

XPeng Launches New LFP-Battery Powered Vehicles, Expanding Product Offering for Diversified Customer Needs

GUANGZHOU, China–(BUSINESS WIRE)–$XPEV #EV–XPeng Inc. (“XPeng” or the “Company”, NYSE: XPEV), a leading Chinese smart electric vehicle (“Smart EV”) company, today expanded its product offering by launching three new vehicle versions powered by lithium iron phosphate (LFP) batteries for the Chinese market. The three new LFP-battery powered cars, including the rear-wheel drive (RWD) P7 Standard […]

NowLake, a New Fintech Company Formed from Westlake and Nowcom, Announces a Strategic Partnership with National Digital Dealership, Carsfast

LOS ANGELES–(BUSINESS WIRE)–#autoprequalification–NowLake Technology, LLC announces a strategic partnership with Carsfast to enable consumers to buy and finance vehicles through SMS chat bots. Car shoppers will now be able to get a pre-qualification with Westlake Financial and search for cars that fit their payment and amount financed loan criteria through Carsfast’s SMS technology. “The technology […]

Indian Motorcycle’s New 2021 Chieftain Elite Combines Unmatched Power With Bold, Custom-inspired Styling

America’s First Motorcycle Company Celebrates its 120-Year Anniversary with an Ultra-Exclusive Run of Only 120 MINNEAPOLIS–(BUSINESS WIRE)–Indian Motorcycle, America’s First Motorcycle Company, today unveiled the latest in its “Elite” lineup of ultra-premium, limited edition motorcycles with the 2021 Chieftain Elite. Combining unmatched power with bold, custom-inspired styling, the 2021 Chieftain Elite was designed for riders […]

Crystal Group Brings Rugged Autonomous Vehicle Compute Solutions to the Edge

HIAWATHA, Iowa–(BUSINESS WIRE)–#AI—Crystal Group, Inc., a leading designer and manufacturer of rugged computer and electronic hardware, announced it is working with trucking companies—including TuSimple, the world’s largest and most advanced self-driving truck company—and robotics developers to accelerate the seamless AI-enabled performance of autonomous trucks and heavy construction machinery in demanding environments. Built to ensure seamless […]

KBRA Assigns Preliminary Ratings to GLS Auto Receivables Issuer Trust 2021-1

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to five classes of notes issued by GLS Auto Receivables Issuer Trust 2021-1 (“GCAR 2021-1”), an asset-backed securitization collateralized by a pool of auto loans. GCAR 2021-1 will issue five classes of notes totaling $315.34 million. The transaction features a sequential payment structure where principal […]

BAE Systems to Deliver First Zero Emission Propulsion Systems on Public Buses in Vancouver

ENDICOTT, N.Y.–(BUSINESS WIRE)–Fifteen public buses in Vancouver, Canada, will be fitted with BAE Systems’ all-electric propulsion system, allowing them to run free of emissions. The fleet is the first in North America to benefit from the next-generation Series-EV zero emission technology. Series-EV eliminates the need for traditional combustion engines through the use of electric motors, […]

HGreg.com Confirms Opening of Regional Fulfillment Center, Dealership in Tampa Bay Area

TAMPA, Fla.–(BUSINESS WIRE)–HGreg.com, one of the fastest growing automotive groups in North America, has found a new home in the Tampa Bay Area. Scheduled to open this spring, the new 10-acre property in Brandon will allow HGreg.com to expand its service offering, both digital and onsite, to car buyers throughout Central and West Coast Florida […]