Faraday Future Appoints Industry Veteran Xuefeng (“Chris”) Chen as CEO of FF China to Solidify US-China Dual Home Market Strategy

LOS ANGELES–(BUSINESS WIRE)–Faraday Future (“FF” or “Faraday Future”), a California-based global shared intelligent mobility ecosystem company, today announced that Mr. Xuefeng (“Chris”) Chen has officially joined FF as the CEO of FF China and will report directly to Carsten Breitfeld, FF Global CEO. Chen will oversee all FF China related businesses, including project implementation, production […]

 PatSnap Secures $300 Million in Series E Funding to Change the Way the World Innovates

 PatSnap prepares for the next phase of growth to further scale the adoption of its innovation intelligence platform, which powers R&D and IP teams developing and commercializing the world’s most innovative products TORONTO & LONDON–(BUSINESS WIRE)–#AI—PatSnap, a global leader in Innovation Intelligence, today announced it has secured USD$300 million in Series E funding. The investment […]

LKQ Corporation and Its Elitek® Vehicle Services Division Expand Its Mobile Diagnostics Footprint With the Acquisition of Greenlight Automotive

CHICAGO–(BUSINESS WIRE)–LKQ Corporation today announced that it is acquiring Greenlight Automotive (“Greenlight”), a Nebraska-based automotive mobile diagnostic services business. Initially, until all systems are converted, Greenlight will continue to operate under its current branding. By year end, Greenlight will officially migrate to Elitek® Vehicle Services (“Elitek”) branding. Through Greenlight, Elitek continues to expand its national […]

Insight LiDAR Enhances its Long Range FMCW LiDAR Offering

New Sensor Enables Lowest Cost, High Resolution 360 Degree Coverage BOULDER, Colo.–(BUSINESS WIRE)–Insight LiDAR, a global leader in Frequency Modulated Continuous Wave (FMCW) LiDAR sensors on a chip, has announced the latest version of its high resolution, long-range FMCW lidar sensor for the automotive market. The new Insight 400 compliments the company’s flagship Insight 1600, […]

Humanetics and Foretellix Bridge the Gap Between Virtual and Physical Test Flows for ADAS and ADS

Joint Live Demonstration at AAA Northern California’s GoMentum Station is Planned for May 2021, Displaying a Complete Virtual and Physical Verification and Validation Flow FARMINGTON HILLS, Mich. & TEL AVIV, Israel–(BUSINESS WIRE)–#adas–Humanetics, one of the world’s leading providers of active safety testing equipment and services, and Foretellix, a leading provider of Verification & Validation (V&V) […]

Wejo Appoints John Maxwell as Chief Financial Officer

Leadership team changes happen as existing CFO Barry Nightingale announces his retirement plans for 2022 and company prepares for continued growth MANCHESTER, England & DETROIT–(BUSINESS WIRE)–Wejo, the leader in connected vehicle data, today announced that Chief Financial Officer Barry Nightingale is planning to retire and John Maxwell has been appointed his successor in the role. […]

Off Lease Only’s New Bradenton Location is Open for Business

Edmunds Five Star Dealer Award Winner for Exceptional Customer Service Brings Transparent, Hassle-Free Car Buying to Bradenton No Negotiating, No Haggling and No Hidden Fees WEST PALM BEACH, Fla.–(BUSINESS WIRE)–Off Lease Only LLC, one of the largest privately-owned, independent used-car dealership groups in the United States, today announced that its new location in Bradenton, Florida […]

Monarch Tractor Closes $20 Million Series A With Global Partners

Company accelerates global deployment to meet growing demand for sustainable farming operations LIVERMORE, Calif.–(BUSINESS WIRE)–Monarch Tractor, the world’s first fully electric, driver-optional, smart tractor manufacturer, announced the closing of its $20 million Series A funding round. The round includes global industrial equipment manufacturers, automotive suppliers, venture capital, and impact capital. The new investors will support […]

Classic Recreations Announces High-Performance Ford Bronco Restomod Production Line

The reimagined Ford Bronco features a modern drivetrain, components and amenities while maintaining the classic 4×4 styling of the original that the world has come to know and love DALLAS–(BUSINESS WIRE)–Classic Recreations, the iconic builder of high-performance custom vehicles, including Shelby continuation cars, has announced a production line of early model Ford Bronco restomods. The […]