Allison Transmission Declares Quarterly Dividend

INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission Holdings Inc. (NYSE: ALSN) today announced that its Board of Directors has declared a cash dividend of $0.19 per share on the Company’s common stock for the third quarter of 2021. Payment will be made on August 27, 2021, to stockholders of record at the close of business on August 16, 2021. […]

ZT Corporate Enforces Mandatory Vaccination Program in Corporate Offices

The company and its healthcare portfolio brands have been at the forefront of the COVID-19 recovery process HOUSTON–(BUSINESS WIRE)–ZT Corporate, a private equity firm that specializes in healthcare and automotive investments, announced today that as of Tuesday, August 3rd, the company enforced a mandatory vaccine mandate amongst its employees. The mandate pertains to all affiliated […]

Romeo Power Announces Susan Brennan as New President and Chief Executive Officer

 Longtime Manufacturing and Technology Executive in the Automotive and Energy Solutions Industries to Lead Next Chapter of Romeo’s Growth LOS ANGELES–(BUSINESS WIRE)–Romeo Power (NYSE: RMO) (“Romeo Power” or the “Company”) today announced that its Board of Directors (the “Board”) appointed Susan Brennan as President and Chief Executive Officer, effective as of August 16, 2021. Ms. […]

Generational Equity Advises Central Lube & Wash in its Sale to Strickland Brothers

DALLAS–(BUSINESS WIRE)–Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Central Lube & Wash to Strickland Brothers. The acquisition closed July 21, 2021. Central Lube & Wash is comprised of two separate auto repair shops: Sco Mar LLC d/b/a Central Lube & Wash […]

Carputty Raises $7.2 Million to Simplify Car Financing

Powerful platform puts owners in the driver’s seat to disrupt the automobile financing industry ATLANTA–(BUSINESS WIRE)–Carputty, the premier direct lender re-engineering the car financing business with transparency and consumer control, today announces it has raised $7.2 million in a seed round led by Kickstart Fund, which contributed $3 million. The funding round also includes a […]

Rice Acquisition Corp. II Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing August 6, 2021

CARNEGIE, Pa.–(BUSINESS WIRE)–Rice Acquisition Corp. II (NYSE: RONI U) (the “Company”) announced that, commencing August 6, 2021, holders of the units sold in the Company’s initial public offering may elect to separately trade the Class A ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units […]

Vontier Reports Second Quarter 2021 Results

RALEIGH, N.C.–(BUSINESS WIRE)–Vontier Corporation (“Vontier”) (NYSE: VNT) today announced results for the second quarter 2021. For the second quarter ended July 2, 2021, net earnings were $82.3 million and adjusted net earnings were $104.4 million. For the second quarter ended July 2, 2021, diluted net earnings per share were $0.48 and adjusted diluted net earnings […]

EV/AV Report: August 9, 2021

Toronto, Ontario – In this week’s electric and autonomous vehicle report, U.S. President Biden commits to EVs making up half of all auto sales by decades end, All EV Canada opens four new stores on the east coast and the Canadian government has announced the start of #EVWeekinCanada. Words to A-Biden By U.S. President Joe […]

Fine Fellows: Dr. Carmen Flosbach and Dr. Michael Koerner named Axalta Fellows

Philadelphia, Pennsylvania — Axalta has announced that Dr. Carmen Flosbach and Dr. Michael Koerner have been elevated to the status of Axalta Fellow, in a press release from last Wednesday. Axalta Fellow is the highest honour that a scientist or engineer can earn within Axalta’s Technology function. Dr. Flosbach has been an innovator throughout the […]

Horsepower for Hope: Car lovers raise $540,000 for cancer

Edmonton, Alberta — A group of car enthusiasts raised $540,000 for the Kids with Cancer Society at a recent car rally in Edmonton. The yearly event, called July Afterburner Rally is organized by Horsepower for Hope, a group of car lovers, who use their passion for automobiles to raise money for the Kids with Cancer […]