Vroom Announces Appointment of Chief Operating Officer

Tom Shortt appointed in newly-created role at Vroom NEW YORK–(BUSINESS WIRE)–$VRM #Vroom–Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles (the “Company”), today announced the appointment of Thomas Shortt as Chief Operating Officer, effective January 3, 2022. Since 2018, Mr. Shortt has served as Senior Vice President at Walmart, where he […]

Rivian Releases Q3 2021 Earnings

IRVINE, Calif.–(BUSINESS WIRE)–Rivian Automotive, Inc. (NASDAQ: RIVN) has today published a letter to its shareholders containing the company’s third quarter 2021 results. The letter is available on its investor relations website (https://rivian.com/investors). Rivian will host an audio webcast to discuss the results and provide a business update at 1:30pm PT / 4:30pm ET today, December […]

Ouster to Showcase DF and OS Series Digital Lidar at CES Las Vegas 2022

Ouster management, customers, and partners to exhibit autonomy solutions for automotive, industrial, smart infrastructure, and robotics applications from January 5-8 in LVCC West Hall Booth #3843 SAN FRANCISCO–(BUSINESS WIRE)–$OUST–Ouster, Inc. (NYSE: OUST) (“Ouster” or the “Company”), a leading provider of high-resolution digital lidar sensors for the automotive, industrial, smart infrastructure, and robotics industries, announced today […]

Washington Maritime Blue Declared Finalist for $1 Billion Build Back Better Regional Challenge

Washington Maritime Blue was chosen from more than 500 nationwide applicants for initial funding and is the only finalist from Washington state to now compete for once-in-a-generation funding of up to $100 million of $1 billion in the U.S. Department of Commerce Economic Development Administration’s challenge SEATTLE–(BUSINESS WIRE)–#BuildBackBetter—Washington Maritime Blue, in partnership with 14 regional […]

Expanded Partnership Between Metropolitan, Quechan Tribe Will Conserve Colorado River Water, Help Protect Lake Mead

Land fallowing program promotes sustainability, partnership in the Colorado River Basin LAS VEGAS–(BUSINESS WIRE)–A new seasonal land fallowing program between Metropolitan Water District and the Quechan Tribe of the Fort Yuma Indian Reservation will conserve Colorado River water, making it available to Southern California cities so they can leave more water in Lake Mead, while […]

Electric Car Brand Polestar Opens Retail Location in Marin County, California

MAHWAH, N.J.–(BUSINESS WIRE)–Polestar has opened a new retail location in Corte Madera, California. Polestar Marin will offer sales, service, and test drives of the Polestar 1 electric performance hybrid GT and the Polestar 2 electric performance fastback. It will also service customers living within a 150-mile radius via a free pickup and delivery service program. […]

Forward Air Announces Largest Ever Rate Increase for Independent Contractor Drivers

GREENEVILLE, Tenn.–(BUSINESS WIRE)–Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) is executing a growth strategy that involves organic infrastructure investments, such as its ongoing LTL network expansion, as well as inorganic investments, including acquisitions of complementary businesses. Forward today announced the largest ever rate-per-mile increase to its independent contractor fleet within its less-than-truckload (“LTL”) […]

Auto Demand Levels Remain Depressed on Chip Famine Alongside Race Between Vaccine & Variants; 2022 Light Vehicle Demand Set to Post 82.4 Million (+3.7%)—as Supply Chain Shortages Limit Market Recovery, According to IHS Markit

Semiconductor shortages, and wider supply chain disruptions expected to linger until 2023 SOUTHFIELD, Mich.–(BUSINESS WIRE)–IHS Markit (NYSE: INFO), a world leader in information, analytics and solutions, forecasts new light vehicle sales of nearly 82.4 million globally in 2022, up 3.7%. IHS Markit projects the industry will finish out 2021 with nearly 79.4 million light vehicles […]

Tavant Announces Go-Live of TRACS, a Truck Registration and Claim System for Mitsubishi Logisnext Americas

The manufacturer has achieved 70% increase in claim auto processing and a unified view of claims and warranty processes across its business units SANTA CLARA, Calif.–(BUSINESS WIRE)–#claimmanagement–Tavant, Silicon Valley’s leading digital products and solutions company, today announced the rollout of TRACS, a truck registration and claim system purpose-built for Mitsubishi Logisnext Americas. The rollout of […]

Indy Autonomous Challenge Prepares to Make History at CES 2022, Hosting Autonomous Racecar Competition and Announcing Luminar as Premier Sponsor

January 3-8, 2022, Las Vegas Highlights Indy Autonomous Challenge (IAC) to host the Autonomous Challenge @ CES, Las Vegas Motor Speedway – January 7, 2022, the first high-speed, head-to-head autonomous racecar competition in history 19 universities, from 8 countries, forming 9 race teams seeking to compete IAC Dallara AV-21 racecar to be featured at CES […]