Lendbuzz Named a 2023 Emerging 8 Award Winner

AI-based fintech company is revolutionizing the auto finance space RALEIGH, N.C.–(BUSINESS WIRE)– “We are thrilled to recognize and celebrate the accomplishments of Lendbuzz, one of this year’s honorees who are setting new standards for excellence through technology in the automotive industry,” said Bill Zadeits, President of Cherokee Media Group. “The Emerging 8 award program was […]

EIN and the DriveH2 Movement Roll Up to Sonic Desert Party at Coachella

LOS ANGELES–(BUSINESS WIRE)–#Cocacola–A gathering of influencers, luminaries and thought leaders convened at the “Sonic Desert” party at Coachella this weekend. Attendees got a glimpse of the future of zero emission transportation thanks to the DriveH2 campaign, a public service initiative by environmental nonprofit EIN and its message of a hydrogen powered future. Sonic Desert, a […]

Wireless Power Consortium Approves Release of the Qi2 Standard

Critical Milestone Achieved in Launch of New Industry Standard for Wireless Charging SCOTTSDALE, Ariz.–(BUSINESS WIRE)–The Wireless Power Consortium (WPC) has released the Qi2 standard with the approval of the Qi v. 2.0 Interface Specification by its Board of Directors. The release of the standard paves the way for WPC to establish it Qi2 Certification Program, […]

VicOne Invests in Fellow Innovator in Automotive Cybersecurity, Block Harbor

Pairing Complementary Strengths, VicOne and Block Harbor Poised to Offer Industry’s Most Comprehensive Cybersecurity Solution From Concept, Development to Production for Auto Ecosystem DALLAS & TAIPEI, Taiwan–(BUSINESS WIRE)– “As one of the true pioneers of automotive cybersecurity engineering, Block Harbor is widely respected across the global automotive industry as a forward-thinking innovator in the space,” […]

Carvana Co. Announces Extension of Private Exchange Offers, Increase in Exchange Consideration Relating to Existing 2025 Notes and Extension of Early Exchange Premium

PHOENIX–(BUSINESS WIRE)–Carvana Co. (NYSE: CVNA) (“Carvana” or the “Company”), the leading e-commerce platform for buying and selling used cars, today announced that it has extended the expiration date for each of its previously announced offers to exchange (each an “Exchange Offer” and, collectively, the “Exchange Offers”) its outstanding existing notes listed below (the “Existing Notes”) […]

Aftermarket Strong: DesRosiers reports 5.6 percent repair price increase in 2022; says aftermarket in for ‘another strong year’

Toronto, Ontario — DesRosiers Automotive Consultants (DAC) has released its latest Automotive Aftermarket scorecard, reporting increased repair costs and increased retail sales figures to auto parts in 2022, as well as expectations for “strong [aftermarket] growth” in 2023. With parts shortages “widespread throughout the year,” writes DAC, the customer price index for passenger vehicle maintenance […]

Community Service: CARSTAR Campbellford donates $2k to Campbellford Memorial Hospital

Hamilton, Ontario – CARSTAR Campbellford has made a $2,000 contribution to the Campbellford Memorial Hospital Foundation, with shop leadership connecting with members of the Campbellford Memorial Hospital Foundation at a cheque presentation ceremony. According to a company press release, this donation will support the hospital by funding purchases of necessary medical equipment, as well as […]

AI-Powered Production: CSN Elite releases collision repair ‘documentary’, written by ChatGPT and narrated by speech synthesizer

North Vancouver, British Columbia  – We ran a recent survey asking readers if they understood the applications of artificial intelligence (AI) in the bodyshop. The results indicated that most have a fairly limited understanding of how AI and collision centres work together. But Connor Jameson, operations manager at Vancouver’s CSN Elite and Elite Express, just […]