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PPG and Tasca Racing extend partnership into 2024 drag racing season

PPG FORD DARK HORSE NITRO MUSTANG Funny Car to appear in four events this year STRONGSVILLE, Ohio–(BUSINESS WIRE)–PPG (NYSE: PPG) today announced that it has extended its sponsorship of the Tasca Racing team for the 2024 season. The eye-catching PPG Nitro Funny Car will be on the track for three NATIONAL HOT ROD ASSOCIATION® (NHRA®) […]

onsemi Reports Fourth Quarter and Full Year 2023 Earnings

Record automotive revenue in 2023 increased 29% year-over-year SCOTTSDALE, Ariz.–(BUSINESS WIRE)–onsemi (the “Company”) (Nasdaq: ON) today announced its fourth quarter and fiscal year 2023 results with the following highlights: Fourth quarter revenue of $2,018.1 million Fourth quarter GAAP and non-GAAP gross margin of 46.7% GAAP operating margin and non-GAAP operating margin of 30.3% and 31.6%, […]

BTG Positioning and GPR sign a multi-year, $40MM contract to supply advanced positioning technology for automated ports.

OUD-BEIJERLAND, Netherlands & SOMERVILLE, Mass.–(BUSINESS WIRE)–BTG Positioning Systems, a leading supplier of absolute positioning measurement systems for container terminals, and GPR Ground Positioning Radar, a leader in advanced positioning technology, announce a strategic collaboration to bring a next-generation positioning system to seaports. Seaports, which handle an estimated 80% of global trade, represent a complex and […]

AtoB Announces New Global Fuel Card Partnership With Mastercard

The new agreement with Mastercard will accelerate AtoB’s mission to deliver superior customer value to its small business transportation operators, including faster payments, security features, and more SAN FRANCISCO–(BUSINESS WIRE)–AtoB, the fintech payments platform modernizing the trucking industry’s financial system, today announced a new partnership with Mastercard making them the exclusive payments network for AtoB’s […]

Tuesday Ticker: Stellantis shuts down merger speculation; EV automakers continue to drop

Toronto, Ontario ⁠— In this weekly automotive economics report, Stellantis shuts down merger rumours, while EV stocks continue to slip, keeping up with the 2024-thus-far trend. Stellantis slices down rumours Stellantis chairman John Elkann has commented on press speculation that the automaker was considering a merger with French OEM Renault, saying there is “no plan […]

CCCR presents Time Study results at in-person event; video

Toronto, Ontario — At its recent in-person meeting, the Canadian Council of Collision Repairers (CCCR) highlighted findings from a Time Study initiated last fall, focusing on the administrative burdens within facilities and their effects on overall operations. “At the heart of this study, we wanted to open [our] eyes to see where the real value […]

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