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ComEd Announces Elmhurst Substation Expansion Project to Power Regional Economic Growth

Upgrades support future energy needs and electricity capacity growth for homes and businesses in DuPage County and northern Illinois CHICAGO–(BUSINESS WIRE)–ComEd today announced the expansion of its 345,000-volt (345 kV) Elmhurst transmission substation, a critical infrastructure investment that will prepare the region for future power needs and increase resiliency of the transmission system. Construction is […]

April 11, 2024

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Invisible Urban Charging Partners With CBRE to Target Adding 1 Million EV Chargers Across the US

NEW YORK–(BUSINESS WIRE)–Invisible Urban Charging (IUC), a pioneer in charging-as-a-service solutions, announced today that it has entered into an agreement with CBRE Group, Inc., the world’s largest commercial real estate services and investment company, to support a nationwide rollout of electric vehicle (EV) charging stations. Working with CBRE, IUC is targeting the deployment of one […]

April 11, 2024

Hayden AI Launches Double Parking Enforcement Solution for Road Safety and Public Transit

Bus-mounted technology improves road safety and public transit performance by changing driver behavior to stop roadway hazards caused by double parking SAN FRANCISCO–(BUSINESS WIRE)–Hayden AI, a global leader in vision AI and spatial analytics, today announced a new product for its vision AI platform: automated double parking enforcement. Utilizing the same hardware and AI technology […]

April 11, 2024

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Holley Performance Brands Expands Sales Organization, Appoints Chet Baker Senior Vice President of Sales

Baker is a proven leader who will help strengthen the company’s customer focus in key vertical groupings BOWLING GREEN, Ky.–(BUSINESS WIRE)– As Senior Vice President of Sales, Baker will lead the company’s sales team, developing and executing strategies to drive growth across Holley’s iconic portfolio of brands. In addition to setting the sales strategy, he […]

April 11, 2024

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Carrar Raises $5.3 Million to Deliver Commercial Battery Modules for Electric Vehicles that Triple Battery Lifetime

Patented internal two-phase immersion cooling and heating extend EV battery life by 3X, enable ultrafast charging, and prevent battery fires New investors Salida B.V., OurCrowd, and NextGear Ventures join current investors Gentherm, Next Leap Ventures, Dive Digital, and others Global EV battery thermal management system market estimated at $2.9B in 2022, expected to grow to […]

April 10, 2024

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Holley Ordered to Disgorge $2 Million in Ill-Gotten Profits

WARREN, Mich.–(BUSINESS WIRE)–On March 27, 2024, the United States District Court in the Western District of Kentucky (Bowling Green) issued a judgment stating that Holley Performance Products, Inc. (NYSE: HLLY, Bowling Green, KY) SHALL DISGORGE to Specialty Auto Parts U.S.A., Inc. (Warren, MI) the $2,028,264.19 in net profit it derived from its sales of Aluminum […]

April 10, 2024

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Global Transparent Plastics Market Set to Skyrocket to $189.24 Billion by 2028: Innovations in Recycling and Rise of Electric Vehicles Fuels Demand – Long-term Forecast to 2032 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The The global transparent plastics market is observing a remarkable growth trajectory and is expected to ascend from $133.79 billion in 2023 to an estimated value of $189.24 billion by 2028. This represents a compound annual growth rate (CAGR) of 7.2% over the forecast period. Key factors stimulating this growth include an uptick in […]

April 10, 2024

Fenix Parts Completes Acquisition of Neal Auto Parts

HURST, Texas–(BUSINESS WIRE)–Fenix Parent LLC, operating as Neal is an automotive recycler servicing the Central Illinois market with a population of approximately 1.3 million people. This is Fenix Parts’ eighth acquisition in the Midwest and brings Fenix’s location count to 27 full-service and 5 self-service locations. Bill Stevens, CEO of Fenix Parts, said, “We are […]

April 10, 2024

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Auto Dealership Buy/Sell Market Achieves New Transaction Record in 2023, Surpassing 2021 Peak; Valuations Remain at All Time Highs for Top Franchises in High Growth Markets

Dealership buy/sell transactions increased 6% YoY according to the Annual 2023 Blue Sky Report by Kerrigan Advisors; 680 franchises sold in 2023, an increase of 5.4% compared to 2022, defying broader corporate M&A trends INCLINE VILLAGE, Nev.–(BUSINESS WIRE)– “Despite negative headwinds of higher interest rates and declining profit margins, dealers continued to seek acquisitions, powered […]

April 10, 2024

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SimScale Announces New AI-Powered Automotive Design Features

MUNICH–(BUSINESS WIRE)– SimScale, a fully cloud-native simulation platform, works with leading manufacturers, suppliers, and OEMs to ship better products faster while reducing R&D costs and increasing engineering innovation in a globally competitive landscape. Automotive companies use SimScale to design and optimize their products using a broad spectrum of analysis capabilities, including mechanical, thermal, CFD, and […]

April 9, 2024

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