Automotive News

Stella Automotive AI hires Rich Sands as CEO

June 21, 2023

Stella Automotive AI, a Tampa, Fla., auto retail technology startup funded in part by dealership groups Maroone USA and Pohanka Automotive Group, has hired auto industry consultant Rich Sands as its new CEO. His hiring, effective May 26 and announced Monday, comes after the company in early May announced it had closed a seed round of financing. Beyond Geoffrey Pohanka, the 2023 chairman of the National Automobile Dealers Association and chairman of his namesake group, and Mike Maroone, CEO of Maroone USA, funding round participants included Czubay Family Enterprises and Presidio Group, a Denver and Atlanta investment banking and advisory…

Automotive repair

Massive fire destroys popular auto repair shop in Meaford

June 21, 2023

Article content A large fire destroyed a decades-old family-run auto repair shop and disrupted the flow of water in Meaford Thursday night. Article content Black smoke from the blaze at Johnny B’s Automotive and Car Care was seen as far away as Owen Sound and The Blue Mountains as neighbors reported hearing explosions and being overwhelmed by fumes and heat. No injuries were reported as of Friday morning. The municipality issued a news release early Friday morning asking residents connected to the municipal water system to avoid drinking the water and to limit consumption as much as possible. The municipality…

Used Cars

KIA: Successful Digital Transformation in Manufacturing Process Engineering, Part I

June 20, 2023

Driving fundamental changes through the digitalization process Digital transformation is a buzz word but we also want to know what exactly means for my job process engineering and what rapidly comes across the departments and companies. And the advantages? Increase efficiency, greater business agility, and the unlocking of new value for all of us, OEMs, material suppliers, tool and part suppliers… Well, our team members know those are important but still, we are not clear to see what changes in our life. Back to our daily job, we know very well we are facing many practical failures of production while…

Automotive News

VW’s PowerCo, Stellantis, Glencore back $1B mine deal in Brazil

June 20, 2023

LONDON — Global miners Glencore, Stellantis and Volkswagen Group’s battery unit PowerCo have agreed to back a $1 billion deal by blank-check fund ACG Acquisition Company to buy two mines in Brazil, ACG said. The deal comes as a mining M&A spread picks up, spurred in part by investors betting on the rising demand for metals needed for the global green energy transition in coming years. ACG, a London-listed special purpose acquisition company (SPAC), will buy the Santa Rita nickel sulfide and Serrote copper mines from private equity funds advised by Appian Capital, which has hired Standard Chartered and Citigroup…

Automotive Deals

General Motors Stock (NYSE:GM): Supercharging the Auto Race with New Deals

June 19, 2023

General Motors (NYSE:GM), one of the world’s oldest and largest automakers, is supercharging the automotive race with newer partnerships and investments. Yesterday, GM announced a pact with rival electric vehicle (EV) maker Tesla (NASDAQ:TSLA) that would allow GM EV drivers to use Tesla’s supercharger network. At the same time, GM announced an investment of over $500 million in the Texas plant to produce next-gen internal combustion engines (ICE)-based full-size sport utility vehicles (SUVs). Following the news, GM stock rose more than 3.8% in extended trading on June 8. GM Leverages Tesla’s Superchargers General Motors CEO Mary Barra and Tesla CEO…

Used Cars

Best Used Cars for Teens Under $20,000

June 19, 2023

Teenagers are among the riskiest drivers because of a combination of immaturity, inexperience and social pressures. Consequently, they have crash rates that are almost four times those of drivers 20 and older. Choosing the right car can help teens stay safe, but it can be challenging to balance all the factors that make an ideal vehicle for inexperienced drivers. Consumer Reports and the Insurance Institute for Highway Safety (IIHS) have again combined their expertise and data to create lists of used cars, SUVs, and minivans that combine accident avoidance, crash protection, performance, and reliability. These vehicle recommendations are ideal for…

Automotive News

2024 Polestar 2 to start at $51,300

June 19, 2023

Polestar’s electric fastback, the Polestar 2, delivers more power, range and content for the new model year — along with a higher sticker price. The 2024 models arrive in August. The updated Polestar 2, like its XC40 and C40 siblings from major shareholder Volvo, receives a new-generation permanent magnet electric motor and new silicon carbide inverters to help boost efficiency and performance. It also gets larger, improved lithium ion batteries. For 2024, the single-motor Polestar 2 starts at $51,300, including shipping — a 3 percent premium over the current model. The single-motor variant shifts from front- to rear-wheel drive. A…

Automotive News

Need to Fix Damage to Your Rear Windshield?

June 18, 2023

Damage to your auto glass can put you and others in your vehicle at risk. Working with a company that offers professional auto glass services is usually the best way to resolve these problems quickly and effectively. If your rear windshield has sustained damage in an accident or by flying road debris, here are some of the most important things you should know about auto glass repairs for your vehicle in Tampa, FL. What Are the Two Types of Auto Glass? Auto glass generally falls into two basic categories. Tempered glass is used for rear windshields and window glass in…

Automotive News

Nio joins Tesla in cutting prices and ends free battery swapping

June 17, 2023

Nio has been offering the battery swapping service for free at least four times per month to existing owners. It is among only a handful of EV makers betting on battery swapping as a way to power electric cars. Rival Tesla dismissed battery swapping as “riddled with problems and not suitable for widescale use.” Nio said in February it would accelerate the expansion of its battery swapping network with a plan to build 1,000 swapping stations in China this year to bring the total number of such sites to 2,300 by year-end. The money-losing company’s investments in battery swapping stations,…

Automotive repair

Automotive Repair and Maintenance Services Global Market Forecast & Analysis 2022-2030

June 17, 2023

PRESS RELEASE Published June 7, 2023 Study Objectives of this Report: ✶ Detailed overview of the market.✶ Changing market dynamics of the industry.✶ In-depth market segmentation by Type, Application etc.✶ Historical, current and projected market size in terms of volume and value.✶ Recent industry trends and developments.✶ Competitive landscape of market.✶ Strategies of key players and product offerings.✶ Potential and niche segments/regions exhibiting promising growth✶ A neutral perspective towards market performance.✶ Market players’ information to sustain and enhance their footprint. Request for Customization @ https://www.coherentmarketinsights.com/insight/request-customization/2796 Key Players Influencing the Automotive Repair and Maintenance Services Market: ✧ Arnold Clark Automobiles Limited✧…

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