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Ford’s $5B Bet on America: Innovation Meets Efficiency in New EV Platform, Assembly Process and Midsize Truck
LOUISVILLE, Ky.--(BUSINESS WIRE)--Ford Motor Company is once again taking a revolutionary leap forward in engineering and manufacturing to bring a new family of affordable, high-quality electric vehicles within reach for millions around the world. The new Ford Universal EV Platform and Ford Universal EV Production System introduced today were born from a team that combines the discipline, expertise and scale of a company with 122 years of experience with the speed, innovation and first-principl...
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Clutch CEO Dan Park Appointed to OMVIC Industry Advisory Council
TORONTO--(BUSINESS WIRE)--Clutch, Canada’s leading online used car retailer, today announced that its CEO, Dan Park, has been appointed to the Industry Advisory Council of the Ontario Motor Vehicle Industry Council (OMVIC), the province’s vehicle sales regulator. Dan Park brings a modern, technology-driven perspective to the Industry Advisory Council at a pivotal moment for the automotive industry, where digital innovation and consumer demand for transparency are reshaping how cars are bought a...
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CCC Intelligent Solutions and Elitek Expand Integration to Include Sublet Services
CHICAGO--(BUSINESS WIRE)--CCC Intelligent Solutions Inc. (CCC), a leading cloud platform provider powering the P&C insurance economy, today announced that Elitek Vehicle Services, an LKQ company, has expanded its integration with the CCC Diagnostics Network. With this expansion, Elitek’s mobile sublet services can now be automatically added to CCC ONE® workfiles. This enables Elitek’s mobile service collision repair customers to digitally capture diagnostics as well as non-diagnostics servi...
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Herc Rentals Publishes 2025 Corporate Citizenship Report
BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings Inc. (NYSE: HRI), one of North America’s leading equipment rental suppliers operating through Herc Rentals Inc. (“Herc Rentals” or “the Company”), released its 2025 Corporate Citizenship Report, highlighting the company’s progress on its environmental, social and governance initiatives, with a primary focus on activities and achievements throughout 2024 and early 2025. “Our purpose in building brighter futures is closely tied to our commitmen...
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Playback Now Available for AM Best-Hosted Webinar on How Increasingly Risky Driving Behavior Is Impacting Auto Insurers
OLDWICK, N.J.--(BUSINESS WIRE)--Video playback is now available for a complimentary webinar titled “How Increasingly Risky Driving Behavior Is Impacting Auto Insurers,” hosted by AM Best and sponsored by Nationwide. Access it here. With poor driving behaviors and distractions such as cell phone use continuing to rise, all drivers—whether behind the wheel of a personal vehicle or operating as part of a commercial fleet—are more at risk than ever before. In this one-hour webinar, a panel of insur...
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Herc Holdings Inc. Declares Regular Quarterly Dividend of $0.70 per Share
BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings, Inc. (NYSE: HRI), one of North America’s leading equipment rental suppliers, today announced that its Board of Directors has declared the Company's quarterly dividend of $0.70 per share. The dividend is payable September 5, 2025, to shareholders of record as of August 22, 2025. About Herc Holdings Inc. Founded in 1965, Herc Holdings Inc., which operates through its Herc Rentals Inc. subsidiary, is a full-line rental supplier. With the recent...
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indie Semiconductor Reports Second Quarter 2025 Results
ALISO VIEJO, Calif.--(BUSINESS WIRE)--indie Semiconductor, Inc. (Nasdaq: INDI), an automotive solutions innovator, today announced second quarter results for the period ended June 30, 2025. Q2 revenue was $51.6 million with Non-GAAP gross margin of 49.1 percent, both above the midpoint of the outlook. On a GAAP basis, second quarter 2025 operating loss was $43.0 million compared to $36.6 million a year ago. Non-GAAP operating loss for the second quarter of 2025 was $14.5 million, compared to $1...
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Snap-on Incorporated Declares Quarterly Dividend
KENOSHA, Wis.--(BUSINESS WIRE)--The Snap-on Incorporated Board declared today a quarterly common stock dividend of $2.14 per share payable September 10, 2025....
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Global Automotive OEM Telematics Market Report 2025: The Number of Connected Cars with Embedded OEM Telematics Systems is Expected to Surpass 500 Million by 2029 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Global Automotive OEM Telematics Market 10th Edition" report has been added to ResearchAndMarkets.com's offering. Virtually all of the world's leading carmakers have launched mass-market services in key regions today. The research estimates that 79% of all new cars sold worldwide in 2024 were equipped with an OEM-embedded telematics system, up from 75% in 2023. The eCall mandate in EU27+EFTA+UK has accelerated the adoption of telematics, making it a standard featur...
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Archer Accelerates Defense Program with Two Strategic Acquisitions as it Pursues Growing Demand
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Archer (NYSE: ACHR) today announced two strategic acquisitions to accelerate the development of its next-generation defense aircraft. These acquisitions build on Archer’s December 2024 announcement of a strategic partnership with Anduril to co-develop hybrid, autonomous VTOL military aircraft—followed by $1.3B in capital raised to pursue both defense and commercial opportunities. Since that announcement, Archer continues to see growing demand from majo...