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LMP Automotive Holdings, Inc. Provides Financial Update and

Debora Carley

FORT LAUDERDALE, Fla., July 15, 2022 (GLOBE NEWSWIRE) — LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, today provided a financial update and announced it has entered into a $15.8 million all cash agreement (the “Agreement”) to sell […]

July 2022 Light Vehicle Production Forecast update

Debora Carley

The following reflects the S&P Global Mobility July 2022 Light Vehicle Production Forecast update: The July 2022 light vehicle production forecast update reflects the mixed effects of recovering Greater China and South Asia markets offset somewhat by lingering supply chain pressures in other regions. We remain mindful of deteriorating […]

Cars smashed, boat crumpled as Washington ferry rams dock

Debora Carley

(Photos by Erika Schultz / Seattle Times via AP)   SEATTLE — Authorities say an automobile and passenger ferry crashed into a dock Thursday in Seattle, damaging the vessel. Washington State Ferries tweeted that no injuries were reported but passengers said some vehicles were damaged. The state agency said the […]

Yamato Transport and CJPT to study standardization and commercialization of cartridge batteries for battery swapping

Debora Carley

Yamato Transport and Commercial Japan Partnership Technologies Corporation (CJPT) will begin studying the standardization and commercialization of replaceable and rechargeable cartridge batteries. The introduction of commercial battery electric vehicles (BEVs) poses several challenges, including recharging times that are longer than refueling times for conventional gasoline and diesel vehicles, as well […]

Arena Investors and Mobility Capital Announce $200 Million Transportation Finance Joint Venture

Debora Carley

NEW YORK, July 27, 2022 /PRNewswire/ — Arena Investors, LP (“Arena”), a $3.5 billion institutional asset manager, and Mobility Capital Group (“Mobility Capital”), an impact-aligned investment manager focused on next-generation transportation and logistics sectors, today announced that they have agreed to launch a joint venture with initial capacity to invest […]

Automotive Over-The-Air(OTA) Update Market to See Huge Growth by 2029

Debora Carley

New Jersey, USA,  – The global Automotive Over-The-Air(OTA) Update market is thoroughly researched and analysed in reports to help market participants improve their business tactics and ensure long-term success. The authors of the report used easy-to-understand language and uncomplicated statistical images, but provided thorough information and detailed data on the global Automotive […]

Congress passes $53 billion for semiconductor facilities

Debora Carley

A bipartisan majority in the U.S. House on Thursday gave final approval to a $280 billion piece of legislation that is intended, in part, to reinvigorate domestic production of semiconductor chips, a shortage of which has crippled Detroit’s automakers in recent years. The bill, a whittled-down version of earlier legislation […]