Motor vehicle

Honda Motor Co., Ltd. (HMC) Shareholder Notice: Robbins LLP Reminds Investors of Class Action Against Honda Motor Co., Ltd.

Retrieved on: 
Tuesday, February 7, 2023
Marketing, American depositary receipt, Safety, Complaint, NYSE, Motorcycle, Risk, ADS, Disclosure, Car, HMC, News, Security (finance), Motor vehicle, American Honda Motor Company

The Class: Robbins LLP reminds investors that a shareholder filed a class action on behalf of all purchasers of Honda Motor Co., Ltd. (NYSE: HMC) American Depository Shares ("ADSs") between June 20, 2018 and September 28, 2022, for violations of the Securities Act of 1934.

Key Points: 
  • The Class: Robbins LLP reminds investors that a shareholder filed a class action on behalf of all purchasers of Honda Motor Co., Ltd. (NYSE: HMC) American Depository Shares ("ADSs") between June 20, 2018 and September 28, 2022, for violations of the Securities Act of 1934.
  • The Company’s U.S.-based operations are conducted through its North American subsidiary, American Honda.
  • What Now: Similarly situated shareholders may be eligible to participate in the class action against Honda.
  • Shareholders who want to act as lead plaintiff for the class must file their papers by April 3, 2023.

National Automotive Supplier Providing Child Care Benefits to Keep Up With Supply Chain Demand

Retrieved on: 
Tuesday, February 7, 2023
TBA, DEI, Toyota Boshoku, AKI, Child, Innovation, Packaging Machinery Manufacturers Institute, ROI, Mazda, Filtration, Mazda Toyota Manufacturing USA, Toyo Seat, SAN, Task force, Partnership, Woman, Transport, Face, MTM, Growth, Organization, Frustration, Workforce, Parent, Toyota, Culture, Tutoring, Toy, Motor vehicle, Child care, Collaboration

"As a key supplier of theirs, we have tracked how valuable the Child Care benefit has been to their employees and wanted to ensure the same success for our team.

Key Points: 
  • "As a key supplier of theirs, we have tracked how valuable the Child Care benefit has been to their employees and wanted to ensure the same success for our team.
  • Providing Child Care benefits is among the top initiatives to increase recruiting and DEI in the manufacturing sector.
  • Women currently make up only 29% of the manufacturing workforce, with lack of Child Care support among their top challenges.
  • This empowers employers to provide fully managed Child Care Benefits, giving their workforce the flexibility and family support they need while organizations seek to increase productivity and ROI.

Atlis Motor Vehicles on Pace to Achieve Exponential Growth in 2023, Sets Goal to Double 2022 Headcount in Response to Growing Demand

Retrieved on: 
Tuesday, February 7, 2023
Parental leave, AMV, Health, ATLIS II, Mechanical, Motor vehicle, Manufacturing engineering, Knowledge, Research, Mobile phone, Management, Software, Test

The company plans to expand its AMV battery cell and pack manufacturing capabilities to meet production targets.

Key Points: 
  • The company plans to expand its AMV battery cell and pack manufacturing capabilities to meet production targets.
  • In addition, Atlis continues to successfully recruit R&D talent across the Mechanical, Hardware, Software, Test, and Manufacturing Engineering teams.
  • Amidst industrywide layoffs, the Atlis team plans to sustain its growth trajectory and add headcount across the business while continuing to heavily invest in research and development for the Atlis EV technology ecosystem.
  • “A key component of our long-term growth strategy is concentrating investment in team members who devote their skill, experience, and knowledge to the success of Atlis and our mission,” said Mark Hanchett, Founder and CEO of Atlis Motor Vehicles.

Bel Acquires a Stake in innolectric AG, Further Enhancing Its Position in the Rapidly Evolving EV On-board Charging Market for Commercial Vehicles

Retrieved on: 
Monday, February 6, 2023
Electronics, METIS, EV, Stephens Inc., Motor vehicle, Electric vehicle, Partnership, Growth, Mobile phone

This passive investment will create a strategic alliance that is focused on Electric Vehicles (“EV”) on-board power electronics broadly, but specifically on next generation fast charging technology.

Key Points: 
  • This passive investment will create a strategic alliance that is focused on Electric Vehicles (“EV”) on-board power electronics broadly, but specifically on next generation fast charging technology.
  • innolectric was founded in 2016 through a closely held ownership group to be a platform-based business in the field of power electronics for eMobility and in particular the on-board fast-charging for commercial vehicles.
  • With its talented engineering team, innolectric focuses its efforts on development and launching its products.
  • Stephens Inc. acted as exclusive financial advisor to Bel, and METIS Rechtsanwälte PartG mbB served as legal advisor.

Allegro MicroSystems Reports Fiscal Third Quarter 2023 Results

Retrieved on: 
Tuesday, January 31, 2023
Momentum, Automation, IC, GAAP, Growth, Xev, EPS, ADAS, Webcast, Allegro, Motor vehicle, Bank, Automotive industry

MANCHESTER, N.H., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro” or the “Company”) (Nasdaq:ALGM), a global leader in sensing and power semiconductor solutions for motion control and energy efficient systems, today announced financial results for its third quarter 2023 that ended December 23, 2022.

Key Points: 
  • MANCHESTER, N.H., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro” or the “Company”) (Nasdaq:ALGM), a global leader in sensing and power semiconductor solutions for motion control and energy efficient systems, today announced financial results for its third quarter 2023 that ended December 23, 2022.
  • This allowed us to deliver record GAAP and non-GAAP operating margins of 26 and 30 percent, respectively in the quarter.
  • Industrial net sales increased 5.9% sequentially and 59.9% year-over-year to 21% of net sales in the quarter.
  • For the fourth quarter ending March 31, 2023, the Company expects total net sales to be in the range of $260 million to $270 million.

Atlis Motor Vehicles Debuts Proprietary Megawatt AC/DC Charge Handle and Cable Design, Successfully Delivering Unprecedented 1,200A+ and 1,000V+ in Charge Tests

Retrieved on: 
Tuesday, January 31, 2023
AMV, AC/DC, EV, Work, ATLIS II, Miner, ICE, CCS, Motor vehicle, Transport, Temperature, Rail transport

Similar in size to a typical 350 kW CCS, the Atlis cable is designed to be less rigid and more malleable during handling while delivering up to 1.5MW of power.

Key Points: 
  • Similar in size to a typical 350 kW CCS, the Atlis cable is designed to be less rigid and more malleable during handling while delivering up to 1.5MW of power.
  • Atlis plans to open this standard to its peers to enable mass adoption in the medium and heavy-duty vehicle and e-mobility charging space.
  • “In order to drive adoption across our intended market segment, building our own cable is the logical path forward.
  • The Company believes that its cable design is a critical step in successfully implementing a network of 1.5MW charging stations needed to accelerate electrification of the Work industry.

2022's Most Junked Car Brands and Models in the US: A Report by Junk Car Medics

Retrieved on: 
Monday, January 30, 2023
Civic, Longevity, Altima, Chevrolet, Ford Motor Company, Toyota Camry, Honda Accord (North America eighth generation), Nissan Altima, Accord, Honda Accord, Motor vehicle, Nissan

ROCHESTER, N.Y., Jan. 30, 2023 (GLOBE NEWSWIRE) -- Junk Car Medics, a national junk car buying service in the USA, has released a report on the most junked car brands and models in 2022 based on an analysis of over 50,000 cars junked through their online portal.

Key Points: 
  • ROCHESTER, N.Y., Jan. 30, 2023 (GLOBE NEWSWIRE) -- Junk Car Medics, a national junk car buying service in the USA, has released a report on the most junked car brands and models in 2022 based on an analysis of over 50,000 cars junked through their online portal.
  • According to Junk Car Medics, Ford and Chevrolet had the highest percentages of junked cars in 2022, with 12.89% and 12.79%, respectively.
  • When looking at the most commonly junked car models, the Honda Accord took the top spot.
  • "At Junk Car Medics, we're always aiming to provide valuable resources that enable the general public to make informed decisions about their vehicles," said Todd Bialaszewski, CEO of Junk Car Medics.

Zapp Celebrates Success at E-Mobility Awards

Retrieved on: 
Monday, January 30, 2023
Mergers and acquisitions, Business architecture, Motor vehicle, Acceleration, Tripura Merger Agreement, Zapp

E-Mobility awards recognizes the ingenuity, innovation and achievement across the highly competitive E-Mobility sector

Key Points: 
  • E-Mobility awards recognizes the ingenuity, innovation and achievement across the highly competitive E-Mobility sector
    LONDON, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Zapp Electric Vehicles Limited (“Zapp” or the “Company”), a UK-based, high-performance two-wheel electric vehicle company, has received multiple awards at this year’s prestigious E-Mobility awards which celebrates ingenuity, innovation and achievement across the e-mobility sector.
  • The awards’ independent judging panel named Zapp as overall winner of the ‘New Emobility/EV marque launch’, ‘Emobility/EV engineering’ and ‘Recycling innovation and sustainability initiatives’ categories.
  • Jeremy North, President of Zapp, said: “It is an honour to be recognized by the E-Mobility awards.
  • Zapp is committed to Gen-2 sustainable design and production and the i300 exemplifies Zapp’s mission to create truly sustainable products.

Mullen Announces Key Hires Across EV Programs

Retrieved on: 
Thursday, January 26, 2023
VW, Nexteer Automotive, Ford Motor Company, Isuzu, Joyson Safety Systems, EV, Cooperation Manufacturing Plant Aguascalientes, Original equipment manufacturer, GM, Commercial vehicle, Growth, Drivetrain, Hyundai, Renewable energy, Motor vehicle, Mahindra

BREA, Calif., Jan. 26, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today a number of hires who have joined the Company across its commercial van and truck program and Mullen FIVE EV Crossover programs in support of aggressive EV portfolio growth plans.

Key Points: 
  • BREA, Calif., Jan. 26, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- Mullen Automotive, Inc. (NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today a number of hires who have joined the Company across its commercial van and truck program and Mullen FIVE EV Crossover programs in support of aggressive EV portfolio growth plans.
  • “It’s exciting to see the growth across our different teams and locations in California, Michigan, Indiana and Mississippi,” said David Michery, CEO and chairman of Mullen Automotive.
  • “Strategically, we have been adding very strong expertise coming from tier 1 suppliers, traditional OEMs and other EV start-ups.
  • These new hires include the following individuals:
    Dave Adkins - Chief of Class 3 Commercial Vehicles, formally Chief Engineer of Izuzu
    Raj Pai - Chief Engineer Commercial Vehicles, formally VP of Mahindra
    Paul Loewer - Senior Director, Product Planning and Product Marketing

JM&A Group and J.D. Power Give Dealers the Leading Edge with the Rollout of Additional F&I Products

Retrieved on: 
Tuesday, January 24, 2023
Trust, Ram, J.D. Power, JM, Certified Pre-Owned, Financial services, History, PVR, EasyCare Vehicle Service Contracts 200, Motor vehicle, Video game console, Car rental, Machine tool, Insurance

Power, a global leader in analytics and consumer intelligence, have reinforced their strategic alliance with additional vehicle protection products under the existing umbrella of J.D.

Key Points: 
  • Power, a global leader in analytics and consumer intelligence, have reinforced their strategic alliance with additional vehicle protection products under the existing umbrella of J.D.
  • Power® Edge products, dealers can drive interest among their customers by seamlessly plugging a trusted brand into their existing F&I process, allowing them to enhance consumer confidence.”
    Already, dealers enrolled in the J.D.
  • Power.
  • | J.D.