Volkswagen Group

Motor Racing Telematics (MRT) Market to grow by USD 241.43 million from 2022 to 2027 | Market is fragmented due to the presence of prominent companies like Agero Inc., Airbiquity Inc. and Aptiv Plc, and many more - Technavio

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Wednesday, November 29, 2023
Carbon, Verizon Communications, Vodafone, Application, MRT, Airbiquity, PTC, USD, Continental AG, Aptiv, ECall, FCC v. AT&T Inc., Volkswagen, Visteon, Volkswagen Group, Growth, IEEE, Octo Telematics, Geography, Agerø, Mobile phone, M2M

The motor racing telematics (MRT) market is fragmented owing to the presence of many global and regional companies.

Key Points: 
  • The motor racing telematics (MRT) market is fragmented owing to the presence of many global and regional companies.
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    Agero Inc. - The company offers motor racing telematics such as Agero connected vehicle service.
  • Airbiquity Inc. - The company offers motor racing telematics such as Airbiquity safety and security software.
  • The automotive telematics market size is estimated to grow at a CAGR of 18.34% between 2022 and 2027.

Electric Motorcycle Market to grow by USD 109.78 billion from 2022 to 2027- Technavio

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Tuesday, November 14, 2023
BMW, KTM, Harley-Davidson, SLA, USD, ECU, OX, Motorcycle, Lead, Volkswagen Group, Geography, Government, BMW Motorrad, Music, Speciality chemicals, Electricity

NEW YORK, Nov. 14, 2023 /PRNewswire/ -- The electric motorcycle market is estimated to grow by USD 109.78 billion from 2022 to 2027, growing at a CAGR of 24.05%.

Key Points: 
  • NEW YORK, Nov. 14, 2023 /PRNewswire/ -- The electric motorcycle market is estimated to grow by USD 109.78 billion from 2022 to 2027, growing at a CAGR of 24.05%.
  • The electric motorcycle market is fragmented owing to the presence of many global and regional companies.
  • China, with its large population and government support for electric vehicles, commands the largest market share, with electric motorcycle sales in 2022 expected to surpass 1.28 million units.
  • The high-performance electric motorcycle market size is estimated to grow at a CAGR of 9.65% between 2022 and 2027.

FLEETCOR Reports Third Quarter 2023 Financial Results

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Wednesday, November 8, 2023
Finance, Banking, Payments, Professional Services, Technology, Sale, NYSE, Financial result, GAAP, Acquisition, Growth, ID, Webcast, Fleetcor, Panther, Volkswagen Group, FLEETCOR, Pharmaceutical industry, Video game, Bank, Satellite navigation device, Reinsurance, Security (finance), EBITDA

FLEETCOR Technologies , Inc. (NYSE: FLT), a leading global business payments company, today reported financial results for its third quarter ended September 30, 2023.

Key Points: 
  • FLEETCOR Technologies , Inc. (NYSE: FLT), a leading global business payments company, today reported financial results for its third quarter ended September 30, 2023.
  • Net income increased 9% to $271.5 million in the third quarter of 2023, compared to $248.9 million in the third quarter of 2022.
  • EBITDA1 increased 13% to $528.9 million in the third quarter of 2023, compared to $466.4 million in the third quarter of 2022.
  • The Company will host a conference call to discuss third quarter 2023 financial results today at 5:30 pm ET.

Aeva Reports Third Quarter 2023 Results

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Wednesday, November 8, 2023
Technology, Semiconductor, Automotive, Automotive Manufacturing, Manufacturing, Software, Hardware, Autonomous Driving, Vehicles, Robotics, Aeva Maurelle, OEM, Sale, NYSE, Oppenheimer, GAAP, Lidar, Entrepreneurship, SOP, Tier 1, Adage Capital Management, Time of flight, Volkswagen Group, Automotive industry, Bank, Security (finance)

Aeva ® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced its third quarter 2023 results.

Key Points: 
  • Aeva ® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced its third quarter 2023 results.
  • Subsequent to the quarter end, Aeva made the strategic decision to bolster its balance sheet with additional capital and entered into agreements for a capital raise of $145 million with existing long-term stockholders.
  • In addition, on November 8, 2023, the Company entered into a Standby Equity Purchase Agreement (the “Facility Agreement”) with Sylebra.
  • Aeva will host a conference call and live webcast to discuss results at 2:30 p.m. PT / 5:30 p.m.

Innoviz Reports Third-Quarter 2023 Results, Delivering Strong Sequential and Year-Over-Year Revenue Growth

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Wednesday, November 8, 2023
Volkswagen Group, Velodyne Lidar, COGS, Electronics, RFQ, BMW Group Plant Dingolfing, TEL, Shuttle, Certification, Lidar, MRM, Level 3, SOP, Consumer Electronics Show, Tier 1, ASIC, CES, BMW, NRE, Automotive industry, Cryptocurrency, Video game

TEL AVIV, Israel, Nov. 8, 2023 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today provided commercial and strategic updates on its business, reported its financial results for the third quarter ended September 30, 2023 and reiterated 2023 commercial and financial targets.

Key Points: 
  • The change highlights the flexibility of the platform and is expected to increase the total revenue content per vehicle available to Innoviz.
  • The 138% quarter-over-quarter increase in revenues was driven by strong growth in InnovizTwo unit sales, which increased 102% sequentially, coupled with incremental NRE revenue.
  • Operating expenses in Q3 2023 were $27.8 million, a decrease of 11% compared to operating expenses of $31.3 million in Q3 2022.
  • Operating expenses for Q3 2023 included $5.0 million of share-based compensation compared to $4.9 million of share-based compensation in Q3 2022.

FLEETCOR® Acquires PayByPhone, a Global Digital Parking Company

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Tuesday, November 7, 2023
Data Management, Consumer Electronics, Automotive, Technology, Payments, General Automotive, Apps, Applications, Software, Networks, Mobile, Wireless, Fleet Management, Volkswagen Group, FLEETCOR, Acquisition, Fleetcor, NYSE, Retail, Online shopping

FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced the acquisition of PayByPhone, a global provider of digital parking payment solutions.

Key Points: 
  • FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced the acquisition of PayByPhone, a global provider of digital parking payment solutions.
  • The acquisition expands FLEETCOR’s vehicle payment solution set for both its fleet customers and consumers.
  • First, by providing our customers access to one of the world’s leading parking apps, it helps expand the vehicle payment solutions we provide our B2B fleet customers in North America and Europe.
  • Our strategy is to deliver our existing payment products and networks through a single mobile app to PayByPhone’s UK customers.

Global Light Vehicle Production Market Accelerates at 10.20% CAGR in 2023, Driven by Rising Demand for SUVs and Technological Advancements - ResearchAndMarkets.com

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Wednesday, November 1, 2023
General Automotive, Automotive Manufacturing, Manufacturing, Automotive, Shift, Aston, Geely, McLaren Group, SUV, Big data, Use, Mercedes-Benz Group, Workforce, Carbon, Original equipment manufacturer, Electric vehicle, Artificial intelligence, Toyota, Individual, BMW, Tesla, Inc., Growth, Transport, Mercedes-Benz, General Motors, COVID-19, Business, Gasoline, Volkswagen Group, Safety, Compound annual growth rate, Ford Motor Company, Car rental, Automotive industry, Renewable energy, Hatchback, Diesel, Audi, Porsche, Maintenance, Electricity

Additionally, the global premium vehicle production market is projected to reach 11.31 million units in 2023, experiencing a CAGR of 8.28% during the same period.

Key Points: 
  • Additionally, the global premium vehicle production market is projected to reach 11.31 million units in 2023, experiencing a CAGR of 8.28% during the same period.
  • The global premium vehicle market has seen substantial growth recently, driven by customer preferences shifting from sedans to SUVs and rising disposable incomes.
  • By Vehicle Type: The global light vehicle production market is segmented into two categories: passenger cars and light commercial vehicles.
  • Rising Demand for SUVs: The global demand for SUVs is on the rise, driving the growth of the light vehicle market.

Rairdon Automotive Group Amplifies its Footprint with the Launch of its 12th Dealership, now in Everett, WA!

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Friday, November 3, 2023
Pignataro, EV, Heart, Alfa Romeo, Subaru, History, Acquisition, Peugeot Inception, Chrysler, Trust, Nature's Beckon, Honda, Community engagement, Partnership, Volkswagen Group, Dodge, Community, EVS, Hyundai, Car dealership, Tourism, Automotive industry, Nissan

This acquisition from the Pignataro Family underscores Rairdon's unwavering allegiance to the communities it operates in and exemplifies its dedication to the 'Rairdon Way.'

Key Points: 
  • This acquisition from the Pignataro Family underscores Rairdon's unwavering allegiance to the communities it operates in and exemplifies its dedication to the 'Rairdon Way.'
  • We eagerly anticipate extending our distinctive, family-centric ethos to the Everett community and integrating them into the Rairdon Automotive Group family."
  • He continued to say "We are grateful to the Pignataro family and for becoming a part of the Volkswagen Group Family."
  • Incepted over three decades ago, Rairdon Automotive Group has been a beacon of unparalleled customer service.

Hands-Free Power Liftgate Market Soars to $1.3 Billion in 2022, Set for Strong 6.06% CAGR Growth Through 2028

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Tuesday, October 31, 2023
Volkswagen Group, Research, Continental AG, Porsche SE, Millennials, Sports equipment, Electric vehicle, Foot, SUV, COVID-19, Hyundai Motor Company, Honda advanced technology, Safety, EVS, Radar, Education minister, Continental, Pharmaceutical industry, Instrumentation, Transport, Manufacturing, Retail, Mobile phone, Growth

The global hands-free power liftgate market has demonstrated remarkable growth, reaching a size of US$ 1.3 Billion in 2022.

Key Points: 
  • The global hands-free power liftgate market has demonstrated remarkable growth, reaching a size of US$ 1.3 Billion in 2022.
  • Hands-Free Power Liftgate Technology Overview:
    The hands-free power liftgate is an innovative automotive technology that enables users to effortlessly open and close their vehicle's liftgate by simply waving their foot beneath the rear bumper.
  • Which regions are key to the hands-free power liftgate market?
  • Who are the leading companies in the hands-free power liftgate market?

Global Lane Departure Warning System (LDWS) Market Surges to $6.1 Billion by 2028, Fueled by Road Safety Priorities and ADAS Integration

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Tuesday, October 31, 2023
Hitachi, Volkswagen Group, US, Autoliv, ADAS, Continental AG, LDWS, Pedestrian, Vels Institute of Science, Technology & Advanced Studies, COVID-19, Risk, Commercial vehicle, Accident, Algorithm, Intel, Safety, ZF Friedrichshafen, Radar, BorgWarner, Denso, Delphi Technologies, Continental, Road, Car rental, Growth, Mobileye

The global lane departure warning system (LDWS) market is witnessing remarkable growth, with the market size reaching US$ 4.1 Billion in 2022.

Key Points: 
  • The global lane departure warning system (LDWS) market is witnessing remarkable growth, with the market size reaching US$ 4.1 Billion in 2022.
  • LDWS is an essential in-vehicle electronic mechanism that enhances road safety by monitoring a vehicle's position within a lane.
  • Road Safety Concerns: The rising number of road fatalities attributed to driver negligence has heightened the demand for LDWS, further bolstering market growth.
  • Awareness and ADAS Adoption: Growing awareness about road safety and the adoption of advanced driver assistance systems (ADAS) are fostering market growth.