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Drive.ai Raises $50 Million to Accelerate the Self-Driving Reality

MOUNTAIN VIEW, CA -- (Marketwired) -- 06/27/17 -- Drive.ai today announces a $50 million series B funding round, led by New Enterprise Associates, Inc. (NEA) with participation from GGV Capital and existing investors, including Northern Light Venture Capital, who led Drive.ai''s series A. This funding will bolster the company''s technology development, global reach, and scalability.Drive.ai is advancing the self-driving reality through technology and advocacy. Drive.ai''s technology is grounded in deep learning, powering its self-driving system to learn driving r ...

27.06.2017

ZF, HELLA, NVIDIA Partner to Increase Safety of Self-Driving Vehicles

LUDWIGSBURG, GERMANY -- (Marketwired) -- 06/27/17 -- NVIDIA (NASDAQ: NVDA) today announced it has formed a strategic partnership with ZF and HELLA to deliver AI technology with the New Car Assessment Program (NCAP) safety certification for the mass deployment of self-driving vehicles. The agreement is non-exclusive.ZF, one of the industry''s largest automotive suppliers, and HELLA, a leading tier 1 supplier of camera perception software and sensor technologies, will provide customers with a complete self-driving system that integrates front camera units, as well as supporting softwa ...

26.06.2017

Volvo Cars and Autoliv Select NVIDIA DRIVE PX Platform for Self-Driving Cars

LUDWIGSBURG, GERMANY -- (Marketwired) -- 06/27/17 -- Volvo Cars and Autoliv are teaming up with NVIDIA (NASDAQ: NVDA) to develop advanced systems and software for AI self-driving cars, the companies announced today.The three companies will work together along with Zenuity -- a newly formed automotive software development joint venture equally owned by Volvo Cars and Autoliv -- to develop next-generation self-driving car technologies. Production vehicles built on the are planned for sale by 2021."Artificial intelligence is the essential tool for solving the incredibly demanding challenge ...

26.06.2017

Saleen Automotive Debuts Newly Designed Automotive Shop

CORONA, CA -- (Marketwired) -- 06/26/17 -- Saleen® Automotive''s (OTCQB: SLNN) assembly shop has been totally redesigned and furnished with Dannmar® Equipment lifts, compressors, electrical connections, and all necessary equipment to each station in the Saleen® shop. This state-of-the-art upgrade will facilitate a quicker turnaround in building new Saleen® vehicles.Dannmar® Equipment, located in Moorpark, California, was tapped by Steve Saleen to revamp the Saleen® Automotive shop. "We have the best technicians who deserve the best equipment. When it was time to upgrade, Dannma ...

26.06.2017

Hit the Road Safely

MISSION, KS -- (Marketwired) -- 06/22/17 -- (Family Features) There are few better times for a road trip than during the summer months when the sun is bright and the kids are out of school. Despite the expected rise in gas prices, AAA reports 79 percent of families are planning to hit the road this year, 10 percent more than in 2016.Whether it''s just you and your significant other or a jam-packed car, the experts at Interstate Batteries recommend taking these steps before hitting the open road:1. Spontaneous stops can be fun and necessary to stretch your legs, but it''s a ...

22.06.2017

Methode Electronics, Inc. Reports Fiscal 2017 Sales and Earnings

CHICAGO, IL -- (Marketwired) -- 06/22/17 -- (NYSE: MEI), a global developer of custom engineered and application-specific products and solutions, announced financial results for the fourth quarter and Fiscal 2017 ended April 29, 2017.Methode''s fourth-quarter Fiscal 2017 net sales increased $6.9 million, or 3.2 percent, to $219.7 million from $212.8 million in the same quarter of Fiscal 2016. Year over year, currency rate fluctuations decreased net sales $2.2 million.Net income increased $0.4 million to $23.1 million, or $0.62 per share, in the fourth quarter of Fiscal 2017 from $22 ...

22.06.2017

Mitchell and Bosch Automotive Service Solutions Announce Collaboration to Deliver the Mitchell Diagnostics(TM) System

SAN DIEGO, CA -- (Marketwired) -- 06/21/17 -- Mitchell, a leading provider of technology, connectivity and information solutions to the claims and industries, is collaborating with Bosch Automotive Service Solutions in North America to deliver the Mitchell Diagnostics™ system, the first comprehensive diagnostic system designed specifically for the collision repair and automotive claims markets. The Mitchell Diagnostics system is expected to be available by June 30, 2017.In today''s rapidly changing automotive industry, collision repairers must quickly and accurately assess vehicle ...

21.06.2017

Atacama Resources International Partners with Ottawa Based MGIS Inc. on Good2Drive Mobile Application

PLANTATION, FL -- (Marketwired) -- 06/20/17 -- (OTCQB: ACRL), developers of a suite of safety-driven mobile applications, has named Ottawa, Ontario''s MGIS Inc. as the Program Manager for the Good2Drive mobile application product line. MGIS Inc.''s team was involved in the original development of the Good2Drive mobile application and will be undertaking all aspects of Good2Drive''s future features, development, infrastructure, e-commerce, management and promotion.Good2Drive is a mobile application available on both the iTunes and Google Play stores that allows d ...

20.06.2017

NCWC Inc. Dealer Services Helping To Revive The Used Car Industry

OCEAN, NJ -- (Marketwired) -- 06/18/17 -- NCWC Incorporated Dealer Services is giving used car dealerships a breath of fresh air, which is one reason customers are giving used cars a second look.It is no secret that the used car industry has not expanded its reach beyond people who cannot afford newer cars, but that is finally changing. The rise of car prices is pushing people away from new car dealerships, and these new customers need somewhere to turn, which is where used car dealerships come into the picture.One thing that has prevented car buyers from buying used cars is the uncertainty o ...

18.06.2017

Etiqa Insurance Launches Reduced-Premium Usage-Based Car Insurance ePROTECT sMiles That Offers 50% Upfront Savings for Drivers in Singapore

SINGAPORE -- (Marketwired) -- 06/15/17 -- Insurance arm of Maybank Group, Etiqa Insurance, has launched an affordable usage-based car insurance in Singapore, providing 50% premium savings upfront and potentially saving customers close to $500 annually (based on scenario example illustrated in attached infographic).Following the wider interest and usage of Usage-based insurance (UBI) in Singapore, the launch of supports the insurer''s mission to embrace changes and create customer-centric products that better tailor to their needs. This new car insurance solution rewards drivers wh ...

15.06.2017

Methode Electronics'' Board Approves Dividend

CHICAGO, IL -- (Marketwired) -- 06/15/17 -- . (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, announced today that its board of directors has declared a quarterly dividend of $0.09 per share to be paid on July 28, 2017, to common stockholders of record at the close of business on July 14, 2017.Methode Electronics, Inc. (NYSE: MEI) is a global developer of custom engineered and application specific products and solutions with manufacturing, design and testing facilities in China, Egypt, Germany, India, Italy, Lebanon, Malta, Mexico, Singapo ...

15.06.2017

Martinrea International Inc. Holds Annual General Meeting

TORONTO, ONTARIO -- (Marketwired) -- 06/15/17 -- Martinrea International Inc. (TSX: MRE) ("Martinrea" or the "Company") a leader in the development and production of quality metal parts, assemblies and modules, fluid management systems and complex aluminum products focused primarily on the automotive sector, announced today the results of the election of directors at its annual general meeting, which was held on June 14, 2017 (the "Meeting").Rob Wildeboer, the Company''s Executive Chairman stated: "We would like to thank our shareholders for their ...

15.06.2017

Excellautosps.com Offers a Wide Range of Options for Exotic Car Wraps

Boca Raton, Florida, June 15th 2017 - excellautosps.com is offering a wide range of exotic car wraps which can either be applied to the entire car or specific parts of the car. The company has a wide experience in this field and has a staff that has specialized in this field and work to make sure that customers are getting the best quality exotic car wraps. Wrapping a car can completely change its look and this is what you may need especially when you are giving your car a revamp. Wrapping your car is one of the best ways of making it unique and you can get all this in Boca Raton, Florida by ...

15.06.2017

Mitchell Issues Second Quarter 2017 Industry Trends Report

SAN DIEGO, CA -- (Marketwired) -- 06/13/17 -- Mitchell, a leading provider of technology, connectivity and information solutions to the claims and industries, today released its Industry Trends Report (ITR) for the second quarter of 2017. In this edition, Mitchell executives take a look at how artificial intelligence (AI) is being used in the insurance industry, the use of scanning tools for complex auto body repairs and how an optimized provider network strategy can help the workers'' compensation journey.An estimated of insurance executives are planning to invest significantly i ...

13.06.2017

Methode Electronics to Announce Fiscal 2017 Results on Thursday, June 22, 2017

CHICAGO, IL -- (Marketwired) -- 06/12/17 -- (NYSE: MEI), a global designer and manufacturer of electro-mechanical devices, will release its Fiscal 2017 results for the period ended April 29, 2017, on Thursday, June 22, 2017, before the market opens.Following the release, the Company will conduct a conference call and Webcast to review financial and operational highlights led by its President and Chief Executive Officer, Donald W. Duda, and Chief Financial Officer, John Hrudicka, at 10:00 a.m. Central time.To participate in the conference call, please dial (877) 407-9210 (domestic) or (201) 68 ...

12.06.2017

American Automotive Services Solutions Offers An Alternative For Used Car Owners

WENTZVILLE, MO -- (Marketwired) -- 06/12/17 -- American Automotive Service Solutions is proud to offer people an opportunity to avoid buying high-priced vehicles or leasing a car they will never own.It might not be common knowledge, but reports show that cars are becoming more expensive. The jumps have been a , which is significant, especially considering how much a vehicle can cost in these modern times.Many of the vehicles going up in price are economy vehicles. Yes, luxury vehicles are also rising, but the problem is this issue is affecting vehicles that are meant to be affordable for thos ...

12.06.2017

Dorman Products, Inc. Announces Organizational Changes

COLMAR, PA -- (Marketwired) -- 06/08/17 -- Dorman Products, Inc. (NASDAQ: DORM), a leading supplier in the automotive aftermarket, today announced the following organizational changes, effective immediately. Mike Kealey, Senior Vice President - Product, has been promoted to Executive Vice President - Commercial. Kevin Olsen, Senior Vice President - Chief Financial Officer, has been promoted to Executive Vice President - Chief Financial Officer."Mike and Kevin are excellent leaders with proven abilities. I am proud of their accomplishments to date, and confident that they will help lead D ...

08.06.2017

Loop Energy Receives Funding From Government of Canada''s Automotive Supplier Innovation Program for Next Generation Fuel Cell Stack

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/06/17 -- Loop Energy announced that it has been awarded $760,000 from Innovation, Science and Economic Development Canada (ISED). The investment is being made available through the Automotive Supplier''s Innovation Program (ASIP) and will support the development of the company''s next generation transportation fuel cell stack."We are honored to have received the support of ASIP and ISED in addition to funding programs previously announced," said Ben Nyland, President and CEO of Loop Energy. "These non-diluti ...

06.06.2017

Mitchell International Acquires UniMed Direct: Strengthening its Medical Management Technology Capabilities and End-to-End Workers'' Compensation Solutions

SAN DIEGO, CA -- (Marketwired) -- 06/05/17 -- Mitchell, a leading provider of technology, connectivity and information solutions to the claims and industries, has announced the acquisition of UniMed Direct, a provider of proprietary enterprise managed care software and physician peer review services to the workers'' compensation industry. This acquisition advances the technology and software alliance with UniMed that adds enhanced capabilities to Mitchell''s current workers'' compensation and medical management offerings as well as integrates ReviewStat, a robus ...

05.06.2017

Saleen Championship Edition Mustangs

CORONA, CA -- (Marketwired) -- 06/01/17 -- Steve Saleen, CEO of Saleen Automotive, Inc. (OTCQB: SLNN) announces the 30-Year Championship Commemorative Edition with both a street and race version, featuring a renewed partnership with General Tire. These Black Label special editions celebrate the 1987 Driver, Manufacturer, Team, and Tire SCCA ESCORT Endurance Championships won by Saleen''s race team.General Tire, which was essential to the success of Saleen Automotive race teams in the 1980s, will once again join forces with Saleen as a sponsor of these vehicles. These special Mustang ...

01.06.2017


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