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Private equity investments in systems software head for 5-year low
Global private equity investments in systems software companies are on course for a second consecutive year of decline and touching their lowest annual levels since 2018. Private equity and venture capital investment in the sector totaled $12.69 billion for the year through Oct. 30, far less than the $35.87 billion total for full year 2022,…
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HSBC initiates Tesla coverage with ‘reduce’ rating By Investing.com
The lower rating from HSBC was influenced by several factors. Firstly, HSBC analysts highlighted the substantial capital costs associated with Tesla’s non-core electric vehicle (EV) projects, including Full Self-Driving (FSD) technologies, the Dojo supercomputer, and the recently launched Optimus robot. These ventures are expected to incur above-average expenses due to regulatory and technological hurdles. They…
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Parts Authority president & CEO honored with education award
Northwood University recently honored the president and CEO of Parts Authority and six other prominent supporters of educational learning within the automotive aftermarket industry during its annual Automotive Aftermarket Management Education Awards luncheon in Las Vegas, Nevada. As a visionary leader and innovative executive, Randy Buller transformed what was once a New York-based family business…
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Olean Chamber Lunch and Learn to focus on electric vehicles, charging
OLEAN – Businesses looking to electrify transportation needs can sign up to learn more about electric vehicles, charging, and funding opportunities. The Greater Olean Area Chamber of Commerce has scheduled its next Lunch and Learn event for noon Nov. 16, with “Plugging Into NY’s Future: EV Ownership & Charging Installation Incentives Explained.” The topic is…
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SAMMY HAGAR To Auction 2015 Ferrari LaFerrari At BARRETT-JACKSON Scottsdale Auction
Barrett-Jackson, The World’s Greatest Collector Car Auctions, will auction a highly desirable, one-of-one 2015 Ferrari LaFerrari owned by legendary Rock And Roll Hall Of Fame inductee, multi-platinum solo artist and former VAN HALEN frontman Sammy Hagar during the 2024 Scottsdale Auction, January 20-28 at WestWorld of Scottsdale. One of just 499 units originally produced, this…
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Open Lending Joins CUNA as Associate Business Member to Champion the Credit Union Movement and Near-Prime Consumers
#inform-video-player-1 .inform-embed { margin-top: 10px; margin-bottom: 20px; } #inform-video-player-2 .inform-embed { margin-top: 10px; margin-bottom: 20px; } AUSTIN, Texas–(BUSINESS WIRE)–Nov 9, 2023– Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, today announced it has joined the Credit Union National Association…
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Cars.com to Participate in Three Investor Conferences in November
CHICAGO, Nov. 9, 2023 /PRNewswire/ — Cars.com Inc. d/b/a Cars Commerce (NYSE: CARS) (“Cars Commerce”), an audience-driven technology company empowering the automotive industry, today announced that Alex Vetter, Chief Executive Officer of Cars Commerce and Sonia Jain, Chief Financial Officer of Cars Commerce will host meetings at the following three investor conferences in November: Conference: RBC…
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Island residents invest generously in skilled trades education
The island’s largely retired, white-collar population places a high demand on the rest of the community for all kinds of qualified skilled trades workers, so when Indian River State College needed capital to build a state-of-the-art workforce training facility, residents like John’s Island Real Estate President Bob Gibb recognized the value of practical, marketable education.…
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Group14 Technologies Commences Phase I Expansion into Europe with the Planned Restart of its Silane Manufacturing Factory in Germany
In the coming 12 months, Group14 expects to hire 65 new employees in technical and administrative roles to operate its silane production factory in Spreetal, Germany WOODINVILLE, Wash. and SPREETAL, Germany, Nov. 9, 2023 /PRNewswire/ — Group14 Technologies, the leading global manufacturer and supplier of advanced silicon battery technology, announced the commencement of Phase I of…
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HAAS Alert Expanding Safety Cloud Across Europe
North America’s largest automotive V2X digital alerting platform has launched in Europe and will be rapidly expanding coverage and growing its car-to-car messaging network. HAAS Alert, a Chicago-based automotive technology developer, announced the formal launch of its Safety Cloud platform in Europe. Safety Cloud, which is the largest commercially deployed digital alerting and connected vehicle…