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CCI Approves Re-Balancing Of Existing Cross-Shareholdings Between Renault, Nissan
The Competition Commission of India (CCI) on Thursday said it has approved the deal involving the re-balancing of the existing cross-shareholdings between Renault and Nissan. Renault and Nissan are engaged in the sale of passenger vehicles and automotive parts through their wholly-owned subsidiaries Renault India Pvt Ltd (RIPL) and Nissan Motor India Pvt Ltd (NMIPL).…
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Competition Comm approves re-balancing of existing cross-shareholdings between Renault, Nissan
Both Renault and Nissan will have a 15 per cent stake in each other. The Competition Commission of India (CCI) on Thursday said it has approved the deal involving the re-balancing of the existing cross-shareholdings between Renault and Nissan. Renault and Nissan are engaged in the sale of passenger vehicles and automotive parts through their…
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How Stellantis’s investment in Leapmotor could boost China’s EV dominance
Stellantis, the Netherlands-based Jeep and Chrysler maker, is making a big bet on China: It’s shelling out €1.5 billion ($1.6 billion) for a 21% stake in the Chinese electric vehicle maker Leapmotor. Why you should load up on industrial and materials companies now | Smart Investing Off English The move is borne of desperation: Stellantis,…
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Report: Over 17% of New Vehicles Sold in Colorado Are Electric
A report from the Colorado Automobile Dealers Association shows massive growth for electric vehicle ownership in 2023, now accounting for a total of 17.1% of all new vehicle sales. The total Colorado automobile market saw a 5.5% increase in registrations in 2023 compared to 2022, but is still below the national average increase of 7%,…
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asTech Announces Scanning Support for Tesla Vehicles
asTech remote OEM scans are now available for over 99% of Tesla Car Parc PLANO, Texas, Oct. 26, 2023 /PRNewswire/ — asTech, a Repairify company and the global leader in remote diagnostics, calibrations, programming, and automotive intelligence for the collision and mechanical repair industries announces an expansion of its remote OEM solutions to now include…
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STELLA AI Integrates with Reynolds and Reynolds to Revolutionize the Dealer-Customer Experience
TAMPA, Fla., Oct. 26, 2023 /PRNewswire/ — STELLA Automotive AI, the leading provider of high-end conversational AI technology designed to revolutionize the customer experience for the automotive sector, is pleased to announce that dealerships using ERA-IGNITE or POWER Dealer Management System (DMS) can now harness the powerful capabilities of the STELLA Platform. “Dealers have been…
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SunCar Technology Group Inc. Announces $21 Million Follow-on Offering
NEW YORK, Oct. 26, 2023 /PRNewswire/ — SunCar Technology Group Inc. (the “Company” or “SunCar”) (NASDAQ: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation services in China, today announced that it has entered into certain securities purchase agreements with certain institutional investors for a follow-on offering of $21 million…
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Predii Introduces Generative AI ‘Co-Pilot’ for Automotive Service and Repair Businesses
#inform-video-player-1 .inform-embed { margin-top: 10px; margin-bottom: 20px; } #inform-video-player-2 .inform-embed { margin-top: 10px; margin-bottom: 20px; } PALO ALTO, Calif.–(BUSINESS WIRE)–Oct 26, 2023– Aftermarket AI innovation leader Predii Inc. has introduced the industry’s first automotive AI “co-pilot” designed to augment and support automotive service and repair workflows. Predii 360™ links breakthroughs in Generative AI with Predii’s…
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D-ID Launches Creative Reality™ Studio Mobile App Enabling AI Video Generation On the Go
Intuitive UI for creators wherever they are, greatly reducing time and cost to produce AI video at scale First app to enable image upload to generative AI image-to-video technology WILMINGTON, Del, Oct. 26, 2023 /PRNewswire/ — D-ID, a world leader in generative AI and creative media, today announced the launch of its popular Creative Reality™ Studio…
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Lear Reports Third Quarter Results and Increases 2023 Financial Outlook
SOUTHFIELD, Mich., Oct. 26, 2023 /PRNewswire/ — Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the third quarter 2023 and increased its full year 2023 financial outlook. Third Quarter 2023 Highlights Sales increased 10% to $5.8 billion, compared to $5.2 billion in the third quarter of…