-
REE Automotive Announces Increase in Previously Announced Registered Direct Offering to $36.4 Million with Pricing of Additional $9.4 Million at Premium to Market, Led by Strategic Investor Motherson Group
Motherson Group and M&G Investment led the round and held their ownership stake in the company Pricing is in addition to the previously announced $27 million offering New capital further strengthens REE’s cash position ahead of planned vehicle deliveries for nearly $1 billion in reservations TEL AVIV, Israel, March 26, 2025 (GLOBE NEWSWIRE) — REE…
-
Cox Automotive Forecast: First Quarter New-Vehicle Sales Expected to Increase Year over Year as Market Momentum Shows Signs of Fading
ATLANTA, March 26, 2025 – March new-vehicle sales are expected to illustrate a market not significantly impacted by tariff threats and economic uncertainty but clearly slowing after a red-hot end of 2024. The March SAAR, or seasonally adjusted selling rate, is expected to reach 15.9 million in March, a small increase from last year’s 15.7…
-
Rusty Eck Ford and Midwest Superstore Team Up to Support Automotive Education – Ad Astra Radio | Your Hometown Radio Stations & Local News Source
WICHITA, Kan. — Rusty Eck Ford and Midwest Superstore are proud to support local vocational and technical (Vo-Tech) education by donating three state-of-the-art vehicles to area institutions. This contribution aims to enhance hands-on training opportunities for students pursuing careers in the automotive industry. The donation includes:• A 2023 Ford Expedition for Hutchinson Community College• A…
-
NFO Insight: This EV ETF from ICICI Prudential Mutual Fund is now open for subscription. Will it electrify your portfolio?
ICICI Prudential Mutual Fund has launched the new fund offer (NFO) of ICICI Prudential Nifty EV & New Age Automotive ETF and ICICI Prudential Nifty EV & New Age Automotive ETF FOF. The new fund offer or NFO of the ETF is open for subscription and will close on April 2. The new fund offer…
-
Major Win: Silvaco’s Automotive Tech Selected for Advanced Vehicle Systems
Rhea-AI Impact Rhea-AI Sentiment Rhea-AI Summary Silvaco Group (Nasdaq: SVCO) announced that Faraday Technology has selected Silvaco’s FlexCAN IP for its latest automotive ASIC design. The FlexCAN controller, compliant with ISO 11898-1, supports CAN Flexible Data Rate (CAN-FD) and enables digital information exchange between vehicle modules. The Controller Area Network (CAN) protocol ensures connectivity across…
-
Xiaomi SU7’s 5-Star Crash Rating: This Is China’s Safest Car
Chinese smartphone giant Xiaomi is putting the world on notice as it transforms into an electric car company. Now, it can boast that its cars are efficient and technologically advanced, but also safe. In fact, the SU7 electric sedan has achieved five stars in China’s C-NCAP safety and crash test. The car recorded the highest scores among all…
-
Industry Leaders Discuss Emerging Car Technologies At HPCL presents Times Drive Auto Summit And Awards 2025
New Delhi: The automotive industry is on the brink of a major transformation, driven by innovations in vehicle technology, as highlighted during the HPCL presents Times Drive Auto Summit and Awards 2025. Key industry figures, including Puneet Anand (Hyundai Motor India), Vijay Kumar Misra (JK Tyres and Industries), Jyoti Malhotra (Volvo Auto India), and Ravi…
-
WATCH LIVE: HPCL presents Times Drive Auto Summit & Awards 2025
Updated Mar 25, 2025 17:02 IST Photo : ET Now Digital WATCH LIVE: HPCL presents Times Drive Auto Summit & Awards 2025 – Direct Streaming Link HPCL presents Times Drive Auto Summit & Awards 2025 , a premier event celebrating automotive excellence and fostering industry dialogues on innovation, sustainability, and the future of mobility, is…
-
Six Penn College Auto Programs Earn ASE Reaccreditation
Six automotive-related programs at Pennsylvania College of Technology have received reaccreditation from the ASE Education Foundation. The programs, which include associate degrees in automotive technology, automotive technology: Honda PACT, collision repair technology and diesel technology, as well as certificates in collision repair technician and automotive service technician, underwent a rigorous evaluation to earn the foundation’s…
-
Redesigned 2025 Nissan Kicks is a lot of SUV for little money
Nissan is on a roll. Following the acclaimed redesign of its iconic Z sports car, the well-received overhaul of its midsize Frontier pickup, and the successful update of its stylish midsize Murano crossover SUV, the company has completely redesigned its subcompact Kicks crossover SUV for 2025, making it one of the best on the market.…