Motorcar Parts of America Announces Strategic Convertible Note Investment
–Co-Founder of Private Equity Firm Joins Board– LOS ANGELES–(BUSINESS WIRE)–Motorcar Parts of America Inc. (Nasdaq: MPAA) today announced it has entered into a note purchase investment with funds affiliated with or advised by Los Angeles-based Bison Capital Asset Management, LLC, and the sale of $32,000,000 in aggregate principal amount Convertible Notes due in 2029. The […]
Home Car Delivery Legislation Passes Illinois State Senate, Clears Initial Legislative Hurdle
More Than 34,000 Illinoisans Have Gone To DeliverMyCarHome.com To Learn More PHOENIX–(BUSINESS WIRE)–Legislation to clarify Illinois state law as permitting home car delivery by automotive dealers passed a key initial hurdle by securing a unanimous 57-0 vote in the Illinois State Senate. The legislation, sponsored in early February by Illinois State Senator Patrick Joyce, was […]
Astrolab’s FLEX Rover to be Launched on Upcoming SpaceX Mission to the Moon
FLEX rover expected to be the largest and most capable rover ever to travel to the Moon HAWTHORNE, Calif.–(BUSINESS WIRE)–Today Venturi Astrolab, Inc. (Astrolab), announced it has reached an agreement with Space Exploration Technologies (SpaceX) for the company to transport Astrolab’s Flexible Logistics and Exploration (FLEX) rover on an upcoming mission to the Moon. SpaceX […]
Velan Studios and Mattel Release Hot Wheels®: Rift Rally, a Full Throttle Mixed Reality Racing Experience for iOS and PlayStation
Starting Today, Players Can Fire Up Classic and Reimagined Hot Wheels Cars in Hot Wheels: Rift Rally to Experience High-Velocity Mixed Reality Racing at Home TROY, N.Y.–(BUSINESS WIRE)–The future of racing is here! Velan Studios and Mattel, Inc. (NASDAQ: MAT) today launched Hot Wheels: Rift Rally, a new mixed reality racing experience now available on […]
micromobility.com Inc. Announces Expansion into E-commerce and Retail, with First Physical Store Planned Opening in Soho, NYC, Capitalizing on $186.2 Billion Market Opportunity
Company Exploring National Franchising Potential to Broaden Reach and Deliver On-site Customer Support from a Wider Network of Physical Locations NEW YORK–(BUSINESS WIRE)–micromobility.com Inc. (NASDAQ: MCOM), leading micromobility ecosystem, announced yesterday the introduction of its e-commerce platform (www.micromobility.com) and the upcoming establishment of a chain of brick-and-mortar stores, commencing with its flagship location in Soho, […]
The Art of Management: Top tips from the collision industry’s most controversial manager
Malice, Ontario — A rising bodyshop has unveiled a new strategy to their sophisticated operations running at full speed: tasking house pets to manage and lead shops from the front. Located just outside the town of Malice, Ont., Paint and Pawlish is a unique business under unique management, whose Google reviews vary from the bemusing […]
Parts Shortage Particulars: B.C. managers respond as industry feels heat of long waits for customers
Vancouver, British Columbia — Parts shortages and labour retention issues are hardly something British Columbia bodyshops need a reminder of, however, as they face increased scrutiny from customers facing long repair waits, some in the industry feel inclined to respond. An article recently published by Global News attempts to speak to some of the issues […]
Glory to OARA: Recycler convention and trade show held in Mississauga, Ont.
Mississauga, Ontario — Various verticals of the automotive industry were in Mississauga for the Ontario Automotive Recyclers Association (OARA) annual Convention and Trade Show, which saw more than 400 attendees—not including the last-minute registrations at the venue. While OARA did not officially kick off until Friday morning, plenty of delegates arrived a day early for […]
EV/AV Report: Zero emission legislation, power cuts and donuts
Toronto, Ontario — The European Union approves the 2035 phase out of CO2-emitting cars, a new NHTSA recall after 637 Lucid Airs lose power to their motors and a self-driving car collides into a car doing donuts at 1 a.m. This is the latest in electric and autonomous vehicles. Stamp of Approval The European Union […]
Stress Tests: How Transport Canada evaluates crash prevention systems
Toronto, Ontario — Faceless mannequins, running red lights and jotting notes in the passenger seat: just another day of testing collision prevention systems at Transport Canada. A recent video on the department’s YouTube channel showcases some of these behind-the-scenes evaluations of Advanced Driver Assistance Systems (ADAS) and collision prevention technologies at Transport Canada’s Motor Vehicle […]
