Carrar Raises $5.3 Million to Deliver Commercial Battery Modules for Electric Vehicles that Triple Battery Lifetime
Patented internal two-phase immersion cooling and heating extend EV battery life by 3X, enable ultrafast charging, and prevent battery fires New investors Salida B.V., OurCrowd, and NextGear Ventures join current investors Gentherm, Next Leap Ventures, Dive Digital, and others Global EV battery thermal management system market estimated at $2.9B in 2022, expected to grow to […]
Holley Ordered to Disgorge $2 Million in Ill-Gotten Profits
WARREN, Mich.–(BUSINESS WIRE)–On March 27, 2024, the United States District Court in the Western District of Kentucky (Bowling Green) issued a judgment stating that Holley Performance Products, Inc. (NYSE: HLLY, Bowling Green, KY) SHALL DISGORGE to Specialty Auto Parts U.S.A., Inc. (Warren, MI) the $2,028,264.19 in net profit it derived from its sales of Aluminum […]
Global Transparent Plastics Market Set to Skyrocket to $189.24 Billion by 2028: Innovations in Recycling and Rise of Electric Vehicles Fuels Demand – Long-term Forecast to 2032 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The The global transparent plastics market is observing a remarkable growth trajectory and is expected to ascend from $133.79 billion in 2023 to an estimated value of $189.24 billion by 2028. This represents a compound annual growth rate (CAGR) of 7.2% over the forecast period. Key factors stimulating this growth include an uptick in […]
Fenix Parts Completes Acquisition of Neal Auto Parts
HURST, Texas–(BUSINESS WIRE)–Fenix Parent LLC, operating as Neal is an automotive recycler servicing the Central Illinois market with a population of approximately 1.3 million people. This is Fenix Parts’ eighth acquisition in the Midwest and brings Fenix’s location count to 27 full-service and 5 self-service locations. Bill Stevens, CEO of Fenix Parts, said, “We are […]
Auto Dealership Buy/Sell Market Achieves New Transaction Record in 2023, Surpassing 2021 Peak; Valuations Remain at All Time Highs for Top Franchises in High Growth Markets
Dealership buy/sell transactions increased 6% YoY according to the Annual 2023 Blue Sky Report by Kerrigan Advisors; 680 franchises sold in 2023, an increase of 5.4% compared to 2022, defying broader corporate M&A trends INCLINE VILLAGE, Nev.–(BUSINESS WIRE)– “Despite negative headwinds of higher interest rates and declining profit margins, dealers continued to seek acquisitions, powered […]
VIP Swings: Manitoba Motor Dealers Association to host first VIP Executive Golf Tournament May 14
Winnipeg, Manitoba — The Manitoba Motor Dealers Association (MMDA) will host its first VIP Executive Golf Tournament on May 14, 2024, at Glendale Golf and Country Club in Winnipeg. The MMDA announced the tourney via LinkedIn on Tuesday. Sponsors include Sirius XM, HUB, XPEL, Sales and Service Safety Association, Insurance Insight, Kijiji Autos, Trader Corporation, […]
Ford-ified Repairs: Ford releases updated repair instructions for its Mustang Mach-E SUV
Toronto, Ontario — Ford recently released updated inspection and repair procedures for minor high-voltage battery damage on its Mustang Mach-E SUV. An overview of these repair procedures, found in On Target’s vehicle repair highlights, specifically refers to the potential damage that may be found on the vehicle due to curb strikes or driving over road […]
