Faraday Future Reports Financial Results for Third Quarter 2024
Strategic FX Second Brand Launch, Completion of Strategic Realignment, and Significant Middle East Expansion Mark Transformative Quarter. Successfully Secured and Closed on $30 Million Financing. Regained Full Nasdaq Compliance. FX Brand Launch Targets Mass Market with Models Targeted in $20,000-$50,000 Range with Potential Roll Off the Assembly Line by the End of 2025, Subject to […]
Cummins Celebrates Reopening Its Worldwide Technical Center Hub Office Tower in Columbus, Indiana
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) celebrated the reopening today of its worldwide technical center hub office tower in Columbus, Indiana. The office tower at the Cummins Technical Center (CTC) on McKinley Avenue had been under renovation since 2021. After having been mainly untouched, except for minor cosmetic improvements and flood restoration, since its original […]
EnerSys Reports Second Quarter Fiscal 2025 Results
Delivers Gross Margin of 28.5%, up 190 Basis Points From Prior Year Second Quarter Fiscal 2025 Highlights (All comparisons against the second quarter of fiscal year 2024 unless otherwise noted) Delivered net sales of $884M, down 2%, with strength in Motive Power offset by continued pressure in Communications and Class 8 Transportation Energy Systems improving […]
Subscription Scores: Autel offers free year of MOTOR TruSpeed repair data on Ultra Series tablets purchased between Nov. 1 and Dec. 31, 2024
Toronto, Ontario — Autel has announced that it is currently offering a year’s free subscription to MOTOR TruSpeed repair data on Ultra Series tablets purchased November 1 until midnight December 31, 2024. The year’s free subscription specifically represents a $650 value. Additionally, according to a recent press release, Ultra Series tablets purchased between June 1 […]
Another One: Toronto Police recover more than 300 stolen vehicles and arrest 59 suspects in ‘Project Thoroughbred’
Toronto, Ontario — Last week, Toronto police announced that 59 suspects are facing charges in response to an auto theft and re-vinning probe that included more than 300 stolen vehicles. As noted by CP24, the results of the investigation, dubbed “Project Thoroughbred,” were announced at a news conference in Toronto, led by city police. Additionally, […]
Sustainable Solutions: 3M and BASF Coatings announce collaboration to deliver co-developed SOPs and training content to collision refinish industry
Las Vegas, Nevada — 3M and BASF’s Coatings division today announced a collaboration to co-develop and deliver new standard operating procedures (SOPs) and training content to the collision repair industry. The new SOPs will be tailored to help body shops achieve greater sustainability and productivity within the automotive refinish process. The SOPs and training content are […]
Forum for the Future: LKQ Industry Client Forum sparks insight among aftermarket professionals
Las Vegas, Nevada — LKQ held the 2024 LKQ Industry Client Forum at the Encore Las Vegas on Tuesday evening, drawing key figures from the collision repair and aftermarket sectors for an exclusive opportunity to reconnect and engage in meaningful industry discussions. John Meyne, president of LKQ North America, and Mark Scafati, vice president of […]
