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Castle Automotive Group Completes 2 Massive Acquisitions: Naperville Chrysler Jeep Dodge Ram & Gary Lang Auto Group (Kia, Subaru, Chevrolet, Cadillac, Buick, GMC, Mitsubishi) – GlobeNewswire

OAK BROOK, Ill., Sept. 30, 2022 (GLOBE NEWSWIRE) — Castle Automotive Group (CAG), a growing automotive retailer with corporate headquarters in Oakbrook Terrace, IL, has completed two transactions this year with the acquisition of Naperville Chrysler Dodge Jeep Ram and Gary Lang Auto Group in McHenry. These two acquisitions bring Castle Automotive Group to 14 locations and 26 new car franchises throughout Illinois and Northwest Indiana with a strong portfolio of brands – Buick, Cadillac, C…….

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Automotive IoT Market is expected to display a steady growth due to the advancement in the technology and introduction of regulations to increase passenger safety| UnivDatos Market Insights – Yahoo Finance

NOIDA, India, Sept. 27, 2022 /PRNewswire/ — According to a new report published by UnivDatos Markets Insights, the Automotive IoT Market is expected to grow at a CAGR of around 25% from 2022-2028, reaching around USD 300 billion by 2028. The analysis has been segmented into Offering (Hardware, Software, and Services); Communication Types (In-Vehicle, Vehicle to Vehicle, And Vehicle to Infrastructure); Connectivity (Embedded, Tethered, And Integrated); Region/Country.

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Rivian Automotive-Mercedes Deal: More Significant (NASDAQ:RIVN) – Seeking Alpha

Michael M. Santiago

Rivian Automotive Inc. (NASDAQ:RIVN) made a big announcement earlier this month about a new partnership with premium automaker Mercedes-Benz.

The announcement followed some setbacks in 2022, including a botched announcement of higher electric-vehicle prices due to inflation, a lower production forecast due to supply-chain challenges, and a general shift in sentiment in the EV industry.

I believe Rivian Automotive’s d…….

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Rivian Automotive-Mercedes Deal: More Significant (NASDAQ:RIVN) – Seeking Alpha

Michael M. Santiago

Rivian Automotive Inc. (NASDAQ:RIVN) made a big announcement earlier this month about a new partnership with premium automaker Mercedes-Benz.

The announcement followed some setbacks in 2022, including a botched announcement of higher electric-vehicle prices due to inflation, a lower production forecast due to supply-chain challenges, and a general shift in sentiment in the EV industry.

I believe Rivian Automotive’s d…….

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United States Automotive Aftermarket Report 2022-2026: Key Players are 3M, Lear, O’Reilly Auto Parts, Advance Auto Parts, & Cooper Tire & Rubber – Yahoo Finance

DUBLIN, June 7, 2022 /PRNewswire/ — The “U.S. Automotive Aftime periodarket: Insights & Forecast with Potential Influence of COVID-19 (2022-2026)” report has been added to EvaluationAndMarkets.com’s offering.

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The U.S. automotive aftime periodarket Is predicted to doc A worth of US$464.9 billion in 2026, rising at a CAGR Of three.08%, for the interval spanning 2022-2026

The elements Similar to progress in automotive manufacturing, upsurge in used automotive gross sales, rising Quantity of smartphone clients, acceleration in electrical car gross sales and speedy urbanization would drive The enlargement of the market.

However, the market progress Can be challenged by the enlargement of journey-sharing providers and rise in aftime periodarket fraud. A pair of notable tendencies might embrace progress in common age of automobiles, enlargement of automotive supplier on on-line platforms and launch Of latest & superior automotive equipment.

The automotive aftime periodarket Inside the U.S. is rising enormously, As a Outcome of of presence of properly-established automotive enterprise. The aftime periodarket Inside the automotive enterprise is comprised of the auto providers and parts companies.

Beneficial authorities insurance coverage policies, legal guidelines, and subsidies Inside the U.S. are driving the demand for electrical automobiles, Ensuing in the growing use of Lightweight auto parts Inside the EV manufacturing To enhance effectivity, which is Extra probably to assist The enlargement of the U.S. automotive aftime periodarket in coming years.

Key gamers working Inside the automotive aftime periodarket Inside the U.S. embrace 3M Agency, Lear Company, AutoZone, O’Reilly Auto Parts, Advance Auto Parts and Cooper Tire & Rubber Agency. Extreme rivals On the market has inspired key gamers To understand a aggressive edge by Specializing in offering high-high quality merchandise.

With the growing worth aggressiveness Inside the U.S. market, numerous corporations are challenged To current revolutionary choices To assist consumers tackle the altering utilized sciences at A Low price worth, which is finally aiding the market progress.

Story continues

Key Primeics Coated:

1. Overview1.1 Introduction1.2 Value Chain Of aftime periodarket/OES in Aftime periodarket 1.3 Prime Ten Trends in Automotive Aftime periodarket 1.4 The Prolonged time period Enchancment Course of The automotive Industry1.5 Automotive Aftime periodarket Distribution Channels

2. Influence of COVID-192.1 Decline in Motorcar Sales2.2 Downfall in Shopper Spending2.3 Influence on Automotive Sellership

3. The U.S. Market Evaluation 3.1 The U.S. Automotive Aftime periodarket by Value3.2 The U.S. Automotive Aftime periodarket Forecast by Value3.3 The U.S. Specialty Auto Gear Market by Value3.4 The U.S. Specialty Auto Gear Market Forecast by Value3.5 The U.S. Specialty Auto Gear Market by Product Type3.5.1 The U.S. Auto Accessories & Look Products Market by Value 3.5.2 The U.S. Auto Accessories & Look Products Market Forecast by Value 3.5.3 The U.S. Auto Efficiency Products Market by Value 3.5.4 The U.S. Auto Efficiency Products Market Forecast by Value 3.5.5 The U.S. Wheels, Tires & Suspension Market by Value 3.5.6 The U.S. Wheels, Tires & Suspension Market Forecast by Value ]3.6 The U.S. Auto Parts Export by Value 3.7 The U.S. Auto Parts Export Forecast by Value 3.8 The U.S. Auto Parts Import by Value 3.9 The U.S. Auto Parts Import Forecast by Value 3.10 The U.S. Auto Parts Import by Areas 3.10.1 The U.S. Auto Parts Import Value from Mexico 3.10.2 The U.S. Auto Parts Import Value from Canada 3.10.3 The U.S. Auto Parts Import Value from Japan 3.10.4 The U.S. Auto Parts Import Value from China 3.10.5 The U.S. Auto Parts Import Value from Germany 3.10.6 The U.S. Auto Parts Import Value from Korea 3.10.7 The U.S. Auto Parts Import Value from Thailand 3.10.8 The U.S. Auto Parts Import Value from Taiwan 3.10.9 The U.S. Auto Parts Import Value from Vietnam3.10.10 The U.S. Auto Parts Import Value from Italy

4. Market Dynamics 4.1 Growth Drivers4.1.1 Growth in Automotive Production 4.1.2 Upsurge in Used Car Sales4.1.3 Rising Quantity of Smartphone Users4.1.4 Acceleration in Electric Vehicle Sales 4.1.5 Rapid Urbanization4.2 Key Trends and Enchancments4.2.1 Growth in Average Age Of auto 4.2.2 Expansion of Automotive Sellers on Online Platforms 4.2.3 Launch of New and Advanced Car Accessories 4.3 Challenges4.3.1 Expansion of Ride-sharing Services 4.3.2 Rise in Fraudulent Products

5. Agency Profiles

For more Particulars about this report go to https://www.researchandmarkets.com/r/n1pz9l

Media Contact:

Evaluation and MarketsLaura Wooden, Senior [email protected]

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View unique content material:https://www.prinformationwire.com/information-releases/united-states-automotive-aftime periodarket-report-2022-2026-key-gamers-are-3m-lear-oreilly-auto-parts-advance-auto-parts–cooper-tire–rubber-301562759.html

Supply Evaluation and Markets

Source: https://finance.yahoo.com/news/united-states-automotive-aftermarket-report-141500549.html

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Ford-backed battery startup Solid Power flips switch on new cell production line – Automotive News

LOUISVILLE, Colo. — Doug Campbell considers himself an unlikely chief for a battery startup on the cusp Of huge breakthroughs.

Barely Greater than a decade in the past, his first publicity to batteries acquired here when he inherited a group of engineers Engaged on lithium ion batteries for aerospace purposes. He shortly cribbed The fundamentals.

“I baby you not, I Needed To tug up Wikipedia,” said Campbell, whose background was in enterprise enchancment. “I used to be like, ‘Okay, cathode, anode, I really feel I acquired this.'”

After spending the previous decade as CEO at Strong Power Inc., Campbell and his solid-state battery agency are on agency footing. The agency, which went public by way of a particular-objective acquisition agency in December, counts Ford Motor Co. and BMW as primary backers. Samsung Ventures and Volta Power Utilized sciences are additionally buyers.

Strong Power reached one other milepost Monday, unveiling A completely operational manufacturing line That is producing sulfide-based mostly battery cells On the agency’s headquarters outdoors Boulder, Colo.

Strong Power says the cells will initially be used for inner testing and that It is In a place to producing 300 cells per week. Prototypes are anticipated to be shiped to Ford and BMW by The prime of the yr. Whereas it’s too early for set plans, Strong Power says It is concentrating on The start of mass manufacturing in 2026 for battery cells Which might assist automobiles in 2027.

Starting manufacturing represents a concrete step in finally reaching The measurement with solid-state batteries that automakers hope can ship prolonged differ – as a lot as 50 % higher than what’s out there from typical lithium ion batteries right now – for automotive consumers Who’re buying for electrical automobiles in greater quantity than ever earlier than.

Further, Campbell says temperatures in Strong Power’s particular solid-state mix are terribly safe, reducing The want Needless to say elements of cooling, which in flip reduces general battery prices by about 10 %.

“This contributes to the overarching worth proplace Of accelerating efficiency and reducing The worth, And that is lifeless center to the market ache proper now,” he informed Automotive Information.

Source: https://www.autonews.com/suppliers/ford-backed-ev-battery-startup-solid-power-launches-cell-production

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Automotive giant Stellantis pleads guilty to diesel emissions fraud – Engadget

As anticipated, Stellantis, the mother or father agency of Dodge and Jeep, has pleaded responsible to felony conspiracy costs associated to its efforts To disguise The quantity of air pollution produced by its diesel engines. The world’s fifth-largest automaker agreed this week to pay $300 million in penalties To finish a multi-yr investigation by the US Justice Division, Reuters reported on Friday.

Federal prosecutors accused Stellantis of violating the Clear Air Act, alleging the automaker tried to deceive US regulators by promoting automobiles it knew Did not meet nationwide emissions requirements. The Justice Division said Fiat Chrysler Automobiles, which merged with Peugeot mother or father agency PSA to type Stellantis in 2021, put in ilauthorized Computer software designed to cheat authorities emissions checks.

Based mostly on the agency, The agency “purposely” programmed its cars To current fewer emissions all by way of testing than beneath regular circumstances. The settlement covers roughly 100,000 automobiles purchased Inside the US between 2014 and 2016, collectively with SUVs and pickup vans produced by the automaker for its Jeep and Ram manufacturers.

Together with paying a nice, Stellantis has agreed to submit Clear Air Act compliance reviews to the Justice Division as An factor of A 3-yr probation interval. Furthermore, three Stellantis staff are awaiting trial for felony costs associated to the case. The deal comes 5 yrs after Volkswagen famously pleaded responsible to its personal emissions scandal. “Dieselgate” noticed the German automaker finally pay Greater than $20 billion in nices and authorized settlements.

All merchandise useful by Engadget are chosen by our editorial group, indepfinishent of our mother or father agency. A pair of of our tales embrace affiliate hyperlinks. Do You’d like to buy one factor by way of Definitely one Of these hyperlinks, we might earn an affiliate fee.

Source: https://www.engadget.com/stellantis-pleads-guility-doj-emmissions-probe-171448701.html

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Atlantic Coast Automotive buys 6 New York dealerships – Automotive News

Atlantic Coast Automotive Group, An monumental privately owned auto retailer, has acquired six dealerships in upstate Ny from Nye Automotive Group.

Atlantic Coast, of Miami Lakes, Fla., purchased the dealerships from Nye Automotive proprietor William Nye on Might 24, said Rob Lee, Northeast director of Tim Lamb Group, a Columbus, Ohio, dealership buy-promote agency. Lee represented The vendor Inside the transaction.

Harold Nye, William’s father, based the Nye group in 1968 with a single Ford-Lincoln-Mercury dealership. William Nye has led the group since 1998.

“The sale of my six dealerships was An monumental And refined transaction,” Nye said in A press launch.

The Nye group included Buick-GMC, Chevrolet, Chrysler-Dodge-Jeep-Ram, Ford and Toyota dealerships in Oneida and a Volkswagen dealership in Rome. Oneida and Rome are each east of Syracuse.

In June 2021, Atlantic Coast purchased two Kia dealerships in Virginia from Invoice Shepherd of Southern Auto Group.

Atlantic Coast additionally has dealerships in Maryland, Pennsylvania and Florida.

Source: https://www.autonews.com/dealers/atlantic-coast-automotive-buys-6-new-york-dealerships

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GRCC automotive program gives Grand Haven grad opportunity to shift gears – Second Wave Media

When Sophia Lonnee graduated from Grand Haven Highschool final yr, she had plans to enroll at two completely different universities.

However midway by way of summer time, she decided to shift gears.

“An factor of me was simply overwhelmed,” she says. “I used to be An reliable scholar, but I truly hated extreme school And that i didn’t know what I needed to do, so I made A selection to work Tons And currents it some thought. 

“I started asking myself, what might I Do this I take pleasure in, That would make me some respectable money? I’ve On A daily basis take pleasure ined working Alone automotive, so I started wanting into teaching packages.”

Lonnee found the Automotive Tech Job Training Program at Grand Rapids Group School. She Seems like she made The biggest transfer. 

“I Just like the palms-on expertise and All of the devices,” she says in A narrative shared by GRCC. “I actually like Accessing all the devices and the store to do the work. It’s been take pleasure inable to work on my automotive and my household’s automotives. I’ve carried out A lot of brakes and saved them Some large money. I like that Tons.” 

‘Exhausting’ but worthwhile

Automotive technicians are required to be licensed and licensed by the state of Michigan. Licensed technicians use precision diagnostic gear, service manuals and power devices to diagnose and restore automobiles.

GRCC job teaching packages supply many scholarships, grants and monetary assist.

“I get my program utterly passist for, so actually all it’s costing me is my time,” Lonnee says.

The automotive technician program is scheduled like a job. Class meets Monday to Thursday from 7:30 a.m. to 4 p.m. Lonnee works Inside the night as properly. 

“It’s Sort of exhausting,” she says, “However it’s 100% worth it, simply to have this expertise. It does take dedication, but When you get all these certifications You’ve them eternally.”

37 certifications out there

The automotive technician program is taught by teacher Gayl Beals, who has Greater than 25 yrs expertise Inside the enterprise. Beals holds an Education Specialist diploma, holds MOPAR diploma one certification and is accredited by Snap-on Tools.

“Mr. B is A very smart man,” Lonnee says. “I like how he pushes us to decide issues out on our personal. He’s a actually good teacher. This doesn’t Appear to be school In any respect.”

College students study braking methods, suspension, electrical, heating and cooling, and pc operations. GRCC holds partnerships with Ford and Chrysler Fiat To current further certifications, giving scholars The prospect To accumulate worth credentials Ensuing In further than 37 certifications.

When Lonnee finishes This method in July, she is Aware of that she Might have many alternatives.

“Whilst quickly as I don’t maintain in automotive eternally, I am going to On A daily basis have these expertise. With the connections that Mr. B has plus the demand, I’m constructive I’ll land someplace.”

The subsequent part of job teaching packages begins Aug. 8. For extra information, go to  grcc.edu/jobteaching or name 616-234-3800.

Source: https://www.secondwavemedia.com/lakeshore/features/GRCC_automotive_program.aspx

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Staluppi Jr., Kiefer Automotive Group among buyers of dealerships – Automotive News

Kiefer Automotive Group, of Eugene, Ore., purchased four Butler Automotive Group dealerships in Oregon late last year, expanding to become a 14-store group across Oregon, Idaho and California.

The two groups closed the sale Dec. 16. Sellers Chuck and Linda Butler no longer own any dealerships and retired from the industry after 45 years, according to a Dec. 21 report from ABC affiliate KDRV.com.

Chuck Butler, president of the group, in a statement in the KDRV.com report, said it took the group a few years to find the right buyer for its dealerships, as it wanted a “smaller, like-minded organization that will continue with our deep and ongoing commitment to our employees, customers, and the community.”

John and Corinne Kiefer purchased Butler Ford and Butler Acura in Ashland and Butler Kia and Butler Hyundai in Medford. Two stores, Butler Kia and Butler Hyundai, changed names, becoming Kia Medford and Hyundai Medford.

The Kiefer group retained the stores’ nearly 100 employees including General Manager Warren Cooper, who remains in charge of the four locations. John Kiefer is dealer principal.

Kiefer Automotive had 10 rooftops housing 12 franchises before the deal, John Kiefer confirmed to Automotive News.

“We have multiple renovation projects in process at the old and the new stores,” he said.

 

Source: https://www.autonews.com/retail/staluppi-jr-kiefer-automotive-group-among-buyers-dealerships

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