Category: Business Wire

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Auto Dealership Buy/Sell Market Hits All-Time Record in First Half of 2024, Nearly Double Pre-Pandemic Average

204 transactions, representing a record 381 franchises, were completed in the first half of 2024, according to the Second Quarter 2024 Blue Sky Report® by Kerrigan Advisors; activity was largely driven by an increase in sellers seeking to capture strong blue sky values and well-capitalized buyers INCLINE VILLAGE, Nev.–(BUSINESS WIRE)–#autoindustry–The auto dealership buy/sell market experienced […]

Faraday Future Announces “Your Vision, Our Drive: Co-Creating the Future of Affordable AI EVs” Co-Creation Campaign

LOS ANGELES–(BUSINESS WIRE)–Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that a co-creation campaign, “Your Vision, Our Drive: Co-Creating the Future of Affordable AI EVs” will begin on September 4. This campaign will be a key component of FF’s Second […]

JBT Corporation Announces Extension of Voluntary Takeover Offer for All Marel hf. Shares

CHICAGO–(BUSINESS WIRE)–JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced that the Financial Supervisory Authority of the Central Bank of Iceland (FSA) has granted an extension of the expiration of JBT’s voluntary takeover offer to acquire all issued and outstanding shares of Marel […]

Cepton Signs Definitive Agreement to be Acquired by Koito

After closing of the proposed transaction, Cepton will operate as a privately held indirect subsidiary of Koito in the U.S., with corporate headquarters in San Jose, CA. Cepton and Koito have partnered since 2017 to industrialize high-performance lidar solutions for mass-market automotive, smart infrastructure and industrial applications. The proposed transaction is poised to accelerate the […]

I Squared Announces New Shareholders in Transportation Equipment Network (“TEN”) the Leading North American Full-Service Trailer Lessor

Mubadala Investment Company, Qatar Investment Authority and other co-investors to invest over $600 million to fund further growth Proceeds from the fundraise used to fund the acquisitions of NETS, CTL and TIP Canada; Underscores I Squared’s ability to build and scale platforms Investment creates a North American champion for flexible last-mile transportation solutions and an […]

AESC Appoints Knudt Flor as CEO for United States and Europe

Flor will also serve as Global Head of Quality, reporting to CEO Shoichi Matsumoto YOKOHAMA, Japan–(BUSINESS WIRE)–AESC, a Japan-based global leader in high-performance battery technology for electric vehicles and energy storage systems, today announced the appointment of Knudt Flor as Chief Executive Officer (CEO) for U.S. and Europe and as Global Head of Quality. He […]