Month: November 2022

New York’s Vision Automotive Group sold 10 dealerships to Atlantic Coast Automotive Inc., according to the Rochester Business Journal and a person briefed on the transaction. Atlantic Coast Automotive, of Miami Lakes, Fla., bought three Hyundai stores, three Nissan stores, two Kia dealerships, a Chrysler-Dodge-Jeep-Ram store and a Buick-GMC store. The dealerships are in Rochester,
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Tech startups in the automotive industry and mobility space are phenomenal at innovating but terrible at scaling up their operations, Quin Garcia, co-founder and managing director of Silicon Valley venture capital firm Autotech Ventures, said Friday at the Automotive News Congress in Los Angeles. During a wide-ranging discussion about venture capital-backed startups partnering with established
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Formula 1 last week announced plans for the new F1 Academy, an all-female race series that’s set to launch in 2023 and serve as a driver development program for young female racers. Aimed at drivers currently in go-karting or other junior categories, the series aims to encourage more female drivers to enter higher echelons of
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By Joey Klender Posted on November 21, 2022 Italian hypercar maker Automobili Pininfarina released record-breaking acceleration and braking metrics for its Battista hypercar. The Battista spent several days at the Dubai Autodrome, where its credentials were confirmed through a set of record-breaking runs. The Battista achieved 0-60 MPH acceleration in just 1.79 seconds and 0-120
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Warehouse and distribution giant Prologis sees autonomous trucking as the future of logistics. The San Francisco-based company is in the early stages of organizing its business to serve shippers and motor carriers that plan to add electric and autonomous big rigs to their fleets, said Henrik Holland, global head of mobility at Prologis. Holland outlined
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Just as “Black Panther” marketing reaches a crescendo, the brand hype has started for the year’s next mega-blockbuster, “Avatar.” Mercedes-Benz debuted a co-promotional campaign with the sci-fi sequel, called “Avatar: The Way of Water,” which hits theaters Dec. 16. The effort, created in partnership with Avatar’s movie studio 20th Century Studios, will run globally and
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