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AI to Lift Dealership Profits as Automakers Plan to Absorb the Bulk of Tariff Costs, 2026 Kerrigan OEM Survey Finds
INCLINE VILLAGE, Nev.--(BUSINESS WIRE)--Kerrigan Advisors today released the results of its fourth annual OEM survey, providing unique, and not often public, insights into the perspectives of US automotive manufacturer executives. Reflecting a strong outlook for US automotive retail among OEMs, the 2026 Kerrigan OEM Survey reveals that OEMs are increasingly seeing AI as a profitability driver at the retail level, as they navigate softening new vehicle sales and absorb the lion’s share of tariff...
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Eaton to announce second quarter 2026 earnings on July 31, 2026
DUBLIN--(BUSINESS WIRE)--Intelligent power management company Eaton (NYSE:ETN) will announce second quarter 2026 earnings on Friday, July 31, 2026, before the opening of the New York Stock Exchange. The company will host a conference call at 11 a.m. Eastern time that day to discuss second quarter 2026 earnings results. The conference call will be available through a live webcast that can be accessed at Eaton.com/investor under “Presentations.” The call replay and news release will also be avail...
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Collision Partners Acquires K&M Collision, Adds Michael Bradshaw to Executive Leadership Team
RALEIGH, N.C.--(BUSINESS WIRE)--Collision Partners acquires K&M Collision, adding Michael Bradshaw to leadership and advancing its quality-first collision repair platform....
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Faraday Future Founder and Global CEO YT Jia Shares Weekly Investor Update: Provides New Details on Upgrading Its Robotics Strategy to the “Four-Core Full-Stack AI” and Q3 Robotics Practical Deployment Campaign
LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global Embodied AI (EAI) ecosystem company, today shared a weekly business update from YT Jia, Founder and Global CEO of FF. “Hello everyone, welcome to issue 63 of our weekly report. Today, I will share how FF is upgrading its robotics strategy from the “Three-in-One” ecosystem strategy to the “Four-Core Full-Stack AI” ecosystem strategy, as well a...
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Faraday Future Announces the Termination of 5.36 Million Warrants; Cumulative Permanent Warrant Cancellations are Approx. 49.9 Million Since 2025; Optimizes the Closing Structure of Its July 2025 Financing to Accelerate the Arrival of Committed Funds
LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future,” “FF” or the “Company”), a global Embodied AI (EAI) ecosystem company headquartered in California, today announced two initiatives that further strengthen the Company's capital structure and enhance its capital efficiency.First, the Company entered into warrant termination agreements with two investors, pursuant to which warrants to purchase an aggregate of 5,359,525 shares of Class A common s...
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Le PNUD et TAILG signent un protocole d’accord pour un projet de mobilité verte et bas carbone visant à promouvoir le développement durable en Afrique et au-delà
NAIROBI, Kenya--(BUSINESS WIRE)--Le Programme des Nations Unies pour le développement (PNUD) et TAILG, une entreprise leader dans le domaine de la mobilité électrique, ont officiellement signé au Kenya un protocole d’accord (MOU) portant sur le Centre d’excellence pour la mobilité verte (Green Mobility Centre of Excellence, GM-CoE). Les deux parties ont établi un partenariat stratégique visant à mettre en œuvre conjointement des projets phares dans le domaine de la mobilité verte et bas carbone...
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UNDP and TAILG Sign MOU for a Green, Low-Carbon Mobility Project to Advance Sustainable Development in Africa and Beyond
NAIROBI, Kenya--(BUSINESS WIRE)--The United Nations Development Programme (UNDP) and TAILG, a leading electric mobility company, officially signed a Memorandum of Understanding (MOU) in Kenya regarding the Green Mobility Centre of Excellence (GM-CoE). The two parties have established a strategic partnership to jointly implement flagship projects for green, low-carbon mobility. Through multidimensional collaboration—including technological innovation, ecosystem development, and industry incubati...
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Polestar retail sales reach a record 30,423 cars in the first half of 2026
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar’s (Nasdaq: PSNY) retail sales in the first half of 2026 amounted to a record estimated 30,423 cars. In the second quarter, retail sales were an estimated 17,296 cars. Michael Lohscheller, Polestar CEO, says: “Delivering record sales in the first half of the year, despite regulatory and market headwinds, is a significant achievement. We continue to make progress across the business, delivering strong growth in several key markets, especially in the U...
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SkyDrive signs MoU on eVTOL Operations in Japan with Japan Biz Aviation, Operator of HondaJet and Bell Helicopter Charters
TOYOTA, Japan--(BUSINESS WIRE)--SkyDrive Inc. (“SkyDrive”), a leading compact eVTOL (*1) aircraft manufacturer based in Japan, announces the conclusion of a memorandum of understanding (MoU) with Japan Biz Aviation Co., Ltd. (JBZ), a major Japanese charter aircraft operator currently providing charter services for aircraft including the HondaJet and Bell helicopters. Background to our partnership, future plans SkyDrive currently holds a cumulative total of 427 aircraft orders from partners in J...
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Rivian Automotive, Inc. Announces Pricing of Underwritten Public Offering of Common Stock
IRVINE, Calif.--(BUSINESS WIRE)--Rivian Automotive, Inc. (Nasdaq: RIVN) (“Rivian”) today announced the pricing of its previously announced underwritten public offering of 75,000,000 shares of its common stock at a public offering price of $15.50 per share, for total gross proceeds of approximately $1.2 billion, before deducting underwriting discounts and commissions and offering expenses payable by Rivian. In connection with the offering, Rivian has granted the underwriters a 30-day option to pu...