Automotive News

MILWAUKEE--(BUSINESS WIRE)--Strattec (Nasdaq: STRT), a global provider of highly engineered access solutions for the automotive and mobility industries, today reported financial results for its first quarter of fiscal 2027, which ended September 27, 2026. Jennifer Slater, President and CEO of Strattec, said, “Our first quarter financial results demonstrate the impact of our transformation efforts, which enabled us to achieve a 9.2% adjusted EBITDA margin on $147.2 million in net sales. We conti...

IRVINE, Calif.--(BUSINESS WIRE)--Rivian Automotive, Inc. (NASDAQ: RIVN), an American automotive technology company that develops and manufactures category-defining electric vehicles as well as vertically integrated technologies and offers a suite of value-added services, today announced its third quarter 2026 financial results. RJ Scaringe, Rivian Founder and CEO, said: “We had great results with R2 becoming our best selling vehicle by volume in the third quarter. Customer and media feedback on...

MIAMI--(BUSINESS WIRE)--HGreg establishes its presence in Miami with its location at 8101 NW 7th Ave. HGreg provides consumers with a convenient option for exploring a variety of makes and models in one place. The Miami location features the same diverse inventory available across HGreg’s dealership network, offering local shoppers access to a broad selection of pre-owned vehicles at wholesale prices. From everyday commuter cars to vehicles suited for families and other driving needs, the selec...

VIENNA, Va.--(BUSINESS WIRE)--Navy Federal's Mission Assist: Auto campaign aims to encourage car buyers to understand their full financial picture ahead of the purchase....

COSTA MESA, Calif.--(BUSINESS WIRE)--Kinetic and Intrepid Direct Insurance today announced a new program designed to help collision repair businesses reduce ADAS repair liability....

DETROIT--(BUSINESS WIRE)--Taiwan Excellence showcased advanced automotive innovations from 10 Taiwanese companies at Reuters Events: Automotive USA 2026 in Detroit....

OLDWICK, N.J.--(BUSINESS WIRE)--Positive signs have emerged for U.S. commercial auto insurers as underwriting performance metrics have reached their most favorable level in the past decades, excluding COVID-impacted years, according to a new AM Best report.The Best’s Market Segment Report, “Commercial Auto May Finally Be Seeing Light at The End of The Tunnel,” notes that underwriting results for commercial auto have consistently been worse than for any other commercial line of property/casualty...

DETROIT--(BUSINESS WIRE)--Opus IVS today announced Quintin Paredes as Vice President of Insurer Relationships and Strategic Accounts. Paredes joins the team as demand for diagnostic solutions grows in response to the technological advancement of modern vehicles. Paredes brings over twenty-five years of experience as an automotive industry executive working at the intersection of OEMs, collision repair, and insurance. His previous roles include leadership positions at major insurers where he ser...

ELMHURST, Ill.--(BUSINESS WIRE)--Super Ego Holding (“Super Ego”), an equipment leasing company serving over 1,200 licensed carrier companies across the United States, today announced a series of updates to its lease and rental policies. Effective November 1, 2026, Super Ego will apply new safety and eligibility requirements to all new lease and rental agreements, any renewals of existing agreements, and all applications from existing customers for additional equipment. This initiative builds on...

SAN FRANCISCO--(BUSINESS WIRE)--TrashLab, an AI-native operating system for waste haulers, today announced it has raised a $12 million growth round led by early-growth equity firm Ventana, with participation from existing investors Bienville Capital, Harlem Capital, and CreativeCo. TrashLab will use the funding to accelerate its product roadmap, expand its agentic workflows, and grow its go-to-market team. As part of the round, Vinay Kumar, Co-founder and Partner at Ventana becomes a TrashLab b...