November 25, 2020

Day: November 18, 2020

HOUSTON, Nov. 18, 2020 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI), (“Group 1” or the “Company”), an international, Fortune 500 automotive retailer, today announced that senior management will present at the Stephens Annual Investment Conference 2020 on Thursday, November 19, 2020.  The virtual conference presentation is scheduled to begin at 3:00 p.m. E.T.

A softcopy of the Company’s presentation material provided at the virtual conference will also be available within http://www.group1corp.com/events and within the Investor Relations section of Group 1’s website at http://group1corp.com/company-presentations. 

About Group 1 Automotive, Inc.
Group 1 owns and operates 185 automotive dealerships, 241 franchises, and 49 collision centers in the United States, the United Kingdom and Brazil that offer 31 brands of automobiles. Through its dealerships, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service contracts; provides automotive maintenance and repair services; and sells vehicle parts.

Investors please visit www.group1corp.com, www.group1auto.com, www.group1collision.com, www.facebook.com/group1auto, and www.twitter.com/group1auto, where Group 1 discloses additional information about the Company, its business, and its results of operations.

Investor contacts:
Sheila Roth
Manager, Investor Relations
Group 1 Automotive, Inc.
713-647-5741 | [email protected]

Media contacts:
Pete DeLongchamps
Senior V.P. Manufacturer Relations, Financial Services and Public Affairs
Group 1 Automotive, Inc.
713-647-5770 | [email protected]
or
Clint Woods
Pierpont Communications, Inc.
713-627-2223 | [email protected]

SOURCE Group 1 Automotive, Inc.

Related Links

http://www.group1auto.com

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St. Charles Parish law enforcement officials want to put convicted, chronic drunk drivers on notice: If you get behind the wheel again while impaired they’re coming after your vehicle. 

St. Charles Parish Sheriff Greg Champagne and District Attorney Joel Chaisson announced at a news conference Wednesday that they will begin using a using a clause in Louisiana’s DWI law to seize vehicles driven by habitual drunk drivers.

Toilet-papered homes, egged vehicles, spray-painted road signs, paint-balled property manifest passion

If a person is convicted of DWI for a third time — including convictions in other jurisdictions — state law allows the district attorney’s office to impound and auction off the vehicle the offender was driving at the time of the arrest. 

The bulk of the sale proceeds, 60%, will go to the arresting agency. The rest is split between the district attorney’s office and the Louisiana Property and Casualty Insurance Commission’s efforts to reduce drunk driving and insurance rates. 

“It’s not about making money. It’s the deterrence factor,” said Champagne, who admitted that chronic drunk drivers get behind the wheel many times before they’re arrested. “We don’t catch everybody. We know that.”  

The law allowing such seizures has been on the books since the late-1990s, but Champagne wasn’t aware of it, and said neither were most of the law enforcement agencies he queried around the state. 

Champagne learned of it after Deputy Bobby McNulty brought it to the attention of Traffic Commander Sgt. Matthew Songy and Capt. George Breedy, an executive assistant to the sheriff. 

Seizures must go through due process, and there are some caveats. The car can’t be seized if it was stolen, if there’s still money owed to a financial institution or if it was owned by another person who did not know the operator was under the influence, Champagne said. 

Thus far, St. Charles Parish authorities have they’ve seized one vehicle and plan to look at a few other habitual offender DWI cases from the past three months, Champagne said. 

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HOUSTON, Nov. 18, 2020 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE:GPI), (“Group 1” or the “Company”), an international, Fortune 500 automotive retailer, today declared a cash dividend of $0.30 per share for the third quarter of 2020. The dividend will be payable on December 15, 2020, to stockholders of record as of December 1, 2020.

About Group 1 Automotive, Inc.
Group 1 owns and operates 185 automotive dealerships, 241 franchises, and 49 collision centers in the United States, the United Kingdom and Brazil that offer 31 brands of automobiles. Through its dealerships, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service contracts; provides automotive maintenance and repair services; and sells vehicle parts.

Investors please visit www.group1corp.com, www.group1auto.com, www.group1collision.com, www.facebook.com/group1auto, and www.twitter.com/group1auto, where Group 1 discloses additional information about the Company, its business, and its results of operations.

FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which are statements related to future, not past, events and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. In this context, the forward-looking statements include statements regarding our goals, plans, and business strategy to repurchase shares of Group 1 common stock, our expectations regarding the reinstatement of our quarterly dividend as well as other statements, and may include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should,” “foresee,” “may” or “will” and similar expressions. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause actual results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) board approval of future dividends, (b) general economic and business conditions, (c) the level of manufacturer incentives, (d) the future regulatory environment, (e) our ability to obtain an inventory of desirable new and used vehicles, (f) our relationship with our automobile manufacturers and the willingness of manufacturers to approve future acquisitions, (g) our cost of financing and the availability of credit for consumers, (h) our ability to complete acquisitions and dispositions and the risks associated therewith, (i) foreign exchange controls and currency fluctuations, (j) our ability to retain key personnel, (k) the impacts of COVID-19 on our business, (l) the impacts of any potential global recession, and (m) our ability to maintain sufficient liquidity to operate. For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with the SEC, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only

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Lance McGowan left his transportation logistics job at Pepsi seven years ago because he wanted more control over his time and income. McGowan now makes a living renting his cars to people in Columbus, Ohio.

Money that McGowan earns, using the car-sharing app Turo, keeps his bills paid, but the 34-year-old entrepreneur said he dreams of growing his fleet even larger. The goal is to have 10 cars and hire an assistant to help clean the cars before they’re delivered to customers, McGowan said. 

“I’d love to be in a position one day where I can just look at a car and say, ‘That’d be great on Turo,’ and, boom, I can buy it, cash, and not have to worry about if I’m going to be able to make the payments,” he said. 

lance-mcgowan-profile-pic.jpg
Lance McGowan, a Black and Korean entrepreneur in Ohio, is looking to grow his car-lending business. He has applied for a new program from Turo to help his dreams take shape. 

Lance McGowan


McGowan currently owns four cars but Turo may help him get a fifth. The company this week announced a new program, in partnership with microlender Kiva.org, where it will match every dollar — up to $7,500 — that participants earn through Kiva by starting a business sharing cars on Turo. Turo plans to lend $1 million in total for its “seed initative” with the aim of helping historically disenfranchised entrepreneurs access wealth-building opportunities.

Turo began accepting new applications for the program Tuesday. Anyone can apply to the program but initial funds are prioritized for applicants from underserved minority communities, according to the Turo website. Applicants are strongly encouraged but not obligated to list the car they buy on Turo, according to a company spokesperson.

Turo CEO Andre Haddad said having a company car helps minority business owners become more profitable and ultimately that success can chip away at the nation’s wealth gap between entrepreneurs of color and their White counterparts. Turo has “a responsibility to break down systemic racism and foster more economic growth opportunities for disenfranchised communities,” he said in a statement. 

Turo is a California startup that allows car owners to post their vehicle on its website so someone can rent it — roughly the same way Airbnb functions for homeowners. Turo’s investors include professional athletes and entertainers, all of whom have poured more than $460 million into the company, according to Crunchbase. Turo has more than 14 million users on its platform and more than 400,00 vehicles listed, the company said.

The company employs 256 people spread across San Francisco, Phoenix, London and Toronto. 

McGowan was one of the first entrepreneurs accepted into Turo’s program. He wants a Toyota Prius C but has never used Kiva for a loan. McGowan said he hopes his Kiva campaign works out because the short-term plan is to buy the Prius, pay off the auto loan in 16 months, then start working on getting a sixth car.

“I would like to grow, one car at

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A body found in a burning vehicle in Lake County has been identified as the registered owner of the car. It’s the same car believed to be involved in a fatal hit-and-run collision earlier in Glendale.

The Summit County Coroner’s Office identified the body as that of 75-year-old Richard Randolph, of Denver, according to Lake County Sheriff’s Office news release.

The vehicle, a 2015 Hyundai Sonata, Colorado license plate 717-ODQ, was found on fire on Nov. 4 along Colorado 91. The coroner’s office used dental records in coming to the positive identification.

“Video footage obtained by Lake County Sheriff’s Office support the theory that Mr. Randolph set the vehicle fire himself in what is believed to have been a suicide,” the sheriff’s office said.

On Nov. 2, Glendale police responded to Leetsdale Drive and South Cherry Street on an auto-pedestrian collision. A 74-year-old woman and her dog were hit and the driver fled the scene. The woman was taken to Denver Health Medical Center where she was pronounced dead, police said.

“Mr. Randolph is the registered owner of the vehicle allegedly involved in the fatal hit-and-run accident that occurred in Glendale,” the sheriff’s office said.

A search warrant was executed on the car and evidence was collected as part of the ongoing Glendale hit-and-run investigation.

 

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If just a decade ago you had attended a meeting at Volvo and announced a plan to sell the company to Chinese firm Geely, then spin off the Polestar performance division as an electric car company that starts with a 600-horsepower, carbon-bodied, £140,000 ($155,000) hybrid, you would surely have ruffled some turtleneck jumpers. Thin-rimmed spectacles would be adjusted in horror by the board members of safe, sensible Volvo.

And yet that’s exactly what happened, and Polestar’s first car is just as described. Aptly named the Polestar 1 (the Swedish sensibilities live on in the naming department at least), it is a hybrid with a petrol engine up front, batteries in the middle, and two electric motors at the back. It’s a fiendishly complex car, as the two-litre, four-cylinder engine under that huge bonnet is both turbocharged and supercharged to produce 308 horsepower.

This is aided by an electric motor on the crankshaft delivering an extra 68 horsepower to the front wheels, helping to torque-fill between gear changes and acting as a starter motor. Then there is the battery pack, which feeds 232 horsepower to a pair of electric motors on the rear axle.

Because the Polestar 1 is based on a shortened version of the Volvo S90’s platform, the battery doesn’t sit as low as it would in a purpose-built hybrid or electric vehicle. Instead it runs along the spine of the car through the transmission tunnel, then extends widthways into a T shape, robbing some rear trunk space.

This means you might well struggle with the golf clubs, but at least a glass panel has been installed in the back of the trunk to show off a series of thick orange power cables. It may not look it on the outside, but the Polestar 1 is proud of its hybrid underpinnings.

And so it should be. Like any other plug-in hybrid, the 1 can drive in pure electric mode or a mixture of petrol and electricity either to recharge the battery, eke out extra range, or be as fast as it can. Where most plug-in hybrids struggle to get you across town before depleting their tiny batteries, the Polestar 1 can manage 60 or even 70 miles on electricity alone. So if you plug it in at night, or at the office during the day, most owners could commute all week without once using the engine.

The Polestar 1’s battery is so large, it is slightly bigger than that of some purely electric cars, like the Mini Electric.

All that complexity results in huge amounts of power being delivered to all four wheels. Some 609 horsepower and a whalloping 1,000 newton meters

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The MarketWatch News Department was not involved in the creation of this content.


CHARLOTTE, N.C., Nov. 18, 2020 /PRNewswire via COMTEX/ —
CHARLOTTE, N.C., Nov. 18, 2020 /PRNewswire/ — Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it will serve as a founding member of ZETA, a first-of-its-kind U.S.-based coalition committed to achieving 100 percent electric vehicle (EV) sales by 2030.

ZETA will advocate for national policies to enable the full adoption of EVs throughout the light-, medium-, and heavy-duty sectors by 2030, which will support the creation of new jobs, secure American global EV manufacturing leadership, and significantly reduce carbon pollution.

“The U.S. is tracking behind other countries in driving the adoption of EVs and, as a result, the benefits EVs contribute to the environment,” said Eric Norris, Albemarle President, Lithium. “As an industry leader and major U.S. producer of lithium, Albemarle is committed to powering the potential of clean energy and is excited to join ZETA’s mission in positioning the U.S. to support a clean and sustainable environment.”

The organization is calling for the following five key policy pillars:

  1. Outcome-driven consumer EV incentives. Point-of-sale consumer incentives drive adoption, provide cost reductions and achieve real results in pushing transportation electrification. These incentives should be widely available to all EV models until there is substantial uptake.
  2. Emissions performance standards enabling full electrification by 2030. Emission targets are a key piece of protecting public health and sending the correct market signals to support and accelerate the transition to zero emission transportation.
  3. Infrastructure investments. Strong federal charging infrastructure investments will drive the electric transportation transition and ensure that the United States is leading the way in a clean recovery where everyone is better off.
  4. Early retirement incentives for legacy vehicles. Even if every vehicle purchased moving forward is electric, without further action, full turnover of the U.S. vehicle inventory will take a generation. Incentivizing early retirements while encouraging EV adoption will speed the transition and meet the urgency of the moment.
  5. Federal leadership and cooperation with sub-national entities. Federal support should invest in research and development, provide an aligned vision for electrification, and ensure local leaders are empowered with the expertise and resources to support full vehicle electrification.

“For the first time in a generation, transportation is the leading emitter of U.S. carbon emissions. By embracing EVs, federal policymakers can help drive innovation, create hundreds of thousands of new jobs and improve air quality and public health,” said Joe Britton, Executive Director of ZETA. “ZETA’s formation recognizes a pivotal moment for national leadership and reflects the will of the growing clean transportation sector.”

ZETA is comprised of a diverse, non-partisan group of 28 founding members including, Albemarle Corporation, ABB Inc., Con Edison, Duke Energy, Pacific Gas & Electric, Rivian, Salt River Project, Tesla, Uber and Volta, among others. For more information, please visit www.zeta2030.org.

About Albemarle
Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, N.C., is a global specialty chemicals company

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DUBLIN, Nov. 18, 2020 /PRNewswire/ — The “India Automotive Connectors Market by Vehicle Type, by Connection Type (Wire to Wire Connection, Board to Board Connection and Wire to Board Connection), by System Type, by Application Type, by Company and by Geography, Forecast & Opportunities, 2025” report has been added to ResearchAndMarkets.com’s offering.

The Indian Automotive Connectors Market is projected to grow at a strong CAGR during the forecast period owing to the growing demand for vehicle electrification, the growing demand for light weight vehicles and safety features in the vehicles.

In 2016, the government of India pushed manufacturers to increase road safety and alerts them to include airbags, antilock braking (ABS) and speed warning systems as standard equipment in all cars from October 2018 which increases the demand for safety systems in the automobiles. This move is a step forward to reduce road accidents and casualties by the Indian government.

Based on connection type, due to rise in the demand for automotive safety systems and increase in the number of electronic components, wire to the board connection segment held the largest market share in the automotive connector market in 2019.

Furthermore, the increasing number of road fatalities has forced the manufacturers to invest more on automotive safety features and components. Moreover, the increasing price of fuel has led to the increase in the demand for hybrid and fuel-efficient vehicles which is expected to boost the growth of the Indian Automotive Connectors Market through 2025.

Some of the major players operating in the Indian Automotive Connectors Market are Delphi Automotive, Sumitomo Electric Industries Ltd., Molex Incorporated, Yazaki Corporation, Japan Aviation Electronics Industry, Ltd., JST Mfg. Co., Ltd., AVX Corporation, Amphenol Corporation, Hirose Electric Co.,Ltd, Foxconn Technology Group etc.

Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

  • Historical Years: 2015-2018
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Period: 2021-2025

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on India Automotive Connectors Market

4. Executive Summary

5. Voice of Customer
5.1. Product Awareness
5.2. Product Pricing
5.3. Factors Influencing Purchase Decision

6. India Automotive Connectors Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (Passenger Cars and Commercial Vehicles)
6.2.2. By Connection Type (Wire to Wire Connection, Board to Board Connection and Wire to Board Connection)
6.2.3. By System Type (Sealed Connector System and Unsealed Connector System)
6.2.4. By Application Type (Body Control & Interiors, Fuel & Emission Control, Safety & Security System and Engine Control & Cooling System)
6.2.5. By Region
6.2.6. By Company
6.3. Market Attractiveness Index

7. India Passenger Cars Connectors Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Connection Type
7.2.2. By System Type
7.2.3. By Application
7.2.4. By Country
7.3. Market Attractiveness Index

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The MarketWatch News Department was not involved in the creation of this content.

Nov 18, 2020 (The Expresswire) —
Global “Automotive Brake Actuation Systems Market” report includes the market strategy, market orientation, expertise opinion and knowledgeable information. Automotive Brake Actuation Systems report provides market growth and Revenue, market share and size that helps to understand future prospects. The Automotive Brake Actuation Systems report also covers the current market information, porter’s five forces analysis with threat of new entrants, threat of substitute products and services, key challenges, opportunities in Automotive Brake Actuation Systems Industry.

Get a Sample PDF of Report – https://www.marketreportsworld.com/enquiry/request-sample/14589776

With the slowdown in world economic growth, the Automotive Brake Actuation Systems industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Automotive Brake Actuation Systems market size to maintain the average annual growth rate of 15 from million USD in 2014 to million USD in 2019, BisReport analysts believe that in the next few years, Automotive Brake Actuation Systems market size will be further expanded, we expect that by 2024, The market size of the Automotive Brake Actuation Systems will reach million USD.

This Report covers the manufacturers’ data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers.

The global Automotive Brake Actuation Systems market is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2024. In 2020, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon. Global Automotive Brake Actuation Systems Market growth provides detailed coverage of the market which includes industry chain structure, definitions, applications, and classifications. The report offers SWOT analysis for Automotive Brake Actuation Systems market segments. The report provides helpful insights into all the leading trends of the Automotive Brake Actuation Systems market. It delivers a comprehensive study of all the segments and shares information regarding the leading regions in the market.

To Understand How COVID-19 Impact is Covered in this Report. Get Sample Copy of the report at-https://www.marketreportsworld.com/enquiry/request-covid19/14589776

The Automotive Brake Actuation Systems Market report also focuses on some of the key growth prospects, including new product launches, MandA, RandD, joint ventures, collaborations, agreements, partnerships, and Automotive Brake Actuation Systems market growth of the key players functioning in the market, both in terms of regional and global scale. Analysts forecast the Global Automotive Brake Actuation Systems market to grow at the highest CAGR during the forecast period 2020-2024.

List of

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a group of people standing in front of a bicycle


© Copyright (c) Daily Maverick , All Rights Reserved


On Saturday morning, I found myself surrounded by bicycles on a small street of Khayelitsha listening to the story behind the Ekuphumleni Community Action Network (CAN). The street had effectively shut down and turned into a small stage where people listened attentively and mingled while observing physical distancing rules.

A few cars made their way through the crowd slowly and with patience, understanding that in this context, they were not the priority and that respecting the majority of users of the space was the only way to get through. At that point, Sindile Mavundla, who would then lead us on a social bicycle ride, joked that they shut down the street regularly for different functions and that “drivers are used to it”.

Sindile then gave us some basic instructions for the group ride: “Try to stay in a single file, listen to the marshals, and remember we all have a right to cycle on the street.” And with that, over 60 bicycles with people of all ages and shapes got on the road and began a social ride to connect, enjoy and claim our right to the road.

This reminded me of the concept of cycling “colectivos” in Bogotá, Colombia, which for the past decade or so have grown in size and diversity. They emerged as a grassroots effort to promote cycling, some with a strong political agenda (feminist, environmentalist groups, and so on), others with a geographic identity based on their neighbourhood, but all in all, wanting to cycle together because they love bicycles (and because in a city like Bogota, it is much safer to ride in groups).

What I am seeing emerge in places like Khayelitsha and Langa is the kind of activism that seemed a far away dream in the early 2010s when I entered the bicycle advocacy space. Back then, the big ride that made the headlines was Moonlight Mass in Sea Point and the CBD of Cape Town. Connecting to other parts of the city seemed impossible, because, in a literal sense, it was. Apartheid planning succeeded in cementing barriers through highways and forced displacements. Cycling across the city was not a realistic goal despite dreams and efforts trying to prove the contrary.

During lockdown, we have had no choice but to look closer to our neighbourhoods and it turns out that looking inwards is what is required to connect with the rest of the city. In other words, promoting those “collective” efforts and energy that respond to a local desire and a growing demand turns out to be the recipe to garner the much-desired “critical mass”. Moreover, it turns out that bicycles do not only help movement, but also nurture other forms of expression and communication.

That was clear and palpable during the social Community Action Network (CAN) ride on Saturday 14 November between Ekuphumleni and Tafelsig — with some of us cycling from Langa

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