January 23, 2021

services

awsandblackberry

Get in, loser, we’re doing Big Data.


BlackBerry

It’s tough to get around the fact that Big Data has its claws in just about everything, up to and including your personal vehicle. That’s about to become even truer thanks to the Tuesday announcement of a partnership between Amazon Web Services and BlackBerry.

The partnership involves BlackBerry’s in-car data integration and monitoring platform, IVY. What does this mean for you, the consumer? On a surface level, nothing. But for automakers, it’s a different story. IVY will let them collect sensor data and offer up insights based on that data.

Those insights could be used to improve safety tech in cars, speed up self-driving car development or possibly even warn drivers about hazards on their route. IVY will also allow vehicle developers to more easily integrate features like over-the-air updates into platforms without having to create their own systems from scratch.

“This software platform promises to bring an era of invention to the in-vehicle experience and help create new applications, services and opportunities without compromising safety, security or customer privacy. We are pleased to expand our relationship with AWS to execute this vision and deliver BlackBerry IVY,” BlackBerry CEO John Chen said in a statement.

This partnership’s announcement has boosted BlackBerry’s stock prices, with share pricing leaping by over 52% at the time of publication.


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NEW YORK–(BUSINESS WIRE)–MidOcean Partners, a premier middle market private equity firm focused on the business services and consumer sectors, announced today that it has acquired FullSpeed Automotive (“FullSpeed” or the “Company”) from CenterOak Partners. FullSpeed is an industry leading auto aftermarket services platform offering oil changes, tire sales and rotations, brake services, car washes and other ancillary services through multiple brand formats including under the Grease Monkey® and SpeeDee® brands. The Company has a broad geographic footprint of nearly 600 franchised and company owned locations. MidOcean Partners plans to continue the Company’s aggressive growth plan through comprehensive organic initiatives and strategic M&A. Financial terms of the transaction were not disclosed.

FullSpeed Automotive was founded in 1978 and has nearly 600 automotive centers across the U.S. as well as internationally. The Company’s brands include: Grease Monkey®, SpeeDee®, American Lubefast®, and Uncle Ed’s Oil Shoppe®. The Company’s Retail Operations division also operates Havoline xpress lube locations. In addition to quick lube oil changes, FullSpeed Automotive provides a variety of other services, such as tire rotations, brake services, suspension repairs, and minor electrical-system repairs.

Daniel Penn, Managing Director at MidOcean, commented, “MidOcean has been evaluating the auto aftermarket services space for a number of years and is thrilled to partner with FullSpeed’s exceptional management team for the Company’s next phase of growth. We believe FullSpeed will continue to experience strong growth from its existing locations with industry leading customer service and robust performance metrics. We also plan to support the Company’s existing aggressive M&A strategy, as well as to drive franchise development in new and existing markets. Our focus in this sector has been in partnership with our MidOcean Executive Board member Marc Graham who brings over 35 years of expertise in this industry, and we are pleased to have Marc involved as Chairman of the Board of the Company going forward.”

Marc Graham joined MidOcean as an Executive Board member in 2020 as a dedicated resource to MidOcean’s efforts in the auto aftermarket sector. Mr. Graham is an accomplished auto aftermarket operating executive with over 35 years of senior management experience in high volume automotive consumer products and services industries. Mr. Graham’s prior experience includes roles as CEO of Take 5 Oil Change, a rapidly growing oil change business under his leadership, and President of Jiffy Lube International. Mr. Graham will be an integral member of the MidOcean-backed FullSpeed team, and will serve as Chairman of the Board of the Company.

“I’m thrilled to partner with the FullSpeed management team and am excited about the opportunities to drive growth alongside MidOcean,” said Mr. Graham. “FullSpeed has best-in-class operations across a number of different brands with a wide variety of service offerings for its customers. We plan to focus on maintaining these industry leading service levels, while also accelerating new units. We are looking forward to executing this strategic plan closely with the FullSpeed team.”

“We are excited to partner with MidOcean to drive outsized growth for

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November 25, 2020

HONOLULU – The City & County of Honolulu, Department of Transportation Services (DTS) has a new Acting Director and Deputy Director.

Jon Nouchi, the previous Deputy Director for DTS has been sworn in as Acting Director for DTS. Dre Kalili, appointed by Mayor Kirk Caldwell, has been sworn in as Deputy Director for DTS. Together, they will represent the city’s goals for sustainable, reliable and affordable transportation options, and continue the focus on moving people by Oahu’s growing transportation infrastructure.

Jon Nouchi has worked in planning and operating efficient and sustainable transportation networks in Hawaiʻi for over 20 years.

As the Acting Director of the City and County of Honolulu’s Department of Transportation Services (DTS), Jon Nouchi will continue to oversee all modes of public transportation mobility, transportation engineering, transportation technology, and transportation planning.

Mr. Nouchi previously served as the Deputy Director of DTS, the Deputy Director of Planning and Environment for the Honolulu Authority for Rapid Transportation, and the Director of Planning and Service Development for O’ahu Transit Services, Inc.

He is a graduate of the University of Southern California’s Price School of Public Policy with a B.S. in Urban Planning and Development. Mr. Nouchi also has a certificate in ʻŌlelo Hawaiʻi from the University of Hawaiʻi at Mānoaʻs Hawaiʻinuiākea School of Hawaiian Knowledge.

Dre Kalili joined the City and County of Honolulu’s Department of Transportation Services in 2019 and was appointed Deputy Director in November 2020. In the past two years, Ms. Kalili has led initiatives for policy development on rail operations, transit, and new mobility, successful competitive federal grants for electric buses, and laying foundations for non-fare revenue programs to support transit operations.

Prior to her tenure with the City, Ms. Kalili served as the Business Development Manager for the Hawaiʻi Department of Transportation Harbors Division where she was responsible for drawing in additional revenues to the self-funded commercial harbor system through adjustment of tariffs, securing long-term harbor user commitments, and increasing productivity of underused facilities. In addition to her experience at the Department of Transportation, Ms. Kalili worked for a decade at the Department of Hawaiian Home Lands in various capacities.

Ms. Kalili earned a Bachelor of Arts degree in International Affairs and a Master’s degree in Business Administration.

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  • COURTESY CITY AND COUNTY OF HONOLULU
                                Dre Kalili and Jon Nouchi

    COURTESY CITY AND COUNTY OF HONOLULU

    Dre Kalili and Jon Nouchi

The City and County of Honolulu’s Department of Transportation Services has new leadership with Jon Nouchi being sworn in as acting director after serving in the position for two weeks, the department announced today.

Additionally, Dre Kalili has been sworn in as deputy director after taking on the role earlier this month.

Nouchi has been serving as acting director since Nov. 11, when former director Wes Frysztacki decided to step down from the position.

As Honolulu Mayor Kirk Caldwell’s administration comes to a close, Frysztacki decided to move to Washington state to spend time with his family.

Nouchi has worked in “planning and operating efficient and sustainable transportation networks in Hawaii for over 20 years,” DTS said.

He had previously been serving as deputy director for DTS, but vacated the position to take on the acting director role. He also served as deputy director of planning and environment for the Honolulu Authority for Rapid Transportation.

Kalili, who was appointed by Caldwell, joined DTS last year, and has “led initiatives for policy development on rail operations, transit, and new mobility, successful competitive federal grants for electric buses, and laying foundations for non-fare revenue programs to support transit operations.”

She has served as the business development manager for the DTS’ Harbors Division. Kalili also has a decade’s worth of experience working at the Department of Hawaiian Home Lands.

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Automotive dealership broker, Performance Brokerage Services, announces the sale of Delehanty Ford in Flushing, Michigan from John and Mike Delehanty to LaFontaine Automotive Group.

IRVINE, Calif. (PRWEB) November 25, 2020

Performance Brokerage Services, North America’s highest volume new car dealership brokerage firm, is pleased to announce the sale of Delehanty Ford in Flushing, Michigan from John and Mike Delehanty to LaFontaine Automotive Group.

In 1947, Edward Delehanty founded Delehanty Pontiac in Michigan. Over 60 years later, his two sons, John Delehanty and Mike Delehanty, acquired Delehanty Ford in 2009. The dealership employs nearly 40 individuals and sold over 500 vehicles in 2019. The Delehanty family hired Performance Brokerage Services to advise them in the sale of their dealership.

Over the last 5 years, Performance Brokerage Services has represented for sale over 200 automotive dealerships making it the highest volume automotive dealership brokerage firm in North America. Paul Kechnie, the exclusive agent for this transaction and the Midwest Partner for Performance Brokerage Services commented, “With a legacy of over 70 years in the automotive industry, it was a privilege to work with the Delehanty Family. We thank them for the opportunity to be of service. The LaFontaine Automotive Group brings tremendous experience and a stellar reputation. We wish them great success with their acquisition!”

In 1980, Michael LaFontaine, Sr. and Maureen LaFontaine founded the nationally-recognized LaFontaine Automotive Group, which includes 20 retail locations and six collision centers, employing over 1,600 people. The LaFontaine family and team members have made it their mission to provide a personalized automotive experience that builds lifelong relationships that connect families and strengthen communities. LaFontaine Automotive Group is ranked by Automotive News as the 52nd largest dealer group in the U.S., selling over 35,000 vehicles in 2019.

“With two dealerships in Genesee County, we are focused on continuing to foster lifelong relationships with residents and businesses alike, and with this new location, we will be able to increase our support and make a greater impact on those living and working in the surrounding communities.” said Kelley LaFontaine, Vice President, LaFontaine Automotive Group.

“The Delehanty’s are a great family and are well-respected in Genesee County, having a long history of giving back to their local community,” added Ryan LaFontaine, COO of LaFontaine Automotive Group. “Their customer and community-first mindset aligns perfectly with our mission. We are committed to continuing on the legacy the Delehanty family has created over the past 70 plus years and will be pouring our passion into the community.”

The dealership will remain at its current location at 1510 East Pierson Road in Flushing, Michigan and will be renamed LaFontaine Ford of Flushing.

About Performance Brokerage Services

Performance Brokerage Services, Inc. is the nation’s highest volume dealership brokerage firm, specializing in intermediary services to buyers and sellers of automotive, commercial truck, motorcycle, RV and equipment dealerships.

Performance Brokerage Services offers a unique approach by providing complimentary dealership assessments, no upfront fees, no reimbursement of costs and is paid a success fee only after the transaction

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

Nov 23, 2020 (CDN Newswire via Comtex) —
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The Report Features Following Determinants:

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Pune, Maharashtra, November 20 2020 (Wiredrelease) Market.Biz :COVID-19 Analysis: Turn massive Automotive Engineering Services Outsourcing (ESO) Market challenges into meaningful change.

Its not post-pandemic, its intra-pandemic. Were still in it, and the implications for Automotive Engineering Services Outsourcing (ESO) Market are long-reaching. Lets face it!

As the COVID-19 pandemic wreaks havoc on our global economies, Automotive Engineering Services Outsourcing (ESO) businesses are struggling to keep pace with circumstances that are changing day-to-day, if not hour-to-hour. While Automotive Engineering Services Outsourcing (ESO) organizations try to find their operational and financial footings, many activities are being put on hold. Decision-makers are struggling with the question should we change the prevalent business strategy now. This starts with understanding their changing needs and concerns. Thats what Market.Biz does best.

Get Sample PDF report @ https://market.biz/report/global-automotive-engineering-services-outsourcing-eso-market-gm/#requestforsample

AUTOMOTIVE ENGINEERING SERVICES OUTSOURCING (ESO) MARKET KEY STATS

Automotive Engineering Services Outsourcing (ESO) Market Projected Value in 2020 = $ 40,090. Mn

Automotive Engineering Services Outsourcing (ESO) Market Forecast Value in 2030 = $ 1,78,385. Mn

CAGR over the period (2020-2030) = 16.1%

The latest business report on the Automotive Engineering Services Outsourcing (ESO) market renders a detailed account of the drivers, restraints, and opportunities liable to business expansion in the upcoming years. Moreover, it defines the industry segmentation to identify the top growth prospects for stakeholders. Pre and Post COVID-19 market outlook is covered in this report. This is the most recent and up-to-date report, covering the current economic situation after the COVID-19 outbreak. The report deep dives into the crucial aspects like company profile, industry analysis, competitive dashboard, comparative analysis of the key players, regional analysis with further analysis region-wise regulatory scenario, Automotive Engineering Services Outsourcing (ESO) technology penetration, predictive trends, and prescriptive trends.

AUTOMOTIVE ENGINEERING SERVICES OUTSOURCING (ESO) MARKET: EXPLORE COMPETITOR-SPECIFIC INSIGHTS AND ACTIONS

Leaders like you must consider the impact of COVID-19 on your competitors too. This section compiles insights on key Automotive Engineering Services Outsourcing (ESO) Industry players that can help you act in this ongoing crisis with unique strategy and action. Major vendors continually compete among themselves for the leading position in the Automotive Engineering Services Outsourcing (ESO) market, with occasional spurts of competition coming from other local vendors. The top manufacturers/competitors are thoroughly analyzed in terms of the production capacity, total annual revenue generated by each company, asset market value, market share, which are systematically covered in the research report.

Key Vendors:

Bertrandt, EDAG Engineering GmbH, IAV GmbH, AVL List GmbH, Horiba, Altran, FEV Group, AKKA Technologies, ASAP Holding GmbH, Robert Bosch (ITK Engineering), Alten GmbH, Kistler Instrumente, Altair Engineering, P3 Automotive GmbH, ESG Group, RLE International Group, P+Z Engineering GmbH, M Plan GmbH

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AUTOMOTIVE ENGINEERING SERVICES OUTSOURCING (ESO) MARKET: EXPLORE GEOGRAPHIC-SPECIFIC ISSUES

As COVID-19s impact spreads around the globe, leaders like you need to understand the crisis not only in your own countrybut anywhere you do Automotive Engineering Services Outsourcing (ESO) business. This page compiles insights from regions and countries that

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Elon Musk posing for the camera: Elon Musk, founder and chief engineer of SpaceX speaks at the 2020 Satellite Conference and Exhibition March 9, 2020 in Washington, DC. Win McNamee/Getty Images


© Win McNamee/Getty Images
Elon Musk, founder and chief engineer of SpaceX speaks at the 2020 Satellite Conference and Exhibition March 9, 2020 in Washington, DC. Win McNamee/Getty Images

  • Tesla’s services business could be worth more than all of its car sales by the end of the next decade, Morgan Stanley said. 
  • The bank estimates autopilot, insurance, energy, and everything else to be worth about 53% of a new street-high target price of $540 by 2030. 
  • Investors should also consider comparing the company to other services companies, like Apple, Tinder, Roku, and video game makers, the analysts said. 
  • Visit Business Insider’s homepage for more stories.

Wall Street analysts have long compared Tesla to Apple and other tech giants more easily than its Detroit competitors.

Now, Morgan Stanley’s Adam Jonas has taken one of the strongest steps yet to do just that — and is including an array of companies including Tinder, Roku, and video game makers too.

For the first time this week, the bank included Tesla’s ancillary services — like its autopilot software, home energy products, insurance, and the long-awaited Tesla network — in its valuation of the company, which now sits at a street high of $540.

“To only value Tesla on car sales alone ignores the multiple businesses embedded within the company, and ignores the long term value creation arising from monetizing Tesla’s core strengths, driven by best-in-class software and ancillary services,” Jonas said in a note to clients on Wednesday.

His 2030 “sum of the parts” valuation gives $254 per share to Tesla’s core automotive sales category, which CEO Elon Musk has said will reach 500 million units this year. That’s about 47% of his total target.

Tesla network services, comprising everything from the company’s Supercharger network to driver-assistance software, premium infotainment, and performance upgrades — gets the next largest weight in Jonas’ analysis, at $164 per share.

Ride-hailing, something Musk previously said would be in place with a million self-driving by the end of 2020, will be worth $38 per share by 2030, Jonas says.

Insurance, which Tesla launched in California last year, and a third-party supplier business, make up the final $73 per share of Jonas total target.

All together, the new weight on non-automotive revenues are another step in transformation from a product sales business to a services-heavy, recurring revenue business like Apple, to which Morgan Stanley has often compared Tesla. The iPhone maker, Jonas points out, has grown services revenue to 40% of overall profits.

But the comparisons don’t stop there. Morgan Stanley says it consulted across teams for relevant comparisons to Tinder, Roku, and even video game makers.

“Yes, consumer behavior in a dating environment is relevant,” Jonas said. “A real eye-opener for us.”

Tesla’s stock price is up 476% this year, fueled most recently in November by the company’s addition to the S&P 500 index.

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The global car rental services is poised to experience spend growth of more than USD $ 45 billion between 2024 at a CAGR of over 8.96%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201117005911/en/

SpendEdge has announced the release of its Global Car Rental Services Market Procurement Intelligence Report (Graphic: Business Wire)

Read the 120 pages research report with TOC and LOE on “The Global Car Rental Services Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend.”

SpendEdge’s reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our car rental services procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights in the best procurement practices to mitigate losses.

Information on Latest Trends and Supply Chain Market Information: Knowledge center on COVID-19 impact assessment

Insights into the Market Price Trends

  • Raw material prices account for a significant portion of suppliers’ OPEX. Any increase in these prices leads to a substantial increase in suppliers’ OPEX which will have a direct impact on buyers Car Rental Services procurement price.

  • The increase in minimum wages across countries and expectations for a better lifestyle will compel suppliers to increase their compensations for employees. While this will increase suppliers’ OPEX, this will have an inflationary impact on buyers’ car rental services procurement expenditure.

Insights into strategies that will help buyers optimize their procurement spend

To get instant access to over 1000 market-ready procurement intelligence reports without any additional costs or commitment Subscribe Now for Free.

Some of the top Car Rental Services suppliers enlisted in this report

This car rental services procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.

Get access to regular sourcing and procurement insights to our digital procurement platform- Activate Free subscription.

Table of Content

Executive Summary

Market Insights

Category Pricing Insights

Cost-saving Opportunities

Best Practices

Category Ecosystem

Category Management Strategy

Category Management Enablers

Suppliers Selection

Suppliers under Coverage

US Market Insights

Category scope

Appendix

About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more, https://www.spendedge.com/request-for-demo?

View source version on businesswire.com: https://www.businesswire.com/news/home/20201117005911/en/

Contacts

SpendEdge
Anirban Choudhury
Marketing Manager
US: +1 630 984 7340
UK: +44 148 459 9299
https://www.spendedge.com/contact-us

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