October 21, 2020
car

Car-sharing startup Getaround raises $140 million as business recovers from pandemic low

By Tina Bellon



a view of a car going down the highway: FILE PHOTO: Cars drive underneath the Mulholland Bridge on the 405 freeway in Los Angeles, California


© Reuters/JASON REDMOND
FILE PHOTO: Cars drive underneath the Mulholland Bridge on the 405 freeway in Los Angeles, California

(Reuters) – Car-sharing company Getaround Inc on Wednesday said it has raised $140 million in additional venture capital funding at a time when its business is seeing growing demand and recovering from a collapse during the early days of the coronavirus pandemic.

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The San Francisco-based company, backed by Japan’s SoftBank Group Corp , has raised a total of nearly $600 million since it was founded more than ten years ago and in previous rounds was valued at more than $1.5 billion.

The company allows private vehicle owners to rent out their cars through Getaround’s platform on an hourly or daily basis and operates in over 100 U.S. cities and more than 170 European locations after the company acquired a local competitor in 2019.

Getaround’s business suffered

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Steve Barlow Named to Lead Lumileds Automotive Business Unit

Lumileds announced today that Steve Barlow has been appointed as President of the company’s Automotive Business Unit. Mr. Barlow has successfully led the Lumileds LED Solutions Business Unit for over 3-years and, in his more than 18 years of executive leadership at Lumileds, he has managed both sales and marketing of automotive, illumination and specialty LED businesses for Lumileds.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201012005112/en/

Steve Barlow, President, Automotive Business Unit (Photo: Business Wire)

Mr. Barlow has over 28 years of sales, marketing, and business development experience in the semiconductor and LED lighting industry. He first joined Lumileds in 2003 and helped to build its LED lighting business. Steve re-joined Philips Lumileds in 2017 as the company’s SVP of Illumination. In 2012, Mr. Barlow served as the Chief Commercial Officer at Intematix Corporation and then in 2014 as SVP of sales and business development at

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Transportation business in Maine still running on empty, months into pandemic

More than half a year since the pandemic brought U.S. travel to a grinding halt, a significant number of would-be passengers still are avoiding airline, bus and rail travel to and from Maine.

Passenger counts on air and rail connections to the state, even during the busy summer season, have remained dramatically lower than a year ago. Meanwhile, traffic on state roads has largely rebounded after cratering this spring.

That trend mirrors the national travel picture, said Roger Dow, president and CEO of the U.S. Travel Association. Months after the pandemic first hit American shores, U.S. consumers still feel safer traveling by car and staying fairly close to home, rather than taking longer trips that require close contact with strangers.

“People say they are extremely comfortable driving – they are comfortable driving with their own family,” Dow said. “When it comes to air traffic, the confidence level is about 30

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car

Norvin Nazari – The Entrepreneur Who Has Transformed The Car Business Forever

LOS ANGELES, CA / ACCESSWIRE / October 6, 2020 / Norvin Nazari is a successful self-made entrepreneur. He was born and raised in Los Angeles, CA in a Persian-American household. From a young age, Norvin knew he wanted to be a businessman and started getting involved in the business world at 14 years old. At age 18, he got his first job in car sales at Audi, where he found his passion for selling cars. This passion, along with his motivation to build his own business, led Norvin to quit his job and open his own auto brokerage business, Modi Auto Group, Inc, without any financial backup. Norvin knew that there were better ways to help people get their dream car, and with his previous experience, he was able to apply his knowledge to offer the best deals and services.

“I wanted to create a service where people can buy

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Sage Automotive Interiors Completes Acquisition of Adient’s Automotive Fabric Business

Increased capacity, expansion, in European automotive industry

GREENVILLE, S.C.–(BUSINESS WIRE)–
Sage Automotive Interiors (an Asahi Kasei company) has now completed its agreement to acquire the automotive fabric business of Adient (NYSE: ADNT).

Sage Automotive Interiors has paid $175M and received regulatory approvals under the agreement announced on March 5, 2020.

“Strengthening our position in Europe will enable us to better support multiple OEMS locally and more broadly as we combine the best of both company operations,” said Dirk Pieper, CEO of Sage Automotive Interiors.

“We look to expand capacity and capability for automotive interior products to the European market to continue our global position as the #1 preferred automotive interiors company,” said Pieper.

Committed to developing innovative designs and creating high performing interiors without compromising the environment, Sage is a global company with more than 30 locations in 19 countries.

“Europe continues to be a key growth

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Sage Automotive Interiors Completes Acquisition of Adient’s Automotive Fabric Business – Press Release

GREENVILLE, S.C.–(Business Wire)–Sage Automotive Interiors (an Asahi Kasei company) has now completed its agreement to acquire the automotive fabric business of Adient (NYSE: ADNT).

Sage Automotive Interiors has paid $175M and received regulatory approvals under the agreement announced on March 5, 2020.

“Strengthening our position in Europe will enable us to better support multiple OEMS locally and more broadly as we combine the best of both company operations,” said Dirk Pieper, CEO of Sage Automotive Interiors.

“We look to expand capacity and capability for automotive interior products to the European market to continue our global position as the #1 preferred automotive interiors company,” said Pieper.

Committed to developing innovative designs and creating high performing interiors without compromising the environment, Sage is a global company with more than 30 locations in 19 countries.

“Europe continues to be a key growth area for Sage Automotive Interiors. In addition, the technology and capabilities

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Global Automotive Refinish Coating Market 2020 Business Strategies, Product Sales and Growth Rate, Assessment to 2029

Pune, Maharashtra, India, September 30 2020 (Wiredrelease) Prudour Pvt. Ltd :Market.us delivers granular analysis of Automotive Refinish Coating Market To Witness Robust Expansion Throughout The Forecast Period 2020 2029, which includes global industry analysis, key market trends, vendor classification with their market positioning, sales, revenue and market share with the product type and by applications. Likewise, The development ratio which is expected in perspective of the rational analysis provides thorough information concerning contributions by way of top key vendors, demand, and deliver complete evaluation as well as market proportion boom of the Automotive Refinish Coating industry.

Automotive Refinish Coating Market: An Structure Overview

Automotive Refinish Coating Market play a vital role in chemicals and materials industry. This intelligence report along with (2020-2029) Forecast of Automotive Refinish Coating market study exhibits a pattern of interpreting previous data sources gathered from the most reliable sources and sets a precedented growth trajectory

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Global Automotive Pneumatic Actuators Market 2020 Up to date Business Strategies, Product Sales and Growth Rate, Assessment to 2029

Pune, Maharashtra, India, September 30 2020 (Wiredrelease) Prudour Pvt. Ltd :Market.us delivers granular analysis of Automotive Pneumatic Actuators Market Segments, Opportunity, Growth And Forecast By End-Use Industry 2020-2029, which includes global industry analysis, key market trends, vendor classification with their market positioning, sales, revenue and market share with the product type and by applications. Likewise, The development ratio which is expected in perspective of the rational analysis provides thorough information concerning contributions by way of top key vendors, demand, and deliver complete evaluation as well as market proportion boom of the Automotive Pneumatic Actuators industry.

Automotive Pneumatic Actuators Market: An Structure Overview

Automotive Pneumatic Actuators Market play a vital role in automotive industry. This intelligence report along with (2020-2029) Forecast of Automotive Pneumatic Actuators market study exhibits a pattern of interpreting previous data sources gathered from the most reliable sources and sets a precedented growth trajectory for the Automotive

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Global Automotive Power Window Motor Market 2020 to 2025 – Top Manufacturers, Business Strategy and Forecast Report

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

Sep 29, 2020 (CDN Newswire via Comtex) —
Global Automotive Power Window Motor Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 comprises the past, current, and projection size of the market. The report provides an in-depth segment analysis of the market, providing valuable insights to the rivals. The report covers various domestic vendors in the global Automotive Power Window Motor market with a competitive scenario. The study document is distributed inside this examination, comprehensive of things like the business size concerning value and volume during the forecast period from 2020 to 2025. The report includes numbers, subdivisions, revenue, and shares as well as the exhaustive calculation of the industry chain structure, market drivers, opportunities, industry news analysis, and industry policy analysis.

Our top experts have studied the market with the reference of data given

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Global AT Automotive Torque Converter Market 2020 Business Growth Rate, Manufacturing Analysis, Size, Share, Cost Structure and Forecast to 2025

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

Sep 29, 2020 (CDN Newswire via Comtex) —
The research report titled Global AT Automotive Torque Converter Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 is an exclusive and in-depth study that delivers a comprehensive view of the market includes the current trend and prospects of the market with respect to the products/services. The report is prepared to offer an analysis of the current trends, a financial overview of the industry, historical data evaluation, and complete market dynamics. Both the growth and the decline of the global AT Automotive Torque Converter market are described in the report. The report gives an overview of the market’s segmentation by components, end-user, and region through in-depth traction analysis of the overall industry.

The report evaluates the key vendors functioning in the market with their relevant products/services to

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