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ConnectM, Keen Labs and Star Engineers Launch StarConnectM LLP to Accelerate AI-Powered Connected Vehicle Platforms
Globenewswire· 2025-11-20 19:00
Core Insights - ConnectM Technology Solutions, Inc. has announced the formation of a joint venture named StarConnectM LLP, in collaboration with Star Engineers India Pvt. Ltd. This venture aims to develop intelligent connected vehicle products and software-defined vehicle platforms for automotive OEMs [1][2][5] Group 1: Joint Venture Overview - The new entity, StarConnectM LLP, will focus on designing, developing, manufacturing, and scaling intelligent connected vehicle products [2][5] - StarConnectM will enhance Keen Labs' AI-powered Smart Mobility Platform, providing IIoT architecture, edge intelligence, and cloud-connected vehicle analytics [2][5] - The joint venture combines manufacturing excellence from Star Engineers with software-defined mobility technologies from ConnectM and Keen Labs, creating an end-to-end ecosystem [3][5] Group 2: Strategic Importance - The partnership addresses the need for automotive OEMs to have reliable partners for connected vehicle technology and production scaling [4] - StarConnectM aims to redefine the end-user experience by integrating embedded electronics, AI software, and cloud analytics within a trusted industrial framework [4][5] - The initial operations will be based in India, with plans for expansion into select global markets [5] Group 3: Company Backgrounds - Star Engineers India Pvt. Ltd. is recognized for its advanced automotive electronic systems, supplying various components to global OEMs, ensuring scalable production aligned with safety and performance standards [6] - ConnectM Technology Solutions, Inc. operates across multiple segments, delivering AI-powered solutions in electrification, distributed energy, and industrial IoT [7] - Keen Labs, as ConnectM's technology subsidiary, focuses on developing AI-powered industrial IoT and SaaS products for the modern energy economy [8][9]
GENTEX AND GENIE PARTNER TO BRING CLOUD-BASED GARAGE DOOR ACTIVATION TO HOMELINK
Prnewswire· 2025-11-20 14:32
Accessibility StatementSkip Navigation Genie logo (PRNewsfoto/The Genie Company) Gentex ZEELAND, Mich. and MT. HOPE, Ohio, Nov. 20, 2025 /PRNewswire/ -- Gentex Corporation (NASDAQ: GNTX) and The Genie® Company today announced an agreement that allows Gentex to integrate Genie's Aladdin Connect® platform into HomeLink®, the automotive industry's leading car-to-home automation system. The partnership will enable Gentex customers to control connected Genie products via HomeLink, securely triggering garage door ...
Foresight: Eye-Net Together with Renault Group and Orange Enter Large-Scale Live Public Transportation Safety Trial in France
Globenewswire· 2025-11-20 13:12
Core Viewpoint - The trial aims to demonstrate the real-world readiness of Eye-Net's collision-prevention platform, supporting the commercial adoption of its V2X technology [1][5] Group 1: Project Overview - Eye-Net Mobile Ltd., a subsidiary of Foresight Autonomous Holdings Ltd., has launched a smart mobility "Collision Prevention" project in Bordeaux, France, in collaboration with Renault Group, Orange S.A., and other participants [1] - The project is part of Eye-Net's ongoing collaboration with Software République to enhance smart mobility innovation and urban transportation efficiency in France [1] Group 2: Trial Details - The live trial follows a previous phase that achieved a 99% detection rate in real-world urban interactions, indicating strong performance in urban settings [2] - This phase focuses on large-scale integration of Eye-Net's V2X collision-prevention technology within public transportation environments [2] - The trial will utilize Orange's mobile app platform and Eye-Net's collision alert system, integrated into a beta version of the TBM Mobility App, facilitating real-time data exchange between buses and cyclists [3] Group 3: Objectives and Expectations - The trial will evaluate the performance and reliability of cooperative collision-prevention alerts, gather user feedback, and assess technical readiness and user acceptance for broader deployment [4] - The CEO of Eye-Net expressed that the large-scale live trial is expected to accelerate the commercial readiness of Eye-Net's V2X platform and assess its reliability and value for cities and mobility operators [5] Group 4: Company Background - Eye-Net develops next-generation V2X collision prevention solutions and smart automotive systems aimed at enhancing road safety and situational awareness for urban mobility [5] - The company leverages advanced AI technology and existing cellular networks to provide real-time pre-collision alerts to road users through smartphones and other smart devices [5]
Gentex and Genie Partner to Bring Cloud-Based Garage Door Activation to HomeLink
Globenewswire· 2025-11-20 13:00
ZEELAND, Mich. and MT. HOPE, Ohio, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Gentex Corporation (NASDAQ: GNTX) and The Genie® Company today announced an agreement that allows Gentex to integrate Genie’s Aladdin Connect® platform into HomeLink®, the automotive industry’s leading car-to-home automation system. The partnership will enable Gentex customers to control connected Genie products via HomeLink, securely triggering garage door open/close commands from the HomeLink app or connected vehicle via the HomeLink clo ...
Rich Pzena Q3 2025: Baxter Surge and Magna Strength Highlight a Classic Deep-Value Quarter
Acquirersmultiple· 2025-11-19 23:06
Rich Pzena’s disciplined value approach remains firmly intact heading into late 2025. According to the latest 13F filing for the quarter ended September 30 2025, Pzena Investment Management LLC reported a total portfolio value of $30.94 billion. The fund’s top 10 positions account for 39.2 % of total assets, underscoring a tightly focused deep-value strategy emphasizing cyclical recoveries and normalized earnings power.Top 5 HoldingsMagna International Inc. (MGA) now leads the portfolio at $1.92 billion (6. ...
Viasat Announces Appointment of Barbara Frenkel to its Board of Directors
Globenewswire· 2025-11-19 13:00
CARLSBAD, Calif., Nov. 19, 2025 (GLOBE NEWSWIRE) -- Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced the appointment of Barbara Frenkel to its Board of Directors, effective immediately. With this appointment, Viasat’s Board is comprised of eight directors, six of whom are independent. "We are thrilled to welcome Barbara to our Board and look forward to her insight and contributions," said Mark Dankberg, Chairman and CEO of Viasat. "Barbara's deep expertise in the tra ...
X @Bloomberg
Bloomberg· 2025-11-19 12:11
Volkswagen’s Audi is considering developing a sport utility vehicle specifically for the US market as the German automaker responds to President Donald Trump’s import tariffs https://t.co/M1WJ73sI8n ...
PENSKE AUTOMOTIVE GROUP INCREASES PRESENCE IN CALIFORNIA AND TEXAS
Prnewswire· 2025-11-19 11:57
Core Insights - Penske Automotive Group has acquired four dealerships, including Longo Toyota, the largest Toyota dealership in the U.S., which is expected to add approximately $1.5 billion in estimated annualized revenue [1][5]. Group 1: Acquisition Details - The acquired dealerships include Longo Toyota and Longo Lexus in El Monte, California, Lexus of Stevens Creek in San Jose, California, and Longo Toyota of Prosper in Texas [1][2]. - The acquisition strengthens Penske's relationship with Toyota and Lexus, expands its presence in Southern California, and enhances operations in the fast-growing Dallas market [2]. Group 2: Financial Aspects - The purchase price was funded through a combination of existing credit availability and a note payable to the seller [2]. - The transaction closed on November 19, 2025, and further details were filed in the Company's Form 8-K with the SEC [2]. Group 3: Dealership Performance - The acquired dealerships retailed over 28,000 new and used units in 2024 [5]. - Longo Toyota has been the number one volume Toyota dealer in the U.S. for 58 consecutive years, while Longo Lexus has held the title of number one volume Lexus dealer in the Western U.S. for 35 years [5].
Dana and Allison Announce All Required Regulatory Approvals Received for Off-Highway Business Transaction
Prnewswire· 2025-11-19 11:50
Accessibility StatementSkip Navigation MAUMEE, Ohio and INDIANAPOLIS, Nov. 19, 2025 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) and Allison Transmission Holdings, Inc. (NYSE: ALSN) today announced that all required regulatory approvals related to the previously announced sale of Dana's Off-Highway business to Allison have been received. The parties intend to close the transaction at or near the end of this year. "This milestone marks a significant step forward in our transformation strategy," said R. Bru ...