Industry News

Cool Technologies, Inc., an innovator in mobile power generation, energy efficiency, and heat removal technologies raised $650,000 from company insiders, existing shareholders and a new strategic shareholder to complete an MG system on a Ford F350 Dually and to retire all existing convertible debt. The truck will be demonstrated to target OEM's, up-fitters and future partners later this year. A key partner, Inverom Corporation/Innova EV, is handling the..."/>
Cool Technologies Makes Progress in August
Harley-Davidson chief executive officer Keith Wandell has been named Dana Inc.' s interim board chairman after the death of Joseph C. Muscari. Wandell, 66, has been a member of the Maumee auto parts supplier's board of directors since 2008. He served as president and CEO of Harley-Davidson from 2009 to 2015 and had top leadership posts at Johnson Controls."/>
BRIEF: Dana names Wandell board chairman [The Blade, Toledo, Ohio]
Tesoro Corp., a San Antonio, Texas, petroleum refiner. Terms of the deal have not been disclosed, but Virent will stay in Madison, and its jobs will stay here, CEO Lee Edwards said. He called the agreement "a critical milestone" for Virent and its BioForming technology."/>
Texas oil refiner Tesoro to buy Madison renewable fuels developer Virent [The Wisconsin State Journal]
TEGNA President and CEO upon Close of Spin-off; Dave Lougee to Become CEO& President of TEGNA; Alex Vetter to Serve as CEO& President of Cars.com. MCLEAN, Va.---- TEGNA Inc. today announced it intends to spin-off Cars.com from TEGNA, creating two independent publicly traded companies: TEGNA, the largest independent broadcast station group among major network affiliates in the top 25 markets,..."/>
TEGNA to Create Strong, Market-Leading Broadcast and Digital Companies; Plans to Spin off Cars.com to TEGNA Shareholders
Malibu Boats, Inc. today announced its financial results for the fourth quarter and fiscal year ended June 30, 2016.. Highlights for the Fourth Quarter of Fiscal Year 2016. Net sales increased 9.8% to $66.7 million compared to the fourth quarter of fiscal year 2015. Unit volume increased 2.0% to 922 boats compared to the fourth quarter of fiscal year 2015. Net sales per unit increased 7.7% to $72,321 compared to the fourth quarter of fiscal year 2015, and net..."/>
Malibu Boats, Inc. Announces Fourth Quarter and Fiscal Year 2016 Results
Shiloh Industries, Inc., a leading global supplier of lightweighting, noise and vibration solutions, today reported financial results for its fiscal third-quarter 2016.. Revenue for the third quarter was $248.8 million, down from $266.1 million in the third quarter of 2015, due mainly to changes in customer production schedules and fewer shipping days in the quarter. Gross margin for the third quarter increased 210 basis points to 9.7 percent..."/>
Shiloh Industries Reports Third-Quarter 2016 Results
Wayfair Inc., one of the world's largest online destinations for home furnishings and décor, now offers Apple Pay on the web with iOS 10 to help shoppers make easy, secure and private payments in Safari on iPhone, iPad and Mac with a single touch. The new capability will make shopping Wayfair’ s vast catalog of more than 7 million products even easier as more customers shop for..."/>
Wayfair Announces Mobile Web Checkout Integration with Apple Pay
Imvescor Restaurant Group Inc., a leading franchisor of restaurants operating 223 locations in Eastern Canada, reported financial results today for the 13 weeks ended July 31, 2016. This press release should be read in conjunction with the Company's management discussion and analysis and..."/>
Imvescor Restaurant Group Reports Continuing Strong Results for Q3 Fiscal 2016
Sears Canada Inc. today announced operational highlights and financial..."/>
Sears Canada Reports Second Quarter Results
Autoliv Inc, a provider of automotive safety systems, and Volvo Cars, a premium car maker, announced on Tuesday the signing of a letter of intent to form a new jointly-owned company to develop next generation autonomous driving software. This planned new company will have its headquarters in Gothenburg, Sweden and an initial workforce taken from both companies of around 200, increasing to over 600 in the medium term. This new JV company is expected to start operations in early..."/>
Autoliv and Volvo Cars announce JV for autonomous driving
Autoliv Inc, a provider of automotive safety systems, and Volvo Cars, a premium car maker, announced on Tuesday the signing of a letter of intent to form a new jointly-owned company to develop next generation autonomous driving software. This planned new company will have its headquarters in Gothenburg, Sweden and an initial workforce taken from both companies of around 200, increasing to over 600 in the medium term. This new JV company is expected to start operations in early..."/>
Autoliv and Volvo Cars announce JV for autonomous driving
Integrated Device Technology, Inc. announced that Samsonite has selected IDT as exclusive IC provider for its first generation of products featuring wireless charging. A global leader in travel bags, luggage and accessories, Samsonite selected IDT's P9038 wireless power transmitter to enable wireless charging in two new business collections, EnerQI and Lady Tech. Samsonite plans to introduce the products in Europe in the first..."/>
Samsonite Selects IDT as Exclusive IC Provider for its First Generation of Products Enabling Wireless Charging
ITT Educational Services Inc., which has a Merrillville campus, shut down Tuesday, shortly after a federal crackdown that prohibited it from accepting any new students with federal financial aid. The for-profit school's closure will put 8,000 employees out of work and disrupt the education of about 40,000 students nationwide. "It is with profound regret that we must report that ITT Educational Services, Inc. will discontinue academic operations at all of its ITT..."/>
ITT has shut down Merrillville campus, all other locations [The Times, Munster, Ind.]
Scholastic, the global children's publishing, education and media company, is providing universal tips that can help children everywhere become lifelong readers. Compiled from data gathered for the Kids& Family Reading Report™ U.S., U.K., Australia and India editions, the survey of both children and their parents revealed four key, actionable themes: "the power of choice," "reading aloud," "..."/>
International Literacy Day: Get Kids Reading with 4 Big Ideas from 4 Countries
Toyota Motor Corporation. Hiroyuki Fukui, president of Toyota Motor Asia-Pacific, said that although EVs are eco-friendly and produced using highly advanced technology, many people still prefer conventional vehicles because EV prices remain high. "Thailand's automotive industry is a..."/>
Toyota: Environmental awareness key to EVs [Bangkok Post, Thailand]
Hilton Worldwide revealed on Wednesday that its brand, DoubleTree by Hilton has unveiled its first property in the Dallas suburb of Arlington, at 1507 N. Watson Road, Arlington, Texas 76006.. The hotel opens just a few miles from the community's entertainment district, after a renovation of USD10m. Less than five miles from Six Flags Over Texas, AT&T Stadium, Globe Life Park, the 237- room, five-story property offers different amenities and over 6,000 sq ft of flexible meeting space."/>
Hilton unveils DoubleTree by Hilton in Dallas-Fort Worth Area after USD10m renovation

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