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AT&T and Daimler Trucks North America Go Global

Vlad Poptamas

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Photo source: daimler-trucksnorthamerica.com
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Will Add More than 20 Countries Across Europe and Australia for High-Speed Internet Services Connected by AT&T

AT&T* and Daimler Trucks North America (DTNA) are taking wireless connectivity for DTNA’s heavy-duty trucks outside North America for the first time.

Today, AT&T provides connectivity for DTNA’s Detroit Connect platform across the U.S. and Canada. The Detroit Connect platform is installed on all new DTNA’s Freightliner Cascadia trucks built for customers in those countries. We will now expand the relationship to cover trucks built for the Australian and European markets.

The new Cascadia sets new standards in fuel efficiency, safety technologies and the latest connectivity solutions. Detroit Connect, connected by AT&T, enables enhanced safety reporting, powertrain diagnostics, software & features over-the-air updates and fuel efficiency analytics capabilities for vehicles across North America.

Daimler Trucks North America can now offer these services outside North America for 2018 model year Freightliners and newer.

New multi-year agreements cover Australia, Austria, Belgium, Bulgaria, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Netherlands, Norway, Poland, Portugal, Romania, Spain, Sweden, Switzerland and the United Kingdom.

“We’ve had tremendous success in launching our proprietary connected vehicle platform with AT&T,” said Jason Krajewski, director of Connectivity, Daimler Trucks North America. “Working with AT&T, we will expand our connectivity services and connected vehicle portfolio to more vehicles and more regions.”

“Daimler Trucks North America is the industry leader in bringing IoT connectivity and innovative solutions to long-haul trucking industry,” said Chris Penrose, President, IoT Solutions, AT&T. “Broadening our collaboration outside North America for the first time will bring the benefits of efficiency, safety and performance to customers on a global scale.”

Get more information about AT&T’s leadership in the connected vehicle space here.

Editor - With a passion photo photography, webdesign and content, it made sense for me to also integrate news editing and press release publishing. I am also passionate about the car industry, so you will surely find some exciting news reporting from my side about the automotive industry.

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Acquisitions

Thor Industries Provides Update On Erwin Hymer Group Acquisition

Vlad Poptamas

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Photo source: erwinhymergroupna.com
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Thor Industries, Inc. (NYSE:THO) today provided an update on its pending acquisition of the Erwin Hymer Group (EHG). The Company announced that Thor and the sellers are finalizing discussions to exclude EHG’s North American operations from Thor’s purchase of EHG. Thor and EHG are currently negotiating appropriate revisions to the terms of the stock purchase agreement including adjustments to the purchase price and assumed liabilities as a consequence of the exclusion of EHG’s North American operations.

Upon completion of the current negotiations, Thor will provide an update regarding the changes to the financial terms of the agreement resulting from the exclusion of the EHG’s North American operations from the transaction. The revised terms are expected to include, among other things, both a reduction in the purchase price and a reduction in the obligations the Company would have otherwise assumed under the terms of the original stock purchase agreement, as well as a reduction in the acquisition financing debt the Company has syndicated to fund the purchase. The equity consideration component of the purchase price is not anticipated to change and the negotiated adjustments are expected to be made within the terms of the Company’s committed acquisition debt financing agreements.

The combination of Thor and EHG will create the world’s largest RV manufacturer, with leading positions in both North America and Europe. EHG’s European operations, which represent the vast majority and core of EHG’s operations, were and are the driving strategic rationale for the acquisition. The acquisition of EHG will provide attractive growth opportunities for the Company, both in the near and long term, through EHG’s access to the growing European RV market.

Thor noted that it has received all requisite regulatory approvals. Thor expects that its purchase of EHG will be completed within the Company’s fiscal third quarter

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Aerospace

First Production 2020 Toyota GR Supra Goes for $2.1 Million at Barrett-Jackson Scottsdale Auction

Vlad Poptamas

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The first production 2020 Toyota GR Supra to roll off the assembly line was auctioned off for charity. It's a fitting start to the launch of the fifth-generation GR Supra, which made its world debut at the 2019 North American International Auto Show in Detroit.
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Proceeds Benefit American Heart Association and the Bob Woodruff Foundation

The first production 2020 Toyota GR Supra to roll off the assembly line, “Global #1,” was auctioned for charity this evening for $2.1 Million at the 48th Annual Barrett-Jackson Auction at WestWorld of Scottsdale. All proceeds of the fifth-generation GR Supra, which made its world debut on January 14, 2019, during the 2019 North American International Auto Show in Detroit, went to support the American Heart Association(AHA) and the Bob Woodruff Foundation (BWF).

“We did the first production 2020 GR Supra justice tonight at Barrett-Jackson,” said Bob Carter, executive vice president of sales, Toyota Motor North America. “When Toyota launches a vehicle of this caliber, you only get one chance to do it right – and this auction was the perfect setting. After 20 years, this marks the return of a legend. Sportscar enthusiasts have been dreaming to slide behind the wheel of an all-new Supra – and we’re happy to be a part of turning that dream into a reality.”

A build unlike any other in the world, “Global #1” is the only VIN that will end in 20201 – with “2020” representing the year the Supra was reintroduced to the world and “1” marking it as the first vehicle to roll off the production line. The exterior is factory-finished with a matte gray exterior, red mirror caps and matte black wheels. Inside, the Supra is just as unique, with a red interior and carbon-fiber inserts representing the first of the launch edition for the U.S. market.

“It was an honor to have Bob Carter and the rest of the Toyota team join us on the block for the historic sale of the first production 2020 Toyota Supra,” said Craig Jackson, chairman and CEO of Barrett-Jackson. “The incredible excitement of the Supra rolling across the block was felt by everyone in the arena. This was a moment that was 20 years in the making. More importantly, we’re thrilled to have joined with Toyota in their efforts to raise funds in the fight against heart disease and stroke, as well as support our nation’s military veterans.”

The sale of the Supra supports the American Heart Association (AHA), the nation’s oldest and largest voluntary organization dedicated to fighting heart disease and stroke, and the Bob Woodruff Foundation (BWF), which finds, funds and shape programs benefitting post-9/11 impacted veterans and their families.

“Toyota knows acceleration, so it’s no surprise their generous support is helping accelerate science to end heart disease and stroke, the world’s No. 1 and No. 2 killers worldwide,” said American Heart Association CEO Nancy Brown. “The American Heart Association is honored to partner with Toyota to create healthier communities and empower people to be in the driver’s seat of their health.”

Auction proceeds also support BWF’s programs for veterans, service members and their families BWF, founded in 2006 after reporter Bob Woodruff was hit by a roadside bomb while covering the war in Iraq, has led an enduring call to action for people to stand up for heroes and meet the emerging and long-term needs of today’s veterans.

“As our nation’s veterans return home, the Bob Woodruff Foundation helps ensure that those who are impacted by their service are supported by best-in-class programs addressing their current and long-term needs,” said Anne Marie Dougherty, CEO of the Bob Woodruff Foundation. “Our mission is made possible by the enduring commitment and generosity of our partners at Toyota, and we’re grateful to be part of their vision for a better tomorrow.”

The winning bidder also received a full VIP race track experience that includes a fully customized professional racing suit, two VIP passes and hot passes to TOYOTA OWNERS 400 – Richmond Raceway and a chance to drive the pace car and do hot laps with Michael Waltrip.

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Automotive

RONN Motor Group, Inc. Announces Today That It Has Signed Two JV Strategic Partnerships In The People’s Republic Of China

Vlad Poptamas

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Ronn Motor Group, Inc.
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RONN Motor Group, Inc. Announces Today That It Has Signed Two JV Strategic

Partnerships In The People’s Republic Of China, To Develop Zero-Emission Hydrogen Fuel-

Cell Vehicles And Hydrogen Infrastructure

Zero emission automaker signs $100 million (USD) registered capital JV strategic partnership on November 1, 2018 to manufacture, sell and develop hydrogen fuel-cell vehicles in China.

RONN Motor Group, Inc. announced today the signing of two JV Strategic Partnerships on November 1, 2018 leading to a definitive 3-way Joint Venture to co-develop its all-electric, zero-emission, hydrogen fuel-cell/battery automobiles and trucks and buses. “While all specifics won’t be released until all agreements are completed before January 31, 2019, RONN will retain 51% of the new energy vehicle Joint Venture relationship at $5.00 (USD) per share,” said Ronn Ford, CEO.

Kevin Hong, founder and Chairman of Arbor Lake Capital, the advisory group for RMG, stated, “With the driving factors of NEV national policies and industries, the fuel cell commercial vehicles in China is expected to enter the regional maturity stage in 2020-2025 and will reach an outbreak growth in 2025-2030. In terms of fuel-cell passenger cars, it is expected that the market would enter the mass production stage in 2020-2025.”

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