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SINGAPORE--(BUSINESS WIRE)--Karooooo Ltd. (“Karooooo”) announced the pricing of an underwritten secondary public offering (the “Offering”) of 1,500,000 ordinary shares held by Isaias (Zak) Jose Calisto, Karooooo’s chief executive officer (the “Selling Shareholder”), at a price to the public of $50.00 per ordinary share (the “public offering price”) for total gross proceeds of approximately $75.0 million. The Offering is expected to close on June 13, 2025, subject to customary closing conditions...

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, announced today that it will participate in the Deutsche Bank Global Automotive Conference on Wednesday, June 11, 2025. Conference participation will be in-person and consist of a fireside chat and investor meetings. PHINIA’s President and CEO, Brady Ericson, and CFO, Chris Gropp, are scheduled for a fireside chat with Deutsche Bank’s analyst Edison Yu...

HAMILTON, Ontario--(BUSINESS WIRE)--MesoMat, a startup transforming tires into data-rich, connected devices, today announced it has raised a Seed Round led by Ridgeline with participation from RISC Capital, RPV Global, GTAN including the Archangel Network’s Adrenaline and Starforge Funds, Extra Innings Ventures and others. The funding will support MesoMat as the company accelerates commercialization, expands hardware production, and continues the development of its proprietary tire management p...

NORTHBROOK, Ill.--(BUSINESS WIRE)--Teletrac Navman, a Vontier company and the connected mobility platform for industries that manage vehicle and equipment assets, today announces a contract extension with HERE Technologies, the leading location data and technology platform, to provide customers with the most up-to-date driver safety data as a Preferred Supplier. Teletrac Navman integrates high-quality map data and location services from HERE, including geocoding and search, route matching, map...

LONDON--(BUSINESS WIRE)--Commenting on these results, Robert Gordon, CEO of Mitsubishi HC Capital UK PLC, said: “Despite the headwinds of the past year, Mitsubishi HC Capital UK PLC has delivered a strong and resilient performance. Our unwavering focus on delivering value-added products and exceptional service across both commercial and consumer markets has driven record levels of new business, while also deepening relationships with existing customers. “Through strategic investments in our peo...

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, participated today, Tuesday, June 10, 2025, in the Wells Fargo’s 2025 Industrials and Materials Conference. PHINIA’s participation was in-person and consisted of a fireside chat and investor meetings. PHINIA’s President and CEO, Brady Ericson, and CFO, Chris Gropp, joined a fireside chat with Wells Fargo’s, Colin Langan. The event was webcasted and is...

SAN FRANCISCO & LOS ANGELES--(BUSINESS WIRE)--Leap and Xos today announced a new partnership to unlock grid revenue opportunities for electrified fleets....

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today announced it has entered into a definitive agreement for PHINIA to acquire all of the issued and outstanding shares of Swedish Electromagnet Invest AB (publ) (“SEM”). Founded in 1915, SEM is a prominent provider of advanced natural gas, hydrogen and other alternative fuel ignition systems, injector stators and linear position sensors primarily fo...

LONDON & SAN FRANCISCO--(BUSINESS WIRE)--Wayve and Uber Technologies, Inc. (NYSE: UBER) today announced a first-ever plan to develop and launch public-road trials of Level 4 (L4) fully autonomous vehicles in London. This announcement marks the UK as the largest market where Uber has announced an intention to pilot autonomous vehicles. These trials will combine Wayve's industry-leading Embodied AI platform with Uber’s global mobility network, marking a significant step forward in bringing autono...

PARIS--(BUSINESS WIRE)--PHINIA Inc. (NYSE:PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, has announced its inaugural presence at the world’s most prestigious aerospace industry trade show, the Paris Air Show 2025. Taking place between 16-22 June at Le Bourget Exhibition Center in Paris, PHINIA’s debut at the event marks a significant step in the company’s expansion into the aerospace industry. PHINIA will be exhibiting in Hall 4, Stand E97, where it will...