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Pagaya Achieves First AAA-Rated Auto ABS with $300 Million Deal, Underscoring Strength of its Auto Platform

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of a new $300 million AAA-rated auto loan ABS transaction (RPM 2025-3). This marks the first AAA-rated transaction from Pagaya’s RPM program, a milestone made possible by the consistent performance and scaled production the Company has demonstrated since launching the program six...
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KBRA Assigns Preliminary Ratings to FinBe USA Trust 2025-1

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to three classes of notes totaling to $123.17 million issued by FinBe USA Trust 2025-1 (“FinBe 2025-1” or the “Issuer”), a subprime auto loan ABS transaction. Credit enhancement on the notes is comprised of overcollateralization, subordination of junior note classes, a cash reserve account, and excess spread. As of the April 30, 2025 statistical cutoff date, the notes are collateralized by a pool of fixed rate installment automobile lo...
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Helios Technologies Appoints Ian Walsh to Board of Directors

SARASOTA, Fla.--(BUSINESS WIRE)--Helios Technologies (NYSE: HLIO) Appoints Ian Walsh to Board of Directors...
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Adventure-Ready Shine: Griot’s Garage Rolls Out New RV, Boat & ATV Cleaning Products

TACOMA, Wash.--(BUSINESS WIRE)--Griot’s Garage, the leader in car care innovation and premium detailing products, is proud to announce the launch of its brand-new RV and boat cleaning and protection line called The Adventure Line. This new line is specially engineered for the unique challenges of maintaining recreational vehicles. This latest expansion reinforces the company’s commitment to helping enthusiasts maintain pride in every vehicle they drive, from daily drivers to RVs, campers, trail...
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MesoMat Announces Seed Round Led by Ridgeline to Digitize the Tire and Drive Down Emissions

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...
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CDK Extends Relationship With Jim Ellis Automotive Group

AUSTIN, Texas--(BUSINESS WIRE)--CDK will provide their Dealership Xperience Platform, Fixed Operations Suite, and Intelligence Suite to Jim Ellis Automotive Group's 21 dealerships....
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CPAC Systems and Epec Enter Collaboration Agreement to Strengthen Intelligent Control System Offerings

GOTHENBURG, Sweden--(BUSINESS WIRE)--CPAC Systems AB and Epec Oy are proud to announce a collaboration agreement rooted in a shared commitment to advancing intelligent, connected solutions in the off-highway and commercial vehicle sectors. This strategic alliance unites two leading Nordic technology companies with a common goal: to accelerate the development of scalable, integrated systems that drive innovation across the mobility landscape. “At Epec, we are proud to join forces with CPAC Syste...
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Cobblestone Auto Spa to Support the Family of Fallen Apache Junction Police Officer, Gabriel Facio with a Fundraiser

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Cobblestone Auto Spa is announcing a special fundraising event to support the family of fallen Apache Junction Police Officer, Gabriel Facio. This event will take place at the Mesa – Signal Butte & Baseline location, on Wednesday, June 11, from 7 AM to 3 PM, 1855 South Signal Butte Road, Mesa, AZ 85209. Event Details: Location: Cobblestone Auto Spa 1855 South Signal Butte Road Mesa, AZ 85209 At this location only, 100% of single wash proceeds (full servic...
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MIT Startup TechNext Awarded Patent for Breakthrough Technology Forecasting System

ARLINGTON, Va.--(BUSINESS WIRE)--Is your R&D flying blind? MIT startup TechNext forecasts winning tech, taking the guesswork out of a $2T global spend....
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How Nissan Engineered the Safest Murano yet

DETROIT--(BUSINESS WIRE)--Crashes happen in an instant. Designing a safe vehicle takes years. The all-new 2025 Nissan Murano’s TOP SAFETY PICK+ designation from the Insurance Institute for Highway Safety (IIHS) is the result of countless hours of work from Nissan safety engineers, including the team at Nissan’s Safety Advancement Lab. At this state-of-the-art $40 million facility near Detroit, engineers put vehicles through roughly 400 crash tests each year, simulating real-world scenarios. “Du...