1,422 press releases in English indexed under automotive.
"Goals for Growth" campaign supports Junior Achievement of Greater Boston in expanding economic opportunity and mobility for the region's youth BOSTON, October 19, 2026--Voya Financial, Inc. (NYSE: VOYA) and Boston Legacy Football Club (FC) announced a $50,000 donation to Junior Achievement of Greater
Leading marketers are taking on more channels, data, and measurement while reducing fragmentation, with connected customer data emerging as a key performance driver. TORONTO, October 19, 2026--StackAdapt ( www.stackadapt.com ), the leading AI advertising and orchestration platform, today released its a
African Export-Import Bank (Afreximbank) (www.Afreximbank.com), in partnership with the African Association of Automotive Manufacturers (AAAM), the African Continental Free Trade Area (AfCFTA) Secretariat, the Ministry of Trade and Investment of Egypt, and the Department of Trade and Industry of South Africa, hosted the Africa Automotive Investment Forum on the sidelines of the Alamein Africa Forum held in El Alamein, Egypt recently. The two-day Forum brought together high-level African automotive industry policymakers, private sector original equipment manufacturers (OEMs) and Africa-based component manufacturers. The Forum sought to sensitise policymakers on the policy changes and reforms needed to develop the automotive sector, enable investors to engage directly with both policymakers and manufacturers, and facilitate potential joint ventures and supply agreements or engagements leading to future deals. Afreximbank noted that the Forum prioritised joint ventures and technology transfer agreements between global auto giants and African enterprises with the expectation of creating highly skilled engineering, manufacturing and technical jobs for Africa's growing youth demographic while significantly boosting local small and medium enterprises within the secondary supply tier. It described the automotive sector as a strategic priority because it serves as a powerful catalyst for Africa’s industrialisation, intra-African trade and economic resilience, noting that several African countries were already making important strides in the development of a manufacturing sector that had attracted increasing investment into the emerging auto industry, including new energy vehicles. Highlighting the significance of the Forum for Afreximbank, Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development, said: “The automotive sector is a critical pillar for advancing Africa’s industrialisation and achieving the structural transformation championed by Afreximbank. By driving regional value chain integration, the automotive industry directly aligns with our mandate to foster intra-African trade under the AfCFTA framework. Supporting this sector allows Afreximbank to catalyse high-impact investments, stimulate manufacturing capabilities, create skilled employment, and significantly reduce the continent's heavy reliance on vehicle imports. Investing in the African automotive ecosystem is not merely a financing opportunity, but a strategic imperative that accelerates economic diversification and establishes Africa as a competitive player in the global industrial economy.” Mrs. Awani said that significant investment opportunities existed in Africa’s automotive manufacturing sector, including component manufacturing, leveraging the continent’s growing skills base and raw materials such as lithium, cobalt, manganese, nickel, copper, iron and steel. She added that Afreximbank was championing the development of a pan-African automotive manufacturing sector comprising an interrelated component and vehicle manufacturing ecosystem, supported by intra-African supply chains and trade. Mrs. Awani noted that Afreximbank had committed US$1 billion towards financing Africa’s automotive sector as part of its strategy to promote manufacturing, trade and industrial development across Africa. The Forum witnessed the signing of a joint venture agreement between Malben Engineering from South Africa and Egypt-based industrial conglomerate El Araby Group to establish a joint platform for manufacturing components serving Egyptian, South African and broader African markets. The undertaking combines El Araby Group’s industrial, engineering, and technological capabilities with Malben Engineering’s experience spanning over 50 years in manufacturing and forming metal automotive components. The joint venture illustrates the type of commercial partnership that will spur development of intra-African automotive supply chains and trade. Mr. Tarek Mosaad, President of the African Association of Automotive Manufacturers (AAAM) said: “with the AfCFTA Rules of Origin now agreed, the foundation for a more integrated automotive industry is in place. Our focus must shift to turning ambition into action by creating factories, strengthening supplier ecosystems, generating jobs, and increasing intra-African trade.” He noted that “AAAM remains focused on three key priorities: Growing local content through regional value chains Making it easier to move automotive products across borders Ensuring Africa plays a meaningful role in shaping the future of mobility| In his call to action, he cautioned that “investors are not looking at 54 separate African markets. They are looking at one integrated opportunity.” H.E. Wamkele Mene, Secretary-General of the AfCFTA Secretariat, echoed the sentiments expressed by Afreximbank and AAAM and outlined three priorities for advancing the Strategy for the African Automotive Sector under the AfCFTA framework, namely: “developing investment-ready projects and competitive production locations; strengthening regional supplier networks and deepening localisation; and establishing commercially viable regional production.” In a further step towards advancing these priorities, the AfCFTA Secretariat and the African Association of Automotive Manufacturers (AAAM) signed a Memorandum of Understanding (MoU) to strengthen cooperation in developing Africa's automotive industry. The MoU provides a framework for cooperation in implementing the Strategy for the African Automotive Sector under the AfCFTA, covering automotive Rules of Origin, customs procedures and trade facilitation, automotive policy and standards, capacity building, regional supplier and value-chain development, mineral beneficiation, investment mobilisation and emerging automotive technologies. The partnership will also support ongoing efforts by the AfCFTA Secretariat and Afreximbank to advance the AfCFTA Automotive Investment Plan, with a focus on mobilising investment and strengthening competitive regional automotive production networks. The Forum also witnessed the establishment of a joint Egypt-South Africa Business Council designed to develop bilateral trade and investment projects across various priority sectors that include automotive, mining and mineral resources, renewable energy, agriculture and food production, pharmaceuticals, transport and logistics infrastructure – leveraging the Suez Canal and national ports in both countries to facilitate increased trade between northern and southern Africa. For a more practical experience, delegates moved from policy discussion to industry exposure through curated site visits to OEMs Nissan Motor Corporation, General Motors Egypt, Al Mansour Automotive and components manufacturer Mobica in 6th of October City. The visits offered a first-hand view of Egypt’s automotive industrial base, showcasing the progression from vehicle assembly and localisation to supplier development, manufacturing capabilities and regional market reach, while illustrating the tangible opportunities for investment, technology transfer and cross-border value-chain integration that can help position Africa as a competitive automotive manufacturing hub. With African vehicle demand expected to reach 5 million by 2035 as well as rising interest in new energy vehicles globally, industry stakeholders and policymakers are seeing opportunities to drive domestic industrialisation through the automotive sector and renewables, leveraging African raw materials. Forum participants emphasised that the policy incentives must be right and that the provision of affordable financing will help drive demand and capital investments. Distributed by APO Group on behalf of Afreximbank. Media Contact: Vincent Musumba press@afreximbank.com Alexandre Siewe Alexandre.Siewe@au-afcfta.org AAAM coms@aaamafrica.com Follow Afreximbank on: https://apo-opa.co/3Wj3OCh https://apo-opa.co/4i4FpHR https://apo-opa.co/4seRkHO https://apo-opa.co/47scZmq About Afreximbank: For more information, visit: www.Afreximbank.com About AfCFTA: For more information, visit: AU-AfCFTA.org About AAAM: AAAM’s mission is to create sustainable and affordable mobility solutions, facilitate strategic linkages and partnerships, and develop regional automotive value chains that promote production and trade within and beyond the African Continental Free Trade Area (AfCFTA). AAAM is also committed to championing access to affordable financing for both the automotive industry and consumers. Today, AAAM proudly represents a network of more than 70 members spanning the continent, working together to shape Africa’s automotive future. For more information visit https://AAAMAfrica.com/
From Tesla’s (NASDAQ:TSLA) rocket-powered Roadster to Xeriant’s (OTCQB:XERI) NexBoard building panels, transformative technologies rarely emerge overnight
Cerence AI was named the Growth and Innovation Index Leader in Frost & Sullivan’s 2026 Frost Radar™ for AI-Powered In-Car Assistants.
Annual Awards Program Recognizes Breakthrough Innovation in Automotive & Transportation Technologies Around the Globe ALISO VIEJO, Calif., October 19, 2026--indie Semiconductor (Nasdaq: INDI), an automotive solutions innovator, today announced it has been awarded "In-Cabin Solution of the Year" by Auto
SINGAPORE, Oct. 19, 2026 -- VinFast Auto Ltd. ("VinFast" or the "Company") (NASDAQ: VFS), a pure-play electric vehicle ("EV") company with the mission of making EVs accessible to everyone, today announced its unaudited financial results for the second quarter ended June 30,...
Property owners and housing providers are invited to nominate locations for Envoy's fully managed electric vehicle car-sharing service, supported by a broader $8 million grant-funded initiative.
Robinette Legal Group's YouTube shorts series answers the questions West Virginia crash victims ask before they call a lawyer. MORGANTOWN, W.Va., Oct. 19, 2026 -- Most people injured in a car crash make their biggest decision in the first two weeks, often before they have...
No-cost pilot gives students hands-on experience with dealership service workflows before entering the workforce ATLANTA, Oct. 19, 2026 -- Cox Automotive Inc. today announced a new pilot program that will provide students at automotive technical schools with access to Xtime...
SANTA CLARA, CA, Oct 19, 2026 - Tenstorrent, the AI computing company, has closed $1.5B in Series E funding at a $6.2B post-money valuation. The round was led by Trace Capital and Innovation X, with participation from new and existing investors including Agostinelli Group, ARK Invest, Brett Barna, Cadence Ventures, Eclipse, Fidelity Management & Research Company, Maverick Silicon, Morgan Stanley, Protagonist, Sandisk, T. Rowe Price*, Tether Investments, Troluce Capital, Virtu Financial, and XTX Markets. Tenstorrent will use the capital to deploy Galaxy servers at scale, continuing to serve open-weight models across LLMs and video generation, and advance the AI and CPU IP it licenses to customers designing their own silicon. Tenstorrent sells AI compute at every level of the stack - from a single card or workstation to racks, superclusters, and custom IP. With an open-source software stack, developers can run frontier models locally and enterprises can deploy models on-prem at industry-leading latency and throughput. "We built one architecture and sell it at every size," said Jim Keller, CEO of Tenstorrent. "The future of compute is open, scalable, and owned by the people building on it. Our investors believe in that model too, and we appreciate their support." "Jim and his team bring decades of hands-on silicon, software, and IP experience, and we're excited to partner with Tenstorrent as Galaxy continues to scale," said Ben Mahdavi, Founder at Trace Capital. "Few companies design the chip and the software that runs on it. Tenstorrent does both, and its video generation results beat industry benchmarks ahead of our expectations," said George Bousis, Co-Founder and Managing Partner at Protagonist. "We are excited to double down in the Series E to back Jim and the team through this next phase of growth." *Accounts advised by T. Rowe Price Associates, Inc. About Tenstorrent Tenstorrent is an AI compute company led by CEO Jim Keller - architect of Apple A4/A5, AMD Zen, and Tesla's Full Self-Driving chip. The company builds RISC-V-based AI processors and systems for developers, enterprises, and sovereign infrastructure worldwide. In addition to servers and workstations, Tenstorrent licenses its TT-Ascalon RISC-V CPU and Tensix AI cores to chip designers including Samsung and LG. Backed by Bezos Expeditions, Samsung, LG Electronics, Hyundai Motor Group, Fidelity Management and Research Company, and others, Tenstorrent operates from Santa Clara, Austin, Toronto, Belgrade, Tokyo, and Bangalore. tenstorrent.com About Trace Capital Trace Capital is an investment firm that invests in, acquires, and builds exceptional businesses across stages and industries. The firm takes a long-term, concentrated approach to businesses at the forefront of technological change and the industries being transformed by it. Trace Capital was founded in 2026 by Ben Mahdavi, who previously co-founded Quiet Capital and led its Access strategy. During his time at Quiet, the firm invested in many of the leading technology businesses of the past decade. www.tracecap.com About Innovation X Founded in 2016 by Roger Monteforte, Innovation X is a late-stage venture capital firm that invests in privately held companies with innovative or disruptive technologies across defense technology, fintech, artificial intelligence, infrastructure, and the space economy. Innovation X Advisors has over $4.5B under management across multiple funds (as reported on Form ADV as of 12/31/2025). Tenstorrent Media Contact: Justin Mauldin Salient PR achievemore@salientpr.com 737.234.0936 SOURCE: Tenstorrent
Demo now available for car restoration road trip adventure playable with up to three friends. Summer may be over, but there's still time for one last adventure! My Summer Project Together is bringing its demo to Steam Next Fest from October 19–26, 2026, giving players a chance to build their dream car, earn money for parts, and enjoy the freedom of the countryside with friends...