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AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, today reported results for the first quarter ended March 31, 2025. First Quarter Highlights: Net sales of $796 million, a decrease of 7.8% compared with Q1 2024. Excluding the decreases related to foreign currency and contract manufacturing agreements that ended in 2024, $16 million and $17 million, respectively, sales decreased $34 million or 4.1%, dr...

SAN FRANCISCO--(BUSINESS WIRE)--Yesterday, Motive, the AI-powered Integrated Operations Platform, emerged victorious when a jury in the United States District Court for the Northern District of California delivered a unanimous verdict that Motive does not infringe any of Omnitracs’ patents. This jury verdict was a win for Motive, its customers, and for innovation across the physical economy. Yesterday’s verdict reinforces what Motive’s customers already know — Motive’s success is driven by the...

COLTON, Calif.--(BUSINESS WIRE)--To support public commercial EV charging infrastructure and fleet electrification, Greenlane has opened its inaugural advanced charging site in Colton, California, and secured its first commercial fleet customer, Nevoya, the first zero-emissions electric trucking carrier and technology-driven logistics platform in the U.S. The flagship facility, located at the intersection of Interstates 215 and 10, was completed just eight months after breaking ground, thanks t...

PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, announced a 10-year extension of its relationship with global fleet solutions provider, Enterprise Fleet Management, an affiliate of Enterprise Mobility. The agreement extends the decades-long partnership with WEX that dates back to 1993. WEX will continue to deliver fuel cards to Enterprise Fleet Management customers upon signup to help them monitor and control fu...

GLENDALE, Ariz.--(BUSINESS WIRE)--RTA: The Fleet Success Company, a leading provider of fleet maintenance management software, announced today the successful close of its Series A funding round, led by Susquehanna Growth Equity (SGE). This strategic investment will help RTA scale its impact, expand its team, and accelerate product innovation as it builds toward becoming the dominant leader in fleet management software. “This funding is fuel for our mission, not just our growth,” said Josh Turle...

BURLINGAME, Calif.--(BUSINESS WIRE)--Proterra Powered LLC, a leading innovator in commercial vehicle electrification technology, today announced the debut of its H2-23 battery pack as part of the Company’s new Onyx Strata series. Engineered for Class 8 trucks and other demanding commercial applications, the new form factor expands Proterra's reliable battery technology portfolio, setting performance benchmarks in heavy-duty transportation electrification. The H2-23 battery pack is Proterra’s mo...

BELMONT, Calif. & SAN FRANCISCO--(BUSINESS WIRE)--Volkswagen Group of America Inc.’s autonomous mobility subsidiary Volkswagen ADMT, LLC, and Uber Technologies, Inc. (NYSE: UBER) today announced a strategic partnership to deploy a fleet of thousands of all-electric, fully autonomous ID. Buzz AD vehicles within multiple U.S. markets over the next decade, starting in Los Angeles. Testing is expected to begin later this year, with the first commercial launch expected in Los Angeles in 2026. During...

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sonic Automotive Reports First Quarter 2025 Financial Results...

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Epika Fleet Services, Inc. (“Epika”) by an Ares Private Equity fund. Founded in 2016 and headquartered in Nashville, TN, Epika is a national provider of mobile-focused essential maintenance and repair services to commercial fleets. Epika operates across nearly 40 states and serves over 2,000 fleet custo...

EL SEGUNDO, Calif.--(BUSINESS WIRE)--EV Connect, a leading EV charging business platform, and Presto, a leading roaming platform for electric vehicle (EV) fleets on the go, today announced a new collaboration that enhances charging network infrastructure and expands accessibility for EV fleet drivers. Fleet operators will benefit from the Presto app's comprehensive platform, which allows their EV drivers to quickly locate, charge, and pay at more than 16,000 EV Connect connectors, delivering a...