Automotive Servicing – Le Pocher Volvo Penta http://lepochervolvopenta.com/ Thu, 29 Sep 2022 05:14:14 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://lepochervolvopenta.com/wp-content/uploads/2021/07/icon-4.png Automotive Servicing – Le Pocher Volvo Penta http://lepochervolvopenta.com/ 32 32 The Docket: Local Court Roundup for 9/29/22 https://lepochervolvopenta.com/the-docket-local-court-roundup-for-9-29-22/ Thu, 29 Sep 2022 05:14:14 +0000 https://lepochervolvopenta.com/the-docket-local-court-roundup-for-9-29-22/ Chesterfield Circuit Court Kapitus Servicing, Inc. c. Integrity Family Care North Alabama, LLC d/b/a Integrity Family Care; Jason Lockette; and Jonathan Osborne Jr.Plaintiff claims the Alabama company is in default of a loan agreement and seeks judgment in principal amount of $152,500.Lawyers: Nhon H. Nguyen and Charles D. Waters of Nguyen|BallatoFiled: 09/15/2022CL22003165 Henrico Circuit Court […]]]>

Chesterfield Circuit Court

Kapitus Servicing, Inc. c. Integrity Family Care North Alabama, LLC d/b/a Integrity Family Care; Jason Lockette; and Jonathan Osborne Jr.
Plaintiff claims the Alabama company is in default of a loan agreement and seeks judgment in principal amount of $152,500.
Lawyers: Nhon H. Nguyen and Charles D. Waters of Nguyen|Ballato
Filed: 09/15/2022
CL22003165

Henrico Circuit Court

DHGII-Newmark South Hill LLC v. NBJ Architecture and Nilkanth R. Bhatt aka “Neil” Bhatt
Plaintiff asserts that Defendant failed to obtain updated Microtel “brand standards” documentation prior to commencing a hotel project in South Hill, and that Defendant’s shortcomings and errors in drafting the plans led to the project’s failure to comply with Microtel standards or the building code, imposing delays and expense. The plaintiff seeks a judgment of $750,000.
Lawyers: Bradley P. Marrs of Marrs & Henry
Filed: 09/09/2022
CL22005596

Valerie Walker vs. Miketa Logan Page and Oxygen Marketing & Management LLC
Plaintiff says Defendant posed as a rental housing search and placement agency, and after paying for services in cash, Plaintiff says Defendant unlawfully sublet to Plaintiff his own rental property within Lakefield Mews Apartments, and that the Defendant failed to remit the rent money that the Plaintiff paid to the management of the apartment, leading to his eviction on/around October 14, 2021. The Plaintiff seeks damages- compensatory interest of $19,914 and punitive interest of $500,000.
Lawyers: Michaela B. Ross of Hunton Andrews Kurth
Filed: 09/12/2022
CL22005651

Audacy Pennsylvania, LLC d/b/a WTDY/WOGI v. Emmett M. Avery IV d/b/a Events & Adventures, LLC
The plaintiff alleges that the defendant failed to pay for the contracted goods and services and seeks a judgment of $30,450.
Attorneys: Daniel J. Pesachowitz of Samuel I. White
Filed: 09/12/2022
CL22005662

Wells Fargo Bank, National Association, as trustee of Morgan Stanley Capital I Trust 2021-L6, Commercial Mortgage Pass-Through Certificates, Series 2021-L6 v. Apex Glenwood VA LLC
Plaintiff declares that on/about June 22, 2021, Argentic Real Estate Finance LLC, the original lender, loaned to Defendant the principal sum of $13 million, secured by, among other things, a deed of trust, an assignment of leases and rents and a security agreement. Plaintiff says that Defendant defaulted, failing to pay monthly debt service payments and reserve deposits due in July and August 2022, and on/about August 15, 2022, Plaintiff notified Defendant that, due to the default, the loan had been accelerated and the outstanding balance was now due. Plaintiff declares that on/about August 26, 2022, he was denied a property inspection, breach of loan agreement, and became aware of additional defects, including a complaint filed by the Virginia Housing Development Authority on/about August 17, 2022, which seeks specific performance and a permanent injunction against the defendant, and the existence of code violations. Plaintiff seeks the appointment of a special receiver to protect, maintain and operate the property, and any other relief the court deems appropriate.
Lawyers: Peter J. Barrett of Kutak Rock
Filed: 09/14/2022
CL22005736

William J. Dillon c. BAE Systems Ordnance Systems, Inc. aka BAE Systems, Inc. aka Ordnance Systems, Inc.; and BAE Systems, Inc.
Plaintiff says that at the time of the incident he was employed by Fireworks by Grucci, located at the Radford Army Ammunition Plant, and that Defendant is engaged in the manufacture of military grade energetics for ammunition systems and the production of explosive and propellant products for the US Department of Defense. and other customers. Claimant says that on/around September 17, 2020, as he was loading packages into his vehicle and starting to drive away, making his way out of the munitions factory, he was overwhelmed by clouds​​ harmful chemicals and/or pollutants he later discovered was nitric acid. The plaintiff says he was diagnosed with chemical pneumonia and since the exposure his lung and heart health has seriously deteriorated. The plaintiff seeks a judgment of $15 million.
Lawyers: Keith B. Marcus of Blank & Marcus
Filed: 09/15/2022
CL22005757

Richmond Circuit Court

Jermaine Hickman vs. Kroger, LLC as Kroger #514
Plaintiff says that on February 13, 2021, at 7000 Tim Price Way, he slipped on what was later identified as clear hand sanitizer, fell and suffered serious injuries. The plaintiff seeks damages of $500,000.
Attorneys: David L. Epperly of Epperly & Follis
Filed: 08/09/2022
CL22003974

Alsco, Inc. v LTC Holdings, Inc. as Medical Facilities of America
The plaintiff claims that the defendant breached a contract by unlawfully and prematurely terminating the parties’ contract and by not paying the sums due. The plaintiff seeks a judgment of $732,975.79.
Lawyers: Bradley P. Marrs and Patrick C. Henry II of Marrs & Henry
Class ; 09/09/2022
CL22003976

Mary Bitner v. Texas Roadhouse; Texas Roadhouse Management Group; and Texas Roadhouse, Inc.
The Complainant says that on/around November 2, 2020, while exiting Colonial Heights Restaurant, she fell from the sidewalk onto the sidewalk due to insufficient lighting and a defect in the sidewalk. The plaintiff seeks a judgment of $74,000 for her injuries.
Lawyers: Michael R. Krol and Robert G. Maury of the law firm Maury & Krol
Filed: 09/12/2022
CL22003986

Michael A. Drayton c. Chippenham and Johnston-Willis Hospitals, Inc. d/b/a Chippenham and/or CJW Medical Center-Chippenham Campus; Chippenham Hospital; Chippenham Hospital, Inc.; Healthcare Capital Division of HCA; and 10 related HCA entities
Plaintiff says on/around September 21 or 22, 2020, nursing staff, in an attempt to turn him in bed on his left side without taking care to protect his left hip and leg, paralyzed by a stroke, resulted in a severe fracture of the femur and permanent injuries. The plaintiff seeks a judgment of $2.5 million.
Lawyers: Sidney Schupak of the law firm Schupak
Filed: 09/13/2022
CL22003991

William R. Watson vs. K1 Speed, Inc. and Chesterfield Associates 2017 LLC
Plaintiff states that on May 22, 2022, at 1365 Carmia Way, Defendants did not reasonably prevent or attempt to prevent moving karts from crashing into stationary karts, and did not warn of pile-ups at the hairpin bend, and he suffered serious injuries when a kart slammed into him, hitting him with such force that his helmet was dislodged and thrown several yards. The plaintiff seeks damages of $250,000.
Lawyers: John C. Shea and Tara A. Enix of Marks & Harrison
Filed: 09/14/2022
CL22004121

Yann Nury v. Twisted-USA, LLC d/b/a Twisted North America
Plaintiff says he ordered a custom motor vehicle on August 25, 2021, for $265,000, paying 50% of the purchase price by December 14, 2021 in installment deposits, with an estimated delivery date of October 2022, but in August 2022 received the required construction schedule that was to be provided at the time of its last filing, which indicated project completion in February 2023, at least four months after the contract date. The plaintiff alleges breach of contract and asserts that the defendant refused to reimburse his installments. The plaintiff seeks a judgment of $132,500.
Attorneys: Vernon E. Inge Jr. and Robert William Best of Whiteford, Taylor & Preston
Filed: 09/13/2022
CL22004162

Kapitus Servicing, Inc. c. Metropolitan Atlantic Automotive Limited Liability Company d/b/a Metropolitan Atlantic Automotive; and Melody Trice
The plaintiff alleges that the Atlanta company is in default of a forward purchase agreement and seeks judgment in the principal amount of $162,761.
Lawyers: Nhon H. Nguyen and Timothy A. Hennigan of Nguyen|Ballato
Filed: 09/15/2022
CL22004182

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Chandigarh offers sops to start-ups filing patent, creating infra : The Tribune India https://lepochervolvopenta.com/chandigarh-offers-sops-to-start-ups-filing-patent-creating-infra-the-tribune-india/ Tue, 27 Sep 2022 01:31:00 +0000 https://lepochervolvopenta.com/chandigarh-offers-sops-to-start-ups-filing-patent-creating-infra-the-tribune-india/ Tribune press service Dushyant Singh Pundir Chandigarh, September 26 To promote entrepreneurship in electric vehicle (EV) mobility in UT, start-ups filing national and international patents will be reimbursed up to 50% of the cost. The cost incurred by the start-up in fees and all other costs associated with the registration of intellectual property […]]]>


Tribune press service

Dushyant Singh Pundir

Chandigarh, September 26

To promote entrepreneurship in electric vehicle (EV) mobility in UT, start-ups filing national and international patents will be reimbursed up to 50% of the cost.

The cost incurred by the start-up in fees and all other costs associated with the registration of intellectual property rights (intellectual property) will be subject to a ceiling of Rs 2 lakh for domestic intellectual property rights and Rs 5 lakh for international intellectual property rights.

Eligibility criteria to get an incentive

  • Startups must be registered with Startup India with a valid certificate from the Center
  • Startups must have their headquarters in Chandigarh
  • Should offer products/services/USPs in the EV industry/ecosystem
  • Plan benefits should not be considered a right
  • CREST reserves the exclusive right to accept/reject applications

Offer short courses

  • The Admn aims to foster skills development, training and job creation, as the manufacture and maintenance of electric vehicles requires a skilled workforce.
  • Promote industry-led e-mobility center of excellence for advanced electrical and automotive research in conjunction with key institutions/welfare networks/industrial units
  • Short courses on e-mobility, electric vehicle power equipment, repair and maintenance, battery manufacturing and maintenance will be introduced by education and transport departments

However, the incentive will only be given to the first 10 eligible patents as per the Electric Vehicles (EV) Policy recently notified by the UT administration to make Chandigarh an “EV Model City” by realizing one of the strongest penetrations of zero emissions. vehicles (ZEV) in all Indian cities by the end of the five-year policy period.

Aimed at fostering research and innovation in electric mobility and promoting entrepreneurship in the space, UT would support the objectives through the development of entrepreneurship and for this, start-ups of electric vehicles would be encouraged by incentives, an official said.

Regarding infrastructure development, UT will grant Rs 3,000 per seat (for training) on ​​a monthly basis with a maximum incentive of Rs 18,000 per month only for the top 10 start-ups related to zero-emission mobility for the political period.

To qualify for the incentive, start-ups must be registered with Startup India with a valid certificate from the Government of India. Only startups that are headquartered in UT will be eligible for this scheme.

Also, only start-ups that have their products/services/USPs in the EV sector/ecosystem can reap the benefits. However, the benefits of this program will in no way be considered an entitlement and the Chandigarh Renewal Energy and Science & Technology Promotion Society (CREST), the nodal agency for the implementation of the EV policy, will reserve the exclusive right to accept or reject applications.

In addition to encouraging startups, the UT administration will promote the industry-led e-mobility (CoE) Center of Excellence for advanced electrical and automotive research in partnership with leading academic institutions/ angel networks/industrial partners in Chandigarh.

With this policy, the UT administration also intends to foster skills development, training, and job creation, as manufacturing and servicing electric vehicles requires a skilled workforce, which differs from conventional automobiles.

To ensure a smooth transition to electric mobility, UT will undertake special efforts for skills development in electric vehicles.

For this, short courses on electric mobility, electric vehicle supply equipment (EVSE), repair and maintenance, battery manufacturing and maintenance will be developed and introduced by the Department of education in conjunction with the Chandigarh Department of Transport.

As such, polytechnics will offer two-week courses in electric vehicle awareness for skills upgrading. The Chandigarh administration, in partnership with original equipment manufacturers (OEMs) and concerned/interested service providers, will develop skills enhancement centers to deliver professional courses on the electric vehicle ecosystem. The Skills Improvement Centers will aim to train Internal Combustion Engine (ICE) mechanics/workforce in the repair and maintenance of electric vehicles and charging stations.

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Nissan steps up efforts to fight counterfeit products in the region https://lepochervolvopenta.com/nissan-steps-up-efforts-to-fight-counterfeit-products-in-the-region/ Sat, 24 Sep 2022 21:01:00 +0000 https://lepochervolvopenta.com/nissan-steps-up-efforts-to-fight-counterfeit-products-in-the-region/ Prioritizing the safety of its customers in the Middle East, Nissan has shared five tips for easily identifying counterfeit spare parts that constantly plague the automotive market. This move is in line with Nissan’s ongoing efforts and close collaboration with relevant authorities in the region to combat the problem of counterfeit automotive products through regular […]]]>
Prioritizing the safety of its customers in the Middle East, Nissan has shared five tips for easily identifying counterfeit spare parts that constantly plague the automotive market. This move is in line with Nissan’s ongoing efforts and close collaboration with relevant authorities in the region to combat the problem of counterfeit automotive products through regular market scans, unauthorized seller raids and training sessions. informative, notes a press release.
For reasons of accessibility, counterfeit spare parts continue to endanger the lives of drivers, passengers and pedestrians. In addition to harming the life and reliability of a vehicle, counterfeit replacement parts cause greater long-term damage, leading to costly vehicle repairs.
Thierry Sabbagh, President of Nissan Saudi Arabia and Infinity Middle East, and Managing Director of Nissan Middle East, said: “The safety of our customers is a top priority at Nissan, and we work closely with our network of partners throughout the region to provide guests with comfort, confidence and peace of mind. Designed and manufactured for reliability and longevity, Genuine Nissan Parts undergo thousands of hours of rigorous testing to meet the highest quality and performance standards.
Nassim Mourani, Managing Director – Automotive Group, Saleh Al Hamad Al Mana Co, Qatar, added: “Our goal is to enable customers to identify and avoid counterfeit components, which have not been manufactured to of the industry and whose quality differs considerably. , which can lead to serious accidents. Through knowledge sharing and collaboration with authorities in Qatar, we strive to ensure customers have a safe driving experience. »

When buying car spare parts, and to avoid being sold a counterfeit product, customers are asked to pay particular attention to:

* Packaging
The first telltale sign, and one to watch out for, is the product packaging. Original Equipment Manufacturer (OEM) parts are sold in high quality boxes or packages. On the other hand, counterfeit parts are usually sold in inferior packaging and are likely to have spelling or grammatical errors on the outer packaging and/or in the user manual.
* Look and feel
A physical examination of the new replacement part and a quick comparison with the old part to be replaced are very important. Indeed, the original parts must match almost exactly, if not perfectly, and a simple difference in color, weight, material or dimension would be an alarming sign.
* Price
The saying “If it’s too good to be true, it probably is” applies in many scenarios and also when it comes to counterfeit spare parts. While it’s tempting to be swayed by many, if the price for a particular part is significantly lower than that offered by an authorized distributor, it’s fair to assume that it is a counterfeit product.
* Authorized resellers
The best way to avoid being sold a counterfeit product is to buy all spare parts from certified distributors. In addition to offering genuine products, Certified Distributors have access to the latest catalogs and guidelines, as well as highly trained technicians who undergo intensive training to ensure vehicles receive the proper attention and care. It is important to stay away from retailers that stock genuine and counterfeit parts, to eliminate the risk of being sold counterfeit while paying full price and compromising on quality and safety.
* Serial numbers
Most Genuine Parts, including Genuine Nissan Oil and Genuine Nissan Batteries, have a unique serial number printed on the outer packaging that can be associated with the part itself . This can be used to trace the part and check whether the replacement part is genuine or not.

A broad product portfolio comprising more than 3 million Nissan spare parts is available in the Middle East, including Nissan Genuine oil, Nissan Genuine batteries and Nissan Genuine accessories. Nissan’s aftermarket network also includes eight certified distributors with a total of 101 branches across the region. When servicing vehicles at Nissan Certified Service Centers, customers enjoy many benefits, including repair warranty, technical expertise and on-time service, among others.
Genuine Nissan spare parts and accessories can be purchased from Nissan’s network of partners in the region, including Saleh Al Hamad Al Mana Co in Qatar, at its showrooms in Salwa Road and in Al Sadd, Bin Omran and Al Khor.
Customers who encounter counterfeit replacement parts or wish to confirm the authenticity of a product should contact the Nissan Regional Call Center at +971 600 54 6655 or by email at [email protected]

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Driven Brands: A Promising Deployment Strategy (NASDAQ: DRVN) https://lepochervolvopenta.com/driven-brands-a-promising-deployment-strategy-nasdaq-drvn/ Thu, 22 Sep 2022 22:58:00 +0000 https://lepochervolvopenta.com/driven-brands-a-promising-deployment-strategy-nasdaq-drvn/ The car wash business appears to be the segment the Driven Brands management team will spend in 2022 streamlining after a successful market test in Nashville. Dejan Marjanovic Over the past decade or so, one of the fastest growing areas of niche funds within private equity have been deployment/reinforcement strategies. The idea is to identify […]]]>

The car wash business appears to be the segment the Driven Brands management team will spend in 2022 streamlining after a successful market test in Nashville.

Dejan Marjanovic

Over the past decade or so, one of the fastest growing areas of niche funds within private equity have been deployment/reinforcement strategies. The idea is to identify a fragmented industry that has good economics at the store level, create scale through mergers and acquisitions and expansion of new locations, build a technology and marketing platform to help drive sales and either take the company public or sell it for cash.

There are many industries this takes place in, but we came across an interesting game after we started acquiring car washes (an industry we’ve always had an interest in and have various family friends who own or have already owned local car wash brands with multiple locations) that is truly committed to this strategy on multiple fronts and is successful in every category. The name of the company is Driven Brands Holdings (NASDAQ: DRVN).

So what’s the story?

Driven Brands is probably most relevant at its consumer brand level where the company has names like Maaco, Meineke, Take 5 and Carstar. These brands cover various parts of the automotive services market and in recent years the company has focused on creating a platform to help it attract large accounts on the fleet and insurance side. of the company. While the collision business has opened the door for them on this front, the management team has done a good job of identifying complementary business areas in which to grow, which has allowed them to go to the fleet and insurance companies and to offer additional services.

This “grouping” is attractive to fleet managers and insurance companies because it creates a sort of one-stop shop; a single service provider can meet many needs, streamlining the process of servicing and getting vehicles back on the road.

The brands of Driven Brands.

The brands of Driven Brands. (Driven Brands investor presentation)

While the additional lines of business have enabled the company to generate additional recurring revenue at scale, they have also paved the way for future growth. Driven Brands estimates that the total addressable market, or TAM, for their companies is $350 billion and they currently hold a single-digit market share. As the company expands its brands into new territories (while adding density to current areas), it becomes more attractive as a supplier to insurance and fleet companies and realizes more cost savings. of scale at the retail level.

Why do we love history?

We like this story for a number of reasons, but the main points are that the company has basically created a private equity fund or an incubator for the automotive service industry and is competing to dominate not a specific area of ​​this activity, but at least five distinct domains. . While that last sentence may sound absurd, or at the very least the management team may be spreading too thinly, we emphasize that they continue to execute what appear to be strong M&A transactions and develop large-scale enterprises while capturing a significant market. to share.

A prime example would be the recent acquisition of Auto Glass Fitters, which added to Driven’s East Coast markets while making the company’s auto glass repair segment the second largest player in the country. It only took the company a year to reach this point in the auto glass repair market, and we suspect further expansion will occur in order to reach all 50 states.

While the growth of the auto glass sector is exciting, it is a $5 billion+ industry that will not drive the future. This will certainly help when trying to serve large enterprises, but the reality is that Driven has several other levers to pull to drive market share gains and revenue growth in the future, especially with the business of maintenance, paint/collision and car wash.

Stimulated brand store growth

Growth of Driven Brands stores in its various segments. (Documents from Driven Brands quarterly conference call)

In the second quarter, the company continued to increase the number of its stores and focused on its long-term plans for the car wash business; specifically how they wanted to mark their locations in the future. Based on the market tests that took place in the Nashville market, it looks like the company is going to expand the Take 5 brand into the car wash industry. While margins are already strong on the car wash side, even as the company manages a hodgepodge of assets accrued recently through mergers and acquisitions, we believe it will be able to increase its margins by optimizing every location and catching up on deferred maintenance.

Once the company starts creating greenfield locations or redevelopment projects using standardized locations, we suspect that improvements will be seen in what is already a great business and the company could transition to the model franchise only at that time to be lighter in terms of assets. the car wash segment. We also note that as the company expands into new markets and geographies, it opens up the possibility of more expensive membership options, such as those that would allow the use of unlimited car washes at any location in a state, region or country.

The beauty of this whole exercise the company is going through is that it is deploying a franchise model versus the private equity model, with both using a small portion of their own capital while incentivizing others to deploy the lion’s share so to share in the profits. Although private equity is a tough opponent, using franchisees to continue to gain market share should result in higher margins, a more profitable business and the ability to grow faster than smaller niche players or names. private equity (all others are limited to their breakeven sheets, the franchise model introduces outside capital for expansion while still allowing for high margins).

What will growth look like?

Growth should look quite strong over the next few years. The company has touted a plan, “The Dream Big Plan,” to achieve at least $850 million in adjusted EBITDA by 2026. The five-year plan has more than doubled their 2021 baseline adjusted EBITDA of $350 million. of dollars, and based on During the last quarterly earnings conference call, management seemed quite confident that $850 million of adjusted EBITDA will be achieved, but would not increase the timeline under pressure from analysts who believed the company seemed to be well ahead of schedule.

Projection of the EBITDA of the managed brands

Driven Brands appears to be on track to realize its adjusted EBITDA growth plans. (Driven Brands investor presentation)

As you can see from the chart above, Driven’s management team expects a mix of organic growth and mergers and acquisitions to drive EBITDA growth. With the company’s current situation (management has raised the full-year Adjusted EBITDA guidance to $495 million), it certainly seems like the $850 million target is conservative, as the company is showing adjusted EBITDA growth about 50% higher than one would expect when modeling a linear model. path to growth. Usually in these cases there is a ramp-up period, where the early years of a plan see the lowest growth due to business capacity building and if that is the case here we might see the direction provide investors with $650 million in adjusted EBITDA growth which would put Driven’s adjusted EBITDA at a very impressive level of over $1 billion.

How we would play the stock

The current investment environment is brutal, but we believe there are always some bright spots in bear markets. Even in the worst markets, some names deserve exposure and with this level of growth that Driven Brands is projecting, as well as the growth they have already been able to achieve, we believe it is a prime candidate for deploy capital to pullbacks.

While nibbling on the current pullback is acceptable, we see the best value here in the $26/share to $27/share range. We believe the growth is there to support the share price advance at these levels, and the worst-case scenario we see is Driven Brands hitting some of its multiples in a recessionary environment.

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Freeman Motor Company offers premier auto repair in Portland, Oregon https://lepochervolvopenta.com/freeman-motor-company-offers-premier-auto-repair-in-portland-oregon/ Tue, 20 Sep 2022 19:55:00 +0000 https://lepochervolvopenta.com/freeman-motor-company-offers-premier-auto-repair-in-portland-oregon/ Customers in the Portland, Oregon area can have their vehicles restored or repaired at Freeman Motor Company without any hassle. PORTLAND, Oregon (PRWEB) September 20, 2022 Whether a vehicle needs restoration, parts replacement or repair, Freeman Motor Company is the answer. This Portland, Oregon dealership has a state-of-the-art body shop with futuristic equipment to take […]]]>

Customers in the Portland, Oregon area can have their vehicles restored or repaired at Freeman Motor Company without any hassle.

PORTLAND, Oregon (PRWEB) September 20, 2022

Whether a vehicle needs restoration, parts replacement or repair, Freeman Motor Company is the answer. This Portland, Oregon dealership has a state-of-the-art body shop with futuristic equipment to take the best care of a car. Freeman Body Shop also has a team of trained experts who can restore a vehicle to its original condition after it has been damaged in a storm or accident. Plus, they only use the highest quality replacement parts and paint for all kinds of repairs. Some of the services available at the Freeman Body Shop include:

  • Oil leak repair
  • Transportation Services
  • Electrical repairs
  • car detail
  • Paintless dent removal
  • air conditioner repair
  • Repair of scratches by touch-up
  • And much more!

In addition to vehicle restoration and repair, Freeman Body Shop offers several maintenance services for all makes and models. From oil changes to brake repairs to tire service, the dealership takes care of all the automotive needs of drivers in Portland, Oregon. Whichever service a customer opts for, the dealership offers the following additional services:

  • Empty
  • Multi-point inspection
  • Battery test
  • Checking and correcting tire inflation

When a car is in service, customers can wait in the dealership’s luxurious lounge with amenities like free Wi-Fi. In addition, individuals can take advantage of the shuttle service available at the concession to get to their next destination. Drivers interested in learning more about the services offered at this Portland, Oregon dealership can contact them by calling 503-595-5353.

For the original release on PRWeb, visit: https://www.prweb.com/releases/freeman_motor_company_offers_premier_auto_collision_repair_in_portland_oregon/prweb18909498.htm

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The emerging role of cybersecurity in the automotive sector https://lepochervolvopenta.com/the-emerging-role-of-cybersecurity-in-the-automotive-sector/ Sat, 17 Sep 2022 14:37:49 +0000 https://lepochervolvopenta.com/the-emerging-role-of-cybersecurity-in-the-automotive-sector/ Rapid advances in technology have transformed operations in all industries and the automotive industry has been no exception. However, as the automotive sector joins the digital bandwagon, it is also exposed to malicious cybersecurity threats and attacks. As the integration of the Internet of Things (IoT) and advanced connected car technology has facilitated customers an […]]]>

Rapid advances in technology have transformed operations in all industries and the automotive industry has been no exception. However, as the automotive sector joins the digital bandwagon, it is also exposed to malicious cybersecurity threats and attacks. As the integration of the Internet of Things (IoT) and advanced connected car technology has facilitated customers an advanced driving experience with remote management and maintenance, cybersecurity has become a key concern not only for original equipment manufacturers (OEM) but all automotive stakeholders.

With the trend advancements – connected, autonomous, shared and electrified, cars are getting smarter every day in terms of features like smart dashboard and advanced automated driving. Also, some features such as multi-modal interaction, multi-screen interaction, 5G connectivity, V2X, OTA and digital keys are becoming more and more common in new era connected cars. The connected car industry has thus experienced steady growth in recent years.

Nowadays, connected cars allow computers or mobile apps to remotely control and monitor almost every system in a vehicle, including steering, brakes, locking and unlocking, and the engine itself. . This makes cars vulnerable to hackers who can gain information or even take control of an automated car if the system is not sufficiently protected; making cybersecurity a major concern for customers and automakers. Automated vehicle manufacturers address multiple facets of cybersecurity like computer systems, communication systems, vehicle interface, data transfer, back-end, cloud, etc., to ensure safe and secure mobility. secure.

All vehicles connected to modern age innovations like information technology, digitalization, IoT, etc., are potential victims of cybersecurity threats. Some of the common threats among these are:

Malware: Malware attacks can refer to different types of attacks such as viruses, Trojans, worms, ransomware, spyware, etc. confidential information or completely disrupt the system.

Internet of Things (IoT) attacks: While the application of IoT can facilitate customers with an advanced driving experience, the increase of IoT devices in vehicles is a matter of serious concern as it can be a gateway for hackers to penetrate and exploit new technologies. other network devices.

Password hack: It can be a key threat to car infotainment systems as attackers can use various methods such as exploiting media platforms, accessing password database, exploiting from the network to access unprotected passwords to crack a private password.

Denial of Service (DoS): DoS refers to the shutdown of a machine or network, rendering it inaccessible to the users for whom it is intended. With a DoS attack, hackers can overload a system and drivers can be completely deprived of legitimate requests.

Major automotive players around the world have opted for advanced cybersecurity technologies such as blockchain, 5G and artificial intelligence to mitigate security risks such as malfunctions or cyberattacks. However, with the constant evolution of technology, automotive cybersecurity is also experiencing new trends such as Cryptographic Hash Functions (CHF) – providing enhanced security in public and private blockchains, Quantum Cryptography (QC) – born from the application of quantum physics and anti-theft systems for vehicles, to name a few.



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Disclaimer

The opinions expressed above are those of the author.



END OF ARTICLE



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Identify Leak Testing Market growth opportunities by https://lepochervolvopenta.com/identify-leak-testing-market-growth-opportunities-by/ Fri, 16 Sep 2022 13:30:00 +0000 https://lepochervolvopenta.com/identify-leak-testing-market-growth-opportunities-by/ Chicago, Sept. 16, 2022 (GLOBE NEWSWIRE) — Leak Testing Market by Supply, Vertical, Equipment Type and Geography – Global Forecast to 2027. Leak testing determines if an object or system is functioning in a specific leakage limit. Leaks occur when there is a defect – a hole, crack, or other type of defect in an […]]]>

Chicago, Sept. 16, 2022 (GLOBE NEWSWIRE) — Leak Testing Market by Supply, Vertical, Equipment Type and Geography – Global Forecast to 2027. Leak testing determines if an object or system is functioning in a specific leakage limit. Leaks occur when there is a defect – a hole, crack, or other type of defect in an object, allowing any liquid or gas it contains to leak out. Leak testing uses pressure to find these faults so they can be addressed as part of regular maintenance procedures.

Increasing requirements for inspection of cracks, holes, weak joints and other defects and imperfections in automotive, oil and gas, medical devices, consumer goods and packaging are the main drivers which drive the growth of the market.

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Drivers: Development of advanced NDT technologies and increasing penetration of IoT and Industry 4.0

Increasing advancements in sensors, chips, valves, and other types of technology have made leak testing more necessary, sensitive, and capable of the non-destructive testing (NDT) method. Advances in NDT have led to the development of ultrasonic leak testing technology used for quick and easy leak detection on compressed air, inert gas and vacuum systems. All of these advancements have made leak testing faster and more accurate and have helped companies improve the quality of their manufacturing processes and overall output. Another significant advancement in leak testing has been the advent of the Internet of Things.

The penetration of IoT has enabled inspectors to collect, monitor and share leak test data remotely, enabling them to get the information they need in time to ensure ideal maintenance. This data can be evaluated not only by inspectors, but also by manufacturing engineers, production managers, maintenance managers and other stakeholders in the manufacturing process, allowing for better real-time understanding. of the state of the assets. Moreover, in the field of leak testing, Industry 4.0 is also driving changes in many critical areas, including the rise of smart test connection tools. These tools allow users to safely make the necessary connections to perform a proper leak test without worrying about false failures or unintentional disconnects.

Important leak test requirements in several automotive industry processes

Many automotive manufacturers around the world rely on top quality leak test systems to detect faults in automotive components or products. This is because many components need to be leak tested to ensure environmental guidelines, safety and function. Detecting fuel and air conditioning system leaks is essential for safety and regulatory steps before the vehicle leaves the production line. In addition, standards organizations define various leak testing procedures for the automotive industry, including the American Society for Testing and Materials and the Society of Automotive Engineers. Thus, the automotive sector is expected to drive the leak testing market in the coming years due to more stringent regulations regarding emissions, fuel component leaks, HVAC system leaks and other higher sensitivities regarding leaks.

The study categorizes the leak testing market based on supply, vertical, equipment type, and region.

Leak Testing Market, By Offer

  • Pressure drop leak test system
  • Tracer Gas Leak Test System
  • Mass Flow Leak Test System
  • Vacuum Decay Leak Test System

Leak Testing Market, Equipment Type

Leak Testing Market, By Vertical

  • Medical equipement
  • Medications
  • Automotive
  • Consumer electronics
  • Transportation/Agriculture
  • Consumer Goods/White Goods

Geographical analysis

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

Challenges: Excessive purchase, installation and maintenance costs associated with leak testing methods and equipment

One of the most critical challenges with leak test equipment is the high cost of purchase, installation, and maintenance. The maintenance activity also includes the complexities of adding leak testing machines to the existing plant infrastructure. Besides, there are different leak test methods, such as air decay, helium leak, etc. Many industries rely on helium leak testing methods because helium is a common tracer gas in the production of leak tests. As a result, the amount of helium became important when testing large volumes at higher pressures and at high speeds. This has increased the cost of helium in recent years.

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Leak Testing Market Key Players

  1. ATEQ Corporation (France),
  2. INFICON (Switzerland),
  3. Drägerwerk (Germany),
  4. Honeywell International (USA),
  5. Emerson Electric (USA),
  6. TASI Group (USA),
  7. MSA Security (USA),
  8. SGS AG (Switzerland),
  9. Uson (USA),
  10. Testo (Germany),
  11. Vacuum instruments (USA),
  12. CETA TESTSYSTEM (Germany),
  13. Helium Leak Test, (USA),
  14. Pfeiffer Vacuum (Germany) and
  15. LACO Technologies (USA)

Challenge: functional constraint increases maintenance costs in a process

The introduction of water spray creates a temporary two-phase flow in the steam line. The desuperheater should limit the negative effects by reducing the time the steam resides in the system. Vapor velocities are a critical factor in limiting these negative effects. Good piping practice dictates that water flow be limited to velocities of 15 to 25 feet/sec, but steam line velocities are often between 200 and 400 feet/sec. Until the spray water evaporates, the water droplets will remain entrained in the high velocity steam. If these droplets strike pipework or other equipment, they can cause erosion damage.

        
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SoundHound CFO remains focused on growth and profitability as inflationary pressures loom https://lepochervolvopenta.com/soundhound-cfo-remains-focused-on-growth-and-profitability-as-inflationary-pressures-loom/ Wed, 14 Sep 2022 20:21:45 +0000 https://lepochervolvopenta.com/soundhound-cfo-remains-focused-on-growth-and-profitability-as-inflationary-pressures-loom/ CFOs across all sectors have been watching inflation closely over the past few months as leading economic indicators continue to point to the growing possibility of a recession. The latest tepid CPI data released by the Labor Department is unlikely to persuade the Federal Reserve to halt further rate hikes, for example forcing financial leaders […]]]>

CFOs across all sectors have been watching inflation closely over the past few months as leading economic indicators continue to point to the growing possibility of a recession. The latest tepid CPI data released by the Labor Department is unlikely to persuade the Federal Reserve to halt further rate hikes, for example forcing financial leaders to balance their companies’ financial needs with inflationary pressures. growing.

However, CFOs need to be aware of how their particular business will hold up in different economic environments, said Nitesh Sharan, CFO of conversational AI provider SoundHound, in a recent interview.

The response to inflationary pressures is not unique, he said. The decision to slow down operations or continue to foster growth will depend on your current business position and goals.

“As far as we are concerned, we should keep the [focus on] growth and scale,” Sharan said, referring to SoundHound. “We haven’t broken even yet and we need to find a viable path [to profitability]which we expect in 2024.”

SoundHound, a conversational and voice-based artificial intelligence technology provider that started out as a song identification app similar to services like Shazam, went public through a merger with the Special Purpose Acquisition Company (SPAC) Archimedes Tech on April 27.

The deal, which the two companies announced in November 2021, valued the voice assistant creator at $2.1 billion, according to a Reuters report following the initial announcement. Shares fell 7% after the merger, before rebounding 56% on May 2 the week after SPAC closed, according to a May 2022 report from Seeking Alpha.

To determine the path for future growth, it’s critical that CFOs keep a close eye on where to put their resources, especially during more fragile economic times, Sharan said.

To balance business needs with inflationary pressures, financial leaders need to pay close attention to their spending, according to Sharan. In order to deal with economic distress, CFOs must always pay attention to detail, differentiating between “must-haves” from “nice-to-haves” and anything below that level when it comes to spending.

“You should set up your liquidity profile so that you rarely have to compromise on the must-haves,” he said.

Create a path to growth

Sharan first joined the SoundHound C-Suite as CFO in September 2021. After beginning his career as a senior consultant at Accenture, he held senior and CFO roles for cloud company Hewlett Packard Enterprise as well as for the retail company Nike. CFO, global operations and technology for the retailer before joining SoundHound, according to his LinkedIn profile.

Sharan is the first CFO of the voice-enabled artificial intelligence company. He has since been joined in the SoundHound C suite by executives such as Zubin Irani – a former CEO of ALTEN subsidiary Cprime Inc – whom the company appointed as its chief revenue officer in January 2022.

The company announced its first financial results as a public company on August 11, with Sharan and SoundHound co-founder and CEO Keyvan Mohajer hosting the company’s inaugural conference call. SoundHound saw $283 million in cumulative bookings, a 207% year-over-year increase, making it the AI ​​provider’s third straight quarter of triple-digit growth on its earnings .

As the two executives spoke about the effects of economic rumbles on the earnings call, Sharan said that while “progress isn’t always linear,” the company’s current momentum was “unquestionable.”

He also reaffirmed the company’s guidance for full-year 2022, forecasting revenue of between $27 million and $33 million. SoundHound generated $6.2 million in revenue, a 43% jump from the first quarter of 2022, according to its results.

Sharan continues to drive growth as the year progresses, he said.

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Mobile Substation Market Expected to Generate Revenue https://lepochervolvopenta.com/mobile-substation-market-expected-to-generate-revenue/ Mon, 12 Sep 2022 14:15:00 +0000 https://lepochervolvopenta.com/mobile-substation-market-expected-to-generate-revenue/ Jersey City, New Jersey, Sept. 12, 2022 (GLOBE NEWSWIRE) — Verified Market Research recently released a report, “Mobile Substation Market” By component (switchgear, transformer, arresters, trailer), by application (utility and industrial) and by geography. Verified Market Research conducted a high quality study which revealed that the global Mobile Substation market size was valued at USD […]]]>

Jersey City, New Jersey, Sept. 12, 2022 (GLOBE NEWSWIRE) — Verified Market Research recently released a report, “Mobile Substation Market” By component (switchgear, transformer, arresters, trailer), by application (utility and industrial) and by geography.

Verified Market Research conducted a high quality study which revealed that the global Mobile Substation market size was valued at USD 3.3 Billion in 2020 and is projected to reach USD 13.09 Billion by 2028, with growth at a CAGR of 20.6% from 2021 to 2028. .

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Browse the table of contents in depth onMobile Substation Market

202 – Pages

126 – Tables

37 – Numbers

Global Mobile Substation Market Overview

Mobile Substations are compact, portable, integrated power modules that provide surge-free AC and DC power for added capacity, backup in emergencies, or in incompatible terrain for construction. Higher power demand, rapid expansion of transmission capabilities, faster commissioning, hassle-free installation and relocation, minimal configuration involving no elaborate construction, compact size, improved portability of modules to required areas and overall cost savings are fueling the demand for mobile substations as alternative power plants. Mobile substations are used in utility and industrial applications. The focus on providing and ensuring a continuous supply of power is driving the expansion of the mobile substation market significantly.

Simultaneously, the growing number of clean energy projects requires seamless integration of renewables into the power grid, and the mobile substation’s ability to transition efficiently increases the demand for these substations. Consisting of the ability to recover as quickly as possible from major weather events and natural disasters, it provides economic and public health and safety benefits to businesses and local communities. Moreover, the increase in demand for electricity coupled with the continued and expanded growth of the share of renewable energy in centralized and decentralized networks requires a new efficient and effective approach to managing the transition, making full use of the sub -mobile stations, thus stimulating demand for mobile. substation during the forecast period.

Key developments

  • April 2019: Serbia’s electricity utility Elektroprivreda Srbije (EPS) received a donation of four mobile substations from the EU. This mobile substation will improve responses to emergencies such as floods and forest fires.

Key players

The main market players are ABB, Siemens, Eaton, General Electric, CG Power, WEG, TGood, Powell Industries, Elgin Power Solutions, Matelec Group and Meidensha.

Verified Market Research has segmented the global mobile substation market on the basis of components, applications, and geography.

  • Mobile Substation Market, By Component
    • Equipment
    • Transformer
    • Surge arresters
    • Trailer
    • Other auxiliary systems
  • Mobile Substation Market, By Application
    • Utilities
    • Industrial
      • petroleum gas
      • Metals and Mining
      • Others

·Mobile Substation Market, By Geography

    • North America
    • Europe
      • Germany
      • France
      • UK
      • The rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia-Pacific
    • LINE
      • Middle East and Africa
      • Latin America

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Household Generators Market By product (portable type, standby type), by consumption (less than 4 KW, 4-8 KW), by geography and forecast

Heat Recovery Steam Generator Market By nominal power (<50MW, >300MW), by application (combined cycle, cogeneration), by end user (utilities, chemicals), by geography and forecast

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Visualize the Mobile Substation Market Using Verified Market Intelligence -:

Verified market intelligence is our BI-enabled platform for storytelling in this market. VMI offers in-depth forecast trends and accurate insights on over 20,000 emerging and niche markets, helping you make critical revenue-impacting decisions for a bright future.

VMI provides a comprehensive overview and global competitive landscape with respect to region, country, segment and key players in your market. Present your market report and results with built-in presentation functionality that saves you over 70% of your time and resources for presentations to investors, sales and marketing, R&D, and product development. VMI enables data delivery in Excel and interactive PDF formats with over 15+ key market indicators for your market.

About Us

Verified Market Research is a leading global research and advisory firm serving over 5,000 clients. Verified Market Research provides advanced analytical research solutions while offering information-enriched research studies. We provide insight into strategic and growth analytics, the data needed to achieve business goals, and critical revenue decisions.

Our 250 analysts and SMEs offer a high level of expertise in data collection and governance and use industry techniques to collect and analyze data on more than 15,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study over 14 categories across Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, automotive and transportation, information and communication technology, software and services, information security, mining, minerals and metals, construction. & Construction, agricultural industry and medical devices from more than 100 countries.

        
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5 Well-Known “Strong Buy” Stocks Trading Under $10 With Remarkable Upside Potential – 24/7 Wall St. https://lepochervolvopenta.com/5-well-known-strong-buy-stocks-trading-under-10-with-remarkable-upside-potential-24-7-wall-st/ Sat, 10 Sep 2022 10:20:03 +0000 https://lepochervolvopenta.com/5-well-known-strong-buy-stocks-trading-under-10-with-remarkable-upside-potential-24-7-wall-st/ Invest September 10, 2022 06:20 Last update: September 10, 2022 10:34 a.m. While most of Wall Street focuses on large and large-cap stocks because they offer a degree of safety and liquidity, many investors are limited in the number of stocks they can buy. Many of the biggest public companies, especially the tech giants, trade […]]]>

Invest

While most of Wall Street focuses on large and large-cap stocks because they offer a degree of safety and liquidity, many investors are limited in the number of stocks they can buy. Many of the biggest public companies, especially the tech giants, trade in the hundreds, up to over $1,000 per share or more. At these high prices, it’s hard to get decent leverage on the number of shares.

Many investors, especially more aggressive traders, look to low priced stocks as a way to not only make money, but also get a higher number of shares. This can really help the decision-making process, especially when you’re on a winner, because you can always sell half and keep half.

We scoured our 24/7 research database on Wall St. for well-known companies that could very well offer patient investors huge returns for the remainder of 2022 and beyond. Low-priced stock skeptics should remember that at one point, Amazon and Apple were trading in single digits. A stock we’ve featured over the years, Zynga, was recently purchased by Take-Two Interactive. Cogent Biosciences, which we presented in March, has tripled.

Although these five stocks are listed for buy, it is important to remember that no single analyst report should be used as the sole basis for any buy or sell decision.

ADT

This leading security company is a well-known protector of homes and businesses. ADT Inc. (NYSE:ADT) is North America’s largest and second-largest home security monitoring company. The company serves more than 7 million customers, installing more than one million systems per year. Approximately 94% of revenues are generated in the United States, with the remainder coming from Canada.

Google announced last year that it was buying a 6.6% stake in the home security company for $450 million as part of a deal that will see it provide service to customers of its security devices. domestic Nest. ADT said the companies will work to combine Nest products such as cameras, thermostats, doorbells and alarm systems with ADT’s installation, service and professional monitoring network.

Insurance giant State Farm announced earlier this week that it would acquire a 15% stake in the company by investing $1.2 billion. The company’s chief operating officer, Paul Smith, will join ADT’s board of directors.

Citigroup has a price target of $10.25 on ADT shares. The consensus target is $10.89 and the shares traded Friday at $8.39 apiece.

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