Mes: febrero 2021

ZF Announces $200 Million Investment in North American Commercial Vehicle Transmission Manufacturing

LIVONIA, Mich., Feb. 4, 2021 /PRNewswire/ — ZF announced today it is investing $200 million in commercial vehicle transmission manufacturing in North America. Beginning in 2023, ZF will produce the ZF PowerLine 8-speed automatic transmission at the company’s state-of-the-art manufacturing facility in Gray Court, SC. The additional production line at ZF Gray Court will result in more than 500 American…

LIVONIA, Mich., Feb. 4, 2021 /PRNewswire/ — ZF announced today it is investing $200 million in commercial vehicle transmission manufacturing in North America. Beginning in 2023, ZF will produce the ZF PowerLine 8-speed automatic transmission at the company’s state-of-the-art manufacturing facility in Gray Court, SC. The additional production line at ZF Gray Court will result in more than 500 American jobs.

«ZF is a 106-year-old technology leader that has been in the U.S. for many decades, and this investment in U.S. manufacturing of sustainable driveline technology further proves our commitment to the North American commercial vehicle market,» explained Dr. Martin Fischer, President of ZF North America and Member of the Board of Management. «Together now with WABCO, ZF offers customers around the world an unrivaled product portfolio that includes driveline, steering, braking, ADAS technologies and telematics, coupled with a full-service network.»

Powerful. Efficient. Reliable.
The ZF PowerLine transmission is designed for medium-duty commercial vehicle trucks, buses and heavy-duty pickup trucks. The transmission is based on ZF’s 8-speed automatic transmission benchmark design, which provides maximum spread with fewer moving parts, reduced friction and less fluid. ZF PowerLine provides an incomparable total cost of ownership (TCO) with minimal maintenance, best-in-class fuel efficiency potential in the double digits, and highly integrated shift algorithms that promote up to 15% enhanced acceleration performance.

«ZF PowerLine proves equal, but in most cases, higher performance and efficiency than other transmissions with 9 and 10 speeds. It will set the new benchmark for automatic transmission technology in the strategic North American commercial vehicle market,» explained Christian Feldhaus, Director Commercial Vehicle Driveline Technology North America, ZF. «With its modular design, PowerLine is prepared for mild hybrid and plug-in hybrid variants, making it a true technology bridge to future mobility.»

ZF began production of the PowerLine 8-speed automatic transmission at its global headquarters in Friedrichshafen, Germany, at the end of 2020 and made its first supply to North American customers in 2021. In 2023, volume production will begin in the U.S. and will exclusively serve North American market demand.

ZF Transmissions Gray Court: A Center of Excellence
The U.S. home of PowerLine is ZF Transmissions Gray Court, located in Gray Court, South Carolina, just outside of Greenville – home to BMW, Michelin and other top global suppliers. «We started production in 2012 with our 8- and 9-speed automatic transmissions and quickly became a center of manufacturing excellence. As a result, we’ve been expanding our manufacturing footprint since our grand opening,» explained Thomas Joos, Vice President of ZF Transmissions Gray Court. «With the support of a dedicated workforce and collaborative regional partners, we are looking forward to adding the PowerLine to our facility.»

Since opening in 2012, the facility has produced 5.5 million automatic transmissions. Today, the 1,687,000 square-foot facility employs 2,200 people with capacity to produce 1.2 million transmissions per year.

A Transmission Leader
ZF has been producing gears since 1915 when the company was founded to manufacture components for the Zeppelin airship. Since 2009, ZF has produced approximately 22.5 million 8-speed transmissions for passenger cars and light commercial vehicle customers around the world. Today, ZF is a leader in four technology domains: Vehicle Motion Control, Integrated Safety, Automated Driving and Electric Mobility.

ZF Friedrichshafen AG
ZF is a global technology company and supplies systems for passenger cars, commercial vehicles and industrial technology, enabling the next generation of mobility. ZF allows vehicles to see, think and act. In the four technology domains Vehicle Motion Control, Integrated Safety, Automated Driving, and Electric Mobility, ZF offers comprehensive solutions for established vehicle manufacturers and newly emerging transport and mobility service providers. ZF electrifies different kinds of vehicles. With its products, the company contributes to reducing emissions and protecting the climate.

ZF, which acquired WABCO Holdings Inc. on May 29, 2020, now has 160,000 employees worldwide with approximately 260 locations in 41 countries. In 2019, the two then-independent companies achieved sales of €36.5 billion (ZF) and $3.4 billion (WABCO).

For further press information and photos please visit: www.zf.com

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SOURCE ZF

AutoNation Reinvents Automotive Retailing with Enhanced and Personalized Digital Customer Experience

FORT LAUDERDALE, Fla., Feb. 4, 2021 /PRNewswire/ — AutoNation, Inc. (NYSE: AN), AutoNation, America’s largest and most recognized automotive retailer, today announced the enhanced AutoNation Express experience – its integrated retailing solution that provides Customers with a seamless and intuitive omnichannel vehicle shopping and purchase experience. Powered by our 9 million Customers’ real-time insights, AutoNation has created a highly personalized digital experience online and…

FORT LAUDERDALE, Fla., Feb. 4, 2021 /PRNewswire/ — AutoNation, Inc. (NYSE: AN), AutoNation, America’s largest and most recognized automotive retailer, today announced the enhanced AutoNation Express experience – its integrated retailing solution that provides Customers with a seamless and intuitive omnichannel vehicle shopping and purchase experience. Powered by our 9 million Customers’ real-time insights, AutoNation has created a highly personalized digital experience online and in-store.

AutoNation Express builds upon industry-leading Customer loyalty and removes obstacles throughout the car buying and service process. It features a Customer-friendly search of 75,000 new & used vehicles based on a monthly payment, as well as the ability to compare vehicle attributes, including a new section focused on Electric Vehicles. Customers can complete a mobile-optimized step-by-step digital experience to estimate trade-ins instantly, calculate finance/lease/cash payments, select vehicle protection products, apply for financing, schedule in-store pick up or home delivery, and upload key documents. Customers can receive a certified offer and same-day, check-on-the-spot payment through the We’ll Buy Your Car «WBYC» program. Personalization is at the heart of the AutoNation Express experience. The Customer is in the Driver’s Seat and empowered to do as much or as little of the transaction online through our digital capabilities and physical stores as they choose. 

Proprietary tools utilized by AutoNation Associates further complement these new Customer facing capabilities. Our Equity Mining Tool and Customer 360 platform leverage millions of sales and service transactions into a central system. The tool automatically appraises a Customer’s current vehicle and identifies a newer replacement vehicle for a similar or lower payment. Additionally, it shows household vehicles, service history, propensity to purchase, and Customer Financial Service product history. The Equity Mining Tool links to Customer 360, an AutoNation proprietary application with real-time data for 9 million Customers to guide and personalize the Customer Experience. Customer 360 allows Associates to see the lifetime value and transaction history of AutoNation Customers.

AutoNation is executing a highly differentiated and personalized Customer experience by developing AutoNation Express to its fullest capabilities. The company has built on a strong foundation of Customer value propositions and physical assets. Now with the enhanced digital capabilities, AutoNation will further reduce friction for Customers online and in-store. They can start online, pick up in-store, or get a vehicle delivered, and Associates will be ready to assist. AutoNation is transforming how personal mobility is perceived and experienced by putting Customers in the Driver’s Seat.

About AutoNation, Inc.

AutoNation, America’s largest and most recognized automotive retailer, is transforming the automotive industry through its bold leadership, innovation, and comprehensive brand extensions. As of December 31, 2020, AutoNation owned and operated over 315 locations from coast to coast. AutoNation has sold over 13 million vehicles, the first automotive retailer to reach this milestone. AutoNation’s success is driven by a commitment to delivering a peerless experience through Customer-focused sales and service processes. Since 2013, AutoNation has raised over $25 million to drive out cancer, create awareness, and support critical research through its Drive Pink initiative, which was officially branded in 2015.

Please visit www.autonation.com, investors.autonation.com, www.twitter.com/CEOMikeJackson, and www.twitter.com/AutoNation, where AutoNation discloses additional information about the company, its business, and its results of operations. Please also visit www.autonationdrive.com, AutoNation’s automotive blog, for information regarding the AutoNation community, the automotive industry, and current automotive news and trends.

AutoNation logo (PRNewsFoto/AutoNation, Inc.)

 

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SOURCE AutoNation, Inc.

Borrego Awarded 110 MW Solar Project, Hires Key Executive for Utility-Scale Development Team

SAN DIEGO, Feb. 4, 2021 /PRNewswire/ — Borrego, a leading developer, EPC and O&M provider for large-scale renewable energy projects throughout the United States, today announced it has been selected to develop a 110 MW-AC utility-scale solar project as part of the solicitation for large-scale renewables by New York State Energy Research and Development Authority (NYSERDA). The Rutland Center Solar 1 project will be Borrego’s…

SAN DIEGO, Feb. 4, 2021 /PRNewswire/ — Borrego, a leading developer, EPC and O&M provider for large-scale renewable energy projects throughout the United States, today announced it has been selected to develop a 110 MW-AC utility-scale solar project as part of the solicitation for large-scale renewables by New York State Energy Research and Development Authority (NYSERDA). The Rutland Center Solar 1 project will be Borrego’s largest development announced to date.

The award was one of 20 solar projects awarded as part of NYSERDA’s efforts to develop more than two gigawatts of new renewable energy capacity throughout New York State. It will be sited in National Grid territory in the north of the state, in the towns of Rutland and Watertown in Jefferson County, and will produce enough energy to power nearly 11,000 homes.

«This project award reflects Borrego’s expansion into utility-scale development,» said Dan Berwick, general manager of development at Borrego. «We’re bringing the technical expertise and rigorous processes we developed as the leader in commercial and community solar markets to larger projects, because our mission is ever more urgent: to accelerate the adoption of renewable energy.»

Borrego also announced the appointment of Daryl Hart as vice president of utility-scale project development. Hart joins Borrego from NextEra Energy Transmission, where he was director of development. He has worked in both wind and solar development and is certified as both a Project Management Professional (PMP) and Six Sigma Black Belt. Prior to joining the renewables industry, Hart spent 10 years in the U.S. Air Force, completing his active duty service as a Major assigned to the National Air and Space Intelligence Center (NASIC). 

«Our new focus on the utility-scale sector is powered by talented individuals with utility-scale experience,» said Mike Hall, CEO of Borrego. Hall added that the company, which recently announced it has reorganized into three independent business units—development, EPC, and O&M—has aggressive plans to grow its workforce by 25% this year and is actively looking for new talent, especially those with utility-scale skill sets.

Borrego’s 110 MW solar project will help support Gov. Andrew M. Cuomo’s nation-leading goal of generating 70% of New York’s electricity from renewable sources by 2030, consistent with the Climate Leadership and Community Benefit Act. Borrego’s project is expected to create jobs and bring benefits to Jefferson County, and the local jurisdiction will benefit from a Payment in Lieu of Taxes as well as a Community Host Benefit Payment.

About Borrego
Borrego, a leading developer, EPC and O&M provider, accelerates the delivery of large commercial, community solar, and utility-scale solar and energy storage projects in the United States. Borrego offers a broad range of renewable energy services and has a track record of superior performance in the hundreds of large solar and energy storage projects it has designed, built and maintains throughout the United States. Established in 1980, it has regional offices in California, Massachusetts, and New York with a nationwide footprint. Borrego creates value by helping partners make better decisions at critical points in every project’s life. Its team brings deep technical expertise to its mission of solving the world’s energy problems. For more information, visit www.borregoenergy.com

Media contact 
Mason Miller, Kiterocket (for Borrego)
mmiller@kiterocket.com 
925-876-3292

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SOURCE Borrego

Firmenich Commits to be Carbon Neutral by 2025

GENEVA, Feb. 4, 2021 /PRNewswire/ — Firmenich, the world’s largest privately owned perfume and taste company, today announces its new ESG strategy, driving the Group to a carbon positive and water neutral future within 10 years. Building on its leadership in sustainability, Firmenich has committed to ground-breaking goals across three key areas: acting on climate change, embracing nature, and caring for people. Industry-leading targets include: carbon…

GENEVA, Feb. 4, 2021 /PRNewswire/ — Firmenich, the world’s largest privately owned perfume and taste company, today announces its new ESG strategy, driving the Group to a carbon positive and water neutral future within 10 years. Building on its leadership in sustainability, Firmenich has committed to ground-breaking goals across three key areas: acting on climate change, embracing nature, and caring for people. Industry-leading targets include: carbon neutral operations by 2025 and carbon positive operations by 2030; 100% of plastics recycled, 100% renewable fragrances, a commitment to regenerative agriculture, as well as creating 5,000 youth job opportunities by 2030.

Firmenich Logo (PRNewsfoto/Firmenich)

«As a leading responsible family company, driving a sustainable and inclusive business model has always been our priority,» said Patrick Firmenich, Chairman of the Board. «Leveraging our scientific excellence and guided by our timeless values, we are committed to building a better planet for the next generations.»

«After achieving our 2020 COP21 environmental goals, it is now time to take our ESG leadership in renewable ingredients, conscious perfumery and diet transformation to the next level,» said Gilbert Ghostine, CEO Firmenich. «Companies that commit today to address vital climate and social challenges will be the trusted winners of tomorrow. By accelerating the pace of our climate transition, we also encourage businesses to join us to create large-scale change.»

Acting on Climate Change

Driven by science-based targets, Firmenich became the first company in its industry to power all operations globally with 100% renewable electricity in February 2020, and one of only two companies in the world to achieve CDP Triple A rating for climate, water and forests for the third consecutive year. Furthermore, Firmenich has clearly decoupled its manufacturing output from its CO2 emissions, with output up 22% and Scope 1 and 2 CO2 emissions down by 45% since 2015. Key new Firmenich goals include:

  • Carbon neutral in its direct operations by 2025
  • Carbon positive in its direct operations by 2030
  • Water neutral in its operations in water-stressed areas by 2030
  • Recycling or reusing 100% of its plastic waste by 2030

Embracing Nature

As a company that depends on nature for its most precious ingredients, Firmenich is a founding member of the One Planet Business for Biodiversity Coalition (OP2B) to protect biodiversity and encourage regenerative agriculture. Building on its science and purchasing reach, Firmenich aims to reverse nature loss and establish science-based targets, engaging with its customers, suppliers and partners globally. Key Firmenich goals include:

  • All Firmenich produced fragrances will be renewable by 2030 (As per ISO 1628)
  • 99% partially or ultimately biodegradable ingredients in Firmenich’s fragrance portfolio by 2030
  • 100% of our nature program reporting against science-based targets by 2030
  • Lead the global diet transformation with green proteins, contributing to soil regeneration

Caring About People

As a family company, we want to transfer our heritage to the next generations by helping them acquire important job skills and adapt to a fast-changing world. Building on its EDGE gender equality certification and platinum Ecovadis environmental and social performance rating, the group is reinforcing its actions to protect human rights by expanding awareness and training across the company and its  suppliers. Firmenich goals include:

  • Global living wage and ethnic pay equity certification
  • Continuing to improve its industry-leading safety performance
  • Creating 5,000 job opportunities for youth by 2030
  • 10% of differently-abled people in our workforce by 2030

«The UN Sustainable Development Goals (SDG) are embedded throughout our business, providing us all with a clear vision of the transformation we will achieve within a decade,» said Berangère Magarinos Ruchat, Chief Sustainability Officer, Firmenich. «We remain firmly committed to science-based targets and measurable, independently-verified action to achieve these ambitious goals on our way to a positive-impact future.»

Along with action across its supply chain and operations, Firmenich remains committed to developing sustainable fragrances and flavors by expanding its palette of biodegradable and renewable ingredients. For more than 20 years, the Group has implemented green chemistry principles in its research and development. In addition, the Group is reinforcing its traceability capabilities in collaboration with its procurement and digital innovation teams.

More information is available in the new strategy manual, ESG Ambitions 2030: www.firmenich.com/Sustainability2030

For information on Firmenich’s ESG performance over the previous period, the Pathways to Positive – Performance & Sustainability Report 2020, prepared in accordance with the Global Reporting Initiative’s (GRI) Standards, is also available online here.

About Firmenich
Firmenich, the world’s largest privately-owned fragrance and taste company, was founded in Geneva, Switzerland, in 1895, and has been family-owned for 125 years. Firmenich is a leading business-to-business company specialized in the research, creation, manufacture and sale of perfumes, flavors and ingredients. Renowned for its world-class research and creativity, as well as its leadership in sustainability, Firmenich offers its customers superior innovation in formulation, a broad and high-quality palette of ingredients, and proprietary technologies including biotechnology, encapsulation, olfactory science and taste modulation. Firmenich had an annual turnover of 3.9 billion Swiss Francs at end June 2020. More information about Firmenich is available at www.firmenich.com

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SOURCE Firmenich

Austin, Atlanta & Tampa Are Attracting Homebuyers From More Expensive Cities, Contributing to a Housing Supply Crunch

SEATTLE, Feb. 4, 2021 /PRNewswire/ — (NASDAQ: RDFN) — Nationwide, 27.8% of Redfin.com users looked to move to another metro area in 2020, according to a new report from Redfin (<a target="_blank"…

SEATTLE, Feb. 4, 2021 /PRNewswire/ — (NASDAQ: RDFN) — Nationwide, 27.8% of Redfin.com users looked to move to another metro area in 2020, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That’s up from 25.5% in 2019, a 9% year-over-year increase. The increase is driven by people leaving expensive coastal areas for relatively affordable places.

The uptick in migration is exacerbating the severe shortage of homes for sale in 2021. In December, supply was down a record 34% year over year nationwide. The supply of homes for sale is down by double digits from last year in all 10 of the nation’s most popular migration destinations, including Phoenix, Austin, Las Vegas and a handful of southeastern metros. Meanwhile, the only areas supply is up are the places people are leaving: the San Francisco Bay Area, New York and Los Angeles. 

«People aren’t moving to places with more homes available to buy; they’re moving to places with more affordable homes to buy,» said Redfin chief economist Daryl Fairweather. «Remote workers leaving expensive places for relatively affordable areas, partly because the allure of more house for less money is strong, is exacerbating housing supply shortages in more affordable parts of the country. The inventory crunch in popular destinations could intensify over the next few years as remote workers continue to relocate and buy homes. If developers, zoning boards and local governments prioritize building homes in the affordable areas people are moving into as opposed to coastal cities, that would help combat the housing shortage.»

The biggest cities in the country lost the most residents in 2020; New York, Los Angeles and the Bay Area are the only places where inventory rose year over year 

Redfin estimates that New York lost roughly 275,000 residents to other metros in 2020, a bigger net outflow than any other metro in the U.S. It’s followed by Los Angeles, which had a net outflow of about 125,000 residents, and Chicago, which lost 110,000 residents. A net outflow means more people moved out of the metro than moved in, while a net inflow means more people moved into a metro than moved out. The estimate of net inflows and net outflows noted in Redfin’s analysis are based on data from Redfin.com and the U.S. Census Bureau.

New York, Los Angeles and Chicago are the three largest metro areas in the U.S, and New York and Los Angeles are home to some of the most expensive real estate in the country. Although Chicago’s median home price is relatively low, all three places are major employment centers with a lot of white-collar jobs that are conducive to remote work.  

«For the past two years I’ve felt like everyone is leaving Los Angeles, and that has intensified during the pandemic,» said Los Angeles Redfin agent Lindsay Katz. «More than half of my sellers are moving to a different area. A lot of young families are moving back to their hometowns to be near their parents, moves they can now make because they’re working remotely. People are realizing that if they leave Los Angeles and move to a place like the Midwest or Florida, they can afford to live on just one income because their mortgage is cut in half and tax bills are lower.»

Those cities are followed by the Bay Area—which lost roughly 45,000 residents in 2020—Detroit, Seattle, Boston, Miami, Washington, D.C. and Baton Rouge, LA, a list that includes several other expensive coastal cities with many companies that offer remote work. 

Although the country as a whole is facing a drastic housing supply shortage, three of the four metros that lost the most residents in 2020—New York, Los Angeles and the Bay Area—saw year-over-year increases in the number of homes for sale. They were the only metros in the U.S. where supply rose. 

The number of homes for sale in New York increased 27.7% year over year in December, and in Los Angeles it increased 1.4%. In San Francisco, supply rose 76.7% from the year before, a far bigger increase than any other metro, and in San Jose and Oakland—two other Bay Area metros—supply was up 24.6% and 7.6%, respectively. 

Supply was down in Seattle, Boston and Washington, D.C., but the year-over-year drops (-7.9%, -7.7%, -5%) were smaller than nearly every other U.S. metro. 

Metro Areas With the Biggest Net Outflow in 2020

Metro area

Net
outflow

Number of
homes for
sale, YoY

Median home
price (Dec.
2020)

Median
home price,
YoY

New-construction
building permits,
YoY 

New York,
NY

-273,248

27.7%

$550,000

10.2%

-13.1%

Los Angeles,
CA

-124,175

1.4%

$730,000

12.3%

-40.4%

Chicago, IL

-107,246

-20.3%

$270,000

12.1%

-48.3%

Bay Area,
CA

-45,482

San Francisco:
76.7%

San Jose: 

27.7%

Oakland:
7.6%

San Francisco:
$1,355,000

San Jose:
$1,195,000

Oakland:
$816,000

San Francisco: 3
%

San Jose: 1
3.3%

Oakland: 1
2.6%

San Francisco:
-78.6%

San Jose:
-39.6%

Oakland:

-28.9%

Detroit, MI

-29,519

-37.7%

$155,000

14.8%

122.1%

Seattle, WA

-25,269

-7.9%

$625,000

9.6%

-49.8%

Boston, MA

-24,530

-7.7%

$550,000

10%

15.5%

Miami, FL

-23,886

-15.9%

$367,000

16.5%

24.5%

Washington,
D.C. 

-15,288

-5%

$450,000

7.4%

-12.9%

Baton Rouge,
LA

-14,897

-44.7%

$225,000

4.7%

9.9%

Relatively affordable southern and southwestern metros gained the most residents in 2020, and they all experienced double-digit supply drops 

Phoenix gained roughly 80,000 new residents in 2020, a bigger net inflow than any other metro area. Next come Dallas, with a net inflow of 75,000, and Orlando, which welcomed 60,000 new residents. They’re followed by Tampa, Austin, Las Vegas, Atlanta, Greenville, SC, Charlotte and Knoxville. 

Those are all relatively affordable areas, with the typical home selling for close to or less than the national median of $335,000. Southern metros dominate the most popular destinations, and they’re joined by two Southwestern places—Phoenix and Las Vegas—that are popular with people leaving coastal California.

The number of homes for sale in December was down by at least 16% from the year before in all 10 of the most popular migration destinations. Housing supply was down 18% year over year in Phoenix, 35.7% in Dallas and 16.3% in Orlando. Inventory was down in 83 of the 88 metros included in Redfin’s housing inventory analysis.

«Phoenix has always been popular with people moving in from out of state because of its beautiful landscape, warm weather and affordability, but 2020 was beyond anything I’ve ever seen,» said local Redfin agent Van Welborn. «Remote workers realize they can keep their high-paying jobs without paying California taxes, and they’re comparing what kind of home they can get in Phoenix versus Los Angeles or the Bay Area. I’m working with one couple moving here from the Bay Area and another from Seattle; neither of them would have been able to make the move if they weren’t working remotely. The couple from Seattle paid $800,000 for a big, beautiful house.»  

«But even though Phoenix is affordable compared to other places, prices have risen significantly over the last year,» Welborn continued. «Locals are having a hard time getting their offers accepted because there are so few homes on the market, and often someone from California will put in a competing offer at a higher price and waive the appraisal.»

Seven of the top 10 destinations—Phoenix, Dallas, Austin, Las Vegas, Greenville, Charlotte and Knoxville—gained more residents in 2020 than any year in at least a decade. The other three—Orlando, Tampa and Atlanta—gained more residents than any year in the last decade except 2016. 

With the number of building permits up from a year ago in all of the most popular destinations—except the ones in Florida, Orlando and Tampa—there is hope that more housing inventory is on the way. In Knoxville, there were 246.4% more building permits in the fourth quarter than the year before, the second-biggest increase of any metro (behind Omaha). Greenville (+95.8% YoY) and Las Vegas (+55.6%) also had particularly large increases. 

But even with building permits up, some developers are having trouble keeping up with demand. 

«People are moving into Charlotte from New York, New Jersey, Florida, Texas and other parts of the country,» said Charlotte Redfin agent Steve Cramer. «A lot of the moves are job-related, but another driving factor is that Charlotte has a lower cost of living and a slower pace of life than the Northeast. Partly because inventory here is painfully low, a lot of buyers are turning to new construction, but builders can’t keep up with demand. There’s a lot of vacant land for sale in the Charlotte area, but because of the pandemic, some builders are experiencing supply shortages. Instead of building an entire community or phase at a time, they’re limited to building four or five homes before releasing more homes for sale.»

Metro Areas With the Biggest Net Inflow in 2020

Metro area

Net
inflow

Number of
homes for
sale, YoY

Median home
price (Dec.
2020)

Median
home price,
YoY

New-construction
building permits,
YoY 

Phoenix,
AZ

82,601

-18%

$340,000

16%

18.5%

Dallas, TX

76,037

-35.7%

$323,900

9.1%

26.4%

Orlando, FL

60,977

-16.3%

$290,000

8.3%

-18.3%

Tampa, FL

47,000

-31.3%

$275,000

12.2%

-25.3%

Austin, TX

46,958

-19.2%

$370,000

15.2%

17.8%

Las Vegas,
NV

43,262

-14.1%

$320,000

8.5%

55.6%

Atlanta, GA

42,902

-34.9%

$284,700

13.7%

12.4%

Greenville,
SC

38,991

-18.1%

$243,800

14.5%

95.8%

Charlotte,
NC

37,575

-32%

$297,500

10.2%

17%

Knoxville,
TN

35,575

-19.9%

$249,900

13.6%

246.4%

To read the full report, please visit: https://www.redfin.com/news/homebuyer-popular-destinations-housing-shortage-2020 

About Redfin 
Redfin (www.redfin.com) is a technology-powered residential real estate company, redefining real estate in the consumer’s favor in a commission-driven industry. We do this by integrating every step of the home buying and selling process and pairing our own agents with our own technology, creating a service that is faster, better and costs less. We offer brokerage, iBuying, mortgage, and title services, and we are the #1 nationwide brokerage website, offering a host of online tools to consumers, including the Redfin Estimate. We represent people buying and selling homes in over 90 markets in the United States and Canada. Since our launch in 2006, we have saved our customers over $800 million and we’ve helped them buy or sell more than 235,000 homes worth more than $115 billion.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, email press@redfin.com. To view Redfin’s press center, click here.

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SOURCE Redfin

How Midwest Cities are Busting the Urban Exodus Myth

SEATTLE, Feb. 4, 2021 /PRNewswire/ — Mid-sized markets — especially those across the Midwest — are making up for softness in New York and San Francisco, keeping the for-sale market in urban areas on pace with or slightly ahead of red-hot suburban areas, a <a target="_blank"…

SEATTLE, Feb. 4, 2021 /PRNewswire/ — Mid-sized markets — especially those across the Midwest — are making up for softness in New York and San Francisco, keeping the for-sale market in urban areas on pace with or slightly ahead of red-hot suburban areas, a new Zillow analysis shows.[i] 

Housing demand is on fire as the explosion of remote work has caused many to reimagine what and where they want their home to be. That demand is supercharging home values in affordable areas of the country as buyers look for homes that offer more room to spread out. In expensive coastal markets, that typically means moving farther from the downtown core into the suburbs. But for much of the country, the suburbs have long been more expensive, and buyers are now searching for homes in more urban areas.

The Midwest region in particular, where the typical home value is less than other regions in the U.S., has seen urban home value growth accelerate ahead of the suburbs in recent months. In metros such as St. Louis, Cincinnati, Cleveland, Kansas City, Columbus and Indianapolis, urban home values have been growing faster than those in the suburbs for at least the past several months. 

In more expensive housing markets, demand for affordable homes has led to booming home value growth in the suburbs relative to urban cores. New York, Washington, D.C., Atlanta, Boston, San Francisco, Seattle and Denver experienced stronger home value growth in the suburbs for all or part of 2020. 

«The for-sale housing market is experiencing a pandemic-fueled surge in both urban and suburban areas,» says Zillow economist Alexandra Lee. «Home has become more important than ever, and buyers are eager to hit the market to find their next place to live, many newly freed from their commute and suddenly finding themselves in need of more space for a home office or gym. More often than not, buyers are flocking to homes in affordable areas and pushing up prices. However, there have been some sharp downturns in the rental market as demand to rent in pricey areas like San Francisco and New York plummeted, at least temporarily.»

At the national level, buying in the suburbs became more competitive in the fall, trending slightly hotter than urban areas in some measures including shorter time on market and a higher share of homes selling above list price. Days on market are historically low across the board, helping to increase sales volume, but homes are moving faster in the suburbs. Suburban listings were selling four days faster than those in urban areas in August, and by December the gap had widened to 10 days.

Still, high demand drove urban areas to keep pace as home value and sales price growth, sales volume and Zillow web traffic matched or exceeded the suburbs on a national basis. Home values grew at a nearly identical rate in urban and suburban areas last year — 8.8% and 8.7%, respectively. The share of page views on listings on Zillow in urban areas was slightly higher in December 2020 (18.1%) than December 2019 (17.6%),[ii] indicating interest in urban homes has remained steady.

While the for-sale market soared, rent growth was stunted in 2020, slowing from 3.5% annual price growth in 2019 to 0.8% last year. But suburban rents accelerated during the pandemic — since February, annual rent growth has swelled from 3.8% to 5.2% in the suburbs. Urban rent growth fell from 3.6% to 1.5% during the same period.

It remains to be seen what the impact will be of local economies fully opening up and some workers who had been working remotely returning to offices at least part-time. Zillow economists expect a bounceback for urban rents this year as vaccine distribution continues and local economies kick back into gear. A record number of adults lived with their parents in April as nearly 3 million Americans — mostly from Generation Z — moved back home as the pandemic hit. A majority of 18-25 year-olds rent, and nearly half of those rent in urban areas, suggesting many of those who moved home will return to cities when amenities reopen, they feel it is safe and they are financially able to do so.

A panel of economists surveyed by Zillow expects the COVID-19 pandemic to have a lasting impact on some home buyer preferences, including boosted demand for suburban living and homes in «secondary cities.»[iii] The panel also largely expects overall rent growth to recover to pre-pandemic levels within the next two years — 11% of respondents predict annual rent growth will reach 4% this year, 33% think it will reach that mark next year, and 29% think it will have rebounded by 2023.[iv]

Metro Area*

2020 Home Value
Growth – Urban
Areas

2020 Home Value
Growth –
Suburban Areas

2020 Rent Growth
– Urban Areas

2020 Rent Growth
– Suburban Areas

United States

8.8%

8.7%

1.5%

5.2%

New York, NY

3.3%

8.8%

-7.8%

5.7%

Los Angeles, CA

9.5%

9.4%

0.4%

3.6%

Chicago, IL

6.2%

5.8%

-0.3%

3.9%

Dallas-Fort Worth, TX

8.9%

7.6%

0.9%

4.7%

Philadelphia, PA

12.2%

9.1%

3.3%

3.3%

Houston, TX

5.8%

6.3%

-0.5%

3.7%

Washington, DC

6.7%

7.9%

-3.7%

2.7%

Miami-Fort Lauderdale, FL

6.7%

7.3%

2.3%

4.0%

Atlanta, GA

5.2%

9.3%

1.1%

8.5%

Boston, MA

7.5%

9.9%

N/A

N/A

San Francisco, CA

5.6%

7.9%

-7.7%

0.7%

Detroit, MI

11.3%

9.5%

5.3%

5.0%

Riverside, CA

11.9%

10.2%

3.0%

9.3%

Phoenix, AZ

17.2%

14.9%

7.6%

9.8%

Seattle, WA

11.1%

13.5%

-4.4%

4.3%

Minneapolis-St. Paul, MN

7.6%

7.5%

-0.8%

3.2%

San Diego, CA

13.1%

12.3%

3.4%

4.4%

St. Louis, MO

11.6%

8.2%

6.8%

4.9%

Tampa, FL

14.1%

11.3%

6.0%

7.5%

Baltimore, MD

8.6%

7.5%

5.5%

3.6%

Denver, CO

7.2%

8.5%

0.3%

2.3%

Pittsburgh, PA

11.1%

8.3%

0.1%

5.6%

Portland, OR

9.6%

9.5%

3.7%

5.3%

Charlotte, NC

10.1%

10.3%

6.0%

6.5%

Sacramento, CA

11.4%

11.0%

5.2%

8.2%

San Antonio, TX

6.4%

5.7%

2.7%

4.4%

Orlando, FL

8.3%

7.7%

2.8%

2.9%

Cincinnati, OH

15.5%

11.1%

5.1%

4.6%

Cleveland, OH

16.5%

10.1%

7.7%

8.1%

Kansas City, MO

18.2%

9.6%

4.5%

6.1%

Las Vegas, NV

7.4%

7.8%

5.4%

7.1%

Columbus, OH

14.5%

10.2%

2.0%

4.6%

Indianapolis, IN

18.3%

9.9%

8.0%

7.2%

San Jose, CA

13.9%

13.3%

-4.9%

-7.0%

Austin, TX

14.2%

13.2%

-3.0%

1.5%

Virginia Beach, VA

9.4%

8.2%

7.0%

5.7%

Nashville, TN

10.5%

8.6%

1.5%

2.7%

Providence, RI

13.7%

10.4%

N/A

N/A

Milwaukee, WI

12.1%

9.9%

1.3%

N/A

Jacksonville, FL

10.5%

8.1%

7.1%

6.7%

Memphis, TN

13.5%

10.6%

6.7%

13.1%

Oklahoma City, OK

9.2%

6.9%

N/A

5.1%

Louisville, KY

10.8%

8.6%

5.2%

4.2%

Hartford, CT

9.2%

8.4%

N/A

N/A

Richmond, VA

7.2%

7.4%

4.1%

4.6%

New Orleans, LA

5.3%

6.5%

N/A

N/A

Buffalo, NY

12.9%

10.1%

N/A

N/A

Raleigh, NC

7.8%

6.9%

2.8%

3.7%

Birmingham, AL

16.2%

8.7%

N/A

4.7%

Salt Lake City, UT

13.1%

13.7%

N/A

N/A

*Table ordered by market size 

About Zillow Group
Zillow Group, Inc. (NASDAQ: Z and ZG) is reimagining real estate to make it easier to unlock life’s next chapter. 

As the most-visited real estate website in the U.S., Zillow® and its affiliates offer customers an on-demand experience for selling, buying, renting or financing with transparency and nearly seamless end-to-end service. Zillow Offers® buys and sells homes directly in dozens of markets across the country, allowing sellers control over their timeline. Zillow Home Loans™, our affiliate lender, provides our customers with an easy option to get pre-approved and secure financing for their next home purchase. Zillow recently launched Zillow Homes, Inc., a licensed brokerage entity, to streamline Zillow Offers transactions.  

Zillow Group’s affiliates and subsidiaries include Zillow®, Zillow Offers®, Zillow Premier Agent®, Zillow Home Loans™, Zillow Closing Services™, Zillow Homes, Inc., Trulia®, Out East®, StreetEasy® and HotPads®. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org).

[i] According to Zillow data. Movements in year-over-year changes since February 2020 in metrics were examined for both urban and suburban areas to examine how each have potentially differed during the coronavirus pandemic. This approach is used to control for differences in urban and suburban conditions that may have existed pre-pandemic. The classification of areas as urban or suburban was done at the ZIP code level and was derived from a nationwide Trulia survey. That methodology is published here: http://jedkolko.com/wp-content/uploads/2015/05/Data-and-methodological-details-052715.pdf

[ii] Including all page views of for-sale homes on Zillow.com and the Zillow app, excluding those from real estate agents and other professional users. Daily figures were calculated using a seven-day trailing average. Year-over-year comparisons were made after offsetting 2019 data by two days in order to compare consistent days of the week.

[iii] This edition of the Zillow Home Price Expectations Survey surveyed 104 experts between August 17, 2020 and September 1, 2020. The survey was conducted by Pulsenomics LLC on behalf of Zillow, Inc. The Zillow Home Price Expectations Survey and any related materials are available through Zillow and Pulsenomics.

[iv] This edition of the Zillow Home Price Expectations Survey surveyed 113 experts between November 23, 2020 and December 8, 2020. The survey was conducted by Pulsenomics LLC on behalf of Zillow, Inc. The Zillow Home Price Expectations Survey and any related materials are available through Zillow and Pulsenomics.

 

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SOURCE Zillow

LAND Electric Motorcycles to Order up to 2,000 Coil Drivers from Exro

  • LAND signs agreement with Exro for Coil Driver order volume of up to 2000 units in the first year
  • LAND is a fast-growing player in the emerging lightweight electric motorcycles market and was founded by Scott Colosimo, the CEO at Cleveland CycleWerks
  • Exro will ship the first Coil Driver to LAND in February 2021 to optimize performance in their District motorcycle

CALGARY, AB, Feb. 4, 2021…

  • LAND signs agreement with Exro for Coil Driver order volume of up to 2000 units in the first year
  • LAND is a fast-growing player in the emerging lightweight electric motorcycles market and was founded by Scott Colosimo, the CEO at Cleveland CycleWerks
  • Exro will ship the first Coil Driver to LAND in February 2021 to optimize performance in their District motorcycle

CALGARY, AB, Feb. 4, 2021 /PRNewswire/ – Exro Technologies Inc. (TSXV: EXRO) (OTC: EXROF) (the «Company» or «Exro»), a leading clean technology company which has developed a new class of power electronics for electric motors and batteries, is pleased to announce that it has signed an agreement with LAND Electric Motorcycles («LAND E-Moto» or «LAND») to produce up to 2000 units of the Coil Driver this year.

LAND (E-Moto) is an innovative electric motorcycle manufacturer based in Cleveland, Ohio, USA. LAND produces a US made, powerful, lightweight electric motorcycle called the District that showcases innovative vehicle design and craftsmanship for an enhanced riding experience. LAND is founded by industry veteran Scott Colosimo, who also founded Cleveland CycleWerks, which has been manufacturing gas motorcycles for more than 11 years.

Exro and LAND have agreed to cooperate to optimize the powertrain for the District motorcycle with the Coil Driver. This integration is expected to improve performance for the District motorcycle and enable a new powertrain system solution in the emerging lightweight electric motorcycles industry.

Exro will ship the first Coil Driver to LAND this February for vehicle integration and validation testing to be completed by second quarter of 2021. After vehicle integration is completed, Land will begin purchasing the Coil Driver for their motorcycles.

«We are thrilled to be working with Exro», said Scott Colosimo, Chief Executive Officer of LAND. «We believe integrating Exro’s Coil Driver technology with our product will allow LAND to achieve best-in-class performance and efficiency.»

«We are so glad to be collaborating with LAND to optimize their motorcycle’s powertrain», said Sue Ozdemir, Chief Executive Officer of Exro. «This collaboration takes us another step closer to revenue growth and commercialization of our Coil Driver technology.»

About Exro Technologies Inc.

Exro is a clean technology company pioneering intelligent control solutions in power electronics to help solve the most challenging problems in electrification. Exro has developed a new class of control technology that expands the capabilities of electric motors, generators, and batteries. Exro enables the application to achieve more with less energy consumed.

Exro’s advanced motor control technology, the Coil Driver, expands the capabilities of powertrains by enabling two separate torque profiles within a given motor. A major advancement in the sector, dynamic motor configuration enables efficiency optimization for each operating mode resulting in reduction of energy consumption. The controller automatically selects the appropriate configuration in real time so that power and efficiency are intelligently optimized.

For more information visit our website at www.exro.com.

LinkedIn https://www.linkedin.com/company/exro-technologies-inc

Twitter https://twitter.com/exrotech

Facebook https://www.facebook.com/exrotech/

ON BEHALF OF THE BOARD OF DIRECTORS

Sue Ozdemir, Chief Executive Officer

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements and forward-looking information (together, «forward-looking statements») within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as «plans», «expects», «estimates», «intends», «anticipates», «believes» or variations of such words, or statements that certain actions, events or results «may», «could», «would», «might», «will be taken», «occur» or «be achieved». Forward looking statements involve risks, uncertainties and other factors disclosed under the heading «Risk Factors» and elsewhere in the Company’s filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Exro Technologies Inc.

Global $3.8 Billion Wireless Car Charging Market to 2027 with Short-term Impacts of COVID-19 on Production & Procurement

DUBLIN, Feb. 4, 2021 /PRNewswire/ — The «Wireless Car Charging – Global Market Trajectory & Analytics» report has been…

DUBLIN, Feb. 4, 2021 /PRNewswire/ — The «Wireless Car Charging – Global Market Trajectory & Analytics» report has been added to ResearchAndMarkets.com’s offering.

Research and Markets Logo

Global Wireless Car Charging Market to Reach $3.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Wireless Car Charging estimated at US$374.7 Million in the year 2020, is projected to reach a revised size of US$3.8 Billion by 2027, growing at a CAGR of 39.2% over the period 2020-2027.

Hybrid Car, one of the segments analyzed in the report, is projected to record 31% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electric Car segment is readjusted to a revised 44.2% CAGR for the next 7-year period.

The U. S. Market is Estimated at $112.8 Million, While China is Forecast to Grow at 38.1% CAGR

The Wireless Car Charging market in the U. S. is estimated at US$112.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$650.3 Million by the year 2027 trailing a CAGR of 38.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 35% and 34.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 27.9% CAGR.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • Bombardier, Inc.
  • Denso Corporation
  • Evatran (Plugless Power)
  • Hevo Power
  • Mojo Networks, Inc.
  • Momentum Dynamics Corp
  • Qualcomm, Inc.
  • TDK Corporation
  • Toshiba Corporation
  • Witricity Corporation
  • ZTE Corporation

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Wireless Car Charging Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

  • Hybrid Car (Type) World Market by Region/Country in US$ Thousand: 2020 to 2027
  • Hybrid Car (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
  • Electric Car (Type) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
  • Electric Car (Type) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
  • Inductive Charging (Technology) Geographic Market Spread Worldwide in US$ Thousand: 2020 to 2027
  • Inductive Charging (Technology) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
  • Hybrid-Inductive Charging (Technology) World Market Estimates and Forecasts by Region/Country in US$ Thousand: 2020 to 2027
  • Hybrid-Inductive Charging (Technology) Market Share Breakdown by Region/Country: 2020 VS 2027
  • Static (Base Station) World Market by Region/Country in US$ Thousand: 2020 to 2027
  • Static (Base Station) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
  • Dynamic (Base Station) World Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020 to 2027
  • Dynamic (Base Station) Market Percentage Share Distribution by Region/Country: 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

  • Market Facts & Figures
  • Wireless Car Charging Market Share (in %) by Company: 2019 & 2025
  • Market Analytics
  • Wireless Car Charging Market Estimates and Projections in US$ Thousand by Type: 2020 to 2027
  • Wireless Car Charging Market Share Breakdown by Type: 2020 VS 2027
  • Wireless Car Charging Market in US$ Thousand by Technology: 2020-2027
  • Wireless Car Charging Market Share Breakdown by Technology: 2020 VS 2027
  • Wireless Car Charging Market Estimates and Projections in US$ Thousand by Base Station: 2020 to 2027
  • Wireless Car Charging Market Share Breakdown by Base Station: 2020 VS 2027

IV. COMPETITION

  • Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/l4a0lh

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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SOURCE Research and Markets

DOWNLOAD TODAY: Dealer Inspire® Launches Free Competitive Digital Marketing Playbook, Urges Automotive Dealers Nationwide to Play Aggressive Offense

NAPERVILLE, Ill., Feb. 4, 2021 /PRNewswire/ — Dealer Inspire (DI), a Cars.com Inc. (NYSE: CARS) company that provides disruptive technology and digital advertising solutions to the automotive industry, urges local car dealerships across the U.S. and Canada to secure a complimentary…

NAPERVILLE, Ill., Feb. 4, 2021 /PRNewswire/ — Dealer Inspire (DI), a Cars.com Inc. (NYSE: CARS) company that provides disruptive technology and digital advertising solutions to the automotive industry, urges local car dealerships across the U.S. and Canada to secure a complimentary copy of the DI Play Offense Playbook, released just ahead of the National Automobile Dealership Association’s virtual conference and expo Feb. 9-11. This comprehensive modern marketing resource for local auto dealers is a step-by-step, all-tools-and-batteries-included battle plan to help dealers better compete in an increasingly digital world.

«There have never been more options for researching and purchasing a car, but local dealerships continue to deliver a level of service and knowledge that customers inherently value at a premium,» said Joe Chura, CEO of Dealer Inspire. «Local dealers have competitive prices, same-day delivery and the relationship advantage, but they are challenged every day to master the ever-changing and increasingly digital art and science of marketing. The DI Play Offense Playbook is the latest immersive and inclusive tool to help dealerships compete, evolve and grow right away.»

Hundreds of motivated dealers have already opted into the Playbook, approximately 30% have implemented the landing pages on their websites, and nearly 1,000 dealers have downloaded the free creative assets.1

«The entire team at Dealer Inspire has done everything it can to help dealers improve their processes since day one,» said Andrew Guelcher, dealer principal at Mohawk Chevrolet in Clifton Park, N.Y., and Mohawk Honda in Scotia, N.Y. «I was thrilled to see DI provide these tools for dealers — and making them free was just another example of how invested DI is in the dealer community. In doing so, they gave us all a platform to build a foundation for our individual messages and to build on our own unique strategy to compete.»

The DI Play Offense Playbook supercharges local automotive dealerships with competitive resources that include:

  • Free, customizable storytelling tools. Complimentary marketing assets empower local auto dealers to effectively identify, capture and amplify their stories. The DI Play Offense Playbook contains an expansive library of multimedia assets with website landing page designs, social and display images, video clips, email templates and more, all of which can be tailored to reflect the unique personalities of each dealership and community.
  • Conquer search and social traffic. Online conversations about stereotypes of dealership experiences, whether exaggerated, inflammatory or wildly outdated, provide an opportunity for dealers to capitalize on digital chatter with targeted campaigns that leverage search intent and help potential buyers become educated on everything their local dealership can offer. The DI Play Offense Playbook delves into actionable tactics that can be leveraged now and in the future.
  • Build a platform that translates into a winning experience. Formerly a purely analog experience, car shopping now combines live action with virtual. Successful digital retailing is more than just a website; it is striking the right balance between high tech and high touch. The DI Play Offense Playbook is a navigation tool with guidance for making the hybrid dealership experience compete at the highest level and hit the sweet spot for consumers with everything from virtual chat to test drives.

Dealerships that download their own copy of the DI Play Offense Playbook can immediately take advantage of the full suite of market-leading digital tools from Dealer Inspire and the Cars.com family of brands. This allows them to effectively compete beyond price from a leading marketplace like Cars.com, turning every car on, leaning into DealerRater review ratings and efficiently showcasing to in-market shoppers a differentiated dealership experience.

Visit www.dealerinspire.com/play-offense to access the DI Play Offense Playbook today.

To learn more about Dealer Inspire and CARS integrated solutions, visit their virtual booth during the 2021 NADA Conference.

1Dealer Inspire Internal Data, Feb. 1, 2020

About DEALER INSPIRE
Dealer Inspire® (DI), a Cars.com™ Inc. (NYSE: CARS) company, is an award-winning website, technology, and digital marketing provider for progressive dealer partners across the United States and Canada. Founded in 2011, Dealer Inspire is the innovative disruptor changing consumer behaviors and future-proofing dealerships with connected solutions that sell and service more vehicles, more efficiently. From search to signature, Dealer Inspire makes automotive retail faster, easier, and smarter for its more than 4,000 dealer partners and more than 30 global auto brand customers.

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SOURCE Dealer Inspire

Kozloduy Demonstrates Confidence In Westinghouse

SOFIA, Bulgaria, Feb. 4, 2021 /PRNewswire/ — Today, Westinghouse Electric Company and Kozloduy Nuclear Power Plant signed a VVER-1000 nuclear fuel licensing contract for the Kozloduy power plant in Bulgaria, a major step forward in the country’s energy supply diversification.

«We are pleased that Kozloduy has once again demonstrated their confidence in Westinghouse’s nuclear fuel performance, an important factor allowing for the safe operation of nuclear…

SOFIA, Bulgaria, Feb. 4, 2021 /PRNewswire/ — Today, Westinghouse Electric Company and Kozloduy Nuclear Power Plant signed a VVER-1000 nuclear fuel licensing contract for the Kozloduy power plant in Bulgaria, a major step forward in the country’s energy supply diversification.

«We are pleased that Kozloduy has once again demonstrated their confidence in Westinghouse’s nuclear fuel performance, an important factor allowing for the safe operation of nuclear reactors,» said Tarik Choho, Westinghouse President, EMEA Operating Plant Services. «As part of Bulgaria’s energy security and diversification strategy, our global capabilities allow us to offer innovative technologies and the highest level of service, for the entire life cycle of the operating fleet,» Choho continued.

The licensing process of Westinghouse fuel is a key safety pre-condition for nuclear fuel delivery. As a leading company in the nuclear industry, Westinghouse has a proven track record in supporting the nuclear licensing process for its fuel design and is committed to completing the licensing process in compliance with the Bulgarian Nuclear Safety Regulatory Agency requirements and local regulations.

Westinghouse VVER-1000 fuel is in operation in six nuclear reactors in Ukraine and has an ongoing licensing process in the Czech Republic at the Temelin VVER-1000 plant. This latest generation of VVER-1000 fuel assemblies offers superior fuel economics and outstanding performance, meeting higher safety and quality standards.

Westinghouse Electric Company is the world’s pioneering nuclear energy company and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. Westinghouse supplied the world’s first commercial pressurized water reactor in 1957 in Shippingport, Pa., U.S. Today, Westinghouse technology is the basis for approximately one-half of the world’s operating nuclear plants. For more information, please visit www.westinghousenuclear.com

Contact: Thuy La
Telephone: +33 1 69 18 54 29
Email: lat@westinghouse.com

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SOURCE Westinghouse Electric Company