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Carter Machinery and Baltimore Ravens Join Forces in 3-Year Partnership

Carter Machinery and Baltimore Ravens Join Forces in 3-Year Partnership

Business Wire09-05-2025

BALTIMORE--(BUSINESS WIRE)-- Carter Machinery, a leading provider of construction and heavy equipment solutions, announced a three-year partnership with the Baltimore Ravens, officially becoming the NFL team's proud equipment partner. The alliance brings together two organizations known for their steadfast work ethic, deep community roots and pursuit of excellence.
"At Carter Machinery, we believe in the power of teamwork, relentless dedication and an unwavering commitment to excellence — values we share wholeheartedly with the Baltimore Ravens."
As part of the partnership, Carter Machinery will support the Ravens' ongoing infrastructure needs at M&T Bank Stadium, including upcoming major renovations to enhance the fan experience, expand plaza activation areas, and upgrade stadium access points and technology systems.
'At Carter Machinery, we believe in the power of teamwork, relentless dedication and an unwavering commitment to excellence — values we share wholeheartedly with the Baltimore Ravens,' said Drew Parker, CEO of Carter Machinery. 'It's these foundational principles that make our partnership a natural fit. Just as the Ravens bring passion and teamwork to every game, Carter Machinery brings the same focused effort to supporting our customers. We're proud to be the official heavy equipment provider of the Baltimore Ravens, partnering to build greatness both on and off the field.'
Building on its successful acquisition of Baltimore-based Alban CAT in 2020, Carter Machinery continues to expand its influence and reinforce its commitment to quality and support for local initiatives through this new partnership with the Baltimore Ravens. With nearly a century of business success, Carter Machinery has established a reputation for providing robust and dependable solutions for high-stakes projects, including game-day operations at one of the NFL's premier venues.
'This partnership with Carter Machinery mirrors our own values, which prioritize both quality work and dedication to the community,' said Rich Tamayo, senior vice president of stadium operations and guest experience for the Baltimore Ravens. 'Their expertise and reliable equipment will play a crucial role in elevating the fan experience at M&T Bank Stadium, ensuring that our infrastructure meets the highest standards of excellence.'
About Carter Machinery
Carter Machinery is the authorized Cat® dealer for Virginia, Maryland, Delaware and Washington, D.C., offering a full range of equipment, rental and power solutions. With over 30 locations and a 97-year track record of success, Carter Machinery empowers industries to build, connect and power communities through smart, durable equipment and service excellence.

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What to know about inspections of Iran's nuclear program by the IAEA ahead of a key board vote

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The company has said it aims to initially deploy between 10 and 20 fare-collecting driverless robotaxis in restricted geographic areas of the city, which Tesla has not publicly identified. 'GOD'S EYE' ON THE CHEAP Chinese EV makers are moving quickly to develop driver-assistance systems in a market where car-buyers are demanding them at a faster pace than in other regions, analysts say. Their ability to do so at lower costs poses the biggest threat to Tesla's new autonomy-based business model. BYD buyers can get an FSD-comparable version of God's Eye as a standard feature in cars priced at about $30,000. The cheapest FSD-equipped Tesla in China is a Model 3 selling for about $41,500. According to an analysis by A2MAC1, a Paris-based tear-down firm that benchmarks components, the mid-level God's Eye version most comparable to Tesla's FSD runs on an Nvidia computing chip with data collected through 12 cameras, five radars, 12 ultrasonic sensors, and one lidar sensor, at a cost of $2,105. That compares to $2,360 for Tesla's FSD, which uses cameras without sensors and two AI chips, the firm estimates. Cameras, radar and ultrasonic sensors are 40% cheaper in China than comparable devices in Europe and the United States, A2MAC1 estimates. Lidar sensors cost about 20% less, the firm says. Sensor costs have fallen because China's EV boom created economies of scale, said A2MAC1 engineer Elena Zhelondz. The fierce competition also pushed carmakers and suppliers to accept lower profits on driver-assistance equipment, she said. BYD's 22% gross margin will likely fall as it gives away God's Eye but it will benefit from a vehicle-sales boost, said Chris McNally, head of global automotive and mobility research for advisory firm Evercore. MORE CARS, MORE MILES, BETTER AI Falling behind the Chinese brands on driver-assistance technology would compound Tesla's challenges in China, where it's already losing market share to rivals including BYD, which sells an entry-level EV for less than $10,000. The growing scale of BYD and others could also provide a technological advantage: Racking up more miles on China roads helps train the AI technology needed to perfect automated-driving systems. BYD has a 'clear and ongoing market-share driving advantage' over Tesla in gathering such on-road data to refine God's Eye, Evercore's McNally said, adding that advantage might only increase as offering God's Eye for free helps sell more BYD vehicles. BYD's scale also helps lower costs by providing uncommon leverage over suppliers. In November, a BYD executive in charge of passenger-vehicle operations wrote to suppliers telling them that the automaker sold 4.2 million vehicles last year (more than double the number of Teslas sold) because of 'technical innovation, economies of scale, and a low-cost supply chain.' The executive noted the new year would likely bring more growth, but also fiercer competition. Without specifically mentioning God's Eye, he ended the letter by asking the suppliers for an across-the-board 10% price cut on all parts and systems starting on January 1, calling the new year a final 'knockout round.' Sign in to access your portfolio

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