Latest news with #IAA
Economic Times
3 days ago
- Business
- Economic Times
New high tech incubators to get millions in funding
Tired of too many ads? Remove Ads The Israel Innovation Authority (IIA) launched a competitive proceeding to establish new high-tech incubators with up to a 40 million Shekel (USD 11.9 million) investment per part of the IAA's program, funding will be provided to cover management fees over a five-year period and the establishment of a central Incubators will focus on high-risk, innovation-intensive Deep-Tech fields such as: semiconductors , bio-convergence, agri-food tech , robotics, defence tech, or other domains characterised by high technological complexity, significant risk, and a lack of specialised investors in addition, the Authority will also offer non-dilutive investments from the Startup Fund at a total of approximately 100 million Shekels (USD 29 million) over the course of the franchise period, as well as providing support that will enable startups incubated within the program to receive grants of up to 21 million Shekels, from Pre-Seed stage through Round A financing.
Time of India
3 days ago
- Business
- Time of India
New high tech incubators to get millions in funding
Tired of too many ads? Remove Ads The Israel Innovation Authority (IIA) launched a competitive proceeding to establish new high-tech incubators with up to a 40 million Shekel (USD 11.9 million) investment per part of the IAA's program, funding will be provided to cover management fees over a five-year period and the establishment of a central Incubators will focus on high-risk, innovation-intensive Deep-Tech fields such as: semiconductors , bio-convergence, agri-food tech , robotics, defence tech, or other domains characterised by high technological complexity, significant risk, and a lack of specialised investors in addition, the Authority will also offer non-dilutive investments from the Startup Fund at a total of approximately 100 million Shekels (USD 29 million) over the course of the franchise period, as well as providing support that will enable startups incubated within the program to receive grants of up to 21 million Shekels, from Pre-Seed stage through Round A financing.
Yahoo
4 days ago
- Business
- Yahoo
Wedgewood Partners Continues to Hold Copart (CPRT)
Wedgewood Partners, an investment management company, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, Wedgewood Composite's net return was 7.1% compared to the Standard & Poor's 10.9%, the Russell 1000 Growth Index's 17.8%, and the Russell 1000 Value Index's 3.8% return for the same period. In addition, you can check the fund's best 5 holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Wedgewood Partners highlighted stocks such as Copart, Inc. (NASDAQ:CPRT). Copart, Inc. (NASDAQ:CPRT) is an online auction and vehicle remarketing services providing company. The one-month return of Copart, Inc. (NASDAQ:CPRT) was -4.16%, and its shares lost 11.15% of their value over the last 52 weeks. On July 17, 2025, Copart, Inc. (NASDAQ:CPRT) stock closed at $45.89 per share, with a market capitalization of $44.373 billion. Wedgewood Partners stated the following regarding Copart, Inc. (NASDAQ:CPRT) in its second quarter 2025 investor letter: "Copart, Inc. (NASDAQ:CPRT) detracted from performance during the quarter. Adjusted volumes were flat (up +1%), which was a bit weaker than expected. Copart continues to have dominant market share in the salvage resale market. However, their primary competitor, IAA, recently bid aggressively for market share at a large insurance carrier customer (likely Progressive). While disruptive in the near-term, we believe this shift in volume is not sustainable because Copart's service offering is superior to IAA's. We continue to hold Copart as a core weighting in portfolios." A busy car auction being held at a leading car dealership, buyers and sellers engaging in active bidding. Copart, Inc. (NASDAQ:CPRT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 57 hedge fund portfolios held Copart, Inc. (NASDAQ:CPRT) at the end of the first quarter, which was 53 in the previous quarter. While we acknowledge the potential of CPRT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Copart, Inc. (NASDAQ:CPRT) and shared SVN Capital Fund's views on the company. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Inicia sesión para acceder a tu cartera de valores
Motor Trend
10-07-2025
- Automotive
- Motor Trend
ZF Chassis Fitness Tracker: An 'Oil Life Monitor' For Car Suspension Parts?
It's a regular occurrence on America's crumbling infrastructure these days—you're driving along and when suddenly there's a hole or obstacle you can't avoid. The noise is scary loud, you watch the dash, but no tire-pressure warning comes on. Did that damage anything? At this year's IAA auto show in Munich, Global mega supplier ZF is introducing a Chassis Fitness Tracker system that will be able to inform drivers whether they need to pull over immediately, book a service visit ASAP, as soon as convenient , or whether there's no need to worry. And by continually monitoring all such chassis bumps and bruises accrued over time, Chassis Fitness Tracker can leverage AI to predict the likely failure timing of various components and recommend their timely replacement. ZF's Chassis Fitness Tracker, debuting at the IAA auto show, uses AI and sensors to assess and predict chassis component wear and damage. It integrates with ZF's holistic chassis controls and can communicate road data for maintenance. It's part of ZF's advanced vehicle dynamic systems. This summary was generated by AI using content from this MotorTrend article Read Next Software Defined Feature, Hardware Enabled Chassis Fitness Tracker is just one of many features that OEMs can pick and choose from among ZF's suite of holistic chassis controls envisioned to be capable of running on the centralized computer architecture rolling out on most new vehicles now being launched. This system can accept input from existing chassis sensors in use today, but it is optimized for a new ZF hardware offering: the Smart Chassis Sensor. Integrated into a ball joint, it's able to measure acceleration internally in all three dimensions to determine the relative movement of the vehicle body. It thus replaces numerous external sensors, some of which currently employ vulnerable external straps and levers. It entered series production this year on the Cadillac Celestiq. Can Chassis Fitness Tracker Extend Suspension Life? The sensors informing ZF's Chassis Fitness Tracker are essentially mapping the surface of the roads the car drives down. ZF has studied business models for aggregating and selling this information to infrastructure maintenance organizations via V2X communications. This can in turn lead to improved roadways that are less damaging to the suspension, which might help everybody's tires, shocks, and bushings last longer. CubiX Tuner Chassis Controller Rivaling similar offerings from other suppliers, ZF's CubiX Tuner is a user interface that makes it easier for engineers to tune their brand's particular ride and handling characteristics into a centralized computer architecture that may employ components shared across various brands or models. The idea is that once zonal architecture centralizes control of all chassis functions—damping, steering, braking, spring rates, stability control, even pitch-, yaw- and roll-control—all systems can operate in harmony. This allows the envelope of potential vehicle dynamic behavior to expand. Comfort mode can be more comfortable and less likely to induce motion sickness, while sport driving modes can permit more sportiness. By-Wire Steering and Braking ZF also announced it is supplying the steer-by-wire system we covered extensively in the Nio ET9, and that Mercedes-Benz has signed a contract to apply this system to an undisclosed future product. Electromechanical brake-by-wire is also offered. Each of these systems—as well as ZF's sMOTION active chassis system (we've covered it on the Porsche Taycan and Panamera) bring with them additional sensing to better inform the Chassis Fitness Tracker and the promise of further expanding the envelope of what CubiX can accomplish in the programmable vehicle-dynamics realm.
National Post
10-07-2025
- Automotive
- National Post
IAA Announces New Market Alliance in Azerbaijan
Article content WESTCHESTER, Ill. — RB Global, Inc. (NYSE: RBA) (TSX: RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced that IAA has launched a new Market Alliance with CarGo Logistic Azerbaijan. CarGo Logistic Azerbaijan will operate an IAA Auction Center, where their team will provide local services and assistance to buyers seeking to browse, bid on and buy inventory listed at IAA. This strategic alliance seeks to broaden the reach of both companies in the country by enabling a new market of buyers in the region to purchase vehicles more efficiently through IAA's bidding platform and receive local assistance in the process. Article content Article content 'We are excited about our continued global expansion with IAA's new Market Alliance in Azerbaijan,' said Scott Guenther, Senior Vice President, North America Operations at IAA. 'With the combination of CarGo Logistic Azerbaijan's on-the-ground support and IAA's industry-leading auction platform, we look forward to meeting the needs of our customers in the region through this agreement.' Article content 'We're proud to bring in depth industry experience and a dedicated local team to our new position as the IAA Market Alliance in Azerbaijan,' said Misheli Chikvatia, Director of CarGo Logistic Azerbaijan. 'Through this agreement, we're not just offering access to U.S. vehicle inventory — we're delivering a seamless, transparent and tailored importing experience for vehicle buyers in this region. With a full-service team behind every transaction, our customers can count on trusted guidance and personalized support at every step.' Article content About RB Global Article content RB Global, Inc. (NYSE: RBA) (TSX: RBA) is a leading, omnichannel marketplace and trusted provider of value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its global network of auction sites and digital platform, RB Global serves customers worldwide across a variety of asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining and agriculture. The company's end-to-end marketplace solutions include Ritchie Bros., IAA, Rouse Services, SmartEquip and VeriTread. For more information about RB Global, visit Article content Forward-Looking Statements Article content Certain statements contained in this release include 'forward-looking statements' within the meaning of U.S. federal securities laws and 'forward-looking information' within the meaning of Canadian securities laws (collectively, 'forward-looking statements'). Forward-looking statements herein include, in particular, statements relating to relating to a new IAA Market Alliance in Azerbaijan and other subjects of this release that are not historical facts. Forward-looking statements are typically identified by such words as 'aim', 'anticipate', 'believe', 'could', 'continue', 'estimate', 'expect', 'intend', 'may', 'ongoing', 'plan', 'potential', 'predict', 'will', 'should', 'would', 'could', 'likely', 'generally', 'future', 'long-term', or the negative of these terms, and similar expressions intended to identify forward-looking statements. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of RB Global's common shares. Therefore, you should not place undue reliance on any such forward-looking statements and caution must be exercised in relying on forward-looking statements. Article content Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties that may cause actual results to differ materially, including but not limited to risks and uncertainties relating to: our ability to drive shareholder value; potential growth and market opportunities; the level of participation in our auctions and the success of our online marketplaces; our ability to grow our businesses, acquire new customers, enhance our sector reach, drive geographic depth, and scale our operations; the impact of our initiatives, services, investments, and acquisitions on us and our customers; the acquisition or disposition of properties; potential future mergers and acquisitions; our ability to integrate acquisitions; our future capital expenditures and returns on those expenditures; our ability to add new business and information solutions, including, among others, our ability to maximize and integrate technology to enhance our existing services and support additional value-added service offerings; the supply trend of equipment and vehicles in the market and the anticipated price environment, as well as the resulting effect on our business and Gross Transaction Value ('GTV'); our compliance with laws, rules, regulations, and requirements that affect our business; effects of various economic, financial, industry, and market conditions or policies, including inflation, the supply and demand for property, equipment, or natural resources; the behavior of commercial assets and vehicle pricing; the relative percentage of GTV represented by straight commission or underwritten (guarantee and inventory) contracts, and its impact on revenues and profitability; our future capital expenditures and returns on those expenditures; the effect of any currency exchange and interest rate fluctuations on our results of operations; the effect of any tariffs on our results of operations; the grant and satisfaction of equity awards pursuant to our compensation plans; any future declaration and payment of dividends, including the tax treatment of any such dividends; financing available to us from our credit facilities or other sources, our ability to refinance borrowings, and the sufficiency of our working capital to meet our financial needs; our ability to satisfy our present operating requirements and fund future growth through existing working capital, credit facilities and debt; misappropriation of data or cybersecurity incidents; and, failure to comply with privacy and data protection laws. Other risks that could cause actual results to differ materially from those described in the forward-looking statements are included in 'Part I, Item 1A: Risk Factors', and the section titled 'Summary of Risk Factors', in our Annual Report on Form 10-K for the year ended December 31, 2024, as such risk factors may be amended, supplemented or superseded from time to time by other reports we file with the Securities and Exchange Commission, including subsequent Quarterly Reports on Form 10-Q. The forward-looking statements included in this release are made only as of the date hereof. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Many of these risk factors are outside of our control, and as such, they involve risks which are not currently known that could cause actual results to differ materially from those discussed or implied herein. RB Global does not undertake any obligation to update any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances that exist after the date as of which the forward-looking statements were made, except as required by law. Article content Article content Article content Article content Contacts Article content RB Global Contacts Media Inquiries: Article content Val Alitovska | RB Global, Inc. Article content Article content Article content valitovska@ Article content Sameer Rathod | RB Global, Inc. Article content Article content Article content
