AEye fills investors in on new lidar product amid continued losses outpacing revenue

4Sight, the previously dubbed “game changer” lidar platform by AEye, now has a new option that can see smaller objects at higher vehicle speeds. During the company’s Q2 2023 earnings call on Monday, CEO Matt [...]

2023-08-09T13:39:36-04:00August 9th, 2023|RDN News Feed|

Berkshire profits rebound as insurance earnings, stocks surge

Following news of landmark profits by Berkshire Hathaway, GEICO’s parent company, stocks jumped Monday morning to near record highs. According to the Associated Press, Berkshire Hathaway said Saturday that its profits surged to hit $24,755 per [...]

2023-08-08T13:38:07-04:00August 8th, 2023|RDN News Feed|

State Farm hikes Louisiana auto policies by 17%, others could follow

State Farm has been approved to raise its car insurance rates by 17.3% in Louisiana, the state’s insurance commissioner confirmed in a move expected to affect more than 1 million drivers. Louisiana Insurance Commissioner Jim [...]

2023-08-08T13:37:36-04:00August 8th, 2023|RDN News Feed|

USDOT, public & private sectors continue work on zero traffic death strategy, grant opportunities available

Twenty-five additional organizations and businesses have committed to the U.S. Department of Transportation (USDOT)’s National Roadway Safety Strategy (NRSS), becoming “Allies in Action,” to curb crisis-level road deaths in the U.S., including better post-crash care. [...]

2023-08-08T13:37:05-04:00August 8th, 2023|RDN News Feed|

Importance of following OEM refinishing procedures highlighted

A BASF automotive expert has shared insights on the challenges of refinishing newer bumpers given the increased complexity and features of modern vehicles. Jeff Wildman told Repairer Driven News that it’s imperative for everyone in [...]

2023-08-08T13:36:03-04:00August 8th, 2023|RDN News Feed|

MaaS AV body structure concept touts better passenger safety, lighter battery carrier frame

The results of a global steel industry initiative aimed at developing the world’s first fully autonomous, electric vehicle (EV) body structure concept for ride-sharing were unveiled last week by WorldAutoSteel. The project, called Steel E-Motive, [...]

2023-08-08T13:35:01-04:00August 8th, 2023|RDN News Feed|

Driven Brands stock plummets, 2 firms allege violation of federal securities laws

At least two investigations have been launched against Driven Brands over alleged violation of federal securities laws while its stock reached an all-time low of $16.05 when shares plummeted 37.55%. Wolf Popper and Holzer & [...]

2023-08-05T13:33:57-04:00August 5th, 2023|RDN News Feed|
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