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Automotive Brand Loyalty Rates Show Positive Shift, according to S&P Global Mobility

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SOUTHFIELD, Mich., Aug. 28, 2024 /PRNewswire/ — Industry brand loyalty rates trended upward in the first half of 2024 following several years of flat or declining values, according to a new S&P Global Mobility analysis of new vehicle registration data through the first half of the year.

The industry’s brand loyalty rate through June stands at 52.5%, reflecting a 1.9 percentage point (PP) improvement over the same period in 2023, marking the first year-over-year increase since 2020. The year-over-year increase in loyalty is a positive sign for the industry after several years of lower loyalty levels due to inventory shortages and post-pandemic recovery.

More than half of all brands in the industry saw a year-over-year increase of 1 percentage point (PP) or better. This group included both mainstream and luxury brands, which saw increases of 1.9 PPs and 1.4 PPs, respectively. Growing inventory levels and a strong pipeline of return-to-market households were the primary factors in loyalty gains for the first half of 2024.

“Last year we saw a big jump in the number of households returning to market for a new vehicle, but the inventory was lacking,” said Vince Palomarez, associate director, Loyalty product management at S&P Global Mobility. “This year, return-to-market volume remains consistent; however, inventory levels are up more than 40%, so households have more opportunity to remain loyal to their previous brand.”

Conquest trends adversely affected

The increase in brand loyalty adversely affected conquest volume, as both sectors experienced year-over-year declines in the first half compared to the same period last year.  The Luxury brands, which experienced an 18% year over year increase for the first half of 2023, faced the largest decline, dropping 6.4% in the first half of 2024. Meanwhile, mainstream brands, while still declining year over year, saw conquest levels fall 1% vs. the first half of 2023.

“The positive jump in loyalty came at the expense of conquests,” said Tom Libby, associate director for loyalty solutions and industry analysis at S&P Global Mobility. “Past years have shown that increases in both loyalty and conquests are possible if the pool of return-to-market rises as well. The first half of 2024 showed little to no change in return to market, so either loyalty or conquest were going to be affected.”

Among individual brands, Tesla continues its run as the leader in brand loyalty with a rate of 67.8% for the first half of 2024. While all Tesla models retain more than 60% of their previous owners, the Model 3 remains the leader in the brand’s lineup with a loyalty rate of 72.1%.

“Tesla has historically been a brand with strong loyal ties among their consumer base, despite a limited product portfolio,” said Palomarez. “Changes in BEV prioritization among other OEMs, along with Tesla’s directive to cut pricing when needed, has kept households from defecting.”

Additional mid-year highlights:

General Motors leads all multi-brand manufacturers in manufacturer loyalty for the first half of 2024, at 67.7%Jaguar, Land Rover, and Lincoln are among the highest year-over-year gainers in brand loyalty, each improving rates by more than 6 PPsThe Lincoln Nautilus is the current leader in model loyalty at 46.7%

About S&P Global Mobility

At S&P Global Mobility, we provide invaluable insights derived from unmatched automotive data, enabling our customers to anticipate change and make decisions with conviction. Our expertise helps them to optimize their businesses, reach the right consumers, and shape the future of mobility. We open the door to automotive innovation, revealing the buying patterns of today and helping customers plan for the emerging technologies of tomorrow.

S&P Global Mobility is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity, and automotive markets. With every one of our offerings, we help many of the world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information, visit www.spglobal.com/mobility.

Media Contact:

Michelle Culver
S&P Global Mobility
248.728.7496 or 248.342.6211
Michelle.culver@spglobal.com

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SOURCE S&P Global Mobility

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Ultra Clean Announces Retirement of the Chief Financial Officer Sheri Savage

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April 28, 2026

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HAYWARD, Calif., April 28, 2026 /PRNewswire/ — Ultra Clean Holdings, Inc. (Nasdaq: UCTT), today announced that Sheri Savage, CFO, will be retiring from the company.

“On behalf of the Board and the entire UCT team, I want to extend my deepest gratitude to Sheri for her remarkable 17 years of leadership and service,” said James Xiao, CEO. “Throughout her tenure, Sheri has played a pivotal role in shaping UCT’s financial strength, operational discipline, and long-term strategic direction. Her steady leadership, deep expertise, and unwavering commitment to excellence have helped guide the company through multiple industry cycles, positioning UCT for the next phase of growth. Sheri has been a trusted partner to me, the Board, and the broader global finance team, and her positive impact on this company will be lasting. We thank her sincerely for her dedication and wish her all the very best in her well-earned retirement.”

“It has been an incredible honor to be part of UCT’s journey over the past 17 years. I am deeply proud of what we have built together – strengthening our financial foundation, supporting our customers, and growing alongside a truly talented and committed global team,” said Sheri. “I am grateful for the trust and support I’ve received from my colleagues, our leadership team, and the Board throughout my tenure. UCT is well positioned for the future, and I look forward to watching the company continue to grow and succeed in the years ahead.”

The Board has initiated a comprehensive search for Sheri’s successor, considering both internal and external candidates, and will provide an update in due course.

About Ultra Clean Holdings, Inc.

Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services, primarily for the semiconductor industry. Under its Products division, UCT offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping, and high-precision manufacturing. Under its Services Division, UCT offers its customers tool chamber parts cleaning and coating, as well as micro-contamination analytical services. Ultra Clean is headquartered in Hayward, California. Additional information is available at www.uct.com.

Contact:

Rhonda Bennetto
SVP Investor Relations
rbennetto@uct.com

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SOURCE Ultra Clean Holdings, Inc.

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SandboxAQ CEO Jack Hidary at Davos: GPS Jamming and AI Cyber Threats Now Converge

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April 28, 2026

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CEO tells The National that navigation interference and AI vulnerabilities now form a single threat surface for critical systems.

PALO ALTO, Calif., Apr. 28, 2026 /PRNewswire/ — At the World Economic Forum in Davos, Jack Hidary, CEO of SandboxAQ, warned that GPS jamming, GPS spoofing, and AI-enabled cyberattacks are converging into a single operational threat to critical systems. In remarks to The National, Hidary said the threats are no longer separate concerns but overlapping challenges requiring unified resilience.

SandboxAQ addresses both fronts with two technologies: AQNav, which uses the Earth’s magnetic field — the same signal birds and animals navigate by — to deliver resilient positioning, navigation, and timing in GPS-denied environments, and AQtive Guard, which unifies AI security and cryptographic posture management.

GPS interference is shifting from edge case to operational norm:

In June 2025, residents across multiple Middle Eastern countries reported location-service disruptions affecting consumer devices, ships, and aircraft, according to The National.In September 2025, media outlets reported GPS jamming on a flight carrying European Commission President Ursula von der Leyen, attributed to Russian interference.

“Recently, there was a plane flying and because it lost GPS because of jamming, the autopilot would not engage,” Hidary said, citing pilot reports of cascading failures inside aircraft systems. AQNav, tested by the US Air Force and several aviation companies, has drawn interest from Middle Eastern airlines.

Hidary linked GPS disruption to a parallel AI threat: “Large language models are also a vector of cyber attack.” He cited nation-state hackers exploiting generative AI tools, plus the Samsung incident, where engineers entered confidential information into ChatGPT.

The WEF’s 2026 Global Risks Report ranks cyber insecurity #6 among short-term global risks, with adverse outcomes of AI technologies showing the sharpest long-term rise — moving from #30 in the two-year outlook to #5 in the ten-year outlook. The report warns that “technological risks are also anticipated to worsen in severity over the next decade.”

Learn more or request a demo at sandboxaq.com. Read the full Davos coverage in The National.

About SandboxAQ

SandboxAQ is an enterprise company delivering AI solutions at the intersection of machine learning and science. Spun out from Alphabet in 2022, it develops Large Quantitative Models (LQMs) for life sciences, cybersecurity, financial services, navigation, and advanced materials. Visit www.sandboxaq.com to learn more.

 

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SOURCE SandboxAQ

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Tech-Access Canada Welcomes $165M Federal Investment to Accelerate Commercialisation

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April 28, 2026

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OTTAWA, ON, April 28, 2026 /CNW/ – Tech-Access Canada, the national network of Canada’s Technology Access Centres (TACs), welcomes today’s federal Spring Economic Update, which includes an investment of $165 million over five years to extend support for the College and Community Innovation (CCI) Program.

Delivered through Canada’s tri-council research system and administered by the Natural Sciences and Engineering Research Council of Canada, the CCI Program enables businesses to access applied R&D expertise, specialized facilities, and technical services to advance innovation and bring new technologies to market.

This investment will strengthen Canada’s capacity to support commercialisation and productivity by helping businesses, particularly small and medium-sized enterprises, accelerate the development, validation, and adoption of new products, processes, and technologies.

“Continued support for the CCI Program reinforces a proven model that connects businesses with the expertise and infrastructure they need to innovate and compete,” said Melanie Ross, Research Chair, Green Building Technology Access Centre, Southern Alberta Institute of Technology, and Chair of Tech-Access Canada’s Board of Directors. “Technology Access Centres deliver practical, industry-driven solutions that help companies move ideas forward and translate innovation into real economic outcomes.”

Each year, TACs work with thousands of companies across sectors to advance technologies along the commercialisation pathway from early-stage validation through to deployment and scale-up. By providing objective, non-dilutive support, TACs help companies make informed decisions, avoid costly missteps, and accelerate time-to-market.

“This investment helps ensure that innovation developed in Canada stays in Canada,” said Ken Doyle, Executive Director of Tech-Access Canada. “TACs help companies commercialise here at home reducing risk, accelerating time to market, and driving real outcomes. As Canadian firms scale and export globally, that success returns to the Canadian economy.”

Tech-Access Canada’s network includes more than 70 Technology Access Centres located across the country, providing businesses with access to over 2,100 applied R&D experts, millions of square feet of specialized facilities, and hundreds of millions of dollars in equipment and infrastructure.

About Tech-Access Canada

Tech-Access Canada is the national network of Canada’s Technology Access Centres (TACs), which help businesses access the expertise, facilities, and support they need to advance innovation and bring new products and services to market.

www.MeetTheTACs.ca

SOURCE Tech-Access Canada

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