Mullen acquires 60% stake in Bollinger for $148M
Mullen Automotive Inc. acquired a controlling interest in fellow electric vehicle manufacturer Bollinger Motors, of Oak Park, Mich.Mullen, headquartered in Brea, Calif., bought a 60 percent stake in Bollinger for $148.2 million, the company said Thur.....»»
Rivian acquires route planning app maker Iternio, CEO says
Rivian has acquired Swedish EV route planning app maker Iternio to add its technology to its electric pickups and sport utility vehicles, as well use its data to better expand its own charging network,.....»»
BorgWarner acquires EV charging business in Italy for about $80 million
The acquisition target is expected to generate about $27 million in revenue this year, and BorgWarner expects to grow sales to $273 million by 2027......»»
Virtana acquires OpsCruise to help users manage complex modern environments
Virtana acquired cloud observability platform, OpsCruise, a purpose-built cloud-native, and Kubernetes observability platform. OpsCruise’s solution empowers ITOps/DevOps/SRE teams to predict performance degradation and pinpoint its cause. This.....»»
DeLorean hires ad agency to launch the brand"s first new car in 40 years
Austin, Texas-based Bakery takes a stake in the auto brand that became a cultural icon in “Back to the Future.”.....»»
Automation giant ABB acquires smart home device maker Eve
Eve Systems, the maker of numerous smart home devices that support HomeKit, has been acquired by automation and electrification firm ABB.Eve MotionConfirmed by ABB on Monday, the purchase of the German Eve Systems brings the company under the ownersh.....»»
Apple acquires B2B AR startup Mira
A day after Apple unveiled its first-generation MR headset, Vision Pro, the world's largest company by market value made another acquisition by buying AR startup Mira......»»
TSMC seeks large stake in German fab
TSMC has confirmed intentions to establish a joint venture fab in Germany, but aims for a high shareholding to prevent production capacity from being controlled. The Taiwan-based pure-play foundry is also evaluating the feasibility of setting up anot.....»»
"Improvised, spotty and belated": Will California reform its oversight of water rights?
California's complex system of water rights took shape starting in the mid-1800s, when settlers saw the state's water as abundant and free for the taking—a time when a Gold Rush prospector could stake claim to river flows simply by nailing a notice.....»»
Franchise Equity Partners reveals $55M minority stake in Parks Automotive Group
Franchise Equity Partners invested $55 million in Parks Automotive Group, to acquire a minority stake in the group. The announcement comes months after Parks Automotive, with the investment firm, bought two Stellantis stores near Charlotte, N.C......»»
Twitter value keeps falling under Musk, now worth a third of what he paid
$15 billion valuation after Fidelity lowers value of its Twitter stake again. Enlarge (credit: Getty Images | NurPhoto ) Twitter's value has reportedly dropped to about $15 billion, slightly more than one-third of the $4.....»»
Canada Pension fund increases held Apple shares by 50%, slashes Tesla stake by 53%
The Canada Pension Plan Investment Board boosted its held Apple shares by 50% in the first quarter of 2023, just after slashing held EV stocks like Tesla at the end of 2022.CPP sells Tesla, buys Apple stockApple continues to be a strong stock to hold.....»»
Onfido acquires Airside to boost identity verification for individuals and businesses
Onfido acquired Airside Mobile to deliver user-controlled, shareable digital identity designed with data privacy and time-saving convenience at its core. Airside’s shareable digital identity technology has been used by over 10 million travelers and.....»»
Infineon acquires TinyML startup Imagimob to strengthen embedded AI offering
Infineon Technologies announced on May 16 the acquisition of Sweden-based startup Imagimob AB, a platform provider for machine learning solutions for edge devices. With this acquisition Infineon advances its position to offer a world-class ML solutio.....»»
People in Montana will soon need a TikTok VPN to keep accessing the app
Montana becomes the first US state to ban TikTok from all devices. What's at stake for the future of the Chinese social media giant in the country?.....»»
Geely ups Aston Martin stake to 17% as third largest shareholder
Geely can help Aston Martin in the key Chinese market, the UK's automaker's chairman, Lawrence Stroll, said......»»
BYD acquires another plot in Guangdong to establish automobile industrial park
China-based BYD took a step forward to build an automobile industrial park in Guangdong. The Shenzhen government announced on May 15 that the EV maker obtained an over-520,000-square-meter plot with CNY376 million (US$5.4 million), the fifth it has g.....»»
Stellantis to buy one-third stake in fuel cell system maker Symbio
Stellantis will pay $163 million to Faurecia as part of the deal for a share of Symbio, a hydrogen fuel cell joint venture that also includes Michelin......»»
IBM acquires Polar Security to address the growing shadow data problem
IBM has acquired Polar Security, an innovator in technology that helps companies discover, continuously monitor and secure cloud and SaaS application data – and addresses the growing shadow data problem. This news marks IBM’s 5th acquisition in 2.....»»
Luminar CEO Austin Russell acquires majority stake in Forbes magazine
Russell, the 28-year-old CEO of Luminar Technologies, plans to serve as a visionary for the Forbes brand and won’t be involved in day-to-day operations......»»
Hammerspace acquires Rozo Systems to help users accelerate data analytics
Hammerspace acquires Rozo Systems to expand the performance and hyperscale capacity capabilities of its unstructured Data Orchestration System. Data-driven organizations have rapidly become more decentralized, with files being created, analyzed, and.....»»