Peugeot shareholders say yes to merger with Fiat Chrysler
The new company is called Stellantis and is the world's 4th-largest automaker. Enlarge (credit: Rafael Henrique/SOPA Images/LightRocket via Getty Images) For the past few years, Fiat Chrysler Automobiles has been looking to get married. After.....»»
Nikola cuts delivery outlook for its electric semi trucks
Nikola, the electric truck startup that went public via a SPAC merger, warned Tuesday that supply chain constraints are causing numerous delays forcing it to slash its vehicle delivery projections in half. The company, which is still in pre-productio.....»»
What is LMDh and why are we so excited about sports car racing in 2023?
Acura, Audi, BMW, Ferrari, Peugeot, and Toyota can all race together in 2023—here's how. Enlarge / This sketch is all we've seen of Porsche's forthcoming LMDh hybrid racer. But now we know that when it starts racing in 2023, it will be run by.....»»
Egyptian ride-sharing company Swvl plans to go public in a $1.5B SPAC merger
Queen's Gambit Growth Capital, the women-led SPAC in charge of the deal, called Swvl 'a disruptive platform that solves complex challenges and empowers underserved populations.' Cairo and Dubai-based ride-sharing company Swvl plans to go pu.....»»
3 former Chrysler senior execs to retire from Stellantis
Mark Chernoby, Scott Garberding and Michael Keegan, all of whom started before the DaimlerChrysler era, are leaving as the operations of Fiat Chrysler and PSA Group are combined......»»
TSMC in early stage talks over new German fab possibility
TSMC is in the early stages of discussions with clients over the feasibility of setting up a new fab in Germany, chairman Mark Liu told shareholders at the company's annual general meeting on July 26......»»
Lucid Motors’ SPAC merger approved after executives issue plea to shareholders to vote
Shareholders approved Friday EV startup Lucid Motors’ merger with special purpose acquisition company Churchill Capital IV, after the companies extended the deadline by one day because not enough retail investors showed up to cast their vote. The i.....»»
Netflix wrapped up Q2 with over 209 million subscribers, but still missed on earnings
In its letter to shareholders, Netflix said it had 201.18 million subscribers at the end of the second quarter, an increase of 1.54 million over the 207.64 million it reported for the first quarter. According to Street Account, analysts were expectin.....»»
SPACs keep rolling as autonomous vehicle startup Aurora targets blank-check debut with $13B valuation
Aurora Innovation, the autonomous vehicle startup that acquired Uber’s self-driving unit in December, is going public via a merger with special purpose acquisition company Reinvent Technology Partners Y. The deal announced Thursday confirms Tec.....»»
UK-listed Cybersecurity Firm Avast in Merger Talks With NortonLifeLock
London-listed cybersecurity firm Avast is in advanced talks with U.S. rival NortonLifeLock about a merger that would create a clear leader in consumer security software. From a report: Both companies confirmed the talks late on Wednesday, with Avast.....»»
Elon Musk defends Tesla’s $2.6B acquisition of SolarCity in Delaware court
Elon Musk is testifying Monday morning in a lawsuit over Tesla’s 2016 acquisition of SolarCity, a $2.6 billion transaction that a group of shareholders allege was a “bailout” of the failing solar company. The shareholders are seeking repayment.....»»
Auto giant Stellantis to invest €30B in electrification through 2025
Stellantis, the global automaker born out of a merger between Fiat Chrysler Automobiles and French automaker Groupe PSA, will invest €30 billion ($35.5 billion) in electric vehicles and new software over the next four years as part of a major push.....»»
Satellite operator Planet to go public in $2.8B SPAC merger
Planet, which operates a network of around 200 satellites that provides Earth imaging, as well as analytics of the data derived from that observation, is going public in a merger with special purpose acquisition company (SPAC) dMY Technology Group IV.....»»
Satellite imagery startup Satellogic to go public via SPAC valuing the company at $850M
The space SPAC frenzy might’ve died down, but it isn’t over: Earth observation startup Satellogic is the latest to go public via a merger with CF Acquisition Corp. V, a special purpose acquisition company set up by Cantor Fitzgerald. Sate.....»»
Peugeot plans to win Le Mans in 2022 with this 9X8 hybrid prototype
The French Lion last tasted victory at La Sarthe in 2009. Peugeot is returning to Le Mans for the first time in over a decade with a new hybrid prototype called the 9X8......»»
MediaTek reiterates high revenue, gross margin projections for 2021
MediaTek has reiterated its revenue growth projection of over 40% for 2021 with overall gross margin to stay at 44-46%, and will dole out cash dividends of up to NT$58.844 billion (US$2.109 billion) allowing shareholders to share handsome profit gain.....»»
Microsoft"s Shareholders Demand Right-To-Repair
An anonymous reader quotes a report from Motherboard: Microsoft shareholders have filed a resolution demanding the company seriously consider making its products easier to repair. As You Sow, a non-profit that specializes in shareholder advocacy, del.....»»
Foxconn plowing deeper into semiconductor and EV
Foxconn (Hon Hai) Technology Group has recently acquired a 5.03% stake or 120 million shares in Malaysia-based Dagang NeXchange (DNeX) for around NT$720 million (US$25.78 million) from existing DNeX shareholders, which will help further deepen its de.....»»
Google, Facebook, Amazon and Others Urge SEC To Mandate Regular Climate Reports
A group of seven tech companies urged the Securities and Exchange Commission to require businesses to regularly disclose climate-related matters to their shareholders. From a report: In a letter to SEC Chairman Gary Gensler on Friday, Google parent A.....»»
AMC Is Giving Free Popcorn Away To Meme Stonk Investors
AMC announced today that it was creating AMC Investor Connect, "an innovative, proactive communication initiative that will put AMC in direct communication with its extraordinary base of enthusiastic and passionate individual shareholders to keep the.....»»
A new soft electronic material for human-machine interfacing
Researchers at DTU Health Tech have developed a new material that can facilitate a near-perfect merger between machines and the human body for diagnostics and treatment......»»