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.....»»
Stellantis to hit emissions target without Tesla"s aid, Tavares says
Fiat Chrysler Automobiles previously spent about $2.4 billion to buy European and U.S. CO2 credits from EV maker Tesla over the 2019-2021 period. Tesla collected $1.6 billion from emissions credits in 2020 alone......»»
SHAREHOLDER ALERT: The Law Offices of Timothy L. Miles Announces That Intrusion Inc. Sued for Misleading Shareholders
The Law Offices of Timothy L. Miles Announces That Intrusion Inc. (INTZ) is Being Sued for Misleading Shareholders Nationally Recognized Shareholder Rights Attorney Timothy L. MIles Nationally Recognized Shareholder Rights Attorney Timothy L. MIles T.....»»
Lidar maker AEye valuation slips 25% to $1.5 billion on new SPAC merger terms
The companies attributed the terms of the amended deal to "changing conditions" in the automotive lidar industry......»»
Stellantis consolidates advertising account with Publicis
The automaker, which formed earlier this year with the merger of Fiat Chrysler and Peugeot, spent $4.2 billion on worldwide advertising last year......»»
Snethkamp Automotive adds Stellantis store in Michigan
The Snethkamp Automotive Family bought a Chrysler-Dodge-Jeep-Ram dealership in Gaylord from Bob Feeny. The Snethkamp group has two other Chrysler-Dodge-Jeep-Ram stores in Southeast Michigan......»»
John Legere got $137 million severance for completing T-Mobile/Sprint merger
Legere's 2020 compensation was $137.2M—he worked three months, then left in April. Enlarge / Then-T-Mobile CEO John Legere testifies before the House Judiciary Committee's Antitrust Subcommittee on March 12, 2019 in Washington, DC. (credit: Ge.....»»
A cooling trend in public markets makes UiPath’s down-round IPO a win for the company
Robotic process automation (RPA) unicorn UiPath last night priced its IPO at $56 per share, above its raised price target range of $52 to $54. The company sold 9,416,384 shares at that price, alongside 14,474,393 from existing shareholders. Its under.....»»
Hertz gets sweetened offer as bankruptcy bidding war escalates
The latest plan would hand shareholders more value -- specifically a 40 percent stake in the reorganized company through a combination of direct investment and a more than $1 billion equity rights offering, Bloomberg reported......»»
CMA clears £31bn merger between O2 and Virgin Media
The £31bn merger between Virgin Media and O2 has been provisionally cleared by Britain's competition watchdog......»»
Jeff Bezos publishes final annual letter to shareholders
Bezos said Amazon now has more than 200 million Prime members worldwide. Perhaps more impressive is the fact that Amazon now directly employs 1.3 million people around the world and has more than 1.9 million small and medium-sized businesses selling.....»»
Bezos Says Amazon Workers Aren"t Treated Like Robots, Unveils Robotic Plan To Keep Them Working
In his final letter to shareholders as Amazon CEO, Jeff Bezos said that the company has to "do a better job for our employees." But, as The Verge points out, the outlined strategy includes "a robotic scheme that will develop new staffing schedules us.....»»
Ferrari brings forward launch of first EV
The automaker will unveil the car in 2025, the automaker's chairman, John Elkann, told shareholders......»»
Bezos says Amazon should “do a better job for our employees” after union vote
Farewell letter also reveals his concerns about the company’s carbon footprint. Enlarge (credit: Alex Wong/Getty Images) Amazon CEO Jeff Bezos used his final letter to Amazon shareholders to focus on employee well-being and the company’s s.....»»
Jeff Bezos finally shares his feelings about Amazon workers" union vote
In his final letter to shareholders as Amazon CEO before he steps down from the role later this year, Jeff Bezos spent much of his time addressing the complaints of critics, both directly and indirectly......»»
Agnelli, Peugeot families agree to consult on Stellantis
The accord, "aimed at strengthening the relations between the families," will allow the two companies to exchange views, while leaving them free to vote as they choose and not carrying any obligation to coordinate their actions as Stellantis sharehol.....»»
Single-store Honda dealer adds 3 dealerships near Gulf Coast
Ryan Mayer, president of Tameron Gulf Coast dealership group, in the past few weeks has purchased three dealerships: a Kia store in Mississippi and Buick-GMC and Chrysler-Dodge-Jeep-Ram-Fiat dealerships in Alabama......»»
Virgin Media and O2 "blockbuster" merger provisionally approved
The deal will make the telecoms firm a "powerful" rival to BT, according to analysts......»»
Nvidia admits its horrible GPU shortage will continue throughout 2021
During a call with shareholders, Nvidia explained that GPU demand will continue to exceed supply throughout 2021......»»
Baker Auto Group expands into Florida
The group, with two stores in New Jersey, has purchased DeSoto Auto Mall. The dealership sells Ford, Chrysler, Dodge, Jeep and Ram vehicles......»»
NGK Spark Plugs launches $100M corporate venture fund, will seek M&A opportunities
NGK Spark Plug, one of the world’s largest manufacturers of automative spark plugs, announced a new $100 million fund to invest in startups and find potential merger and acquisition deals. The fund was launched with Pegasus Tech Ventures, the ̶.....»»