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.....»»
Chrysler Pacifica Earns Spot on 2021 Best Family Cars List
PARENTS magazine recently named the 2021 Chrysler Pacifica to its list of “The Best Family Cars of 2021.” The Pacifica earned recognition for its family-friendly features and took home the award for Best Handling. Another Accolade Under Its Belt.....»»
New dealer buys 2 stores in southern Illinois and Indiana
Dealer Steve Faulkner acquired J Wilderman Autoplex in Mount Carmel, Ill., a single rooftop selling Ford, Chrysler, Dodge, Jeep and Ram vehicles, and Patriot Chevrolet-Buick-GMC in nearby Princeton, Ind......»»
SoftBank Vision Fund 2 invests $160M in media localization provider Iyuno-SDI Group
Iyuno-SDI Group, a provider of translated subtitles and other media localization services, announced today it has raised $160 million in funding from SoftBank Vision 2. The company said this makes the fund one of its largest shareholders. Iyuno-SDI G.....»»
O"Steen Automotive Group adds dealership in Georgia
O'Steen Automotive Group purchased Martin Motors in Nashville, Ga. The Chrysler-Dodge-Jeep-Ram dealership offers O'Steen customers more vehicle brand options, the group's president said......»»
Shares of lidar sensor startup Innoviz rise in trading debut
The Israeli startup went public Tuesday after completing a merger with publicly listed blank-check firm Collective Growth Corp. that raised $371 million......»»
Robotic exoskeleton maker Sarcos announces SPAC plans
While it’s true the VC world has gone SPAC-happy, the reverse merger method hasn’t been a huge driver in robotics thus far, with some notable exceptions like Berkshire-Grey. This morning, however, Utah-based Sarcos Robotics announced plans to boa.....»»
Will Topps’ SPAC-led debut expand the bustling NFT market?
Twitter is abuzz with the news that Topps, a company perhaps best known for making collectible trading cards, is going public via a SPAC. The reverse merger with its chosen blank-check company values the combination on an equity basis at $1.163 billi.....»»
Facebook’s Kustomer buy could face EU probe after merger referral
The European Union may investigate Facebook’s $1BN acquisition of customer service platform Kustomer after concerns were referred to it under EU merger rules. A spokeswoman for the Commission confirmed it received a request to refer the propose.....»»
LINE Ventures merges with YJ Capital, launches $271M fund
LINE completed its merger with Yahoo! Japan owner Z Holdings last month, and now the two firm’s venture capital arms have also combined. Z Holdings announced today that its subsidiary, YJ Capital, has merged with LINE Ventures to form Z Venture Cap.....»»
Former GM exec"s SPAC to acquire electric aircraft startup Lilium
Qell Acquisition Corp., led by former GM North America President Barry Engle, plans to take the German startup public through a reverse merger in a deal that values the combined company at about $3.3 billion.....»»
Knock is the latest proptech said to be eyeing the public markets
Another proptech is considering raising capital through the public arena. Knock confirmed Monday that it is considering going public, although CEO Sean Black did not specify whether the company would do so via a traditional IPO, SPAC merger or direct.....»»
WeWork To Go Public Via SPAC At Significantly Reduced Valuation of $9 Billion
phalse phace shares a report from CNBC: WeWork has agreed to go public through a merger with blank-check firm BowX Acquisition Corp in a deal that values the office-sharing startup at $9 billion including debt. It marks a steep drop from the $47 bill.....»»
Stellantis halts Chrysler minivan production for 4 weeks due to chip shortage
The Windsor minivan plant is the latest Canadian plant idled by the widening global shortage of microchips......»»
Production line at Fiat-Jeep plant in Italy could close, union says
The plant builds the Jeep Compass and Renegade, and Fiat 500X SUVs......»»
Musk: Tesla accepts bitcoin as payment, won’t convert it “to fiat currency”
Bitcoin option live on Tesla's site in US now, coming to other countries later. Enlarge (credit: Getty Images | Chesnot ) Tesla has begun accepting bitcoin as payment from car buyers in the continental US, and CEO Elon Musk said the company pl.....»»
How pending rail merger could aid North American auto industry
A rail merger makes the overall transportation system for automakers more efficient, says the head of the Canadian Vehicle Manufacturers’ Association. The "pieces are coming together," he said......»»
Stellantis" war on costs at Fiat factories in Italy begins with the toilets, unions say
Management has reduced the amount of toilets available to workers and cut cleaning shifts at the Mirafiori plant in Turin, which builds the Fiat New 500 EV, according to unions......»»
QuantumScape’s share sale to fund solid-state battery production roils its market value
QuantumScape has issued a share offering to pay for an expanded pilot production line for its solid-state batteries just months after it became a publicly traded company via a reverse merger. QuantumScape said in a regulatory filing that the net proc.....»»
Did an exec lunch bunch quash Nissan merger plan?
A key former executive testified that he was against Carlos Ghosn's merger plan and also helped lead the probe into allegations of wrongdoing by the ex-chairman — but they were two different matters......»»
Bluma Wellness Announces Shareholder Approval for Proposed Plan of Arrangement with Cresco Labs
TORONTO–(BUSINESS WIRE)–Bluma Wellness Inc. (the “Company” or “Bluma Wellness”) (CSE: BWEL.U) (OTCQX:BMWLF) is pleased to announce that shareholders of the Company (“Bluma Shareholders”) approved all resolutions brought before.....»»