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.....»»
Who will build the Apple car? The candidates to watch
Automakers such as Stellantis, formed from the merger of Fiat Chrysler and PSA, and Nissan are open to working with tech giants such as Apple as long as it does not create any technology dependence......»»
Archer lands $1.1B order from United Airlines and a SPAC deal
Archer Aviation, the electric aircraft startup targeting the urban air mobility market, has landed United Airlines as a customer and an investor in its bid to become a publicly traded company via a merger with a special purpose acquisition company. .....»»
Fuel cell-truck startup Hyzon to go public via merger
The deal with a special-purpose acquisition company will generate about $626 million of gross proceeds......»»
EV startup Byton explores listing, report says
The Chinese company is in talks to go public through a merger with a special-purpose acquisition company, Reuters reported......»»
Jeep Super Bowl ad enlists Springsteen in call for unity
Olivier Francois' inclusion of Springsteen marks the latest in a string of big-ticket celebrity appearances that have made Super Bowl ads for Fiat Chrysler Automobiles — and now Stellantis — sizzle during the Frenchman's tenure......»»
THQ parent company picks up Gearbox Software and Aspyr Media in two multimillion-dollar deals
Embracer Group announced the Gearbox merger's one-day purchase price amounted to $363 million, including $175 million in Embracer B shares, with the remainder paid in cash. Gearbox will operate as a wholly-owned subsidiary, with founder Randy Pitchfo.....»»
Could Stellantis reinvigorate Chrysler?
Dave Kelleher, chairman of the dealer council, says he would feel "violated" if the brand was dropped......»»
Fiat Chrysler, PSA to release 2020 results March 3
The two automakers that merged in January to form Stellantis will release 2020 financial results on the same day. .....»»
Fiat, Jeep factory in Italy to pause production on chip shortage, lower demand
More than 7,000 workers at the factory in Melfi, southern Italy, will be furloughed for a week. The plant builds the Jeep Compass and Renegade, and the Fiat 500X......»»
23andMe Is Going Public As It Pushes Further Into Healthcare
23andMe is becoming a publicly-traded company through a merger with Virgin's VG Acquisition. Engadget reports: The deal values 23andMe at about $3.5 billion and should give the company the finances it wants to boost its personal healthcare and therap.....»»
Carta’s startup liquidity service CartaX conducts first transactions on its own cap table
As startups have stayed private longer and liquidity has become harder to secure for early employees and investors, more and more shareholders have looked for ways to unload their shares to others. All the way back in 2011, companies like SecondMarke.....»»
Analysis: Bezos leaves behind a company that"s created value but has also triggered a national reckoning
In 1997, the year Amazon became a publicly traded company, CEO Jeff Bezos promised investors they would be in for a journey. Amazon would not chase short-term profits, he warned in a letter to shareholders. It would focus "relentlessly" on customers......»»
As Jeff Bezos steps down, Amazon stakes its future on the cloud
In his 2014 annual letter to shareholders, Amazon CEO Jeff Bezos wrote that a "dreamy business offering" comprises at least four elements: "Customers love it, it can grow to very large size, it has strong returns on capital, and it's durable in time.....»»
23andMe set to go public via a Virgin Group SPAC merger
Genetics testing and genome research company 23andMe is set to go public via a merger with special purpose acquisition corp (SPAC) VG Acquisition Corp, a vehicle set up by Richard Branson and his company Virgin Group. The transaction is expected to r.....»»
Daimler"s Kallenius goes bold in biggest shake-up since Chrysler sale
The CEO is making a dramatic move to win over investors who have knocked the automaker for keeping its car and truck operations under one roof......»»
Daimler to become Mercedes-Benz, spin off truck unit
The plan to distribute a majority of Daimler Truck to shareholders is the most significant shakeup CEO Ola Kallenius has made since taking over the top job at the German giant almost two years ago......»»
EV tech supplier Ree Automotive to go public via merger
The Israeli startup plans to merge with a special-purpose acquisition company in a deal that would give the combined entity an enterprise value of about $3.1 billion......»»
Astra, rocket startup that has yet to conduct a successful launch, is going public
Astra, a US-based rocket startup aiming to build cheap rockets to haul satellites to space, announced Tuesday that it's going public via a reverse merger known as SPAC......»»
Rocket startup Astra is going public via SPAC
Rocket launch company Astra, which just reached space this past December with a test launch from Alaska, will be going public on the Nasdaq via a merger with a special purpose acquisition company (SPAC) called Holicity. The recent SPAC craze has alre.....»»
Rocket startup Astra is going public vis SPAC
Rocket launch company Astra, which just reached space this past December with a test launch from Alaska, will be going public on the NASDAQ via a merger with a special purpose acquisition company (SPAC) called Holicity. The recent SPAC craze has alre.....»»