Magna Announces Date for Q2 2024 Results Call

AURORA, Ontario, July 02, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA)  MAGNA INTERNATIONAL INC. SECOND QUARTER 2024 RESULTS WEBCAST  FRIDAY – AUGUST 2, 2024 8:00 AM ET LIVE AUDIO WEBCASTWebcast registration: https://events.q4inc.com/attendee/760182349 DIAL IN DETAILS Participant Toll-Free Dial-In:    1-800-715-9871 Participant Toll Dial-In:   1-646-307-1963 Conference ID:   9829976 Slide presentation will be available on… Continue reading Magna Announces Date for Q2 2024 Results Call

From burritos to biotech: How robotics startup Cartken found its AV niche

Cartken and its diminutive sidewalk delivery robots first rolled into the world with a narrow charter: carrying everything from burritos and bento boxes to pizza and pad thai that last mile to hungry customers.  But the vision — thanks to the startup’s approach to autonomous vehicle technology — was always broader, according to Cartken co-founder… Continue reading From burritos to biotech: How robotics startup Cartken found its AV niche

EKA appoints Rohit Srivastava as Chief Growth Officer 

EKA, a Mitsui and VDL Groep-backed EV firm has appointed Rohit Srivastava as the company’s Chief Growth Officer. Sales, marketing, business development, and product management will fall under his purview. Dr. Sudhir Mehta, Founder and Chairman of EKA Mobility, said, “His vast experience and proven track record in the commercial vehicles and EV sectors make him an… Continue reading EKA appoints Rohit Srivastava as Chief Growth Officer 

EKA appoints Rohit Srivastava as Chief Growth Officer 

EKA, a Mitsui and VDL Groep-backed EV firm has appointed Rohit Srivastava as the company’s Chief Growth Officer. Sales, marketing, business development, and product management will fall under his purview. Dr. Sudhir Mehta, Founder and Chairman of EKA Mobility, said, “His vast experience and proven track record in the commercial vehicles and EV sectors make him an… Continue reading EKA appoints Rohit Srivastava as Chief Growth Officer 

Sanctuary AI Announces Strategic Financing From BDC Capital and InBC

Sanctuary’s existing investors include Accenture, Bell, Export Development Canada, Evok Innovations, Magna, SE Health, Verizon Ventures, and Workday Ventures. It also received a $30 million Strategic Innovation Fund (SIF) contribution from the Government of Canada in November 2022. “Following the incredible impact of pre-trained transformers on the digital world over the last seven years, with… Continue reading Sanctuary AI Announces Strategic Financing From BDC Capital and InBC

Stellantis invests $55 million more in eVTOL aircraft maker Archer

Stellantis and Archer Aviation, a leader in electric vertical take-off and landing (eVTOL) aircraft, have announced that Archer has received an additional $55 million (Rs 458 crore) investment from Stellantis under the companies’ strategic funding agreement following the achievement of its transition flight test milestone last month.  This latest investment builds on Stellantis’ series of… Continue reading Stellantis invests $55 million more in eVTOL aircraft maker Archer

Magna Announces Date for Q2 2024 Results Call

AURORA, Ontario, July 02, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA)  MAGNA INTERNATIONAL INC. SECOND QUARTER 2024 RESULTS WEBCAST  FRIDAY – AUGUST 2, 2024 8:00 AM ET LIVE AUDIO WEBCASTWebcast registration: https://events.q4inc.com/attendee/760182349 DIAL IN DETAILS Participant Toll-Free Dial-In:    1-800-715-9871 Participant Toll Dial-In:   1-646-307-1963 Conference ID:   9829976 Slide presentation will be available on… Continue reading Magna Announces Date for Q2 2024 Results Call

@Groupe PSA: PR Stellantis Invests Additional $55 Million In Archer Following Recent Flight Test Milestone007669

This latest investment builds on Stellantis’ series of open market purchases of 8.3 million shares of Archer’s stock in March of this year that was previously announced. During 2023, Stellantis invested $110 million in Archer through a combination of open market stock purchases and investments under the companies’ strategic funding agreement. Archer remains on track… Continue reading @Groupe PSA: PR Stellantis Invests Additional $55 Million In Archer Following Recent Flight Test Milestone007669

@FCA: Stellantis Invests Additional $55 Million in Archer Following Recent Flight Test Milestone

July 2, 2024 , Amsterdam and Santa Clara, Calif. – Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) and Archer Aviation Inc. (NYSE:ACHR), a leader in electric vertical takeoff and landing (eVTOL) aircraft, today announced Archer has received an additional $55 million investment from Stellantis under the companies’ strategic funding agreement following the… Continue reading @FCA: Stellantis Invests Additional $55 Million in Archer Following Recent Flight Test Milestone

Bargain or burden? The truth about buying a Fisker Ocean

News that Fisker Group, the US electric car maker behind the Ocean SUV, has filed for Chapter 11 bankruptcy protection won’t have surprised many owners of its vehicles, who have been monitoring the company’s troubles in recent months. However, for those bold enough to seize the opportunity, this development opens up the prospect of bargains… Continue reading Bargain or burden? The truth about buying a Fisker Ocean