Autonomous vehicle companies and suppliers have collectively spent about $75 billion developing self-driving technology, with scant sign of meaningful revenue emerging from AV services after all that investment. This has spelled disaster for Aurora Innovation, TuSimple Holdings and Embark Technology, whose shares have each plunged at least 80 percent this year. It’s no wonder Intel… Continue reading The auto industry’s $75B bet on autonomy is not paying off – Automotive News Europe
Tag: Morgan
Gogo to Attend Fourth Quarter Financial Conferences
BROOMFIELD, Colo., Oct. 21, 2022 /PRNewswire/ — Gogo Inc. (NASDAQ: GOGO), the world’s largest provider of broadband connectivity services for the business aviation market, today announced that it will attend the following financial conferences in November and December. J.P. Morgan Equity Opportunities ForumDate: November 14, 2022 Location: Miami Beach, Fla. Company Attendees: Oakleigh Thorne, Chairman… Continue reading Gogo to Attend Fourth Quarter Financial Conferences
2022 ROCHESTER FRINGE FESTIVAL RECAP
Audiences Return in Full Force; Year 12 Dates Announced ROCHESTER, N.Y., Oct. 21, 2022 /PRNewswire/ — For the first time since 2019, the 11th annual Rochester Fringe Festival returned to full, in-person performances with more than 500 shows and events – including 130 free – in 34 traditional and site-specific venues from September 13-24. Fringe is… Continue reading 2022 ROCHESTER FRINGE FESTIVAL RECAP
ArcBest Partners with Integrate to Advance Neurodiversity in its Workforce
Supply chain leader is organization’s first full-scale hiring program partner in the logistics industry FORT SMITH, Ark., Oct. 20, 2022 /PRNewswire/ — ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, today announced a new partnership with Integrate Autism Employment Advisors — a non-profit organization that collaborates with companies to identify, recruit and retain professionals on the… Continue reading ArcBest Partners with Integrate to Advance Neurodiversity in its Workforce
Lithia & Driveway (LAD) Enters North American Luxury Recreation Vehicle Market with the Addition of Airstream Adventures, the Nation’s Largest Airstream Dealer Group
Airstream Adventures adds new, high-value customers to LAD’s portfolio of businesses LAD, the largest new automotive retailer in the U.S. with nationwide coverage, can now combine its innovative and technology-enhanced customer experience with the Airstream Adventures Total Guest Experience Airstream Adventures is consistent with LAD’s vision to provide personal transportation solutions wherever, whenever, and however… Continue reading Lithia & Driveway (LAD) Enters North American Luxury Recreation Vehicle Market with the Addition of Airstream Adventures, the Nation’s Largest Airstream Dealer Group
Wall Street eyes auto industry earnings for signs of ‘demand destruction’
A sign advertises to purchase cars at a used car dealership in Arlington, Virginia, February 15, 2022. Saul Loeb | AFP | Getty Images DETROIT – Since the start of the pandemic in early 2020, U.S. automakers and dealers have seen record profits as demand outpaced supplies of new cars amid supply chain problems. But… Continue reading Wall Street eyes auto industry earnings for signs of ‘demand destruction’
Digital ad market shows ‘signs of life’ but economy clouds 2023 outlook
Oct 19 (Reuters) – When Snap Inc (SNAP.N) kicks off the third-quarter earnings season for tech and social media companies on Thursday, investors are expecting modest revenue growth across most of the sector as results will be compared with a difficult 2021 when Apple Inc (AAPL.O) privacy changes began to upend the advertising industry. But… Continue reading Digital ad market shows ‘signs of life’ but economy clouds 2023 outlook
Spirit Announces Stockholder Approval of Merger Agreement with JetBlue
Transaction Expected to Close No Later Than the First Half of 2024 MIRAMAR, Fla., Oct. 19, 2022 /PRNewswire/ — Spirit Airlines, Inc. (“Spirit” or the “Company”) (NYSE:SAVE) today announced that its stockholders approved the merger agreement with JetBlue Airways Corporation (“JetBlue”) (NASDAQ: JBLU). Based on the preliminary voting results provided by the independent inspector of… Continue reading Spirit Announces Stockholder Approval of Merger Agreement with JetBlue
Vietnam’s BNPL startup Fundiin bags $5m in Series A round
Fundiin, one of the first movers in Vietnam’s buy now pay later (BNPL) sector, has raised $5 million in a Series A funding round co-led by Trihill Capital and ThinkZone Ventures, according to an announcement. Other investors participating in the round included 1982 Ventures, Genesia Ventures, JAFCO Asia, Zone Startups Ventures, and Do Thu Ngan, former… Continue reading Vietnam’s BNPL startup Fundiin bags $5m in Series A round
Ford CEO Jim Hackett on Bronco and Design Thinking – Business Insider
Ford CEO Jim Hackett has faced steady criticism since he took over at the automaker in 2017. Hackett is a staunch proponent of “design thinking,” and the first Ford vehicles shaped by that process are starting to come to market. The best example is the all-new Bronco SUV, which debuted last week after years of… Continue reading Ford CEO Jim Hackett on Bronco and Design Thinking – Business Insider