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

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

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

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

Fisker faced financial distress as early as last August

Fisker was facing “potential financial distress” as early as last August, according to a new filing in its Chapter 11 bankruptcy proceeding, which the EV startup initiated earlier this week. The admission provides a clearer picture of Fisker’s troubles in 2023 as it struggled to ramp up deliveries of its flagship Ocean SUV, despite CEO… Continue reading Fisker faced financial distress as early as last August

On Semiconductor (ON) Expands SiC Footprint in Czech Republic

On Semiconductor ON is expanding its footprint in Europe with an initiative, which is aimed at bolstering its capabilities in silicon carbide (SiC) manufacturing. The company recently announced its plans to invest up to $2 billion (44 billion CZK) in a vertically-integrated SiC manufacturing facility in the Czech Republic. The multi-year investment underscores ON’s commitment… Continue reading On Semiconductor (ON) Expands SiC Footprint in Czech Republic

Serve Robotics Appoints Euan Abraham as Chief Hardware & Manufacturing Officer

SAN FRANCISCO, June 21, 2024 /PRNewswire/ — Serve Robotics (“Serve”) (Nasdaq:SERV), a leading autonomous sidewalk delivery company, today announced the appointment of Euan Abraham as its Chief Hardware & Manufacturing Officer. Abraham, who has been with Serve since January 2022 as Senior Vice President of Hardware Engineering, has been instrumental in the development of Serve’s… Continue reading Serve Robotics Appoints Euan Abraham as Chief Hardware & Manufacturing Officer

Magna International (TSE:MG) investors are sitting on a loss of 44% if they invested three years ago

As an investor its worth striving to ensure your overall portfolio beats the market average. But in any portfolio, there are likely to be some stocks that fall short of that benchmark. We regret to report that long term Magna International Inc. (TSE:MG) shareholders have had that experience, with the share price dropping 49% in… Continue reading Magna International (TSE:MG) investors are sitting on a loss of 44% if they invested three years ago

Magna Awarded Reconfigurable Seating Business With Chinese OEM

Innovative system offers two rows of seats on long rails with a fully rotating front row Flexible layout for more in-cabin space Award showcases local R&D, complete technology development, and production readiness AURORA, Ontario, June 18, 2024 (GLOBE NEWSWIRE) — For more than 65 years, Magna has helped redefine the very concept of consumer experience… Continue reading Magna Awarded Reconfigurable Seating Business With Chinese OEM

Fisker failed because it wasn’t ready to be a car company

Two years ago, an employee at Fisker Inc. told me that the most pressing concern inside the EV startup was not whether its Ocean SUV would get built. Fisker was outsourcing the manufacturing of its first EV to highly respected automotive supplier Magna, after all. The startup’s November 2022 start-of-production target was aggressive, but not… Continue reading Fisker failed because it wasn’t ready to be a car company