A Nevada man was arrested today in Los Angeles for an alleged investment fraud scheme that defrauded more than 10,000 victims of over $45 million. A federal grand jury in the District of Nebraska previously returned an indictment on June 14 charging the man, which was unsealed today in Omaha. According to the indictment, Neil… Continue reading Owner of Technology Companies Arrested for Alleged $45 Million Investment Fraud Scheme Involving Over 10,000 Victims
Tag: Electric vehicles
Gordon Murray Group expands to develop EVs for car makers
Gordon Murray Group, best known for its T50 and T33 supercars, has announced major growth plans which will focus on developing electric vehicles for global car makers. Under the new set-up, the group splits into Gordon Murray Automotive (GMA) and Gordon Murray Technology (GMT), the latter of which will be responsible for developing, designing and… Continue reading Gordon Murray Group expands to develop EVs for car makers
UK car production up for first time in 11 months
UK car manufacturing rose for the first time in 11 months, new figures have revealed, but overall production in 2022 is down by nearly a quarter compared with the same period last year. The figures, released by the Society of Motor Manufacturers and Traders (SMMT), show that 62,284 cars rolled out of factories in May,… Continue reading UK car production up for first time in 11 months
Chinese EV maker Nio denies accusations of inflating profit as stock tumbles
Shares of Nio Inc. plunged on Wednesday after a notorious US short-seller alleged that the Chinese electric-vehicle maker was exaggerating its revenue and profitability by selling to a related company. In a report released late Tuesday, Grizzly Research LLC claimed that the startup used a battery asset management affiliate to help inflate its revenue and… Continue reading Chinese EV maker Nio denies accusations of inflating profit as stock tumbles
Norbert Nusterer leaving Cummins after 25 distinguished years; Cummins names Jenny Bush President, Power Systems business
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) announced a change in the leadership of the company’s Power Systems segment, one of the company’s five business segments. Norbert Nusterer, Vice President and President of Power Systems, has made the decision to leave Cummins after 25 years with the company. Jenny Bush, who is currently Vice President,… Continue reading Norbert Nusterer leaving Cummins after 25 distinguished years; Cummins names Jenny Bush President, Power Systems business
CORRECTING and REPLACING Allison’s eGen Power® 100D Electric Axle Integrated Into Emergency One Fully Electric Fire and Rescue Vehicle
INDIANAPOLIS–(BUSINESS WIRE)–Please replace the release with the following corrected version due to multiple revisions. The updated release reads: ALLISON’S EGEN POWER® 100D ELECTRIC AXLE INTEGRATED INTO EMERGENCY ONE FULLY ELECTRIC FIRE AND RESCUE VEHICLE Emergency One’s EV0™ fire engine, equipped with the Allison eGen Power 100D, was unveiled at Interschutz 2022 in Hanover, Germany Allison… Continue reading CORRECTING and REPLACING Allison’s eGen Power® 100D Electric Axle Integrated Into Emergency One Fully Electric Fire and Rescue Vehicle
Aspen Aerogels, Inc. Announces its Decision Not to Proceed with Concurrent Public Offerings of Common Stock and Green Convertible Senior Notes due 2027
NORTHBOROUGH, Mass., June 29, 2022 /PRNewswire/ — Aspen Aerogels, Inc. (NYSE: ASPN) (“Aspen” or the “Company”), a technology leader in sustainability and electrification solutions, announced today that it has decided not to proceed with the concurrent public offerings of its common stock and its green convertible senior notes due 2027 (the “Notes”) previously announced on… Continue reading Aspen Aerogels, Inc. Announces its Decision Not to Proceed with Concurrent Public Offerings of Common Stock and Green Convertible Senior Notes due 2027
GM subsidiary workers at Michigan plants prepare to strike
General Motors subsidiary employees at four Michigan plants have set a strike deadline for 10 a.m. Thursday if the automaker and the United Auto Workers cannot reach an agreement. If the subsystem employees do walk off the job, the impact on production could be felt within hours, said a union leader who was not authorized to speak… Continue reading GM subsidiary workers at Michigan plants prepare to strike
@GM: Safe Kids Safe Ride Program Introduces New Educational Initiative for Parents in China
Safe Kids Safe Ride Program Introduces New Educational Initiative for Parents in China 2022-06-29 Supporting “Zero Crashes for All Always” Over 150,000 children and their parents in seven cities have already benefited New channels are being opened to call for more participation and have a greater impact SHANGHAI – General Motors and Safe Kids China… Continue reading @GM: Safe Kids Safe Ride Program Introduces New Educational Initiative for Parents in China
Schaeffler presents product innovations for the future of mobility at 12th Schaeffler Kolloquium
2022-06-29 | Herzogenaurach 12th Schaeffler Kolloquium in Bühl brings sustainable mobility to life for over 300 customers Innovative solutions from Schaeffler’s electromobility, chassis systems, and hydrogen technology operations Showcase to be rolled out globally via sister events in the USA, China, and Japan What was once just a minor event for a small group of… Continue reading Schaeffler presents product innovations for the future of mobility at 12th Schaeffler Kolloquium