Faraday Future Issues Statement Confirming No Exposure to Silicon Valley Bank Shutdown
LOS ANGELES–(BUSINESS WIRE)–Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) (“Faraday Future”, “FF” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, is aware of the current news and reports surrounding Silicon Valley Bank’s liquidity concerns. The Company does not have any cash or cash equivalents on deposit at Silicon Valley Bank and does […]
Holley to Attend Bank of America 2023 Consumer & Retail Conference
BOWLING GREEN, Ky.–(BUSINESS WIRE)–Holley Inc. (NYSE: HLLY), the leading platform serving performance automotive enthusiasts, today announced that senior management will participate in the Bank of America 2023 Consumer & Retail Conference on Tuesday, March 14, 2023. Management will be participating in a fireside chat from 9:40 AM ET to 10:20 AM ET, hosted by Bank […]
Yamaha Motor Establishes Second Fund for Corporate Venturing
– Exploring technologies and opportunities aimed at new business domain expansion and securing competitive advantages – IWATA, Japan–(BUSINESS WIRE)–Yamaha Motor Co., Ltd. (TOKYO: 7272) announced today the establishment of the U.S.-based Yamaha Motor Exploratory Fund, L.P. II, a company-financed 10-year fund with a total investment purse of US$100 million for exploring technologies and opportunities aimed […]
Enrolment Inefficiency: SAAQ sees glitches and significant delays following digital transformation
Quebec City, Quebec — The Société de l’assurance automobile du Québec (SAAQ) has been in the grips of a crisis following the provincial insurance board’s digital transition on Feb. 20, 2023. SAAQClic was supposed to move most transactions online, like renewing licenses or paying for driving exams. The transition has not been as smooth as […]
Tuesday Ticker: Volkswagen to build St. Thomas, Ont. battery plant; Rivian and Amazon reconsider deal
Toronto, Ontario — In this weekly Tuesday Ticker, we’re covering Volkswagen’s announcement for a Canadian-bound battery plant, plus Rivian’s rumoured reconsideration regarding exclusivity agreements with retail giant Amazon. Setting up in St. Thomas Volkswagen has chosen St. Thomas, Ont. as the site of its first-ever North American battery cell manufacturing plant. The company and its […]
Robot Overlords: General Motors considers incorporating ChatGPT into future vehicles
Toronto, Ontario — Following its push to develop cars that can tow themselves away, General Motors (GM) continues its mission to make smarter vehicles by considering installing the ChatGPT artificial intelligence (AI) into certain future vehicles. According to an article first published by tech news website, Pocket Lint, GM is currently developing an AI assistant […]
Room to Grow: Wages for new body techs in 2020 remained stable despite national declines, StatsCan says
Toronto, Ontario — The positions once occupied by Canada’s retiring skilled trades workforce are proving difficult to fill, and according to some newly released data from the federal government, no two regions compensate their tradespeople quite the same. Median wages for newly certified journeypersons are down 5.2 percent nationwide from 2019 to 2020, with motor […]
