Saturday, January 11

Tag: Bankruptcy

Mar252024 by adminNo Comments
GM Related Lordstown Motors Completes Bankruptcy Deal

GM Related Lordstown Motors Completes Bankruptcy Deal

Science and Nature
Home" Energy" GM Related Lordstown Motors Completes Bankruptcy Deal Lordstown Motors has actually finished a personal bankruptcy offer. GM invested $75 million in the EV start-up Lordstown Motors in 2019, and after that offered in late 2021. GM invested as part of the sale of an Ohio plant to the electrical lorry start-up along with a $675 million SPAC offer that took Lordstown public. Lordstown Motor declared more than 100,000 nonbinding pre-orders for the automobile from industrial fleet clients. The SEC stated, the majority of the pre-orders were phony. GM has had a long list of significant failures with its efforts to buy EV associated business or make electrical vehicles. GM remembered 140,000 Chevrolet Bolt EV lorries made in between 2017 and 2023 and 2022 Bolt EUV designs due ...
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Dec272023 by adminNo Comments
Adobe quits on Figma, Apple Watch sales stopped and hackers gain access to countless accounts

Adobe quits on Figma, Apple Watch sales stopped and hackers gain access to countless accounts

Technology
Hey, folks, welcome to Week in Review (WiR), TechCrunch's routine newsletter that summarizes the leading tech-- and tech-related-- stories over the previous a number of days. With the vacation around the corner, this press reporter anticipated a quieter week. The opposite taken place-- there's been no scarcity of stories to compose about. In this edition of WiR, we cover Comcast and Mr. Cooper client information being taken, electrical scooter business Bird declare personal bankruptcy, Adobe ending its Figma acquisition strategies, and Apple being required by the International Trade Commission (ITC) to stop sales of the Apple Watch. We likewise highlight Nikola creator Trevor Milton's securities scams sentencing, Microsoft's Copilot chatbot getting a music generation function and Consumer ...
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