Apr 28, 2022 | Business, Detroit
Ford was profitable before accounting for its Rivian shares losing more than half their value during the quarter. Ford Motor posted a first-quarter net loss of $3.1 billion attributable to a drop in the value of its Rivian stake but affirmed guidance...
Apr 28, 2022 | Business, Detroit
M1 Concourse CEO Tim McGrane announced today that Comerica Bank will be a new Presenting Partner for its two signature events, Woodward Dream Show and American Speed Festival, and he detailed new events and enhanced features at M1 Concourse for the 2022 season....
Mar 10, 2022 | Business, Cyber Security
Everyone has either had it happen to them or known someone it has happened to. A miss-click, visited the wrong website, or bad judgment in opening an attachment thought to be from their boss, and now their computer has malware. It is never a fun time when this...
Mar 3, 2022 | Business, Detroit, Mobility
Tier Mobility, the Berlin-based micromobility operator that has been steadily taking over Europe, is making a sweeping entry into North America by acquiring Spin from automaker Ford. Tier will acquire all of Spin’s 50,000 e-scooters and e-bikes, bringing the...
Feb 24, 2022 | Business, Detroit, Electric Vehicles, Featured
Ford Motor has no plans at this time to spin off its electric vehicle or gasoline-powered vehicle businesses, CEO Jim Farley said Wednesday. His comments come less than a week after Bloomberg News reported Farley wanted to separate Ford’s electric...
Feb 10, 2022 | Business, Mobility
GoTo Global, an Israeli mobility company that offers shared micromobility and car-sharing services in Spain, Israel, Malta and Germany, is going public on the Tel Aviv Stock Exchange (TASE) through a merger with shell company Nera Tech Media. The merger is expected to...
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