Faraday Future and Property Solutions Acquisition Corp. Announce Closing of Business Combination; Faraday Future to Trade on NASDAQ Under Ticker “FFIE” Beginning on July 22, 2021

LOS ANGELES–(BUSINESS WIRE)–Faraday Future (“FF”), a California-based global shared intelligent mobility ecosystem company, announced that it has completed its previously announced merger with Property Solutions Acquisition Corp. (“PSAC”), a special purpose acquisition company. The transaction, which was approved by PSAC’s stockholders in a special meeting held on July 20, 2021, resulted in the combined company […]

Fisker Announces Global Brand Experience Center Roll Out Strategy

Multiple locations in the U.S. and Europe confirmed for 2022, with inaugural center opening in Los Angeles in the first half of next year. Experience centers will offer a range of consumer product shopping experiences. Fisker Ocean will debut at Los Angeles Auto Show in Nov. 2021. LOS ANGELES–(BUSINESS WIRE)–#EVs—Fisker Inc. (NYSE: FSR) (“Fisker”) – […]

Olive.com, the Unrivaled Leader in Payment Services and Online Vehicle Protection Plans, to Go Public in Business Combination with MDH Acquisition Corp.

Strong and profitable company takes logical next step to accelerate growth into $260 billion market Unrivaled Market Leader. PayLink Direct, an industry leading payment services provider that currently has the largest market share, and Olive.com, a leading digital vehicle protection plan platform, will become public as Olive Ventures Holdings, Inc. The company will be known […]

GM Financial to Release Second Quarter 2021 Operating Results

FORT WORTH, Texas–(BUSINESS WIRE)–GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”) will release its second quarter 2021 operating results on Wednesday, August 4, 2021. Management will record remarks addressing the results. This recording, along with the presentation slides and press release, will be posted to the Company’s website. Materials can be accessed via […]

Under New Ownership, Castle Rock Autoplex Donates $50,000 To Douglas County High School Football Program

CASTLE ROCK, Colo.–(BUSINESS WIRE)–#FoundationAuto—Castle Rock Autoplex and Douglas County High School are pleased to announce a partnership. Castle Rock Autoplex donated $50,000 as the National Champion sponsor for the Douglas County High School Football program, where the funds raised will be used to renovate the school’s weight room. Castle Rock Autoplex, formerly known as Medved, […]

Wells Fargo Names Tanya Sanders to Lead Auto Business

Laura Schupbach to retire after 26 years with the company SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) announced today that Tanya Sanders will be the new head of Wells Fargo Auto. She brings over two decades of financial services experience to the role and succeeds Laura Schupbach, who recently announced her decision to retire […]

ADDING and REPLACING Argo AI and Ford to Launch Self-Driving Vehicles on Lyft Network by End of 2021

Initial Deployments in Miami followed by Austin, Texas, to Lay Groundwork for Future Scale SAN FRANCISCO–(BUSINESS WIRE)–Add after second paragraph in About Lyft section: This announcement contains forward-looking statements about Lyft, including statements about its autonomous vehicle strategy. Factors that could cause actual results to differ materially from those addressed in the forward-looking statements are […]

Single-Engine Denali Aircraft Joins the Legendary Beechcraft Turboprop Family as Program Progresses Toward First Flight

WICHITA, Kan.–(BUSINESS WIRE)–Textron Aviation today announced it is realigning its turboprop aircraft lineup as the single-engine Beechcraft Denali (previously branded the Cessna Denali) joins the legendary twin-engine Beechcraft King Air 260 and King Air 360/360ER as part of the company’s high-performance turboprop product lineup. The aircraft development program continues to progress toward a first flight […]

Motus Research Anticipates All-Time High for New Vehicle Prices

Soaring Costs Attributed to Sustained Demand, Limited Buying Options and Reduced Dealer Incentives BOSTON–(BUSINESS WIRE)–#carbuying—Motus, the definitive leader in anywhere workforce solutions, today released its new report, 2021 Vehicle Trends: A Seller’s Market. The report explores how the disparity between supply and demand forced a pricing bubble, amplifying residual values and costs, and what that […]