Update on ElectraMeccanica Litigation Dispute With Tevva

MESA, Ariz.–(BUSINESS WIRE)–ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica”), a designer and assembler of electric vehicles, today announced that the United States District Court for the District of Arizona issued an order on November 7, 2023 dismissing the previously filed complaint by Tevva Motors Limited (“Tevva”) against ElectraMeccanica, 1432952 B.C. Ltd. (“Holdco”), 1432957 B.C. Ltd. (“Parentco”) […]

indie Semiconductor Exceeds Q3 2023 Growth Expectations

Delivers Q3 Revenue of $60.5M, up 101% YoY and 16% Sequentially Expands Non-GAAP Gross Margin 226 Basis Points YoY to 52.7% Guides Q4 2023 Revenue to $70M-$75M and non-GAAP EBITDA Breakeven Reiterates Plan to More than Double Revenue in 2023 Raises Strategic Backlog to $6.3B, up from $4.3B last year and $2.6B in 2021 ALISO […]

Ouster Exceeds Q3 2023 Revenue Guidance; Achieves Over $120 Million in Annualized Cost Savings; Sets Financial Framework to Help Reach Profitability

Over $22 million in revenue and bookings of $38 million in the third quarter 2023 Achieved over $120 million in annualized cost savings, one quarter ahead of schedule Announced targets for revenue growth, expanding gross margins, and additional cost management SAN FRANCISCO–(BUSINESS WIRE)– Third Quarter 2023 Highlights Over $22 million in revenue, up 15% quarter […]

SoundHound AI Reports Record Third Quarter, Revenue Increases to $13.3 Million, Adjusted EBITDA Improves 57% Year Over Year

SANTA CLARA, Calif.–(BUSINESS WIRE)–SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today reported its financial results for the third quarter of 2023. The financial data presented in this press release should be considered preliminary until the company files its 10-Q. “Our third quarter was another milestone for revenue, and at the […]

Moving Forwards: MPI faces massive backlog following two month strike

Winnipeg, Manitoba — Manitoba Public Insurance (MPI) is facing a massive backlog of claims, road tests and other appointments as its employees return to work following a two-month strike.  While the strike may have ended last week, MPI employees have some catching up to do reports Carmen Nedohin, who recently assumed the role of MPI’s […]

EV/AV Report: EV’s come packaged; while self-driving cars see in the dark

Toronto, Ontario — In this weekly electric and autonomous vehicle report, Luvly describes how its EV models come flat-pack delivered; and BMW announces that legal self-driving will arrive in 7 Series vehicles in 2024. DIY driving An early-stage Swedish automotive company called Luvly reveals its Ikea-esque approach to automotive production through the development of the […]

In Case You Missed It: Our complete collection from the 2023 SEMA Show

Las Vegas, Nevada — Can you believe the SEMA Show was just a week ago?! It feels like a distant memory… Collision Repair magazine would like to thank our industry friends and partners who stopped by our booth last week at the SEMA Show. The conversations, ideas and laughs showed us just how tight-knit our […]

Welcomes of the Week: ProColor Collision opens newest location in Calgary

Calgary, Alberta — On November 8, Fix Network Canada welcomed ProColor Collision Calgary 32nd Ave NE, a family owned and operated collision repair facility to its network of ProColor Collision facilities around the country.  Beginning in a 3,600 square-foot shop eight years ago, the business has now expanded to a state-of-the-art facility spanning 15,000 square […]