Federal food safety regulators said Tuesday that they have warned a top U.S. bakery to stop using labels that say its products contain potentially dangerous allergens when they don’t. U.S. Food and Drug Administration inspectors found that Bimbo Bakeries USA — which includes brands such as Sara Lee, Oroweat, Thomas’, Entenmann’s and Ball Park buns […]
SAN FRANCISCO (Reuters) -German automaker Volkswagen Group will invest up to $5 billion in U.S. electric-vehicle maker Rivian as part of a new, equally controlled joint venture to share EV architecture and software, the companies said on Tuesday. Shares of Rivian surged 30% in extended Nasdaq trade after the announcement, boosting the company’s stock market […]
China’s top flash memory chip maker Yangtze Memory Technologies Corp (YMTC) has filed a lawsuit against a Danish consulting firm and its senior executive – the publisher of China Tech Threat – for libel as Western narratives about potential national security threats from Chinese tech companies proliferate. Wuhan-Based YMTC sued Copenhagen-based Strand Consult and its […]
By Abhirup Roy NORMAL, Illinois (Reuters) -Electric-vehicle maker Rivian’s drive to cut costs and turn its first profit has removed over 100 steps from the battery-making process, 52 pieces of equipment from the body shop and over 500 parts from the design of its flagship SUVs and pickups. The result of Rivian retooling its manufacturing […]
By Abhirup Roy NORMAL, Illinois (Reuters) -Electric-vehicle maker Rivian’s drive to cut costs and turn its first profit has removed over 100 steps from the battery-making process, 52 pieces of equipment from the body shop and over 500 parts from the design of its flagship SUVs and pickups. The result of Rivian retooling its manufacturing […]
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Morning people who wake up chipper are true wonders. (Or if you’re not one of ’em — truly annoying wonders.) While they’re skipping around the house, the rest of us are screaming at our families and making a beeline for the coffee maker. We want our morning joe, and we want it as quickly as […]
We probably don’t need to tell you this, but it’s hot out there. We’re talking fry-an-egg-on-the-sidewalk, break-a-sweat-getting-the-mail hot. But the sweltering weather shouldn’t torpedo your summer fun, whether that means backyard barbecues or long days beside the pool. Know what goes well with both those activities, especially during a heat wave? An icy beverage. If […]
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Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology. Fisker Group Inc. said in a filing with the U.S. Bankruptcy Court in Delaware that its estimated assets […]
Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond the early adapters of the technology. Fisker Group Inc. said in a filing with the U.S. Bankruptcy Court in Delaware that its estimated assets […]
(Bloomberg) — Fisker Inc. filed for bankruptcy on Monday, months after the electric-vehicle startup stopped production of its only model, the oft-malfunctioning Ocean SUV. Most Read from Bloomberg The company listed between $500 million and $1 billion of assets, and between $100 million and $500 million of liabilities, in its petition filed in Delaware. The […]