General Motors is taking a significant step in its commercial electric vehicle strategy by integrating BrightDrop vans under the Chevrolet brand. This strategic move aims to enhance sales, accessibility, and recognition of these all-electric commercial vehicles. By transitioning BrightDrop vans into the Chevrolet lineup, GM plans to leverage the strength and reputation of the Chevrolet
Business
The toy industry faced a significant setback in the first half of 2024 due to inflation, leading to a sales slump. However, amidst this challenging environment, Lego managed to stand out by recording a 13% increase in revenue, amounting to 31 billion Danish krone or approximately $4.65 billion. The CEO of Lego, Niels Christiansen, attributed
Dallas Mavericks and New Orleans Pelicans fans are eagerly anticipating the upcoming NBA season, not only for the games themselves but also for a new way to watch local games. Both teams are parting ways with their regional sports networks owned by Diamond Sports, according to a recent bankruptcy court filing. The NBA season is
Edgar Bronfman Jr. has made an offer for a controlling stake in Paramount Global that could potentially keep Shari Redstone closely linked to the company. If Bronfman’s bid is successful, he is open to allowing Redstone, who currently serves as the non-executive chairman at Paramount, to remain involved with the company. This move comes as
Cava recently announced an increase in its full-year outlook after reporting strong traffic in its restaurants, which contributed to better-than-expected quarterly earnings and revenue. This positive news caused shares of the company to rise by 7% in extended trading. The stock has seen significant growth this year, with its value more than doubling and Cava’s
Boeing’s Starliner capsule, which recently delivered NASA astronauts to the International Space Station, will be returning to Earth empty. This decision has taken many by surprise as NASA had previously seen the capsule as the primary choice for bringing the crew back. However, due to issues with its propulsion system, Starliner’s crew flight test faced
In a move to combat the increasing spread of Covid-19 in the United States, the Biden administration has announced that it will resume offering free at-home tests to American households starting in late September. This initiative comes as the virus continues to gain momentum across the country, particularly during the summer months. Americans will have
The future of Paramount Global is currently in a state of flux, as the special committee overseeing the company’s merger agreement faces competing bids from different parties. Edgar Bronfman Jr. initially offered $4.3 billion for National Amusements, the controlling shareholder of Paramount, in competition with Skydance Media’s previous merger agreement. However, Bronfman raised additional funds
Ford Motor recently announced a significant shift in its production plans, delaying the manufacturing of a next-generation all-electric pickup truck and canceling a three-row electric SUV. Instead, the company has decided to prioritize the development of hybrid models and electric commercial vehicles. This move signifies Ford’s commitment to delivering a capital-efficient and profitable electric vehicle
Alaska Airlines has announced that its plan to acquire Hawaiian Airlines has successfully cleared the U.S. Justice Department after the antitrust investigation period ended without any legal action taken to block the deal. This comes eight months after the initial $1.9 billion agreement was announced by the two airlines for their merger. The next step