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Qualcomm CFO Focuses on Investing in Budding Automotive Business
Qualcomm Inc.’s finance chief Akash Palkhiwala is weighing how a lot to allocate toward the company’s escalating automotive-chip business as shopper demand from customers for smartphones–a important generator of income for the technology firm–continues to slow. The San Diego-based mostly company–best recognized for its cellular-phone chips–in current quarters has pushed to diversify its business by providing chips for vehicles and web-related equipment. The technique, which was set in location by Main Executive Cristiano Amon final November, preceded the decrease in demand from customers for smartphones in modern months as consumers go on to grapple with superior inflation and financial uncertainty. Qualcomm in July slice its forecast for smartphone shipments for…
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FTC sending $415K to Tate’s Auto Group dealership customers
Much more than $415,000 well worth of refunds are on their way to 3,508 former buyers of the now-shuttered Tate’s Vehicle Group, the Federal Trade Commission introduced Sept. 15. The cash will compensate buyers who financed a car at a Tate’s Vehicle dealership and experienced the car or truck repossessed, in accordance to the FTC. The agency in 2018 alleged the four-locale Arizona and New Mexico group falsified purchaser cash flow and down payments on credit history apps — environment buyers up with loans they could not afford. Quite a few of the dealership’s buyers had been citizens of the Navajo Nation, according to the FTC. The payouts occur about…
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Mullen Automotive’s ‘Strikingly Different’ Tour Kicks Off
BREA, Calif., Sept. 26, 2022 (Globe NEWSWIRE) — by means of InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electrical vehicle (“EV”) company, announces now the kickoff dates of its “Strikingly Different” Tour for the Mullen 5 EV Crossover. Mullen is very pleased to get started the “Strikingly Different” Tour with the first quit in California on Oct 27 and 28 at the Rose Bowl in Pasadena, California. From there, the U.S. tour will carry on to Las Vegas, Nevada, on Nov. 10 and 11 at the entire world-famous Las Vegas Motor Speedway. More particulars include: Los Angeles, CARose Bowl | Pasadena, CATackle: 1001 Rose…