Line workers work on the chassis of full-size General Motors pickup trucks at the Flint Assembly plant on June 12, 2019 in Flint, Michigan.DETROIT — General Motors has temporarily halted vehicle production at two U.S. factories that assemble highly profitable large pickups and SUVs due to impacts to suppliers as a result of Hurricane Helene.The automaker canceled shifts Thursday and Friday at a plant in Flint, Michigan, that produces its heavy-duty trucks as well as at Arlington Assembly in Texas, which pro ...

UPPSALA, Sweden, Oct. 4, 2024 /PRNewswire/ -- The members of the Nomination Committee for the Annual General Meeting (AGM), that takes place on May 8, 2025, have been appointed and comprises of the following members:Henrik Kjaer Hansen, (Chairman, appointed by Novo Holdings A/S)Claus Berner Møller, (appointed by The Danish Labour Market Supplementary Pension, ATP)Stefan Hansson, (private investor)James Noble, (Chairman of the Board of Orexo)The Nomination Committee represents approximately 34 percent of the ...

SAN DIEGO, Oct. 3, 2024 /PRNewswire/ -- Illumina, Inc. (NASDAQ: ILMN), a global leader in DNA sequencing and array-based technologies, announced that after 11 years of service, Charles "Chuck" Dadswell will step down as General Counsel and Secretary on October 3. Dadswell has agreed to remain an Illumina employee, serving as an advisor to CEO Jacob Thaysen and the Board of Directors, through March 31, 2025. Scott Davies has been named acting General Counsel and Secretary while the company conducts a search ...

HANGZHOU, China, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) today announced that all resolutions presented to the shareholders at its extraordinary general meeting held on October 1, 2024 (the “Extraordinary General Meeting”) were duly passed. The full text of each resolution was included in the notice of the Extraordinary General Meeting, which was filed with the Securities and Exchange Commission (the “SEC”) on Form 6-K on August 13, 2024 and subsequently ...

RESTON, Va., Oct. 3, 2024 /PRNewswire/ -- General Dynamics (NYSE: GD) will webcast its third-quarter 2024 earnings results conference call on Wednesday, October 23, beginning at 9 a.m. EDT.The live webcast of the conference call will be available at www.gd.com. A replay will be available shortly after the live presentation.  More information about General Dynamics is available at www.gd.com.   SOURCE General DynamicsWANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?440k+Newsrooms &Influencers9k+Digital Me ...

Investors should always keep the cyclicality of Dollar General's industry in mind.Dollar General (DG -3.20%) is facing a scenario that once seemed unlikely: poor performance. Its business model looks like one that could attract consumers in recessionary times and bargain hunters in improved economic conditions.However, the stock has suffered as its core consumers, lower-income customers in rural areas, have less money to spend because of inflation. Consequently, the stock's current price has fallen back to ...

Share Consolidation and Capital Structure Changes - The company approved a share consolidation where every 20 issued and unissued ordinary shares of US$0.001 each will be consolidated into one share of US$0.02 each, reducing the authorized share capital from 500,000,000 shares to 25,000,000 shares [1] - Following the share consolidation, the company increased its authorized share capital from US$500,000 to US$10,000,000 by creating an additional 475,000,000 consolidated ordinary shares [1] - The company adopted a dual-class share structure, re-designating all issued and outstanding consolidated ordinary shares into Class A ordinary shares with one vote per share, and creating 100,000,000 Class B ordinary shares with 20 votes per share [1][2] Reverse Stock Split and Trading Adjustments - The reverse stock split will reduce the number of outstanding Class A ordinary shares from 410,883,973 to 20,544,198 shares [3] - The reverse stock split is aimed at meeting the minimum $1.00 per share requirement for maintaining the company's listing on NASDAQ [4] - The number of Class A ordinary shares issuable upon exercise of each outstanding public warrant will be decreased in proportion to the reverse stock split, and the exercise price of the warrants will be adjusted accordingly [5] Corporate Governance and Documentation - The company amended its memorandum and articles of association to allow for the automatic retirement of directors at the next annual general meeting or upon specified events, unless otherwise agreed in writing [1] - The board will file the requisite corporate documents with the Cayman Islands Companies Register to effect the adopted proposals [3] - The company's Class A ordinary shares will begin trading on a split-adjusted basis on the Nasdaq Capital Markets with a new CUSIP number starting October 9, 2024 [3] Company Overview - MicroCloud Hologram Inc provides holographic technology services, including high-precision holographic LiDAR solutions, holographic imaging solutions, and holographic digital twin technology services [7] - The company has developed a proprietary holographic digital twin technology resource library, utilizing holographic digital twin software, digital content, spatial data-driven data science, and holographic 3D capture technology [7]

General Motors Company (GM) reported a 2.2% drop in U.S. sales for the third quarter of 2024 due to lower sales of Chevrolet pickups, particularly to fleet customers, compared with the strong quarter from the previous year. Despite this, GM remains the top U.S. automaker. It sold 659,601 vehicles in the quarter, down from 674,336 in the corresponding quarter of 2023. Per David Caldwell, GM’s spokesperson, fleet sales, which typically make up 20% of GM’s total sales, fell about 18% year over year.Toyota Moto ...

BUCHANAN, Va., Oct. 1, 2024 /PRNewswire/ -- Buchanan-based Bank of Botetourt (OTCPK: BORT and BORTP) Bank of Botetourt, one of Virginia's six oldest banks, commemorated its 125th anniversary at The Hotel Roanoke and Conference Center in Roanoke, Virginia. This milestone celebrated a rich history of service, innovation, and commitment to the communities it serves. Established in 1899 as Bank of Buchanan, the institution has grown to become the largest community bank headquartered in the Roanoke Metropolitan ...

General Motors’ (GM) autonomous vehicle division, Cruise, is set to pay a $1.5 million fine after failing to fully report a crash involving a pedestrian, per the National Highway Traffic Safety Administration (NHTSA). The incident, which occurred in October 2023 in San Francisco, involved a robotaxi that dragged a pedestrian for 20 feet after she got hit by another vehicle. It led Cruise to halt its driverless operations nationwide after California regulators deemed its vehicles a public safety risk. As a r ...