Fisker failed due to several factors, including the high production costs of its luxury electric vehicles and the bankruptcy of its battery supplier, A123 Systems. Additionally, the company faced stiff competition from other electric car manufacturers like Tesla. Despite receiving a $529 million loan from the US Department of Energy, Fisker was unable to overcome these challenges and ultimately declared bankruptcy in 2013.
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The Republican-led Federal Trade Commission (FTC) is set to approve Omnicom's $13.5 billion merger with Interpublic Group, contingent upon a ban on steering ad spending based on political viewpoints. This unusual provision addresses concerns raised by Congress and Elon Musk regarding past advertiser boycotts against platforms like X, ensuring advertisers can still request avoidances without Omnicom enforcing political bias. Need More Context? 🔎
Read moreTesla has launched its robotaxi service in Austin, Texas, featuring 10 vehicles with a human safety driver amid scrutiny of its self-driving technology. While shares have risen 50% since April, the initial launch was low-key, limited to select social media influencers, as the company seeks to revitalize sales amid challenges and backlash against Elon Musk's activism. Need More Context? 🔎
Read moreJLab has launched its new Party line of wireless speakers, featuring customizable RGB lighting and four models ranging from the budget-friendly $19.99 Pop Party to the high-end $149.99 Epic Party. The lineup emphasizes portability, sound quality, and synchronized sound and lighting effects through "LabSync technology," allowing up to 100 speakers to connect simultaneously. Need More Context? 🔎
Read moreDeath Stranding 2 follows Sam, a delivery man in a post-apocalyptic world, as he connects Mexico and Australia while uncovering the mysteries of the death stranding. The sequel improves on gameplay variety and introduces new characters like Dollman and Rainy, while maintaining its unique, surreal narrative style. Need More Context? 🔎
Read moreThe all-electric VW ID Buzz has been upgraded to an autonomous driving version, the ID Buzz AD, designed for commercial fleets with Level 4 autonomy. Equipped with advanced sensors, it aims to provide sustainable public transit solutions, starting with Hamburg and expanding to rideshare services with Uber in Los Angeles by 2026, while facing high initial costs for transport companies. Need More Context? 🔎
Read moreUnited Launch Alliance (ULA) has initiated the countdown for the deployment of Amazon's second batch of Project Kuiper internet satellites, as showcased in a time-lapse video of the Atlas V rocket's movement to the launchpad at Cape Canaveral, Florida. ULA chief Tory Bruno highlighted the significance of this launch in advancing satellite internet connectivity. Need More Context? 🔎
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