companies

Byton and Karma Automotive among companies that received COVID-related PPP loans

EV firms Byton, Karma Automotive and Nio all received between $5 and $10 million in aid after joining the US PPP program.

In an attempt to save small businesses from falling victim to the economical side effects of the coronavirus recession, an economic downturn predicted to be the worst since the Great Depression of the 1930s, the US Small Business Association launched the Paycheck Protection Program which accepted applications until July 6. 

Also on July 6, the US Treasury released a list of companies which benefited from the program by receiving loans of $150,000 or more; the EV start-ups Byton, Nio, and Karma Automotive all got between $5 million and $10 million to keep their head above water.

Unfortunately for these companies, even millions of dollars couldn’t keep them in the clear. Last week, Byton announced that operations will be suspended for at least six months due to the outbreak;

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Companies & IoT For Automotive

Car & AutomotiveExplore close by auto repair centers, read evaluations and schedule an appointment. The type of electrical motor in a hybrid or electric automobile used to power the drive wheels: permanent magnet motor or other traction motor. A tool that communicates with international positioning satellites to determine a vehicles bodily location and plot a course using saved map information. The number of people that can be safely seated and restrained in a automobile, together with the driving force.

We’re the award-winning consultants at Southwest Missouri’s premier auto repair shop. Rick’s Automotive technicians and mechanics have more than 500 years of experience amongst us. We’re all ASE licensed , even the service advisors, and most of our auto technicians are “Master Licensed,” including Rick himself. Six hold the celebrated L-1 certification for advanced automotive diagnostics. And, most importantly, all are competently skilled to make the most of the state-of-the-artwork gear featured in … Read More

Companies & IoT For Automotive

Car & AutomotiveWe did not simply repair Maddie’s automobile. DARCARS Automotive Group is a family of dealerships serving drivers throughout Maryland, Virginia, Washington D.C., Florida, and past. Make sure your prospects drive off in a properly repaired automobile, every time. Any collection of mechanical connections between a autos working control(s) and its transmission. An instrument that tells the driving force how briskly the engine is rotating, commonly together with a redline to point the utmost engine pace.

Since 1980, Rick’s Automotive has been the best place to have your car repaired in Springfield, MO. In addition to our auto repair store, we’ve got an in depth tire shop the place we sell quite a lot of new tires from the very best brands in the trade, including Michelin Tires. New tires help improve your traction on wet or icy roads and help improve your gasoline mileage. We additionally supply a preventative maintenance … Read More

Companies & IoT For Automotive

Car & AutomotiveWant a solution related to collision restore or coaching program growth? A tool that mechanically disconnects a vehicles battery after a collision. Deliver your vehicle to Juke Automotive, and develop into a part of our auto repair household. By helping one another immediately, we will create a better tomorrow… for ourselves, our kids, and yes, our automobiles. A wireless device that uses infrared or radio frequency to manage a autos video system.

This immersive VR setup lets engineers work just about with life like versions of latest fashions, enabling quicker decision-making. The digital Holodeck Management Center facilitates options and communication for international groups. The transmission works with the engine to offer power to you automobile’s wheels. Whether or not computerized or handbook, the transmission performs a significant position within the total efficiency of your automobile. Make sure that to test it on the first sign of problems.

Avery, Derri, … Read More