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Business News

Lincoln electric SUV to use Ford-backed startup’s ‘skateboard’ chassis: sources

A battery-powered Lincoln SUV, due in mid-2022, will be the first Ford Motor Co vehicle built on a custom electrified chassis that resembles a skateboard, which was developed by Ford-backed startup Rivian, according to several people familiar with the program.

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Trading Ideas

UPDATE 1-Ex-CEO, COO of biotech firm MiMedx charged with securities fraud

Two former executives of biotech company MiMedx Group Inc were criminally charged on Tuesday with fraudulently inflating the company’s revenue. Former MiMedx Chief Executive Parker Petit and former Chief Operating Officer William Taylor were charged with securities fraud and conspiracy in an indictment in Manhattan federal court. “Pete Petit adamantly denies the charges leveled against him today, and he will vigorously defend himself in court,” Petit’ s lawyer, Eric Bruce, said in a statement. …read more […]