Lawyers for the company — now run by restructuring consultants — alleged that Patrick James borrowed funds on fraudulent terms, only then to “routinely and regularly” divert cash for himself.
November 4, 2025Search
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WeRide Poised to Raise $308 Million in Hong Kong Listing
WeRide is set to raise HK$2.39 billion ($308 million) from its Hong Kong share sale, according to people familiar with the matter.
November 4, 2025China Seeks to Buy US Wheat for First Time in a Year
Wheat futures in Chicago jumped as China seeks its first U.S. shipments of the grain in more than a year, following orders for soybeans last week as part of a trade truce between the two nations.
November 3, 2025Electric Plane Maker Beta Raises $1 Billion in IPO
Investors are warming to Beta Technologies' initial public offering as the electric aircraft developer and its peers look to distance themselves from unhappy associations with the 2021 blank-check company boom and bust.
November 3, 2025UPS Buys Andlauer for $1.6B, Expanding Health Care Footprint
The acquisition strengthens UPS’ position in health care logistics, where major carriers are racing to build infrastructure for time- and temperature-sensitive shipments.
November 3, 2025Fullbay’s Heavy Equipment Preventative Maintenance Checklist
A maintenance checklist can help ensure you hit everything necessary during an inspection. While we usually go for electronic checklists, we know some techs are still fans of the printed versions. Check out this downloadable maintenance checklist and give it a whirl!
August 1, 2024Turning Preventative Maintenance Into Competitive Advantage
Think maintenance costs can’t be predicted? Think again. This whitepaper reveals a Ceramex case study where one over-the-road fleet turned unpredictable service intervals into consistent, data-backed performance—and proved that control over cost is possible. Predictability starts here.
October 1, 2024Tesla Owner Complaints Rise in US Door-Handle Defect Probe
NHTSA opened the defect investigation Sept. 15, citing nine complaints submitted as far back as July 2023. Several parents said they were unable to open the Tesla doors to retrieve a child.
November 3, 2025Robotaxi Firm Pony AI Raises $863M in Hong Kong Listing
The robotaxi firm’s listing has attracted Uber Technologies, which was in talks to invest about $100 million in the share sale, Bloomberg reported. Pony AI went public in the U.S. last year.
November 3, 2025Cardboard Box Sales Slump, Stoking Lackluster Holiday Fears
U.S. corrugated box shipments fell to the lowest Q3 reading since 2015, maintaining the more measured pace seen in the previous quarter, according to data from the Fibre Box Association.
November 3, 2025