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What GM's $500 million Lyft investment means for the future of cars

2016-01-06 04:12:09| Automakers - Topix.net

General Motors $500 million investment in the ride-hailing service Lyft will provide cars for drivers and more options for consumers, the automaker says. General Motors logo at the company's world headquarters in Detroit.

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4G LTE to Power Ford SYNC Connect in More Than 10 Million Vehicles in North America by 2020

2016-01-05 22:34:00| Telecom - Topix.net

Ford and AT&T are bringing high-speed connectivity and an even better owner experience to customers this year - with plans to connect more than 10 million customers to Ford SYNCA Connect within the next five years. SYNC Connect, Ford's new high-speed connectivity technology, adds levels of convenience to SYNC, the industry-leading in-car entertainment and communications system.

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CP Rail's 2015 Holiday Train raises more than $1.4 million for food banks

2016-01-05 15:58:32| Railroads - Topix.net

CALGARY - The 17th year of the Canadian Pacific Holiday Train program saw tremendous crowds, generous donations and big smiles as it etched its way across Canada and the northern U.S. With results continuing to roll in, the 2015 edition of the Holiday Train is on track to raise more than $1.4 million and more than 300,000 pounds of food for food banks and food shelves. Since its start in 1999, the CP Holiday Train has now helped to raise more than C$12 million and 3.9 million pounds of food for local food banks.

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Why GM gave Lyft $500 million: Sell cars, co-develop self-driving cars

2016-01-05 15:44:46| Extremetech

GM's $500M investment raises Lyft's value to $5.5 billion, one-tenth of Uber's market cap. Potentially, Lyft users might order a self-driving car delivered.

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AETI Announces New $8.5 Million Credit Facility

2016-01-05 14:47:26| Industrial Machines - Topix.net

American Electric Technologies Inc. , a leading provider of power delivery solutions for the global energy industry, announced today the Company has entered into a new $8.5 million credit facility with Frost Bank of Texas. The new Credit Facility consists of a $4.0 million revolving line of credit with a two-year term and a $4.5 million declining revolving line of credit.

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