AESC doubles battery investment for BMW's EVs in South Carolina
The plant is expected to come online in 2027 and supply BMW’s assembly plant in Spartanburg, S.C., where the automaker plans to produce at least six EV models by 2030.
Inside World of Volvo, the automaker's shrine to sustainability
The joint venture between Volvo Cars and Volvo Group will serve as a central marketing opportunity and consumer touchpoint for the brands.
Tesla's Elon Musk faces robotaxi skeptics, sales drop in Q1 earnings report
CEO Elon Musk will face tough questions after a Q1 sales decline and reports Tesla stopped work on an affordable EV in favor of a dedicated robotaxi without human controls.
Tijuana Flats gets new owner, files for Chapter 11 and closes 11 restaurants
Central Florida-based Tijuana Flats announced that it has been acquired by a new ownership group, had filed for Chapter 11 bankruptcy protection and that it had closed 11 restaurants.
The changes, revealed Friday, mark a new chapter for the Winter Park-based Tex-Mex chain which was founded nearly 30 years ago by former UCF student Brian Wheeler. The company had 65 company-owned locations throughout Florida, along with 26 franchised restaurants located in Florida, Alabama, North Carolina, and Tennessee.
The new ownership group is listed as Flatheads, LLC.
Joe Christina, Chief Executive Officer of Tijuana Flats, said, “Our company is excited by the new ownership group’s plan to reinvest, focus, and emphasize the things that originally brought so many people to love Tijuana Flats. We understand the immediate financial actions taken by them to ensure the long-term health of this great and iconic brand.”
Christina became Tijuana Flats’ CEO in October 2022, after previously serving as CEO of Church’s Texas Chicken.
Tesla spends weekend cutting prices of cars and Full Self-Driving software
The company led by Elon Musk slashed the price of the driver assistance software that it calls FSD, or Full Self-Driving, by a third to $8,000 in the U.S. It had been $12,000.