AM General, which previously built the Hummer H2, sold its factory in South Bend, Indiana to the electric carmaker SF Motors, both firms announced Thursday.
SF Motors will pay $110 million to produce "intelligent electric vehicles," according to publicly available filings. It will spend another $30 million to upgrade the 700,000-square-foot commercial assembly plant.
The company didn't elaborate further on its plans for the factory, such as how many cars it will produce annually or what types of smart driving or electric-powertrain technologies they'll use. But executives said the arrangement will preserve about 430 U.S. auto worker jobs that were at risk of disappearing. Read more...More about Science, China, Tesla, Climate Change, and Automobiles'>
It's called the toothpick crossbow.
The tiny toy shoots little sharpened skewers that can apparently pierce through several layers of cardboard, apples, and lightbulbs.
With the toothpick replaced by a metal needle, meanwhile, the devices can even punch holes in soda cans.
Here's one in action.
Lightbulbs don't stand a chance.
What's worse is the crossbow only costs the equivalent of one dollar. So they're not hard to come by. Read more...More about China, Dangerous, Crossbow, Fidget Spinner, and Fidget Toy
Wukong Bike — one of an estimated 30 bike-sharing startups in China — has closed after a mere six months of operations. It had no choice: it lost nearly 90 percent of its bicycles to mischief and theft.
The company had a fleet of 1,200 bicycles in the city of Chongqing.
Like many of its competitors, Wukong offered bikes for rent under the Uber model of "sharing" a bike — grab one off the street, unlock it with an app, and simply leave it by the side of the street at your destination. Read more...More about China, Sharing Economy, Mobike, Ofo, and Bike Sharing'>