Jeff Bezos filed an announcement with federal regulators indicating his sale of almost 12 million shares of Amazon inventory value greater than $2 billion.
The Amazon govt chairman notified the U.S. Securities and Exchange Commission of the sale of 11,997,698 shares of frequent inventory on Feb. 7 and Feb. 8.
The collective worth of the shares of Amazon, which relies in Seattle the place he based the corporate in a storage about three many years in the past, was greater than $2.04 billion, in keeping with the listed worth totals.
The shares had been grouped in 5 blocks between 1 million and greater than 3.2 million.
In a separate SEC submitting, Bezos listed the proposed sale of fifty million Amazon shares round Feb. 7 with an estimated market worth of $8.4 billion.
GM hires battery professional
General Motors Co. has employed Kurt Kelty, a battery professional and former Tesla Inc. govt, as vp of batteries, the automaker mentioned.
In the newly created function, Kelty will report back to GM President Mark Reuss.
Kelty is charged with creating a brand new end-to-end battery know-how technique, which is able to embody the sourcing of uncooked supplies, funding in new battery applied sciences and end-of-use alternatives.
His crew is accountable for bringing collectively GM’s battery improvement sources to rapidly ship worthwhile, lower-cost, higher-performing EVs to prospects at scale.
“The foundation that GM has established coupled with Kurt’s exceptional battery expertise in leading battery chemistry development, establishing partnerships, building out supply chains and partnering closely with teams that have developed leading battery systems will help us achieve our electrification goals and position GM as a leader in EV technology,” Reuss mentioned in an announcement late final week.
Source: www.bostonherald.com”