- Arcimoto Inc (NASDAQ:FUV) has appointed Jesse Fittipaldi as the interim Chief Executive Officer.
- Fittipaldi was the Vice President of the company from 2017 – 2020 and has been serving as Chief Strategy Officer since 2020.
- Founder Mark Frohnmayer has been named Chief Vision Officer to oversee technology development programs for the future of sustainable mobility.
- Arcimoto designs and manufactures electric vehicles for everyday mobility.
- Price Action: FUV shares are trading lower by 0.64% at $3.21 on the last check Friday.
FDIC Reportedly Holds Auction For Silicon Valley Bank With Final Bids Due By Sunday
The Federal Deposit Insurance Corp. reportedly began an auction for Silicon Valley Bank late on Saturday night, with the final bids required by Sunday afternoon.
