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Is a Tesla Dealership Opening Up in Grand Rapids?


Is a Tesla Dealership Opening Up in Grand Rapids?
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MLive reports that a Tesla Service Center is coming to 2919 29th St. SE, which is the former site of the Prestige Imports dealership.
Until recently, due to a 2014 law, Tesla was unable to sell cars directly to customers in the state of Michigan. So Michiganders had to travel to other states to buy Teslas and to have them serviced.
According to MLive, the electric automaker reached an agreement with Attorney General Dana Nessel in January, which now allows Tesla to service, sell and deliver vehicles in Michigan using a subsidiary. However, the vehicles have to be titled in another state and then transferred to Michigan. ....

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Allied Motion Technologies :  Allied Motion Reports Fourth Quarter and Full Year 2020 Results


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Achieved record orders of $108.5 million and record backlog of $141.3 million at year-end
Continued strong cash generation despite challenging macro environment:
Quarter: Cash flow from operations of $9.8 million and $7.0 million of free cash flow
Full year: Cash flow from operations of $24.8 million and $15.5 million of free cash flow
Paid down $4.6 million of debt in the quarter and nearly $17.0 million during the full year 2020
Free cash flow is a non-GAAP metric defined as cash flow from operations less capital expenditures
(Nasdaq: AMOT) (“Allied Motion” or “Company”), a designer and manufacturer that sells precision and specialty controlled motion products and solutions to the global market, today reported financial results for its fourth quarter and full year ended December 31, 2020. Results include the Dynamic Controls Group (“Dynamic Controls”) acquisition that was completed on March 7, 2020. ....

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