Latest news with #MCN
Associated Press
16 hours ago
- Automotive
- Associated Press
Faraday Future Founder and Co-CEO, YT Jia, Shares Weekly Investor Update - FX Pushes 'Scenario-as-Store' Frontier, Signs 500-Unit Deposit Agreement with Leading MCN Telling Inc., FX Super One B2B Deposits Hit 4,000
LOS ANGELES--(BUSINESS WIRE)--Jun 22, 2025-- Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ('Faraday Future', 'FF' or the 'Company'), a California-based global shared intelligent electric mobility ecosystem company, today shared a weekly business update from YT Jia, Founder and Co-CEO of FF. This press release features multimedia. View the full release here: Faraday Future Founder and Co-CEO, YT Jia, Shares Weekly Investor Update - FX Pushes 'Scenario-as-Store' Frontier, Signs 500-Unit Deposit Agreement with Leading MCN Telling Inc., FX Super One B2B Deposits Hit 4,000 'A quick heads-up for everyone: the FX Super One's first in-person Private Preview & Co-Creation Event is on track to take place next Sunday afternoon, June 29, in Los Angeles. Now let's start with the progress we made this past week. On S1 User Ecosystem, first, yet another stride in pre-order collection. FX has signed a deposit agreement for 500 FX Super Ones with Telling Inc., a leading MCN livestream e-commerce ecosystem service provider focused on the North American market and TikTok. With this, total B2B binding deposit agreements for non-binding preorders for the FX Super One have reached 4,000 units. Telling Inc. is the third MCN B2B co-creation partner to sign a deposit agreement with FX, and this marks yet another successful case of the 'end-to-end B2B2C' co-creation ecosystem model between the automotive industry and MCN agencies. Second, our Private Preview & Co-Creation Event on June 29th will be the first official showcase of the FX Super One for a select, invite-only audience, who would enjoy an exclusive preview, experience, and co-creation session. The entire FF and FX team is now focused on final preparations for the June 29th event, which include vehicle calibration, on-site setup, guest confirmations, coordinating test rides and test drive logistics. We are in the final sprint. Although the available spots for the event are limited, the response has been overwhelming. As of today, following a careful review and selection process, we have confirmed that we have reached over 100 guests from a diverse range of industries. We look forward to welcoming them on June 29th, where they will be the first to witness and experience this groundbreaking new species: the first-ever First Class AI-MPV for the U.S. market. Third, we have now received the non-refundable deposit for the 1,000-unit non-binding pre-order of our FX Super One from Pinnacle, one of California's largest real estate brokerages. This collaboration with Pinnacle not only catalyzed the eco-chemistry that merges the auto industry and the real estate brokerage system, it also creates a first-of-its-kind symbiotic ecosystem designed for mutual success. It allows FX to bypass the traditional dealership investment. Instead, we can tap directly into Pinnacle's assets: their network of nearly 2,000 experienced agents, their extensive open-house events across Los Angeles, and their direct access to a high-net-worth client base. This helps craft a truly immersive, experiential, and accessible buying experience where customers can encounter our vehicles in a natural, low-pressure environment. More importantly, this is a key milestone in realizing the 'Scenario-as-Store' vision I've long held: an asset-light, co-creation sales model that is now bearing fruit through FX. Looking ahead, we will continue to forge partnerships with top real estate brokerages to pioneer our scenario-based ecosystem with programs such as 'Luxury Car + Luxury Home' and 'Car Home Together,' which brings not only a vastly improved customer experience, but also lower acquisition costs, and exponential operational efficiency, all driving co-creation, sharing, and win-win outcomes. This model is designed to be a cornerstone of our strategy for driving rapid volume growth and achieving blockbuster success. It's a crucial part of our plan to fulfill the vision of An AIEV for Everyone in the U.S. Going to S2 and S3, Product and Technology: We are proud to announce the upcoming milestone release of our FF AI 2.0 system, which can now switch between over 50 languages in real-time, remember conversational context, and understand complex commands. For example, it can even do this. When you tell it: 'It's a bit warm, but I don't want the AC on,' it will intelligently recommend to adjust alternative vehicle controls for optimal comfort, such as pop the windows or close the roof shade. FF AI 2.0 is deeply integrated with Open AI. The system is scheduled to be available on the FF 91 via an upcoming OTA update, with a planned rollout for the FX line in the future. FF could be the first automotive company in North America to offer this level of AI functionality. For a diverse, multilingual market like the US, FF AI 2.0 could provide value we believe is exceptional to users. Finally, S7 Capability and System Build-Up: Since I took office as Co-CEO, the company has adopted a quarterly strategic update and management framework to ensure we can adapt quickly to market dynamics and our own business results. Next week, we will initiate the upgrade and sign-off process for the Q3 strategy execution plan and KPIs. We will also launch our performance review for the second quarter and the first half of 2025. We have a packed and pivotal week ahead. To our guests for the event, we'll be waiting to welcome you as the sun sets over California. Spoiler alert, next week's update will take you behind the scenes with exclusive highlights of our Private Preview & Co-Creation Event. Until next week.' ABOUT FARADAY FUTURE Faraday Future is the pioneer of the Ultimate AI Tech Luxury ultra spire market in the intelligent EV era, and the disruptor of the traditional ultra-luxury car civilization epitomized by Ferrari and Maybach. FF is not just an EV Company, but also a software-driven intelligent internet Company. Ultimately, FF aims to become a User Company by offering a shared intelligent mobility ecosystem. FF remains dedicated to advancing electric vehicle technology to meet the evolving needs and preferences of users worldwide, driven by the pursuit of intelligent and AI-driven mobility. FORWARD LOOKING STATEMENTS This press release includes 'forward looking statements' within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words 'plans,' 'desire,' 'believes,' 'seeks,' 'may,' 'will,' 'should,' and 'future,' variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding production capacity expansion, the FX brand, the Super One MPV, future FX models, future FX reservations, expansion into new states and markets, and production and sales goals, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the number of vehicles that Pinnacle Real Estate Group ultimately chooses to purchase from the Company, which may be as few as one; the ability of Pinnacle Real Estate Group to identify purchasers for the Super One; the Company's ability to expand production facility, which will be time-consuming and costly; market demand for MPVs and MPV rentals; the Company's ability to secure the necessary funding to execute on its AI, EREV and Faraday X (FX) strategies, each of which will be substantial; the Company's ability to design and develop EREV technology; the Company's ability to design and develop AI-based solutions; competition in the AI and EREV areas, where actual or potential competitors have or are likely to have substantial advantages relative to the Company, including but not limited to experience, expertise, funding, infrastructure and personnel; the ability of the Company to execute across multiple concurrent strategies, including the UAE, bridge strategy, or FX, EREV, AI, and US geographic expansion; the Company's ability to secure necessary agreements to license third-party range extender technology and/or license or produce FX vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; and the Company's ability to secure necessary permits at its Hanford, CA production facility; the potential impact of tariff policy; the Company's ability to continue as a going concern and improve its liquidity and financial position; the Company's ability to pay its outstanding obligations; the Company's history of losses and expectation of continued losses; the Company's ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company's estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company's vehicles; the Company's ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company's vehicles; current and potential litigation involving the Company; the Company's ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company's indebtedness; the Company's ability to cover future warranty claims; the Company's ability to use its 'at-the-market' program; insurance coverage; general economic and market conditions impacting demand for the Company's products; the Company's dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company's stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the 'Risk Factors' section of the Company's Form 10-K filed with the SEC on March 31, 2025, and other documents filed by the Company from time to time with the SEC. View source version on CONTACT: Investors (English):[email protected] Investors (Chinese):[email protected] Media:[email protected] KEYWORD: CHINA UNITED STATES NORTH AMERICA ASIA PACIFIC CALIFORNIA INDUSTRY KEYWORD: VEHICLE TECHNOLOGY AUTOMOTIVE AUTOMOTIVE MANUFACTURING GENERAL AUTOMOTIVE EV/ELECTRIC VEHICLES MANUFACTURING PERFORMANCE & SPECIAL INTEREST SOURCE: Faraday Future Intelligent Electric Inc. Copyright Business Wire 2025. PUB: 06/22/2025 08:56 PM/DISC: 06/22/2025 08:55 PM
Zawya
13-06-2025
- Business
- Zawya
MCN named on Fast Company's annual ‘Brands That Matter' list 2025
Dubai I Middle East Communications Network (MCN) has been recognised by Fast Company on its annual 'Brands That Matter' list. The award honours brands that lead with purpose and create tangible value, not just for business, but for the broader ecosystem they operate in. MCN won the 'Family of Brands' category, awarded alongside reputable brands. Fast Company recognises how 'MCN has made purpose a core part of its strategy, combining creativity, technology, and sustainability to drive business growth and social impact. Over the past three years, it has developed forward-looking tools like Interact, an AI platform that merges media, commerce, and creative services.' 'In 2024, MCN relaunched its Talent Academy, introduced its sustainability plan to cut travel emissions and set clear standards against greenwashing, launched Blueprint, a client briefing series, and strengthened its ties with communities through partnerships with schools and NGOs.' Ghassan Harfouche – Group CEO, MCN MENAT & President McCann Worldgroup – APAC says: 'At MCN, we lead with bravery, inclusivity and generosity and a collaborative vision to help our clients build enduring brands. This recognition reinforces the amazing talent we have and our group of agencies that help brands grow with intention, innovate with relevance, and connect meaningfully with their audiences.' This latest recognition builds on MCN's continued momentum. In 2024, the network was also named Fast Company's Most Innovative Company in Advertising, PR & Branding, and Most Innovative Workplace and inaugural Campaign Middle East Best Place to Work - a testament to its commitment to redefining how agencies operate, innovate, and lead in today's evolving landscape.
Zawya
29-05-2025
- Business
- Zawya
MRM MENAT elevates KSA Leadership to drive integrated growth in the region, with the appointment of Warren Davey as General Manager
Saudi Arabia: MRM MENAT, a leading integrated digital and customer experience agency - part of the Middle East Communications Network (MCN), has appointed Warren Davey as General Manager of MRM KSA. With over 27 years of international experience in commercial growth and brand transformation, Warren brings a rare blend of deep regional understanding and a global strategic outlook. In Saudi Arabia, he has led integrated marketing strategies across sectors including tourism, culture, education, entertainment - driving stronger audience engagement, brand visibility, and long-term impact. Previously, Davey held senior leadership roles at McCann Erickson Worldgroup across Europe and the Americas, managing global accounts including UPS, American Airlines, and TUI Travel, while building high-performing teams and expanding integrated capabilities. Known for its strategic depth and creatively led, data-driven approach, MRM continues to solidify its presence in the Kingdom as a trusted digital consultancy and full-service partner to leading brands and institutions across Saudi Arabia. Spearheaded by Karim Slim, CEO of MRM MENAT, the agency operates at the intersection of creativity, technology, data, and strategy, offering a unique combination of capabilities that help clients unlock business transformation and growth, deepen customer relationships, and deliver long-term impact. With end-to-end integration across consulting, content, CRM, commerce, and performance, MRM provides seamless, insight-led solutions that bridge strategy and execution. Trusted by some of Saudi Arabia's most influential institutions, MRM continues to empower both public and private sector leaders in transforming their marketing and customer experience strategies to align with the bold ambitions of Vision 2030. 'We recognise the scale, pace, and ambition of change underway in Saudi Arabia, and understand what it takes for brands to grow in a strategically evolving market,' said Karim Slim, CEO of MRM MENAT. 'Our role at MRM is to partner with our clients to build strong, lasting connections with long-term value. Warren's appointment strengthens our commitment to the Kingdom and brings onboard a leader who knows the market deeply and can help take our clients into the future.' 'Joining MRM at this pivotal time is an opportunity to contribute to a market that's setting new global benchmarks in innovation and growth,' said Warren Davey, General Manager, MRM KSA. 'With deep local experience and a global lens, I've seen how insight-led, integrated marketing can drive meaningful impact. MRM's unique combination of digital consultancy, creativity, data, and technology allows us to help clients scale with purpose and build enduring brand value in an ever-evolving landscape.' About MRM MRM is a modern relationship marketing agency dedicated to building enduring brand relationships. MRM's specialised capabilities help grow relationship lifetime value and span CRM, Customer Experience, Consultancy Services and Commerce with data and martech at the core. MRM operates in a borderless, integrated way to enable greater collaboration, creative effectiveness, and pure speed to market. MRM is part of McCann Worldgroup and the Interpublic Group of companies (NYSE: IPG), with 35 offices across North America, Latin America, Europe, the Middle East, and Asia Pacific. About MCN MCN (Middle East Communications Network), part of IPG, is a leading advertising and marketing communications group in MENAT, which partners with clients to build enduring brands. MCN's multi-discipline agencies, spanning creative, media, digital, PR, data, brand experience and specialist marketing, include globally renowned agency brands; FP7McCann, MullenLowe, UM, Magna, Initiative, KINESSO, MRM, McCann Health, Momentum, Craft, Weber Shandwick, Commonwealth/McCann, Jack Morton, Octagon and Current Global. With approximately 2,000 employees across 11 markets, MCN is committed to cultivating an inclusive environment where talent can thrive, earning recognition as a Great Place to Work for three consecutive years (2023–2025), awarded as Fast Company's Most Innovative Companies in 2024, and winning Agency Network of the Year 2024 by Campaign Middle East.
Campaign ME
14-05-2025
- Business
- Campaign ME
How marketers can capitalise on live events to transform regional tourism
At Arabian Travel Market 2025, MCN, in partnership with The Economist and McCann Truth Central, hosted a session that uncovered the forces shaping the future of travel, tourism and destination branding. Top learnings suggested that marketers should take into consideration the phenomenon of 'live tourism' a term coined in reference to how major live events are a defining force in global tourism. To turn events into long-term value, destinations must evolve from hosting moments to building emotional connections, cultural identity, and brand legacies, research from MCN revealed. 'Live events serve as powerful catalysts for tourism growth in the Middle East, with strategic implementation tailored to each destination's unique tourism objectives,' said Joe Nicolas, CEO – MENAT at UM Worldwide.
NDTV
08-05-2025
- Automotive
- NDTV
Triumph Speed Triple RX Teased Ahead Of Global Debut
Triumph Motorcycles has recently teased a new variant of Speed Triple 1200 RS on its social media handles. Now, the Speed Triple 1200 RS is a proper litre-class naked roadster all by itself, but the new variant, likely to be called 'RX', could be even sportier, with added features, revised ergonomics and possibly few tweaks to the engine and the output. The Speed Triple 1200 RS, owing to its size and power, hasn't been a success in India, with its sibling, the Street Triple 765 RS being more popular. View this post on Instagram A post shared by Triumph Motorcycles (@officialtriumph) The short teaser shows glimpses of the new motorcycle, wearing a neon green shade, with the letters 'RX' on the fuel tank. Triumph enthusiasts would remember that the company launched a Street Triple RX about a decade ago and now the 'RX' brand is likely to be resurrected. What is also evident in the teaser is that the rider ergonomics is has been tweaked a bit. You can see the clip-on handlebar and slightly rear set footpegs, hinting at a racier seating position. Now, spy shots of the Speed Triple 1200 RS also revealed that the motorcycle gets semi-active electronic suspension. Expect the new model to get fatter rubber and new rims, as seen on the test mule. The current Triumph Speed Triple 1200 RS gets a 1,160 cc in-line triple cylinder engine, which makes 180.5 hp at 10,750 rpm with peak torque output of 128 Nm at 8,750 rpm. The engine is paired to a 6-speed gearbox with a bi-directional quick-shifter. Now, the motorcycle will be revealed for global markets on May 13, 2025 but it is unlikely that the Speed Triple RX will be launched in India. Sypshot Source: MCN
