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Wanxiang Group Corp., the parent company of Karma Automotive LLC in Costa Mesa, plans to manufacture electric cars in China, according to Bloomberg.
ReShape Medical Inc. in San Clemente named Mike Mangano its president and chief executive.
Karma Automotive LLC in Costa Mesa said its distribution strategy for the new Revero car will include 10 independent dealers and a company-owned “brand-experience center” in Orange County.
Pacific Medical LLC in San Juan Capistrano was bought by Jordan Health Products in Chicago on undisclosed terms.
Incipio Group in Irvine acquired Nashville-based competitor Griffin Technology on undisclosed terms.
Autobytel Inc. in Irvine beat Wall Street expectations for revenue for its second quarter that ended June 30.
Incipio LLC upped its offer to buy Skullcandy Inc. from $5.75 per share to $6.10 per share, or approximately $188.6 million, according to the Irvine-based maker of cellphone cases and other mobile device accessories.
Three out of four Orange County-based automakers exceeded the national sales pace for new vehicles in July, according to New Jersey-based market researcher Autodata Corp.
Aliso Viejo-based OCTANe and the Boston-based Massachusetts Medical Device Industry Council will work together to build awareness of emerging med-tech companies for investors in Orange County and Boston.
David Pyott and Joe Kiani were part of a $13M Series A funding round for Bioniz Therapeutics Inc. in Irvine and both joined its board, with Pyott being named chairman.
Fullerton-based Dr. Smoothie Brands has been acquired on undisclosed terms by Bevolution Group in Chicago.
Irvine-based Incipio LLC’s bid for Skullcandy Inc. was rejected by the audio equipment manufacturer’s board of directors, in favor of a “superior proposal.”
Vans Inc. in Cypress promoted Doug Palladini to global brand president, effective immediately.
Compass Diversified Holdings LLC in Westport, Conn. acquired 5.11 Tactical in Irvine for $400 million.
Irvine-based Western Digital Corp. reported lower annual sales and adjusted profits.