CEO Jim Hackett sent a more than 600-word letter to senior staff in response to messages he’s received both from within and outside Ford’s ranks to reconsider producing police vehicles.
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Spartan Energy Acquisition, which is backed by private equity firm Apollo Global Management, is leading a bidding war among special purpose investors for Fisker, and could clinch a deal as early as next week, Reuters reported.
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Tesla’s new Shanghai assembly plant has churned out popular Model 3 sedans for the past six months, catapulting the company atop the electric-vehicle sales chart and piling the pressure on cash-strapped local rivals.
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The model is a key element in the automaker's turnaround plan, which has also included changes in management and ownership structure over the last few months.
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The verdict by the European Union's top court raises the possibility that the automaker could be sued by consumers across the 27-member bloc.
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The new rules are aimed at protecting drivers from harmful contaminants such as formaldehyde and benzene but could increase costs for automakers and suppliers, Reuters reported.
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The electric carmaker's CEO says he is confident that Tesla will achieve "basic functionality" for complete autonomy this year.
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U.S. District Judge Indira Talwani said Michael Taylor and Peter Taylor have not shown it likely there was no probable cause to detain them after they argued that the offenses described in Japan's requests would not support their extradition.
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The EV startup also will have an online buying option that will launch along with the virtual reveal of its first production vehicle Sept. 9.
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U.S. District Judge Paul Borman ruled that GM's legal theory, in which it alleged that FCA engaged in a pay-to-harm scheme by bribing UAW officials, "has some appeal, but it fails on closer look." GM said it will "pursue our legal remedies."
Continue Reading the above article 'GM suit vs. FCA dismissed by U.S. judge...