By Joey Klender Posted on February 3, 2023 Tesla CEO Elon Musk was found not liable in a case where investors sought to recover losses after he Tweeted that he had secured the necessary funding to take the automaker’s stock private in 2018. Investors sued Musk, Tesla, and the company’s board, claiming that the CEO’s
A day after a “frustrating” earnings report, Ford Motor Co. CEO Jim Farley told employees in a letter that he is cutting the percentage used to calculate bonuses for senior leaders including himself. The letter, co-signed by CFO John Lawler and obtained by Automotive News, explained that for 2022, the company’s salaried work force is
Spartan Radar, an automotive software startup focused on leveraging radar technology for driver-assist systems and self-driving vehicles, closed its $17 million series B funding round on Wednesday. The funding will help the Los Alamitos, Calif., company deliver its flagship Ago software-based program that improves driver-assist systems’ resolution and range to market. It also will use
SAN LUIS POTOSI, Mexico — BMW plans to invest 800 million euros ($866 million) in the central Mexican state of San Luis Potosi to produce high-voltage batteries and fully electric Neue Klasse models. The expansion, set to add around 1,000 new jobs at its operations in the Mexican state, is BMW’s latest push into electric
4:28 PM ET NEW YORK — Five years ago, all of this seemed impossible. Formula One broadcasts were just returning to ESPN airwaves, Netflix’s “Drive to Survive” series was still a year away from premiering, and the sport’s popularity in the U.S. showed few signs of emerging from a decades-long slumber. There was a four-year
Thieves In Stolen Audi Raid Through Canada Mall In GTA-Style Heist | Carscoops The vehicle was allegedly stolen more than 300 miles away and abandoned following the crime by Sebastien Bell February 2, 2023 at 15:31 by Sebastien Bell York Regional Police, who serve an area just north of Toronto, Canada, are looking for a
Video Shows UK Driver Ramming Police Officer On Motorcycle | Carscoops The driver pled guilty to 14 offenses and will be spending four years in jail by Michael Gauthier February 2, 2023 at 18:06 by Michael Gauthier London’s Metropolitan Police have released footage of a driver who intentionally slammed into an officer on a motorcycle
In this article TSLA TWTR Follow your favorite stocksCREATE FREE ACCOUNT Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, January 27, 2023. Jonathan Ernst | Reuters Elon Musk and Tesla were found not liable by a jury in a San Francisco federal court on Friday in a class-action
Day 2 of our Subaru BRZ Week to Wicked build was all about the wheels, tires, and diffusers. We also gave the Subaru a complete lighting makeover! See the full recap here ➡️ http://www.superstreetonline.com/how-to/project-car/120-hours-week-to-wicked-2013-subaru-brz-day-2 #SuperStreet #WeekToWicked #SubaruBRZ
Electric bicycle maker Magicycle has just unveiled its newest model, which is the most premium e-bike yet in the company’s lineup. The full-suspension Magicycle Deer also claims to be an “SUV e-bike,” though that term seems to get thrown around a lot lately. We’ve seen plenty of “SUV e-bikes” before, with some companies applying the
TOKYO — Japan’s Denso Corp., a key supplier and affiliate of Toyota Motor Corp., on Friday slashed its annual operating profit forecast by 12.5 percent as it warned a chip shortage could cause auto production cuts. The diversifed auto components and technology supplier lowered its full-year operating profit forecast to 420 billion yen ($3.26 billion)
Phantom AI, a startup focused on creating a software-based platform for automated vehicles, has secured $36.5 million for its series C funding round, the company said Wednesday. The fresh funding will help accelerate development of its vehicle-agnostic and customizable platform. With this new round, Phantom AI has raised $80.2 million since its 2017 founding by
PARIS — Stellantis has promoted Antonella Bruno to head its Peugeot brand in Europe from her current role leading Jeep’s business in the region. Jeep’s new Europe boss is Eric Laforge, who is currently in charge of Stellantis’ light-commercial vehicle unit for the region. Stellantis’s Europe region includes Eurasia and Balkan-area countries. Bruno, an Italian
Audi’s latest A3 only started sales in the U.S. in 2021, but an updated version of the trendy compact is already out testing. That’s because the latest A3 has been on sale outside the U.S. since 2020, meaning it should be due for a mid-cycle update by late 2023 or early the following year. Prototypes
7:15 AM ET NEW YORK, United States — Ford has confirmed it will return to Formula One in 2026 as it prepares to join forces with world champions Red Bull. The American automotive giant announced its return to the sport on Friday morning without mention of Red Bull, but further details are set to be
Serial Tesla Road Rager Charged After Police Find Steroids And $30k In His Car | Carscoops Police found the suspect with $30,000 in cash and steroids after a months-long investigation by Stephen Rivers 13 hours ago by Stephen Rivers Nathaniel Walter Radimak pleaded not guilty to numerous criminal charges on Wednesday. He’s the man police
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford CEO Jim Farley is frustrated. The company’s fourth-quarter earnings on Thursday missed analyst expectations by a wide margin, as costs and supply chain issues again hurt Ford’s bottom line, Farley knows his company needs to change. “We have to change our cost profile,” Farley
Ever since the first Tesla Semis were delivered on December 1, 2022 to PepsiCo, the Class 8 electric truck has been spotted several times on the road, generating excitement among fans every single time. Up until now, only MotorTrend spotted more than one Tesla Semi in one place during its recent visit to Frito-Lay’s facility
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