Nikola Corp. agreed to pay $125 million to settle civil charges levied against the company by the Securities and Exchange Commission claiming it defrauded investors by making false claims about its vehicles. Nikola’s settlement with the SEC still holds the … Continue reading
Tag Archives: Lawsuits/Legal
General Motors’ problems with the Chevrolet Bolt EV keep expanding, the company announcing late Friday it’s including an additional 73,000 vehicles in the recall. GM added another 73,000 Chevy Bolt EVs to the recall list with the older models. The … Continue reading
A U.S. District Judge in Detroit sentenced former UAW President Dennis Williams to 21 months in prison plus a year of supervised release and $10,000 fine for a charge of conspiracy to embezzle union funds. Williams already pleaded guilty to the … Continue reading
GM was set to build the the Nikola Badger on its own platform, using its Ultium batteries in the original $2 billion deal with the EV maker. Nikola Motors stock took another hit Friday after its CEO inadvertently suggested in … Continue reading