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: Regulatory
Nascent electric vehicle makers have been going public fairly regularly since the start of 2020 and the latest, and perhaps strongest, is Rivian. The battery-electric truck maker, which already has an impressive bankroll, believes it could be worth as much … Continue reading
The impact of Uber Inc.’s long legal battle about the classification of its drivers in the U.K. — which it ultimately lost — came to light: $600 million. The union representing Uber drivers in the UK secured a legal victory … Continue reading
On a normal day, charging a Tesla Model S would cost between $2 and $15 to charge from empty. Charging up the long-range version of the Tesla Model S, with its 100 kilowatt-hour battery, runs less than $15 in most … Continue reading
Is this the last logo that will use the Chrysler name? Chrysler is dead. Perhaps a bit dramatic, but nevertheless, the merger between Fiat Chrysler Automobiles N.V. and Peugeot S.A. became effective today, resulting in Stellantis N.V. Shares of … Continue reading
Ford’s Kumar Galhotra asked other automakers to support California’s emissions plans. Last week, General Motors switched sides of the California emissions debate, siding with the Golden State in its ongoing legal battle against the Trump administration to set its own … Continue reading