Fisker filed for bankruptcy protection late on Monday, the latest start-up in the electric vehicle industry to fall short after raising large amounts of money from investors with lofty expectations. Fisker’s bankruptcy filing, roughly one year after it delivered its first vehicle and almost four years after it went public, came after months of doubts… Continue reading Fisker Files for Bankruptcy as EV Start-Up’s Cash Runs Short
Author: New York Times Online News
Tesla Shareholders Approve C.E.O. Elon Musk’s Pay Package
Tesla shareholders have reaffirmed a pay award of more than $45 billion for Elon Musk, the chief executive, after it was thrown out in a legal challenge. The vote result, announced at Tesla’s annual meeting at its headquarters in Austin, Texas, on Thursday, is a strong sign that shareholders still believe in Mr. Musk, and… Continue reading Tesla Shareholders Approve C.E.O. Elon Musk’s Pay Package
Musk’s Friends and Fans Applaud Shareholder Vote on His Payday
Tesla shareholders reaffirmed a pay award worth more than $45 billion for Elon Musk on Thursday, but before the announcement was made official at the company’s annual meeting in Austin, Texas, Mr. Musk posted the news on X, his social media platform. “Both Tesla shareholder resolutions are currently passing by wide margins!” he wrote in… Continue reading Musk’s Friends and Fans Applaud Shareholder Vote on His Payday
E.U. Hits Electric Vehicles From China With Higher Tariffs
The European Union said on Wednesday that it would impose additional tariffs of up to 38 percent on electric vehicles imported from China into the bloc, in what E.U. leaders called an effort to protect the region’s manufacturers from unfair competition. The move, a month after President Biden quadrupled U.S. tariffs on Chinese electric vehicles… Continue reading E.U. Hits Electric Vehicles From China With Higher Tariffs
As the UAW Scores Wins in Red States, Tensions Emerge Over Gaza Protests
The United Automobile Workers has scored a remarkable string of victories — most recently, a landmark contract on Monday for electric vehicle battery workers — as its new leadership strives to restore the union’s image as the voice of an iconic segment of the American working class. But competing for headlines is a part of… Continue reading As the UAW Scores Wins in Red States, Tensions Emerge Over Gaza Protests
24 Hours of Le Mans: Automakers Have Expanded the Top Class
Rewind 12 months to the centenary edition of the 24 Hours of Le Mans race in France, and the big story was the return of Ferrari and Porsche. Ferrari won that event at its first attempt back in the top class of Le Mans for 50 years. Now, three more major carmakers are trying to… Continue reading 24 Hours of Le Mans: Automakers Have Expanded the Top Class
U.A.W. Reaches Accord on Pay and Safety at E.V. Battery Plant
The United Automobile Workers union on Monday announced a tentative contract agreement at an Ohio factory making batteries for electric vehicles, a step that it called a milestone in enhancing pay and safety in the E.V. supply chain. The accord covers 1,600 workers at a Lordstown plant operated by Ultium Cells, a joint venture between… Continue reading U.A.W. Reaches Accord on Pay and Safety at E.V. Battery Plant
Is Your Driving Being Secretly Scored?
You know you have a credit score. Did you know that you might also have a driver score? The score reflects the safety of your driving habits — how often you slam on the brakes, speed, look at your phone or drive late at night. While you can see your credit score, you will have… Continue reading Is Your Driving Being Secretly Scored?
Kia Recalls Telluride SUV Over Fire Risk; Urging Owners to Park Outside
The automotive company Kia issued a recall on Friday of certain Telluride SUVs from the years 2020 through 2024 and urged the owners of the vehicles to park outside and away from structures because of a fire risk, the National Highway Traffic Safety Administration said. The issue stems from the front power seat motor, which… Continue reading Kia Recalls Telluride SUV Over Fire Risk; Urging Owners to Park Outside
Biden Administration Tightens Mileage Rules to Buoy Electric Vehicles
The Biden administration on Friday tightened vehicle fuel mileage standards, part of its strategy to transform the American auto market into one that is dominated by electric vehicles that do not emit the pollution that is heating the planet. The new mileage standards announced by the Transportation Department are among several regulations the administration is… Continue reading Biden Administration Tightens Mileage Rules to Buoy Electric Vehicles