New York — Elon Musk cannot back out of a settlement with securities regulators that was reached after his 2018 tweets claiming he had secured funding to take Tesla private caused the electric vehicle maker’s share price to jump and led to a temporary halt in trading, an appeals court ruled Monday. The summary order… Continue reading Elon Musk must still have his tweets approved by Tesla lawyer, federal appeals court rules
Author: Detroit News Online
Why the Detroit automakers are losing ground in the world’s largest auto market
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics from… Continue reading Why the Detroit automakers are losing ground in the world’s largest auto market
Ford plans to lay off 1,300 workers in China, local media reporting
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics from… Continue reading Ford plans to lay off 1,300 workers in China, local media reporting
Elon Musk must still have his tweets approved by Tesla lawyer, federal appeals court rules
New York — Elon Musk cannot back out of a settlement with securities regulators that was reached after his 2018 tweets claiming he had secured funding to take Tesla private caused the electric vehicle maker’s share price to jump and led to a temporary halt in trading, an appeals court ruled Monday. The summary order… Continue reading Elon Musk must still have his tweets approved by Tesla lawyer, federal appeals court rules
Here’s how to keep your car on the road longer to avoid costly payments
Detroit – With the average new-vehicle price in the U.S. at nearly $48,000 and the cost of a used automobile averaging almost $29,000, many people are getting repairs done and keeping their vehicles longer. That’s boosted the average age of a vehicle on U.S. roads to a record 12.5 years this year, according to state… Continue reading Here’s how to keep your car on the road longer to avoid costly payments
Korea’s battery makers embrace LFP cells as China strides ahead
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics from… Continue reading Korea’s battery makers embrace LFP cells as China strides ahead
Tenn. company refuses US request to recall 67M air bag inflators
Detroit – A Tennessee company could be heading for a legal battle with U.S. auto safety regulators after refusing a request that millions of potentially dangerous air bag inflators be recalled. The National Highway Traffic Safety Administration is demanding that ARC Automotive Inc. of Knoxville recall 67 million inflators in the U.S. because they could… Continue reading Tenn. company refuses US request to recall 67M air bag inflators
Tesla recalls 1.1 million cars in China over braking defect
Tesla recalled virtually every car it’s sold in China due to a braking and acceleration defect that may increase crash and safety risks. The automaker will deploy an over-the-air software fix to more than 1.1 million vehicles produced in Shanghai from January 2019 to April this year, plus some models imported into China, the State… Continue reading Tesla recalls 1.1 million cars in China over braking defect
Germany backs Northvolt plant in boost for Europe’s EV industry
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics from… Continue reading Germany backs Northvolt plant in boost for Europe’s EV industry
EGLE hits Stellantis with another air quality violation over Mack Assembly Plant odors
Jeep maker Stellantis NV has received another air quality violation tied to operations at its Mack Assembly Plant on Detroit’s east side, according to a notice posted by the Michigan Department of Environment, Great Lakes and Energy on Thursday. EGLE’s Air Quality Division earlier this week investigated a complaint of “nuisance odors” at the automaker’s… Continue reading EGLE hits Stellantis with another air quality violation over Mack Assembly Plant odors