Category: News Site

Electric Car Maker Claims Elon Musk Crashed Its EV Into a Brick Wall

Three-Wheeled Crash The founder of Arcimoto, a company producing peppy electric three-wheeled electric vehicles in Oregon, claims that Tesla CEO Elon Musk crashed one of its cars into a brick wall in the fall of 2019. “Elon is the very first one to ever crash an Arcimoto, a production Arcimoto,” CEO Mark Frohnmayer told Galileo Russell,… Continue reading Electric Car Maker Claims Elon Musk Crashed Its EV Into a Brick Wall

General Motors Co sent back to drawing board after most South Korea union members reject labour deal

SEOUL: General Motors Co, which has long struggled with labour relations in South Korea, will have to renegotiate a preliminary labour deal after a majority of union members voted against it. Only about 45% of members were in favour of an agreement reached with union negotiators last week for each member to receive a lump… Continue reading General Motors Co sent back to drawing board after most South Korea union members reject labour deal

Scale AI Raises $155M in Funding; Valued at Over $3.5 Billion Post-Money

Scale AI, a San Francisco, California-based data platform for AI, raised $155M in new funding. The round, led by Tiger Global, was closed at a valuation of over $3.5B post-money. The company plans to use the funds to accelerate the development of its AI platform and develop new products to serve its customers like OpenAI,… Continue reading Scale AI Raises $155M in Funding; Valued at Over $3.5 Billion Post-Money

Tesla whistleblower Martin Tripp ordered to pay $400,000 to settle hacking case

Martin Tripp, the former Tesla worker who has been embroiled in a bitter legal battle with CEO Elon Musk for over two years, was ordered to pay his former employer $400,000 after admitting to leaking confidential information to a reporter. The settlement is intended to bring an end to one of the more sordid stories… Continue reading Tesla whistleblower Martin Tripp ordered to pay $400,000 to settle hacking case

Uber officially completes Postmates acquisition

Uber today announced the official completion of its Postmates acquisition deal, which it announced originally back in July. The all-stock deal, valued at around $2.65 billion at the time of its disclosure, sees Postmates join Uber, while continuing to operate as a separate service with its own branding and front-end – while some backend operations,… Continue reading Uber officially completes Postmates acquisition

Elon Musk wanted to name his tequila ‘Teslaquila,’ but Mexico wouldn’t let him

In November, Elon Musk’s Tesla brought out a novelty tequila called “Tesla Tequila.” Originally, Tesla filed to call the product “Teslaquila,” but it was blocked by Mexico’s Tequila Regulatory Council. Essentially, if Tesla wanted to call its drink tequila, it had to use the word tequila without changing it so as to avoid diluting the… Continue reading Elon Musk wanted to name his tequila ‘Teslaquila,’ but Mexico wouldn’t let him

Maxxis Tyres targets 5 percent market share in Tamil Nadu by 2021

Maxxis India, a leading tyre manufacturer has announced its plan to attain 5 percent market share in Tamil Nadu by 2021. The company says the southern state is one of the fastest-growing two-wheeler market for the brand in India. To achieve the target, Maxxis India says it will focus on the top level tyre dealer… Continue reading Maxxis Tyres targets 5 percent market share in Tamil Nadu by 2021

Hertz to Sell Donlen for at Least $875 Million

Hertz Global Holdings has entered into a stock and asset purchase agreement to sell substantially all of the assets of its wholly-owned fleet management subsidiary, Donlen, to Athene Holding, a leading financial services company. Graphics: Hertz Hertz Global Holdings has entered into a stock and asset purchase agreement to sell substantially all of the assets… Continue reading Hertz to Sell Donlen for at Least $875 Million