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S Korea’s LG Chem sets up JV with Vietnamese car-maker VinFast

April 7, 2019 South Korea’s LG Chem said on Sunday that it has set up a joint venture with Vietnam’s VinFast Trading and Production to produce lithium-ion batteries for the Vietnamese carmaker’s electric scooters and electric vehicles. The two companies established their joint venture factory in the Vietnamese northern port city of Hai Phong, with an aim… Continue reading S Korea’s LG Chem sets up JV with Vietnamese car-maker VinFast

Nissan’s former chairman Carlos Ghosn subject to strict conditions if he gets bail

Carlos Ghosn Executive must have a camera monitoring his apartment doorway and keep a record of his phone calls and people he meets Carlos Ghosn leaves the office of his lawyer Junichiro Hironaka in Tokyo. Tokyo prosecutors are reportedly considering pressing a fresh charge against Ghosn. Photograph: Kazuhiro Nogi/AFP/Getty Images A lawyer for Nissan former… Continue reading Nissan’s former chairman Carlos Ghosn subject to strict conditions if he gets bail

Hyundai Motor denies tie-up with Tencent on driverless car software

FILE PHOTO: A man walks past the logo of Hyundai Motor during the 2019 Seoul Motor Show in Goyang, South Korea, March 28, 2019. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korean automaker Hyundai Motor Co on Sunday denied a report that it had signed a preliminary deal with Chinese technology firm Tencent Holdings to develop… Continue reading Hyundai Motor denies tie-up with Tencent on driverless car software

ChargePoint Shuts Down 159 DC Fast Chargers Over “Potential Product Issue”

5 H BY MARK KANE Quality and safety concerns quoted as a reason At the turn of the month March/April, ChargePoint has temporarily remotely shut down approximately 159 ChargePoint Express 200 DC fast chargers in its network in North America, after receiving notification from the manufacturer about a potential product issue with “quality and safety”.… Continue reading ChargePoint Shuts Down 159 DC Fast Chargers Over “Potential Product Issue”

Fiat Chrysler pools fleet with Tesla to avoid EU fines

Tough new targets for average CO2 output from cars will be introduced next year Go to Source

Illegal agreements with VW and Daimler: BMW is due to EU antitrust proceedings a billion euros back

The Bavarian carmaker BMW Show stock market chart puts down over € 1 billion because of an EU antitrust case This will burden the result of the first quarter accordingly, said the car maker on Friday evening. As the examination of the objections of the EU Commission and access to the file will take some… Continue reading Illegal agreements with VW and Daimler: BMW is due to EU antitrust proceedings a billion euros back

How eco are electric cars actually?

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Carlos Ghosn will remain in detention until 14 April after the rejection of his appeal

Carlos Ghosn will be detained until April 14, his appeal against this new imprisonment having been rejected. Prosecutors may then apply for an additional 10-day detention, after which they will have to charge or release him. The Tokyo prosecutor’s office suspects the former CEO of Renault to have violated his professional obligations and to have… Continue reading Carlos Ghosn will remain in detention until 14 April after the rejection of his appeal

Judge Nathan Tells Musk And SEC: “Work It Out!”

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Published on April 5th, 2019 |

by Steve Hanley

Judge Nathan Tells Musk And SEC: “Work It Out!”

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April 5th, 2019 by Steve Hanley

Anybody who ever tried to guess what a judge was thinking is a damned fool, but as a general rule, when a judge sends both parties to a dispute away with an admonition to resolve their differences, it’s a sign the court thinks both are acting like spoiled children and it’s time for them to grow up.

That’s pretty much what federal district court judge Alison Nathan did on April 4 when Elon Musk and attorneys for the SEC appeared before her. The Securities and Exchange Commission (SEC) has filed a motion asking the court to hold Musk in contempt for two tweets on February 19. The first said Tesla would manufacture 500,000 cars in calendar year 2019. A short time later he clarified that by tweeting that the company would produce 400,000 in 2019 but would be on pace to make 500,000 a cars by the end of the year — would hit a weekly run rate that, extrapolated by 52 weeks, would equal 500,000.

The SEC took umbrage with the tweets, arguing that they deliberately violated an agreement the company, Musk, and the SEC came to last year after the infamous “taking Tesla private” tweet caused Tesla short sellers to get their BVDs in a bunch. Prior to his court appearance on April 4, Musk said the second tweet was “true, immaterial to shareholders, and in no way a violation of my agreement with the SEC.”

That agreement last year is what led to Musk stepping aside as chairman of the company, a position subsequently filled by Robyn Denholm. It also was supposed to make Musk more cautious when it came to publishing tweets that could affect the company’s stock price.

The thinking among courtroom observers is that if Judge Nathan agreed with the SEC, she would have sanctioned Musk and been done with it. That she didn’t suggests the judge found the SEC plaint less than persuasive.

In court, she told both sides, “Put your reasonableness pants on.” She then ordered both parties to meet with each other for at least one hour in the next two weeks to work out an agreement that will clarify the original order and resolve the pending motion to hold Musk in contempt. They are to file a joint report to the court by the end of the two-week cooling off period.

After the hearing, Musk issued a statement, saying, “We have always felt that we should be able to work through any disagreements directly with the SEC, rather than prematurely rushing to court. Today, that is exactly what Judge Nathan instructed.”

According to a report by CNBC, Musk was asked if the two sides would meet and resolve their dispute in the next two weeks. “Looks like it,” he told reporters with a smirk on his face before driving away in a Tesla Model S. If he was worried by what happened in court on Thursday, he certainly didn’t show it.

Musk Visits Gigafactory 2 in Buffalo
While he was in the area, Musk visited Tesla’s Gigafactory 2 in Buffalo, according to a report by the Buffalo News. What he did or said there is unknown, but so far as we know, this is the first time Musk has been to the factory. Perhaps he is taking a renewed interest in the SolarRoof that is supposed to go into production sometime this year.

About the Author

Steve Hanley Steve writes about the interface between technology and sustainability from his home in Rhode Island and anywhere else the Singularity may lead him. His motto is, “Life is not measured by how many breaths we take but by the number of moments that take our breath away!” You can follow him on Google + and on Twitter.

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Micro-mobility startup Pi Beam Labs raises pre-Series A funding

Chennai: Pi Beam Labs, a maker of electric utility vehicles for the micro-mobility market, and a startup incubated at IIT-Madras’ Incubation Cell has raised an undisclosed amount of pre-Series A funding from Eagle10 Ventures, Bluehill Capital, and other high net-worth individuals. The startup works with public sector undertakings on last-mile delivery of gas cylinders and… Continue reading Micro-mobility startup Pi Beam Labs raises pre-Series A funding