SpaceX owner and Tesla CEO Elon Musk at the E3 gaming convention in Los Angeles, California, June 13, 2019. Mike Blake | Reuters Tesla CEO Elon Musk lost an appeal to unwind parts of a consent decree that he and the automaker struck with the Securities and Exchange Commission to settle civil securities fraud charges… Continue reading Elon Musk still needs ‘Twitter sitter,’ judges rule
Category: US Motoring Press
Americans are keeping their cars longer amid sky-high prices, rising interest rates
Cars, trucks, SUVs, and other vehicles drive in traffic on the 405 freeway through the Sepulveda Pass in Los Angeles, California, on August 25, 2022. Patrick T. Fallon | AFP | Getty Images DETROIT — The average age of passenger vehicles on U.S. roadways climbed to a record this year, as car owners hold on… Continue reading Americans are keeping their cars longer amid sky-high prices, rising interest rates
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
LANXESS reports sales at Euro 1.899 billion in 1Q23
The specialty chemicals company LANXESS has achieved its forecast earnings for the first quarter of 2023: EBITDA pre exceptionals came to Euro 189 million, within the range of Euro 180 million to Euro 220 million forecast in March. Compared with the previous year’s figure of 262 million euros, earnings thus declined by 27.9 percent. Sales remained almost stable. They amounted to… Continue reading LANXESS reports sales at Euro 1.899 billion in 1Q23
SIAM supports zero duty on certain British car imports in trade deal: Report
Indian carmakers have agreed to eliminate import tax on a limited number of vehicles in a trade deal with Britain “if the need arises”, newswire Reuters reported. India at the moment imposes taxes to the tune of 70 percent and 100 percent on the import of cars, which will be whittled down over a period… Continue reading SIAM supports zero duty on certain British car imports in trade deal: Report
Council compensation could have repaired 340,000 potholes
An additional 340,000 potholes could have been repaired using compensation payments made by local authorities in England and Wales, the Annual Local Authority Road Maintenance survey has revealed. In the past year, £93.7 million has been spent by authorities fixing more than 1.4 million potholes across the UK, with the average cost standing at £66.93. Over… Continue reading Council compensation could have repaired 340,000 potholes