In Friday’s decision by the 5th US Circuit Court of Appeals in New Orleans, Tesla was ordered to reinstate union advocate Richard Ortiz with back pay. The company had argued that he was terminated for lying in an investigation about his misconduct. Tesla’s opposition to unions has been a source of friction with the Biden …
Musk must erase threatening tweet in labor fight, court says Read More »
The U.S. Environmental Protection Agency (EPA) on Friday said it was approving California‘s plans to require a rising number of zero-emission heavy-duty trucks as the state pushes to cut pollution. California Governor Gavin Newsom said as a result of the plan, “half of all heavy duty trucks sold in CA will be electric by 2035.” …
U.S. approves California plan requiring half of heavy duty trucks be EV by 2035 Read More »
The day after reporting the results, Farley told employees that he would cut the percentage used to set bonuses for executives including himself. “Our 2022 financial results were solid by historical standards but did not meet our high expectations,” Executive Chair Bill Ford said in a letter to shareholders that was part of the proxy. …
Ford CEO Jim Farley's 2022 compensation falls slightly to $20.9 million Read More »
Wholesale auctions provider KAR Global on Friday said that Jim Hallett, who was the company’s CEO from 2009 to 2021, is retiring from his role as its executive chairman. Hallett, 69, was appointed executive chairman of KAR Global in 2021. He is also stepping down as chairman of the company’s board of directors, a role …
KAR Global's Jim Hallett, former CEO, retires from executive chairman role Read More »
Longtime Colorado Auto Dealers Association CEO Tim Jackson, a high-profile voice for dealers in the state and nationally, parted ways with organization on Friday. In a release, the board said it has appointed Matthew Groves, its vice president of legal, regulatory and compliance, as interim CEO, effective immediately. Jackson, 66, has been CEO of CADA since …
Tim Jackson parts ways with Colorado Auto Dealers Association Read More »
Tesla Inc. shares are set to mark their best-ever start to a year, buoyed by price cuts across the electric-vehicle maker’s lineup in a bid to boost sales. Investors will soon discover if all the enthusiasm was justified. The Elon Musk-led carmaker is expected to announce quarterly delivery and production figures in early April, providing …
Tesla deliveries face one big question: Did price cuts work? Read More »
TOKYO — Nissan and Renault are working well together to sign a final agreement about the reshaping of their alliance and are confident that a deal will be reached soon, Nissan said in a statement on Friday. The automaker was responding to an earlier report by Japanese news agency Jiji which said that the final …
Nissan says it's confident deal with Renault will be sealed soon Read More »
The agency told Canoo it was also investigating its “operations, business model, revenues, revenue strategy, customer agreements, earnings and other related topics, along with the recent departures of certain of the company’s officers.” Canoo’s shares were up 5 percent as of midday trading on Friday. Source link
West Virginia Sen. Joe Manchin on Friday criticized Treasury’s guidance for what he said “completely ignores” the law’s intent of U.S. energy security and reducing dependence on foreign adversaries such as China for battery materials and manufacturing. It is horrific that the administration continues to ignore the purpose of the law, which is to bring …
EV tax credit sourcing rules to take effect in April, officials say Read More »
Self-driving technology company Waymo will retire its fleet of Chrysler Pacifica hybrid minivans, the vehicular flag-bearers for the nation’s first autonomous ride-hailing service. Waymo said Thursday it will replace the vans used in its metro Phoenix ride-hailing service by increasing its deployment of Jaguar I-Pace electric vehicles. The transition will occur in a matter of …
With a nod to EVs, Waymo retires self-driving Pacifica hybrid minivans Read More »
