Nikola Corp. agreed to pay $125 million to settle civil charges levied against the company by the Securities and Exchange Commission claiming it defrauded investors by making false claims about its vehicles. Nikola’s settlement with the SEC still holds the…
Tag: Lawsuits/Legal
In the race to put self-driving vehicles on the road, General Motors may be ready to take the lead with the new Ultra Cruise system it plans to put on the road by 2023. GM is currently rolling out its…
General Motors filed suit against Ford Motor Co. over the use of the word “Cruise.” Ford is offering BlueCruise driving technology this fall. GM claims its a violation of the trademark it holds for Super Cruise. GM claims Ford’s use…
A U.S. District Judge in Detroit sentenced former UAW President Dennis Williams to 21 months in prison plus a year of supervised release and $10,000 fine for a charge of conspiracy to embezzle union funds. Williams already pleaded guilty to the…
SK Innovation paid $1.8 billion to LG Energy as part of a settlement so it can produce EV batteries at this soon-to-be-complete plant in Georgia. South Korean battery makers LG Energy Solution and SK Innovation finally settled a two-year old…
Fiat Chrysler and PSA shareholders are expected to approve the merger of the two companies forming Stellantis, the world’s fourth-largest automaker. This story has been updated to reflect the merger’s approval in separate votes by Fiat Chrysler and PSA…
GM is reportedly looking to apply for a banking charter for its financing unit, GM Financial. General Motors has been generating plenty of attention for its plans to shift to battery-electric vehicle production; however, the auto company has also…
Ford and Honda topped the lists of U.S. auto thieves in 2019. New statistics show that if you drive a Ford F-Series pickup, your vehicle is more likely to be stolen than any other. The National Insurance Crime Bureau released…