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: Regulatory
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…
While the Frankfurt Motor Show is no more, Germany retains its role in the hierarchy of automotive events with the debut of the first Munich Motor Show next month — and the event will bring out a broad array of…
Self-driving technology startup Aurora is preparing to go public — netting $2 billion in cash — with the help of a SPAC, which has become the preferred way to take companies public rather than a more conventional initial public offering. …
Long seen as a laggard in the electric vehicle market, Stellantis revealed a $35 billion program to bring at least 55 plug-in hybrids and pure battery-electric vehicles to market by mid-decade – a list that will include a BEV Ram…
Every five years, the U.S. Congress tackles issues regarding the regulation and safety of the nation’s roadways through the Surface Transportation Act — the latest version is woefully inadequate on multiple levels contends a group of politicians and safety advocates. …
The impact of Uber Inc.’s long legal battle about the classification of its drivers in the U.K. — which it ultimately lost — came to light: $600 million. The union representing Uber drivers in the UK secured a legal victory…
Is this the last logo that will use the Chrysler name? Chrysler is dead. Perhaps a bit dramatic, but nevertheless, the merger between Fiat Chrysler Automobiles N.V. and Peugeot S.A. became effective today, resulting in Stellantis N.V. Shares of the…
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…