NEW YORK – Nikola Corp founder Trevor Milton on Friday was convicted by a U.S. jury of fraud in a case alleging he lied to investors about the electric vehicle company’s technology. The jury found Milton guilty on one count of securities fraud and two counts of wire fraud after deliberating for around five hours.
Month: October 2022
In this article NKLA Follow your favorite stocksCREATE FREE ACCOUNT Trevor Milton CEO of Nikola Massimo Pinca | Reuters Trevor Milton, the founder and former chairman and CEO of electric heavy truck maker Nikola, was found guilty in federal court Friday of three of four counts of fraud relating to false statements he made to
By Simon Alvarez Posted on October 14, 2022 Tesla’s third-quarter earnings call is just a few days away, and the electric vehicle maker’s operations are in full swing. This is particularly notable in China, where Giga Shanghai continues to pump out vehicles for exports. Aerial footage of one of these batches of Teslas from Gigafactory
WOLFSBURG, Germany — Germany’s automakers may have secured their own energy supplies but thousands of small suppliers faced with a squeeze from soaring bills risk upsetting production through the winter. More and more suppliers are calling on the industry to renegotiate contracts to include energy clauses so they can cover the cost of rising bills.
WASHINGTON — The U.S. unit of Stellantis will pay $5.6 million to resolve a California investigation into violations of air quality regulations, the state said on Thursday. The California Air Resources Board (CARB) said the 30,600 vehicles involved in the settlement include 2012-2018 model year Ram 1500, Jeep Grand Cherokee and Dodge Durango vehicles that
In this article HMC 7267.T-JP 6758.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Yasuhide Mizuno, the chairman and CEO of Sony Honda Mobility Inc., speaks during a news conference in Tokyo, Japan, on Oct. 13, 2022. Kiyoshi Ota | Bloomberg | Getty Images The Sony-Honda joint venture focused on electric vehicles plans to begin deliveries to
On this special episode of Wide Open Throttle, Motor Trend’s Jessi Lang offers up an exclusive in-depth look at the hotly anticipated 2013 SRT Viper. Plus Motor Trend’s Scott Evans heads to Detroit to interview the brains behind the Viper brawn, SRT President and CEO Ralph Gilles. Wide Open Throttle appears every Thursday on the
Since the beginning of 2021, more than 15 new US lithium-ion battery gigafactories or expansions have been announced in a region becoming known as the Battery Belt. Combined, these facilities represent a potential investment of at least $40 billion, according to the Federal Reserve Bank of Dallas. All but one gigafactory exceeds 10 GWh of
The redesigned 2023 Porsche 911 GT3 RS managed to lap the full 12.9 miles of the Nürburgring Nordschleife in a time of 6:49.328, making it around 10 seconds faster than the 911 GT3 and seven seconds faster than the predecessor model. Impressively, the time is not far off the 6:43.616 record for production cars at
MILAN — Stellantis has signed a framework agreement with Algeria to develop activities of its Fiat brand in the county, including for local production of vehicles. The deal covers a project for the development in Algeria of industrial, after-sales and spare parts activities for Fiat, as well as the development of the automotive sector in
Toyota Motor Corp. is forgoing a traditional product pitch in a new marketing campaign designed to connect with consumers on a more personal level. The “Never Settle” campaign will comprise seven broadcast commercials touching on various themes. One spot called “A New World” explores the possibilities that await a newborn baby just leaving the hospital.
The Boring Company has just started selling a fragrance in what appears to be Elon Musk’s latest cash grab. The fragrance is dubbed Burnt Hair and according to Musk, is an “omnigender product.” It comes in a flashy red glass bottle but given that deliveries won’t start until the first quarter of 2023, it is
State EV Investments and Incentives Financial disclosures vary by state, and some withhold data at the behest of a company or to stay competitive against other states. This makes the full picture of corporate incentives incomplete, but below are estimates compiled by Bloomberg. Some subsidies and incentives may still be subject to state or local
BMW Group and AirConsole, a gaming platform, said they formed a partnership to bring gaming inside BMW vehicles. The partnership, announced earlier this week, aims to make games playable directly through the legacy automaker’s infotainment displays, with smartphones acting as controllers. Games will be delivered over-the-air, BMW said in a statement. AirConsole is available on
In this article NKLA RMO Follow your favorite stocksCREATE FREE ACCOUNT Nikola Motor Company Source: Nikola Motor Company Electric heavy truck maker Nikola said Thursday that its planned acquisition of battery-pack maker Romeo Power will now proceed, after Romeo Power shareholders agreed to tender just over half of the company’s outstanding shares. In August, Nikola
The BYD Atto 3 (in China known as Yuan Plus) has positively surprised us in the recent round of Euro NCAP safety tests, ahead of its European market launch later this year (in Norway, Sweden, Denmark, the Netherlands, Belgium, Luxembourg and Germany). The Chinese C-segment crossover/SUV received the top 5-star safety rating with pretty good
The executives chosen as 2022 Automotive News Europe Eurostars set themselves apart by exceeding expectations in a year marked by conflict, supply issues and rising costs. Christian Dahlheim, chairman of Volkswagen Financial Services, is the 2022 Eurostar winner for Mobility Services. For his full profile, please click here. Automotive News Europe and Capgemini Invent will
TOKYO – Honda Motor Co. and Japanese electronics giant Sony Corp. are betting big on the future of electric vehicles in the U.S., planning to produce their new jointly developed EV at a Honda plant in North America and deliver it first to customers in the spring of 2026. Sony Honda Mobility Inc. also plans
BERLIN — Mercedes-Benz and Microsoft announced a partnership using Microsoft Cloud for a data platform intended to improve production efficiency at over 30 passenger car plants globally. The data platform, called MO360, is already available in Europe, the Middle East and Africa and will also be launched in the United States and China, Mercedes said
In this article A4N1-FF Follow your favorite stocksCREATE FREE ACCOUNT Polestar 3 Courtesy: Polestar Swedish EV maker Polestar on Wednesday unveiled a new electric SUV that it’s counting on to expand its sales and presence in the United States. The new model, called the Polestar 3, is a five-passenger EV that the company describes as
By Eric Ralph Posted on October 11, 2022 For the first time in more than six months, SpaceX has stacked both stages of its next-generation Starship rocket, creating the largest and most powerful launch vehicle ever fully assembled. It’s not the first time. SpaceX has conducted three other ‘full-stack’ Starship demonstrations: once in August 2021
Ford is embracing #vanlife with an adventure-ready version of the Transit arriving for the 2023 model year. The 2023 Ford Transit Trail was teased Wednesday on Twitter by Ted Cannis, CEO of the automaker’s Ford Pro commercial vehicle division, one of three business units created during the automaker’s restructuring earlier this year. 2023 Ford Transit
6:43 PM ET Associated Press CHARLOTTE, N.C. — Alex Bowman said Wednesday he will miss the next three NASCAR races with a concussion he suffered last month in a crash in NASCAR’s new Next Gen car. Bowman, who sat out the past two races, will miss this weekend at Las Vegas, then sit out at
COPENHAGEN, Denmark — Polestar is poised to shake up Europe’s key premium large SUV segment amid strong demand for full-electric cars. When it arrives next year, the battery-electric Polestar 3, the Volvo Cars subsidiary’s first SUV, which made its global debut here Wednesday, will join models such as the segment-leading BMW X5 and the German
West Coast charging network operator EVCS is looking to simplify powering electric vehicles by offering a choice of monthly subscription plans. The move marks a departure from the way such networks typically operate. Most require a low monthly fee and charge an additional amount per kWh used. “It really is a minefield across the various
This much is clear: Tesla says it is going to start delivering Semi trucks Dec. 1, a full five years after Elon Musk started taking orders for them. The first ones are going to PepsiCo, which will put them to work at a Frito-Lay facility in Modesto, California, and a beverages plant in Sacramento. From
2024 Chevrolet Trax ACTIV GM DETROIT — General Motors on Wednesday revealed a new version of its Chevrolet Trax — the brand’s entry-level crossover — with new technologies and a more aggressive design, and at a lower price than the current vehicle. The compact is key to attracting and retaining cost-conscious buyers for the Detroit
Toyota can’t seem to grasp why it’s being criticized for its lack of progress in fully electric vehicles. The Japanese automaker is making headlines Wednesday after an executive went off on a tangent defending Toyota’s carbon reduction efforts and future EV plans – the frustration comes as Toyota has come under fire for not going all
BERLIN — Mercedes-Benz and Microsoft announced a partnership using Microsoft Cloud for a data platform intended to improve production efficiency at over 30 passenger car plants globally. The data platform, called MO360, is already available in Europe, the Middle East and Africa and will also be launched in the United States and China, Mercedes said
A recently-posted video on Instagram demonstrates why learning to drive is such an important skill. One driver in a bright red Ferrari 458 Italia is still honing their skills after a recent incident. After spinning out in front of a crowd of people recording their actions it seems that the driver forgot about the brake
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