"Is Toyota OK?" Shareholders criticize automaker amid ongoing scandal; Toyoda, board reappointed
Toyota shareholders at the annual meeting hit out at Toyota for its ongoing safety testing and certification scandal, grilled the board about its oversight of the business and even accused Chairman Akio Toyoda of treating motorsports as his personal.....»»
Fisker files for U.S. bankruptcy after cash burn, quality issues with Ocean crossover
The EV startup suffered from poor distribution of its Ocean crossover and quality issues. Fisker turned to franchised dealers for distribution and unsuccessfully sought a partnership with a major automaker......»»
"We love Elon": Tesla shareholders bask in CEO"s presence
Tesla fans at the company's shareholder meeting congratulated Musk on the $56 billion pay package they just approved and thanked him for helping humanity......»»
Proton is taking its privacy-first apps to a nonprofit foundation model
Because of Swiss laws, there are no shareholders, and only one mission. Enlarge (credit: Getty Images) Proton, the secure-minded email and productivity suite, is becoming a nonprofit foundation, but it doesn't want you t.....»»
Mercedes denied right of first refusal request by Ill. vehicle board
Mercedes-Benz cannot exercise a purported right of first refusal to demand an Illinois dealer apportion the sales price of a three-franchise dealership he's selling, the state Motor Vehicle Review Board ruled......»»
Tesla sues ex-supplier Matthews over EV battery trade secrets; supplier calls it bullying
Matthews in a statement on Monday said Tesla's lawsuit is "simply a new tactic in their ongoing efforts to bully Matthews and improperly take Matthews' valuable intellectual property.".....»»
A new Cybertruck issue reportedly delays deliveries
Tesla’s Cybertruck is reportedly suffering an issue that’s caused the automaker to halt deliveries of the automaker’s newest vehicle until it’s resolved......»»
Tesla investors sue Elon Musk for diverting carmaker’s resources to xAI
Lawsuit: Musk's xAI poached Tesla employees, Nvidia GPUs, and data. Enlarge (credit: Getty Images | SOPA Images) A group of Tesla investors yesterday sued Elon Musk, the company, and its board members, alleging that Tesl.....»»
Ex-Volvo Cars Americas chief Anders Gustafsson"s second act: Revive Polestar"s North America business
Gregor Hembrough, who launched Polestar's North America business in the midst of the pandemic, will leaves for a global sales role with the automaker......»»
Column: Dump Akio Toyoda? 6 reasons Toyota shareholders should keep their chairman
Ahead of Toyota's general shareholder meeting June 18, two prominent proxy groups recommend voting against the board reappointment of Akio Toyoda, who drove his family's namesake carmaker to new heights and record profits over a 14-year run at the he.....»»
Tesla shareholders re-approve Elon Musk’s $44.9 billion pay package
Court battle over pay plan will continue despite Musk winning shareholder vote. Enlarge / Elon Musk. (credit: Getty Images | Bloomberg) Tesla shareholders have re-approved CEO Elon Musk's $44.9 billion pay package, the c.....»»
Shackleton died on board the Quest; ship’s wreckage has just been found
"His final voyage kind of ended that Heroic Age of Exploration." Enlarge / Ernest Shackleton died on board the Quest in 1922. Forty years later, the ship sank off Canada's Atlantic Coast. (credit: Tore Topp/Royal Canadian Geograp.....»»
Investigation of UAW president, other leaders threatens corruption-free image
Shawn Fain hoped to close the door on the UAW's scandal-plagued past, but a new investigation into alleged misconduct could erode member trust and hamper organizing efforts......»»
Volkswagen Group selects Omnicom as global media agency after lengthy review
Volkswagen Group ranks as the world’s 17th largest advertiser, according to the latest Ad Age Datacenter ranking, which pegged the automaker’s worldwide spending at $1.8 billion in measured media in 2022......»»
Akio Toyoda flips rally car during testing
The Toyota chairman opened an R&D Center in Japan by showing a car that he crashed as a symbol of the philosophy he wants employees to use......»»
Musk says he’s winning Tesla shareholder vote on pay plan by “wide margin”
Court battle over pay plan will continue even if Musk wins shareholder vote. Enlarge / Elon Musk. (credit: Getty Images | Bloomberg) Elon Musk said last night that Tesla shareholders provided enough votes to re-approve h.....»»
Politicians deny misdeeds because we want to believe them, research suggests
Why do politicians lie and deny when they are caught up in political scandal? According to a recent study led by a University of Nebraska–Lincoln political scientist, the answer may be that their supporters prefer a less-than-credible denial to los.....»»
UAW members authorize strike at BMW regional distribution center
The UAW voted 99 percent in favor of authorizing a strike at the Nazareth, Pa., regional distribution center. Negotiations are ongoing, and the contract is set to expire June 30......»»
Seven-automaker EV charging joint venture picks headquarters, builds leadership team
Ionna's headquarters in Durham, N.C., will house a central lab that connects to interoperability and customer experience centers at each of the seven founding automakers......»»
GM launches $6 billion share buyback plan
The board approval follows a $10 billion accelerated share repurchase announced by the automaker in November 2023......»»
tvOS 18 & homePod OS thankfully processes dialog better & borrows Amazon"s Xray feature
Users of the Apple TV will be able to install tvOS 18 this fall, with the set-top box gaining features for improved viewing and listening across the board.tvOS 18's InSight featureThe Apple TV doesn't tend to get many updates, in part due to its fair.....»»