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Tesla loses Head of Legal who oversaw internal purchasing probe

Teslarati

Tesla has lost its Head of Legal, David Searle, who reportedly left his position at the automaker less than a month ago. Searle oversaw an internal purchasing probe during his final days at the company before leaving. Several employees were reportedly terminated due to the purchase. Eskin has been with Tesla since 2017.

Legal 99
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Elon Musk’s legal team: Twitter ordered whistleblower to destroy evidence

Teslarati

Elon Musk’s legal team threw some allegations against Twitter in a recent filing, with the Tesla CEO’s camp alleging that the social media company had ordered whistleblower Peiter “Mudge” Zatko, its former head of security, to destroy evidence as part of his severance package. per share. .

Legal 126
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AK Steel to purchase Precision Partners Holding Company; tooling and stamping for automotive

Green Car Congress

AK Steel signed an agreement to acquire Precision Partners Holding Company, a leading North American automotive market company that provides engineering, tooling, die design and hot and cold stamped steel parts, for $360 million in cash.

Companies 150
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Former Lordstown CEO Given Permission to Buy Back Company Assets for $10 Million

The Truth About Cars

Bankruptcy Court to sell its remaining manufacturing assets to a company owned by its founder and former CEO Stephen Burns for roughly $10 million. Burns eventually sold off his remaining equity in the company. that inflated Lordstown Motors’ valuation in October 2020, Burns owned about 25 percent of the company stock.

Buy 105
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Tesla calls out Bloomberg for falsely claiming David Searle left the company

Teslarati

Tesla confirmed that its Head of Legal, David Searle, has not left his position less than a month ago. Searle is still with the company. Bloomberg cited three people familiar with the matter who said that Dinna Eskin, a Deputy General Counsel at Tesla relieved Searle after the internal purchasing scandal took place.

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Tesla receives permission to trade emission credits in South Korea

Teslarati

This marks a significant development for the electric vehicle maker, as it will allow the company to generate additional revenue in the South Korean market. If they exceed the amount, they must pay a fine of 50,000 won per gram/km ($36 per gram/km) or purchase emission credits from other companies.

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Automotive industry develops new guidance for measuring recycled content of automotive products

Green Car Congress

R3: Recycled portion of purchased raw material, including materials recovered or generated by other industries. Only the recycled portion of a purchased raw material may be counted when material consists of recycled and virgin content. —Reeshemah Howard, Sustainability Mission Leader, General Motors.