article thumbnail

Tesla looks to eliminate bankruptcy as savior for past whistleblower

Teslarati

Tesla is looking to eliminate the use of bankruptcy as a savior for an ex-employee who owes the company $425,000 in fines after a legal feud with the company’s CEO Elon Musk. Tesla has not taken legal matters lightly, and has beefed up its legal team over the past several years. However, legal fees are a different story.

Legal 120
article thumbnail

Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

Green Car Congress

The issuance of conditional commitment by the DOE was preceded by legal, technical and commercial due diligence by the LPO to evaluate the loan and the project’s potential to meet market demand and commercial and environmental benchmarks.

article thumbnail

Digital Currency and Trade Systems Are Tearing up the Rules

Cars That Think

These platforms—which combine open alliance legal agreements (like Visa or Mastercard's legal agreements), distributed ledger technology (for example, blockchains like IBM's hyperledger ), and end-to-end encryption—can handle not only payments but also finance, trade, tax, and audits in a uniform manner.

Tax 138
article thumbnail

Car more than 15 years old? State govts announce discounts for scrapping; 5 things to know about how to scrap an old car – ET Auto

Baua Electric

Then you should know that 21 states and union territories (UTs) are offering up to 25% discount on personal vehicle price or road tax for customers who scrap their old vehicles and buy a new one, stated a Times of India news report. The tax can be up to 50% of your road tax and is based on the pollution level in your state.

Auto 52
article thumbnail

Lordstown Motors Goes Bust

The Truth About Cars

The document goes into great detail explaining how it saw the CEO as intentionally misleading investors — citing former employees who referenced Burns as a “con man” or “PT Barnum” type. The bankruptcy documents include motions to continue operations and uphold its responsibilities to stakeholders.

Motor 105
article thumbnail

Toyota agrees to fund a settlement valued up to $1.4 billion for unintended acceleration cases

Green Car Congress

After two years of intense work, including deposing hundreds of engineers, pouring over thousands of documents and examining millions of lines of software code, we are pleased that Toyota has agreed to a settlement that was both extraordinarily hard-fought and is exceptionally far-reaching. In a statement , Christopher P.

Toyota 231
article thumbnail

Study concludes that automakers tweak vehicle fuel economy to qualify for more favorable treatment; focus on car notches

Green Car Congress

In their study, Slemrod and Sallee focus on “car notches”—where small changes in behavior lead to large changes in tax liability or the amount of a subsidy—in policies intended to encourage the production and use of fuel-efficient vehicles. mpg) that lead to large changes in tax liability or the amount of a subsidy.