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Proterra becomes the latest EV innovator to file for bankruptcy protection

Electrek

EV battery and vehicle platform specialist Proterra is the latest company to join an infamous list of electrified tech companies who have filed for Chapter 11 bankruptcy. It’s a tale as old as time… well at least for the past fifteen years or so when we look at the EV industry.

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Lordstown Motors heads toward bankruptcy while suing its investment partner

Teslarati

Lordstown Motors has sued its investment partner Foxconn and filed for Chapter 11 Bankruptcy, sending the stock in a downward spiral on Tuesday morning. Lordstowns’ Chapter 11 filing will help the company reorganize its business affairs, debts, and assets. minimum bid price requirement to be listed on Nasdaq.

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A New Fund Helps IEEE HKN Student Chapters Flourish

Cars That Think

University chapters are the lifeblood of IEEE-Eta Kappa Nu , the organization’s honor society. There are 269 chapters at universities worldwide. A strong chapter helps ensure that members have a fulfilling experience. Support provided by universities to chapters varies widely, however—which can limit activities.

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Robotic Tire Changing Business Goes Bust

The Truth About Cars

Now its status is Chapter 7. But the road appears to have stopped with the firm filing for Chapter 7. CEO Darolfi listed $12.3 The firm was just a small equity investor and is not listed as a major creditor in the bankruptcy case. Some of the claims made were pretty lofty, however. filed for protection in the U.S.

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April Fool’s! 6 times Tesla and others were a little too convincing

Teslarati

On his own Twitter profile in 2018, Musk posted that Tesla had gone bankrupt, detailing a “last-ditch mass sale of Easter Eggs,” and saying the company had been facing “*all* of the chapters of bankruptcy.” ” Really, this is the only one on this list that was probably too convincing.

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Progress! IRA signed into law

Electric Auto Association

Below, we break down the IRA’s EV related provisions and highlight how EVA chapters around the country are gearing up to make the most of this landmark package. The list of vehicles falling into each of these categories is still unknown. Chapters get into gear Across the country, EVA chapters are making plans to address the IRA.

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Lucid CFO resigns ‘to pursue other opportunities’

Teslarati

. “She was a key member of our leadership team and a critical player during major corporate moments, including Lucid’s public listing in 2021, the production and delivery of Lucid Air, and the recent unveiling of Lucid Gravity. We wish Sherry the best of luck in her next chapter.”