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Failed SONDORS Metacycle motorcycle was never street legal, reveals employee

Baua Electric

A former SONDORS employee has revealed new details regarding the Metacycle electric motorcycle sold by the now-defunct SONDORS e-bike company, describing the project as “a freight train wreck turned into a dumpster fire.” On the business side, the company had a tendency to skirt importation tariffs through improper classifications.

Legal 52
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Tesla secures hard-fought win for owners in CT, but battle for sales continues

Teslarati

As per recent reports, Tesla’s plans to set up a service center for electric car owners in the state gained traction on August 11 when officials from East Hartford unanimously approved the company’s application to build the facility. Unfortunately, Tesla’s approval from the commission promptly faced some legal scrutiny.

For Sale 145
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Elon Musk, Twitter reach agreement for sale of social media platform

Teslarati

Following Tesla CEO Elon Musk’s proposal to complete a buyout of social media platform Twitter, the company’s board has decided to accept the offer of $54.20 Twitter confirmed the sale to Musk in a statement on Monday. Upon completion of the transaction, Twitter will become a privately held company.

For Sale 143
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California ARB fines Ford $2.96 million for sales of non-compliant On-Board Diagnostic systems in California

Green Car Congress

The California Air Resources Board announced that Ford Motor Company has agreed to fines totaling $2,960,000 for violations of air quality laws related to the sale of vehicles with non-compliant On-Board Diagnostic (OBD) systems in California.

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General Motors And Tengzhong Sign Definitive Agreement For Sale Of HUMMER

Green Car Congress

Credit Suisse is acting as exclusive financial advisor and Shearman & Sterling is acting as international legal counsel to Tengzhong on this transaction. Tengzhong is one of China’s major privately owned engineering companies. Citi is acting as financial advisor to GM.

Hummer 210
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CNHTC acquiring 34% of UQM stock; forming new JV for electric propulsion systems in China

Green Car Congress

through its wholly owned subsidiary, Sinotruk (BVI) Limited (collectively, CNHTC”, the parent company of Sinotruk, a leading Chinese commercial vehicle manufacturer. The terms of the Agreement were unanimously approved by the boards of directors of both companies. as US legal advisor to UQM. The purchase price is $0.95

China 150
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Tesla’s Tom Zhu takes over North America sales, service & deliveries

Teslarati

Tesla’s global vice president and CEO of the Greater China region, Tom Zhu, took over responsibilities for sales, service, and deliveries in North America, Electrek reported , citing sources familiar with the matter. but was still the chairman of the company. manager to Tesla plants in California and Texas.