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Lordstown Motors files for Chapter 11, sues Foxconn; selling off Endurance electric pickup

Green Car Congress

According to the lawsuit, Foxconn simply used its variety of contractual arrangements with the Company as a tool to destroy Lordstown’s business, while leveraging resources gained through the partnership to advance its own business interests. Earlier post.)

Motor 150
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Avis Budget group to acquire car-sharing company Zipcar in cash deal for approximately $500 million

Green Car Congress

Rental car company Avis Budget Group, Inc. has agreed to acquire car-sharing company Zipcar for $12.25 The Boards of Directors of both companies unanimously approved the transaction, and Zipcar shareholders representing approximately 32% of the outstanding common stock have agreed to vote their shares in support of the transaction.

Companies 218
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Tesla wins Autopilot, FSD “misleading” marketing lawsuit in Germany: report

Teslarati

Back in 2020, a Munich court ruled that Tesla was employing misleading marketing strategies in Germany due to the company’s use of the words “Autopilot” and “Full Self-Driving” for its advanced driver-assist systems. And appeal the company did.

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Workhorse Group applies for $250M loan from DOE Advanced Technology Vehicles Manufacturing (ATVM) Loan Program

Green Car Congress

The company also announced that DOE has deemed its application to be substantially complete for purposes of DOE beginning its preliminary evaluation of the technical, financial, legal and other aspects of the application. Workhorse Group Inc.,

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BorgWarner to acquire Remy International

Green Car Congress

As of December 31, 2014 the company employed 6,600 people and, for the fiscal year, it generated sales of $1.2 BorgWarner has identified purchasing efficiencies, redundant public company expenses, other cost synergies and numerous opportunities to accelerate growth through the combined business.

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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 135
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Ford advises dealerships to not apply markups to F-150 Lightning customers

Teslarati

Ford has sent out an internal memo to all dealerships in the United States and Canada, advising sales staff to not apply dealership markups to customers ordering the new, all-electric F-150 Lightning. Ford doubles its F-150 Lightning production target again to 150k units per year. and Canadian operations, said.

F-150 145