Owners of the vehicles will get $625 each, which is "many times the prorated value of the temporarily reduced maximum voltage," according to the proposed settlement.
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As Detroit and Michigan reeled with the struggles of the big U.S. automakers, Levin made sure that help would be forthcoming from Congress. He backed the federal rescue of the auto industry during the 2008 recession.
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Magna International's approach to getting pickup trucks and light commercial vehicles electrified is to drop in axle replacements.
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The move comes two days after making a similar announcement for workers in Missouri and Florida. Kentucky is home to two Ford assembly plants.
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Group 1's bottom line benefited from controlling costs, higher new- and used-vehicle sales and margins and improving service and U.K. businesses.
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Talks with the industry and the Biden administration on an EV sales target are happening, but said there’s no agreement and the talks are still at an early stage, Bloomberg reported.
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The study found the fuel economy displays of the tested vehicles were off by "a relatively low" 2.3 percent when compared with fuel economy measurements reported by the dynamometer.
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Sonic Automotive Inc. posted several all-time quarterly records in the second quarter and also said it is "considering a full range of potential alternatives" for its rapidly growing EchoPark brand.
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He steps into the top role at Workhorse shortly after the company filed a legal challenge against the United States Postal Service over a major fleet contract award.
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The indictment alleges that Trevor Milton schemed to defraud investors into buying Nikola shares through statements about the company's product and technology development. Milton's lawyers said their client is innocent.
Continue Reading the above article 'Nikola founder indicted for misleading investors...