Elon Musk’s $56B Tesla pay package restored by Delaware Supreme Court
The decision brings to a close a years-long court battle that irked Musk so much he moved Tesla’s incorporation from Delaware to Texas.
Transportation
Kia and Hyundai will spend millions fixing old cars to stop ‘Kia Boyz’ thefts
Kia and Hyundai will offer free repairs for millions of cars that lack anti-theft technology as part of a settlement with dozens of US states. The automakers agreed to outfit the roughly nine million eligible cars sold between 2011 and 2022 with a zinc sleeve installed around the ignition cylinder to prevent the viral “Kia […]
Rivian rolls out new ‘Universal Hands-Free’ driving feature
The driver assistance software is available on Rivian’s for Gen 2 R1 cars and works on 3.5 million miles of North American roads. But it doesn’t slow or stop for traffic lights or stop signs.
Cowboy saddles up with a new owner
The Brussels-based electric bike company has officially closed its deal to be acquired by ReBirth Group Holding, which also owns cycling brands Peugeot, Gitane, and Solex. The transaction includes new, undisclosed funding from ReBirth as well as €15 million ($17.6 million) from existing shareholders. The funding will be used to restart production and deal with […]
Tesla would have to rein in FSD under new Democratic bill
Tesla and other automakers working on Level 2 and higher driving systems would be required to restrict their vehicles to specific road types or clearly defined operational domains under a new bill introduced today by Massachusetts Senator Ed Markey (D). Operational design domains, or ODDs, are a set of conditions, either geographic or weather-related, in […]
Rad Power Bikes files for bankruptcy and is looking to sell the business
It’s the latest e-bike company to seek bankruptcy protection after pandemic-era excitement for the category wore off.
Mercedes-Benz discontinues feature that syncs music to driving
Mercedes-Benz sent out a notice to customers recently announcing its plans to discontinue MBUX Sound Drive, an interactive audio feature that syncs music to the car’s actions. The feature was first announced less than a year ago at CES in partnership with Black Eyed Peas frontman Will.i.am. Notices went out recently to customers that MBUX […]
Rad Power Bikes files for bankruptcy protection
Rad Power Bikes, the once dominant electric bicycle brand in the US, filed for Chapter 11 bankruptcy protection this week as it seeks to sell of its company. The move comes less than a month after Rad Power said it could not afford to recall its older e-bike batteries that had been designated a fire […]
Tesla misled customers about self-driving features, judge rules
Tesla could be temporarily locked out of its biggest US market if it doesn’t change deceptive marketing that exaggerates the self-driving capabilities of its cars, the California Department of Motor Vehicles warned on Tuesday, adopting the ruling of an administrative law judge. The DMV said Tesla’s use of terms like “Autopilot” and “Full Self-Driving” to […]
Tesla engaged in deceptive marketing for Autopilot and Full Self-Driving, judge rules
The judge ruled Tesla should have to suspend manufacturing and sales in California for 30 days, but the DMV stayed those rulings for 90 days to allow Tesla to comply.