Tesla braced for a big hit from legal claims following Musk’s Twitter gaffe August 16, 2018 Tesla’s legal team is bracing itself for a number of potential legal claims following an uproar caused by Elon Musk’s disclosures on Twitter that he was considering taking the company private. Fox News reported that the legal team for the controversial CEO was preparing itself for the costs of private litigation to exceed any fine [...]
Musk to step down as Tesla chairman and pay $20m fine in settlement with US regulators September 30, 2018 Elon Musk is to step down as chairman of Tesla after settling a fraud lawsuit with US regulators over tweets he made about taking the firm private. The billionaire boss of the electric car-making firm has also agreed to pay a $20m (£15m) fine from the US securities and exchange commission (SEC), staving off a [...]
End of the road: Volkswagen will stop making iconic Beetle September 14, 2018 Volkswagen has announced it is to stop making its iconic Beetle car next year, ending nearly seven decades of production. The American branch of the international car manufacturer has said that the Mexican manufacturing plant that makes the iconic vehicle will cease production of the Beetle in 2019. Two special editions of the car will be released next [...]
End of the road: Volkswagen will stop making iconic Beetle September 14, 2018 Volkswagen has announced it is to stop making its iconic Beetle car next year, ending nearly seven decades of production. The American branch of the international car manufacturer has said that the Mexican manufacturing plant that makes the iconic vehicle will cease production of the Beetle in 2019. Two special editions of the car will be released next [...]
Parliament a no-show for Viagogo as committee chair accuses firm of ‘gross discourtesy’ September 5, 2018 The head of an influential committee of MPs launched a scathing attack on Viagogo today after the controversial ticket resale giant snubbed a parliamentary hearing for the second time in as many years. Damian Collins, who chairs the department for digital, culture, media and sport (DCMS) select committee, slammed the act of non-attendance as a [...]
Tesla nearly hit its Model 3 goal of 5,000 cars a week, making it just a few hours after the June deadline passed July 2, 2018 Tesla almost reached its targets for Model 3 production last night, making it just a few hours after midnight passed yesterday morning in a reveal that boosted its share price by 4.5 per cent. CEO Elon Musk had previously said he wanted to reach total production numbers of 5,000 cars per week by the end [...]
Legal case against former Apple employee reveals trade secrets on its self-driving car technology July 11, 2018 Criminal charges filed against an ex-Apple employee for stealing trade secrets on the company's self-driving car technology have revealed some interesting new details on what Apple is up to. Xiaolang Zhang was charged by a US federal court over evidence submitted by Apple that Zhang accepted a position at Chinese rival Xmotors, and downloaded the [...]
DEBATE: Is Elon Musk’s erratic behaviour just the price we need to pay for brilliant entrepreneurs? October 1, 2018 Is Elon Musk’s erratic behaviour just the price we need to pay for brilliant entrepreneurs? Kathy Gromotka, associate at Downing Ventures, says YES. We back entrepreneurs because we buy into their desire and ability to behave in a way that creates value, whether they’re a star in the spotlight or operating in stealth mode. Elon [...]
Donald Trump threatens to pull the US out of the World Trade Organisation August 31, 2018 US President Donald Trump has threatened to pull the US out of the World Trade Organisation (WTO). In an interview in the Oval Office with Bloomberg News Trump said: “If they don’t shape up, I would withdraw from the WTO”. He said establishing the WTO, which was set up in 1995, was the “the single [...]
Southend Airport owner Stobart Group makes trio of appointments following bitter boardroom dispute August 23, 2018 Stobart Group, the troubled owner of Southend Airport, today appointed a woman to its board as it looks to rebuild after a fierce boardroom row at the company. The firm said it would appoint the co-founder of PR agency Citigate Dewe Rogerson, Ginny Pulbrook, as a non-executive director from 1 October 2018. Its shares grew five per [...]