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New Tariffs Force Volvo to Delay U.S. Launch of Chinese-Made EX30 EV

New Tariffs Force Volvo to Delay U.S. Launch of Chinese-Made EX30 EV

Volvo has “delayed” the U.S. launch of the EX30 battery-electric vehicle due to new tariffs on Chinese-made EVs announced in May by the Biden administration. That delay appears likely to last until at least sometime in 2025 when the automaker plans to begin production of the EX30 at a second plant in Ghent, Belgium.

Fisker Files for Bankruptcy

Fisker Files for Bankruptcy

For the second time in less than a dozen years, entrepreneur Henrik Fisker’s effort at launching an automotive start-up has plunged into bankruptcy. Start-up Fisker Inc. filed for Chapter 11 protection late Monday. While the one-time auto designer said the filing leaves a “viable path forward,” the options for saving the company appear increasingly sparse.

Musk Faces Growing Opposition to $56B Pay Deal Ahead of 6/13 Vote

Musk Faces Growing Opposition to $56B Pay Deal Ahead of 6/13 Vote

A growing number of investors have announced they will vote against the $56 billion pay package Tesla’s board of directors wants to give CEO Elon Musk – though the South African-born executive insists he has lined up enough support for the proposals approval during a shareholder’s meeting this week. What happens if the plan is rejected? Musk already has fired a warning shot.

NHTSA’s Do-Not-Drive Order of 83K Nissans Tied to Takata Airbag Recall

NHTSA’s Do-Not-Drive Order of 83K Nissans Tied to Takata Airbag Recall

The National Highway Traffic Safety Administration told owners of more than 83,000 Nissan and Infiniti vehicles equipped with faulty Takata airbags to stop driving those vehicles immediately until they get airbags replaced. The Do-Not-Drive Order highlights the ongoing issue with the largest recall in U.S. history. Find out more at Headlight.News.

Musk’s Antics Could Cost Him $56 Billion Pay Package

Musk’s Antics Could Cost Him $56 Billion Pay Package

Elon Musk’s increasingly mercurial behavior is having a substantial impact on the Texas-based EV maker. But it may also have a serious impact on the Tesla CEO himself as shareholder resistance grows to the $50 billion pay package the automaker wants to give Musk. A key investor, and former Musk “fanboy,” voting no.