Calling the deal “unfathomable,” a Delaware court has blocked the $565 billion pay plan awarded Tesla CEO Elon Musk in 2018. The move could spell trouble for Musk’s current demand for 25% control of the EV maker while also raising concerns about his floundering social media site, X, which relied on loans backed by Tesla stock. More from Headlight.News.
UAW President Shawn Fain’s gone South, as part of his ambitious plan to expand the union’s ranks. Now is the time to strike, er make a move, as the union just won a massive contract with the Detroit automakers. The elements are slowing his pace, but progress is being made. Check out the story at Headlight.News.
Tesla has become the latest automaker to raise wages for its U.S. workers, a move that industry-watchers see as an effort to stall an organizing drive by the United Auto Workers Union. The Texas-based EV manufacturer is seen as particularly vulnerable, especially at its California assembly plant which has faced numerous complaints about racial and sexual harassment and unsafe working conditions.
Since announcing plans to enter the U.S. market, Vietnamese automaker VinFast has faced a series of problems and responded with a series of management shakeups. The latest sees its CEO “transition” to a new job, while founder Pham Nhat Vuong takes over her post. The automaker also said Saturday that it has replaced its chief financial officer.
Automotive journalists combined forces with automakers and with dog rescue operations in the Midwest to bring 12 adoptable dogs westward to find permanent homes. The doglift balances the supply and demand and delivers new pets in time for Christmas. Read the whole heartwarming story at Headlight.News.
It was supposed to provide a high-speed alternative to air travel, but Elon Musk is quietly shutting down his once-promising hyperloop company at the end of this year. Its assets are being sold off to a Dubai-based shipping company, though it’s far from clear that will ever bring the maglev system into real-world operation. Get details at Headlight.News.
Could your vehicle be giving you a bad reputation? Yes, according to Lending Tree. Find out what your vehicle says about you at Headlight.News.
Burl Ives sings that it is “the best time of the year,” but that may not be so if you are one of the expected 115.2 million people expected to travel more than 50 miles during the 10-day holiday period — nearly a record. Find out more at Headlight.News.