Twitter shareholders sue Elon Musk and Twitter over chaotic deal

Images by Sheldon Cooper/SOPA | Light flare | Getty Images Twitter shareholders are suing Elon Musk, and Twitter itself, for their handling of a chaotic acquisition process that is still ongoing and has contributed to volatile swings in the company’s stock price. The CEO of Tesla and SpaceX revealed a large stake in Twitter on … Read more

Booster making renewable fuels accessible in ways gas stations can’t

Booster delivers fuel directly to fleet vehicles. Courtesy of Booster Fuels Inc. Fuel delivery startup Booster has made a name for itself filling up commuters’ cars while they’re parked at the office. But after the Covid pandemic shifted so many people to remote work, Booster CEO Frank Mycroft said, the company ramped up its commercial … Read more

Ford pays $19.2 million for fake MPG and Payload ads

2011 Ford Super DutyPicture: Ford Automotive News reports that Ford has agreed to pay a $19.2 million settlement following allegations that the automaker misled consumers on two fronts: the Ford C-Max’s fuel economy and load capacity useful of the Super Duty pickup truck. The settlement, which involves 40 states and Washington DC, stems from claims … Read more

These Hyundai cars are being recalled for potentially explosive seat belt parts

Photo: Jonathan Weiss (Shutterstock) Safety belts essentially have one role: to ensure the safety of people inside a vehicle. Typically, this means ensuring that drivers and passengers remain relatively still during an accident, but given the Hyundai’s latest recallwe’re going to add “doesn’t explode” to our seat belt wish list. A total of 239,000 vehicles … Read more

Stellantis and Samsung to invest $2.5 billion in Indiana EV battery plant

Stellantis CEO Carlos Tavares holds a press conference after meeting with trade unions, in Turin, Italy, March 31, 2022. Massimo Pinca | Reuters Automaker Stellantis plans to invest more than $2.5 billion in partnership with Samsung SDI to build the automaker’s first electric vehicle battery manufacturing plant in the United States The companies announced on … Read more

Kate McKinnon and Pete Davidson leave ‘SNL’

This combination of photos shows the cast of “Saturday Night Live”, from left to right; Aidy Bryant, Pete Davidson, Kate McKinnon and Kyle Mooney. Bryant, Davidson, McKinnon and Mooney are leaving “Saturday Night Live,” leaving the institution of the sketch with arguably its two most famous names after Saturday’s 47th-season finale. (Associated Press) Estimated reading … Read more

Mercedes to cut low-cost models amid luxury – News

Home / News / Mercedes to cut low-cost models amidst luxury Mercedes-Benz announced that it would drop some of its lower-priced models and focus on the more profitable luxury segment of the market. The German automaker will redefine itself as “a pure-play luxury car company”, he said, in a bid to take on rivals such … Read more

Hyundai plans to invest US$5 billion in mobility technology

Drew Anger | Getty Images News | Getty Images Hyundai Motor said on Sunday it plans to invest $5 billion in the United States by 2025 to further develop mobility technologies in areas including autonomous driving, robotics and AI. The investment comes on the heels of the automaker’s recent announcement of a plan to spend … Read more

Hyundai to invest $5.5 billion to build electric vehicles and batteries in Georgia

The Hyundai logo is displayed at the #WeAreMobility show during the 97th Brussels Motor Show on January 18, 2019, in Brussels. Dirk Waem | AFP via Getty Images Hyundai Motor on Friday confirmed plans to spend $5.54 billion to build its first electric vehicle and battery manufacturing facilities in the United States. The factories will … Read more

Utah unemployment drops below 2% for the first time as labor becomes a ‘precious commodity’

The Taylorsville Department of Workforce Services is pictured April 15, 2021. Utah’s unemployment rate hit a record high of 1.9% in April, according to a report released Friday. (Kristin Murphy, Deseret News) Estimated reading time: 3-4 minutes SALT LAKE CITY — Utah labor officials reported Friday that the state’s seasonally adjusted unemployment rate fell to … Read more