A Norwegian regulator rules against Tesla in a horsepower-disclosure issue, and says that the company engaged in deceptive advertising. Tesla disagrees.
The Fisker Automotive saga will continue until at least next month, now that a bankruptcy court judge has ruled that the automaker's assets will go up for auction in February instead of being acquired flat out by a Hong Kong investor. Wanxiang Group, which owns A123 Systems, is competing with Hybrid Tech Holdings LLC for Fisker.
Two children tragically lost their lives when French driver Catherine Kohtz lost control of her Volvo 850. The 1999 incident, which Kohtz blamed on a loss of braking ability in her Volvo, has led to French courts handing down a finding of manslaughter. The guilty verdict against Volvo also carries an €200,000 fine, though Volvo holds that there wasn't anything wrong with the car's braking system and will likely appeal. Driver Kohtz was fined €300 and also sentenced to a six-month jail
Kimi Raikkonen and the boys at Ferrari can breathe a sigh of relief, as their championship has been formally confirmed by the FIA. The title was appealed by the incredibly sore losers at McLaren, who insisted that because of a temperature irregularity in the fuel in BMW's and Williams' cars at the season closer in Brazil, those four cars should have been disqualified, thereby catapulting McLaren's Lewis Hamilton to the championship. (Yeah, they were serious.)
U.S. Bankruptcy Judge Robert Drain agreed yesterday to extend Delphi's deadline to submit its reorginization plan from August 5th to February 1st of next year. Judge Drain apparently sees the embattled company as making significant progress with buyouts and the early retirement of thousands of Union employees and will give it more time as long as he sees it travelling down the right path to solvency.
Yesterday the U.S. Supreme Court overturned a decision by the Sixth U.S. Circuit Court of Appeals that ruled the state of Ohio's decision to use tax incentives to attract DaimlerChrysler's business was unconstitutional. Ohio had granted DCX an investment tax credit after the company decided to build its Toledo North Assembly plant in the state but a "taxpayer group" headed by who else but Ralph Nader challenged it. DCX sees the ruling as a victory for America that will help keep investment and j
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