The federal jury convicted Milton in October 2022, with prosecutors characterising him as a “con man” who misled investors about Nikola’s technology.
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INDUSTRY NEWSLatest News
General Motors’ labour deal nears approval as UAW votes tally
by Biplab Dasby Biplab DasIf approved, this would mark the first ratification of a deal, extending through April 2028, among the Detroit Three automakers.
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INDUSTRY NEWSLatest News
Beijing automaker BAIC Group seeks approval for Xiaomi EVs
by Biplab Dasby Biplab DasBAIC Group’s subsidiary, BAIC ORV, has formally applied for regulatory approval to produce two Xiaomi-branded electric vehicles
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Mahindra Racing signs Kush Maini as a reserve driver for the season 10 of ABB FIA Formula E world championship. Formula E will return to …
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The Toyota Motor North America and San Diego Gas & Electric Company (SDG&E) collaboration will work on the exploration of V2G technology for a more …
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17-year-old Lia Block will run her first season of open-wheel racing with the ART Grand Prix team alongside McLaren junior Bianca Bustamante.
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General Motors (GM) has registered as a Formula 1 engine manufacturer and is said to commence operations starting in 2028 with the new-entrant Andretti Cadillac …
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Latest NewsTECHNOLOGY
Hydro and WEVC collaborate to slash carbon footprint of electric vans
by Biplab Dasby Biplab DasBy leveraging Hydro’s sustainable aluminium, WEVC aims to achieve a 50% reduction in the carbon footprint of its eCV1 electric van.
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iMotion initially intended to raise USD 300 million, as reported in March, but has scaled down its fundraising goal.
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INDUSTRY NEWSLatest News
Denso sets revenue targets with focus on electrification and advanced tech
by Biplab Dasby Biplab DasDenso plans to bolster its revenue from advanced-driver assistance systems (ADAS) to 520 billion yen by the 2025 business year.