Archive | car policy

Elio Confirms It’s Going Crypto And Gets A $2.5 Million Lifeline From Overstock.com 

Troubled three-wheel car startup Elio Motors netted a $2.5 million lifeline on Tuesday from online retailer Overstock.com—yes, that is still a thing, as is Elio, for now—and confirmed it is indeed going crypto, something we alluded to a week ago. Elio said its “security token offering,” likely to be called ElioCoin,…Read more… Continue Reading at […]

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Proposed Autonomous Car Legislation Is Petering Out After Recent Fatal Crashes 

Federal lawmakers have been toying with proposed legislation to oversee the deployment of autonomous cars for months now, but that effort is appearing to stall out, following two recent crashes involving an Uber-owned self-driving car and a Tesla Model X.Read more… Continue Reading at http://jalopnik.com

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Tesla Contract Workers Pressured To Accept Debit Card For Pay Instead Of Check: Lawsuit

Tesla failed to pay contract workers at its California assembly plant all required overtime wages, while also making them work without taking a legally mandated break, according to a new lawsuit filed in California state court. The employees were faced “pressure” from a temp agency that hires workers at the factory to…Read more… Continue Reading […]

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84-Month Auto Loans Are Becoming More Common Because You People Can’t Stop Buying Trucks

Americans have an insatiable, burning appetite for large trucks and SUVs right now, and so dealers are handling it by doling out auto loans with record terms. A record amount of loans have 72-month terms, but now more lenders are moving toward 84-months to keep the sales drive churning, reports Bloomberg.Read more… Continue Reading at […]

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Goodyear Senior Execs OK’d Settlements Acknowledging Its RV Tire Failed At Highway Speeds

With a failure rate even greater than the infamous Firestone tires of the 1990s and an apparent nine linked deaths, Goodyear’s G159 RV tire has been called “the worst tire in history” by one attorney in ongoing cases against the company. But what did Goodyear’s leadership know about the tire’s problems, if anything?…Read more… Continue […]

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Tesla Undercounts Worker Injuries To Make Safety Record Appear Better: Report (UPDATED)

Tesla has failed to report some worker injuries at its California factory on legally mandated reports, which helped make “the company’s injury numbers look better than they actually are,” according to a new report from the Center for Investigative Reporting’s magazine Reveal. Tesla disputed every one of Reval’s…Read more… Continue Reading at http://jalopnik.com

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FBI Has Questions About The Taxi Business Ran By Donald Trump’s Lawyer 

This week, the FBI raided the office of President Donald Trump’s longtime personal lawyer, Michael Cohen, reportedly seizing business records and emails. But the feds have interest in a part of Cohen’s life that hasn’t received much attention publicly: his involvement with a New York City taxi business.Read more… Continue Reading at http://jalopnik.com

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Watch GM Employees In South Korea Destroy Their CEO’s Office 

Workers at General Motors’ troubled South Korean operations learned this week that no one will receive a bonus due to what Bloomberg summarized as a “cash crisis.” Naturally, a small contingent responded by proceeding to completely trash their CEO’s office. Read more… Continue Reading at http://jalopnik.com

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Trump’s New NAFTA Plan Might But Probably Won’t Work

For months, trade negotiators from Canada and Mexico have been chastising U.S. President Donald Trump’s team for demanding the North American Free Trade Agreement to be amended so vehicles are required to contain a large percentage of U.S.-produced parts. But now, reports the New York Times, the U.S. is pitching an…Read more… Continue Reading at […]

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Massachusetts Subprime Auto Lender To Pay $765,000 In Settlement For ‘Routinely’ Selling Defective Cars

A Massachusetts subprime auto lender is paying $765,000 to settle claims from the state’s attorney general that it “routinely sold defective and inoperable cars,” according to the attorney general’s office.Read more… Continue Reading at http://jalopnik.com

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Goodyear Knew Of Dangerous RV Tire Failures For Over 20 Years: Court Docs

Goodyear Tire & Rubber Co. received failure claims over a tire that was installed on thousands of RVs and is linked to at least nine deaths, dozens of injuries, and hundreds of crashes as early as 1996, the first year it was manufactured and installed on motorhomes, according to court documents obtained exclusively by…Read more… […]

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Say Farewell To Zero Percent Auto Loans Because They’re Disappearing Fast 

To spur record sales over the last few years, automakers and dealers have turned to everything from super loose credit to subprime buyers to zero-percent financing. The former is disappearing from the new car market, and now the latter is also going by the wayside, too, according to Bloomberg.Read more… Continue Reading at http://jalopnik.com

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Why U.S. Carmakers Could End Up Wishing They Never Asked For Weaker Fuel Economy Standards

Since President Donald Trump’s administration took office, the auto industry has been clamoring to have the strict fuel economy standards set by his predecessor reversed. On Monday, that process began with an announcement by Trump’s Environmental Protection Agency. But the automakers themselves could wind up seriously…Read more… Continue Reading at http://jalopnik.com

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Chevrolet Dealership Reportedly Backs Out Of Event Where EPA Chief Was Set To Axe Obama Pollution Rules

A Chevrolet dealership in Chantilly, Virginia has reportedly cancelled a planned event hosting EPA Chief Scott Pruitt tomorrow in a claimed effort to avoid the Chevy brand being associated with an expected announcement about the government rolling back Obama-era emissions standards and California’s right to set its…Read more… Continue Reading at http://jalopnik.com

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Trump Administration To Axe Obama-Era MPG Rules While Suggesting A War Against California Is Coming 

The U.S. Environmental Protection Agency’s administrator, Scott Pruitt, declared on Monday that Obama-era MPG rules were “wrong” and ordered them to be revised. Helpfully, Pruitt—who has repeatedly questioned the overwhelming scientific consensus on human-driven climate change—offered no specific guidance on how to…Read more… Continue Reading at http://jalopnik.com

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