Amazon testing GM’s electric delivery vans in sustainability push

Amazon testing GM’s electric delivery vans in sustainability push

(Reuters) – Amazon.com has been testing General Motors’ BrightDrop electric vans as part of its plan to bring 100,000 electric delivery vehicles on the road by the end of the decade, the e-commerce giant said on Friday.

A little more than a dozen vans are being tested, placing them among a fleet that includes electric vehicles built by Rivian, the company said. GM had sold 12 2024 model BrightDrop vans to Amazon in 2023. Continue reading “Amazon testing GM’s electric delivery vans in sustainability push”

Hyundai battery plant faces at least 2-3 month startup delay following US raid, CEO says

Hyundai battery plant faces at least 2-3 month startup delay following US raid, CEO says

Summary

  • Raid saw the detention of 475 workers, mostly South Koreans
  • Hyundai to source batteries from other plants during delay
  • Other LG plant workers asked to return home after raid

DETROIT, (Reuters) – A battery plant co-owned by Hyundai Motor is facing a minimum startup delay of two to three months following an immigration raid last week, Hyundai CEO Jose Munoz said on Thursday.

The Georgia plant, which is operated through a joint venture between Hyundai and South Korea’s LG Energy Solution was at the center of the largest single-site enforcement operation in the U.S. Department of Homeland Security’s history last week. Continue reading “Hyundai battery plant faces at least 2-3 month startup delay following US raid, CEO says”

Stellantis stops development on electric Ram 1500 pickup

Stellantis stops development on electric Ram 1500 pickup

DETROIT, (Reuters) – Stellantis is axing its Ram 1500 electric pickup, citing slow demand for full-size EV trucks, the company said Friday.

“As demand for full-size battery electric trucks slows in North America, Stellantis is reassessing its product strategy and will discontinue development of a full-size BEV pickup,” a company spokesperson said. Continue reading “Stellantis stops development on electric Ram 1500 pickup”

BYD and Tesla set to lose most from Mexico’s proposed tariffs on China

BYD and Tesla set to lose most from Mexico’s proposed tariffs on China

(Reuters) – Electric car rivals BYD and Tesla are set to be the biggest losers from Mexico’s proposed 50 percent tariff on autos imported from China, triggering a likely blow to the fast-growing electric car market in Mexico while sparing the traditional “Big Three” U.S. car manufacturers.

The proposed tariff, announced on Wednesday, targets electric and gasoline cars imported from all countries that Mexico doesn’t have a free trade agreement with, including South Korea, India, Indonesia and Russia. In practice, however, the tariff would mostly impact electric cars manufactured in China and sold in Mexico, industry analysts said. Continue reading “BYD and Tesla set to lose most from Mexico’s proposed tariffs on China”

Mexico not looking for conflict over tariff measures, president says

Mexico not looking for conflict over tariff measures, president says

Summary

  • Government in talks with ambassadors, president says
  • Mexico proposed 50% tariff on Chinese cars
  • Analysts point to pressure from US
  • China is Mexico’s top supplier of light vehicles

MEXICO CITY, (Reuters) – Mexican President Claudia Sheinbaum on Thursday said her government was not looking for a conflict with countries on which it plans to increase tariffs, including China.

“We don’t want a conflict,” Sheinbaum told a morning press conference, adding the measures were intended to boost Mexico’s economy and that her government was in talks with ambassadors from countries impacted by the proposed measures. Continue reading “Mexico not looking for conflict over tariff measures, president says”

US sues Uber, alleges discrimination against disabled riders

US sues Uber, alleges discrimination against disabled riders

Summary

  • People with guide dogs, wheelchairs allegedly denied rides
  • U.S. says Uber violated Americans with Disabilities Act
  • Uber denies wrongdoing, says riders deserve respect

(Reuters) – The U.S. government on Thursday sued Uber Technologies, accusing the ride-sharing company of violating federal law by discriminating against passengers with disabilities.

In a complaint filed in San Francisco federal court, the U.S. Department of Justice said Uber drivers routinely refuse to serve riders with disabilities, including people who travel with service animals or stowable wheelchairs. Continue reading “US sues Uber, alleges discrimination against disabled riders”

Global EV sales growth slows to 15% in August, research firm says

Global EV sales growth slows to 15% in August, research firm says

(Reuters) – Global sales of fully electric and plug-in hybrid vehicles grew 15% in August from a year ago, marking the slowest rate since January and reflecting tougher comparatives, market research firm Rho Motion said on Friday.

China’s EV sales growth, which averaged 36% a month in the first half, cooled to 6% in August. However, China sales are still expected to be strong in the fourth quarter as new funds become available for its subsidy schemes and the usual seasonal rebound, said Rho Motion data manager Charles Lester. Continue reading “Global EV sales growth slows to 15% in August, research firm says”

Govt, auto industry need to work together to achieve self-reliance in entire value chain: PM Modi

Govt, auto industry need to work together to achieve self-reliance in entire value chain: PM Modi

Source : PTI | Prime Minister Narendra Modi on Thursday stressed on the need of the government and the automobile industry to work together to achieve “true self-reliance” across the entire manufacturing value chain as India moves towards the vision of ‘Viksit Bharat’.

In his written address to the annual convention of Society of Indian Automobile Manufacturers (SIAM), Modi said as India advances towards global leadership in green and smart transportation, opportunities for investment and collaboration are immense. Continue reading “Govt, auto industry need to work together to achieve self-reliance in entire value chain: PM Modi”

Volkswagen India extends complete GST 2.0 price benefits across its model range

Volkswagen India extends complete GST 2.0 price benefits across its model range

Summary

  • Volkswagen India will pass on complete GST rate reduction benefits with revised prices effective September 22, 2025
  • GST rate reduction benefits will be applicable on Virtus, Taigun and Tiguan R-Line

Mumbai: Volkswagen India today announced the extension of complete GST rate reduction benefit to its customers across its entire model range. The new pricing will be effective from September 22, 2025. Continue reading “Volkswagen India extends complete GST 2.0 price benefits across its model range”

Italy’s Pirelli to supply carmaker Aston Martin with Cyber Tyre technology

Italy’s Pirelli to supply carmaker Aston Martin with Cyber Tyre technology

(Reuters) – British sportscar maker Aston Martin will adopt Cyber Tyre technology from Italy’s Pirelli for future vehicles, the two companies said in a joint statement on Thursday.

The Italian firm’s technology – which allows for the collection of data from sensors placed in its tyres – will be integrated into future Aston Martin models to interact with the vehicle’s driving and electronic control systems. Continue reading “Italy’s Pirelli to supply carmaker Aston Martin with Cyber Tyre technology”

Mexico to raise tariffs on cars from China to 50% in major overhaul

Mexico to raise tariffs on cars from China to 50% in major overhaul

Summary

  • Mexico to raise China auto tariffs to maximum level
  • New tariffs affect $52 billion in imports from countries without trade deals
  • Minister says measure will protect local jobs
  • Move seen as response to U.S. pressure

MEXICO CITY, (Reuters) – Mexico said on Wednesday it will raise tariffs on automobiles from China and other Asian countries to 50%, in a broad overhaul of import levies the government said would protect jobs and analysts said was aimed at placating the United States.

The Economy Ministry said the moves, which will increase tariffs to varying degrees on goods across multiple sectors including textiles, steel and automotive, would impact $52 billion of imports. Continue reading “Mexico to raise tariffs on cars from China to 50% in major overhaul”

Software-defined Vehicles as Catalysts for Growth in India’s Sustainable Mobility Future

Software-defined Vehicles as Catalysts for Growth in India’s Sustainable Mobility Future

New Delhi, 11 September 2025: The Special Plenary Session 2 at the 65th Annual Convention of the Society of Indian Automobile Manufacturers (SIAM) on “Embracing the Future: Strategic Development and Market Integration of Software Defined Vehicles (SDVs) in India” highlighted the role of software-driven vehicles in advancing sustainable mobility.

The opening remarks for the session was delivered by Session Chairman, Mr. Rajan Wadhera, Member, SCALE Committee, Government of India, Former President Automotive Sector, M&M. Former President SIAM. Continue reading “Software-defined Vehicles as Catalysts for Growth in India’s Sustainable Mobility Future”

Poor charging infra biggest barrier to EV adoption for Mumbai cabbies and auto drivers: Study

Poor charging infra biggest barrier to EV adoption for Mumbai cabbies and auto drivers: Study

Source : PTI | A staggering 85 per cent of Mumbai’s autorickshaw and taxi drivers are aware of electric vehicles (EVs), but most of them are unable to switch due to poor charging infrastructure, high costs, and limited financing options, as per a new perception study.

Maharashtra Transport Minister Pratap Sarnaik on Tuesday released the report of “Wheels of Change: Understanding EV Adoption for Mumbai’s Auto & Taxi Drivers,” a study conducted by Waatavaran Foundation and Climate Research Consultancy in collaboration with Asar and the Sustainable Mobility Network on the occasion of the World EV Day at the Indian Merchant Chamber here. Continue reading “Poor charging infra biggest barrier to EV adoption for Mumbai cabbies and auto drivers: Study”

Aim to make India’s auto industry no. 1 globally in 5 years: Gadkari

Aim to make India’s auto industry no. 1 globally in 5 years: Gadkari

Source : PTI | The government’s aim is to make India’s automobile industry number one in the world within five years, Union Minister

The future of Indian automobile industry is very good as the country has trained manpower, Gadkari said while addressing an event here, highlighting that all big automobile companies are present in the country. Continue reading “Aim to make India’s auto industry no. 1 globally in 5 years: Gadkari”

China’s producer deflation eases, helped by crackdown on price wars

China’s producer deflation eases, helped by crackdown on price wars

Summary

  • China’s August CPI down 0.4% y/y vs 0.0% in July
  • Food deflation deepens, core inflation climbs
  • August PPI falls 2.9% y/y vs down 3.6% in July
  • Policymakers step up efforts to curb price competition

BEIJING, (Reuters) – China’s producer deflation eased in August, suggesting Beijing’s efforts to rein in excessive competition and price cuts in key industrial sectors were starting to bear fruit, though analysts say manufacturers remain some way off from a reflationary cycle.

Data released by the National Bureau of Statistics (NBS) on Wednesday also showed consumer prices fell at the fastest pace in six months, reflecting food price volatility, but the core index rose to a 2-1/2-year high. Continue reading “China’s producer deflation eases, helped by crackdown on price wars”

‘In Europe to stay’: Chinese carmakers steal a leaf from VW’s playbook

‘In Europe to stay’: Chinese carmakers steal a leaf from VW’s playbook

MUNICH, (Reuters) – Chinese car makers are making inroads in Europe and executives say they are in the region to stay, underscoring a key reversal as brands from BYD to SAIC take market share on a continent where they once struggled to make sales.

At this week’s IAA Mobility car show in Munich, China’s auto firms – facing a tough price war at home – were increasingly bullish about their plans for Europe, dominated still by local brands such as Volkswagen and Renault. Continue reading “‘In Europe to stay’: Chinese carmakers steal a leaf from VW’s playbook”

European companies cut jobs in response to slowing economy
China cracks down on false auto marketing in three-month campaign

China cracks down on false auto marketing in three-month campaign

BEIJING, (Reuters) – China’s industry ministry on Wednesday said it would launch a three-month campaign to crack down on false marketing and other online irregularities in the automotive sector.

The crackdown comes after regulations were tightened in May against an extended price war that has bruised automakers, suppliers and dealers in the world’s largest auto market. Continue reading “China cracks down on false auto marketing in three-month campaign”

Hyundai raid sets Trump goals against each other

Hyundai raid sets Trump goals against each other

HONG KONG, (Reuters Breakingviews) – When two objects collide, they exert equal and opposite forces on each other. The same may be true for U.S. President Donald Trump’s increasingly conflicting goals of curbing immigration and bringing back high-tech manufacturing.

Last week’s high-profile raid at a Hyundai car battery facility in Georgia is the largest single-site enforcement in the history of the U.S. Department of Homeland Security’s investigative operations. Nearly 500 workers were arrested and detained. The incident and accompanying shocking visuals of hundreds of mostly South Korean workers shackled in chains quickly sparked a diplomatic crisis, testing already fragile bilateral relations between the two trading partners and security allies, not to mention a surge of anti-American sentiment in South Korea. Continue reading “Hyundai raid sets Trump goals against each other”

Valeo CEO backs minimum EU content in cars to aid region’s competitiveness

Valeo CEO backs minimum EU content in cars to aid region’s competitiveness

MUNICH, (Reuters) – Introducing a minimum requirement for European content in cars sold in the EU is vital for keeping the region’s auto sector competitive, Christophe Perillat, chief executive of French car parts supplier Valeo said on Wednesday.

The European Commission is in talks with carmakers and their suppliers on ways to secure the sector’s future as it navigates an expensive shift to electric vehicles, stiff competition from China and tariff uncertainty. Continue reading “Valeo CEO backs minimum EU content in cars to aid region’s competitiveness”

Stellantis sells engine making plant in Italy to group of industrial investors

Stellantis sells engine making plant in Italy to group of industrial investors

MILAN, (Reuters) – Carmaker Stellantis agreed on Wednesday to sell its Italian VM Motori engine making unit to a group of Italian investors who also control engine part maker Marval.

The transaction, for which no financial details were provided, is part of a wider Stellantis effort to reorganise its operations as the auto industry moves towards electrification, while contracting market demand in Europe reduces the need of traditional petrol engines. Continue reading “Stellantis sells engine making plant in Italy to group of industrial investors”

Auto dealer Tricolor files for bankruptcy, moves to liquidate

Auto dealer Tricolor files for bankruptcy, moves to liquidate

NEW YORK, (Reuters) – Auto dealer Tricolor filed for Chapter 7 bankruptcy in Texas court on Wednesday, moving to liquidate its business a day after Fifth Third Bank warned of alleged fraudulent activity at the company.

Tricolor, the third-largest used auto retailer in Texas and California, has more than $1 billion in assets and over $1 billion in liabilities, with more than 25,000 creditors, according to its bankruptcy petition. Continue reading “Auto dealer Tricolor files for bankruptcy, moves to liquidate”

‘China Inside’: How Chinese EV tech is reshaping global auto design

‘China Inside’: How Chinese EV tech is reshaping global auto design

Summary

  • Global automakers seek Chinese tech to overcome EV development hurdles
  • US, European brands explore global models on Chinese platforms
  • Concerns over long-term reliance on Chinese EV technology

SHANGHAI/MILAN, (Reuters) – When Audi executives first saw the Zeekr 001 in 2021, a long-range electric vehicle with European aesthetics, it was a wake-up call for the premium German auto brand – if it wanted to compete with the Chinese, it needed their technology. Continue reading “‘China Inside’: How Chinese EV tech is reshaping global auto design”

China’s luxury automaker Hongqi to launch 15 models in Europe by 2028

China’s luxury automaker Hongqi to launch 15 models in Europe by 2028

MUNICH, (Reuters) – Chinese luxury automaker Hongqi said on Tuesday that it would launch 15 electric and hybrid models in Europe by 2028 across 25 different markets as it also unveiled the EHS5, a compact electric SUV.

Hongqi, or Red Flag, known as former state leader Chairman Mao Zedong’s favoured car brand, already sells cars in several European markets, including Norway, the Netherlands and Poland. Continue reading “China’s luxury automaker Hongqi to launch 15 models in Europe by 2028”

Volkswagen to invest up to a billion euros in AI by end of decade

Volkswagen to invest up to a billion euros in AI by end of decade

MUNICH, (Reuters) – Volkswagen will invest up to a billion euros ($1.2 billion) in artificial intelligence by 2030, feeding the technology into every area of its business in a bid to unlock billions in savings, the German carmaker said on Tuesday.

The announcement was made on the first day of the IAA car show in Munich, Europe’s biggest, where European carmakers have gone on the offensive with electric model launches and technology revamps to combat Chinese competition. Continue reading “Volkswagen to invest up to a billion euros in AI by end of decade”

Exclusive: Tesla market share in US drops to lowest since 2017 as competition heats up

Exclusive: Tesla market share in US drops to lowest since 2017 as competition heats up

Summary

  • Tesla accounted for 38% of August US EV sales
  • Its July US market share down most since March 2021
  • Rivals launch new vehicles, offer steep incentives

SAN FRANCISCO, (Reuters) – Tesla’s (TSLA.O),  U.S. market share dropped to a near eight-year low in August as buyers chose electric vehicles from a growing stable of rivals over the aging lineup offered by CEO Elon Musk’s company, according to data from research firm Cox Automotive shared exclusively with Reuters. Continue reading “Exclusive: Tesla market share in US drops to lowest since 2017 as competition heats up”

Ford recalls 1.9 million vehicles over faulty rear-view camera

Ford recalls 1.9 million vehicles over faulty rear-view camera

WASHINGTON, (Reuters) – Ford (F.N), is recalling 1.9 million vehicles worldwide due to faulty rear-view cameras, the latest in a series of callbacks over the issue, the automaker said Tuesday.

The recall covers various 2015 through 2019 model year Lincoln MKC, Lincoln Navigator, Mustang, F-250, F-350, F-450, F-550, Expedition, Edge, Transit, Transit Connect, Econoline and Ranger vehicles because rearview cameras can display inverted, distorted, or blank images, Ford said in a filing with the National Highway Traffic Safety Administration. Continue reading “Ford recalls 1.9 million vehicles over faulty rear-view camera”

Musk’s pay package: How does Tesla get to $8.5 trillion in value?

Musk’s pay package: How does Tesla get to $8.5 trillion in value?

Summary

  • Musk’s pay tied to Tesla’s product and profit milestones
  • Tesla’s valuation depends on investor perception and growth potential
  • ARK has predicted Tesla’s market cap could reach $7 trillion-$10.9 trillion by 2029

SAN FRANCISCO, (Reuters) – How can Tesla (TSLA.O), become an $8.5 trillion company? That’s the market valuation the electric vehicle maker would have to reach to justify CEO Elon Musk’s new pay package announced last week. Continue reading “Musk’s pay package: How does Tesla get to $8.5 trillion in value?”

‘The party is over’ as European carmakers face tariffs and a price war in China

‘The party is over’ as European carmakers face tariffs and a price war in China

Summary

  • European automakers face radically changing sector
  • Volkswagen, Porsche, Mercedes launch revamps to compete
  • Fate of Chinese market, the world’s biggest, uncertain

MUNICH, (Reuters) – Whisper it quietly, but beneath the buzz of shiny new car models and bright lights at Europe’s largest car show, the industry sector is worried that their party is over. Continue reading “‘The party is over’ as European carmakers face tariffs and a price war in China”

Ferrari evokes spirit of 1980s with new 849 Testarossa hybrid

Ferrari evokes spirit of 1980s with new 849 Testarossa hybrid

Summary

  • New model replaces 2019’s SF90 Stradale
  • Ferrari to offer both coupe and retractable-top versions
  • 849 Testarossa coupe priced at $540,000 in Italy
  • Prices expected to be higher in U.S. due to tariffs

MILAN, (Reuters) – Ferrari (RACE.MI), on Tuesday completed a refresh of its hybrid range with the new 849 Testarossa sportscar, a tribute to the famous original Testarossa model of the 1980s. Continue reading “Ferrari evokes spirit of 1980s with new 849 Testarossa hybrid”

Anuj Guglani, Founder & CEO – WAF – World Auto Forum & Author – Oye Hoye!

Anuj Guglani, Founder & CEO – WAF – World Auto Forum & Author – Oye Hoye!

✨ Biography of Anuj Guglani

Anuj Guglani is a rare blend of engineer, entrepreneur, storyteller, and dreamer. Born and raised in Delhi, his childhood carried the warmth and chaos of 1980s India — an era that would later inspire his debut novel Oye Hoye!.

After finishing school at St. Xavier’s and Springdales in Delhi, Anuj went on to study Mechanical Engineering at Nagpur University, before completing an MBA at IIT Delhi and later earning a Law degree from the University of Delhi. These three worlds — engineering, management, and law — gave him the unique ability to look at problems not just from a technical angle, but also from business and regulatory perspectives.

Continue reading “Anuj Guglani, Founder & CEO – WAF – World Auto Forum & Author – Oye Hoye!”

Tesla blamed drivers for failures of parts it long knew were defective

Tesla blamed drivers for failures of parts it long knew were defective

Wheels falling off cars at speed. Suspensions collapsing on brand-new vehicles. Axles breaking under acceleration. Tens of thousands of customers told Tesla about a host of part failures on low-mileage cars. The automaker sought to blame drivers for vehicle ‘abuse,’ but Tesla documents show it had tracked the chronic ‘flaws’ and ‘failures’ for years.

Shreyansh Jain was ecstatic in March when he picked up his first electric vehicle, a brand-new 2023 Tesla Model Y. He used a sizable chunk of family savings to buy it with cash. Continue reading “Tesla blamed drivers for failures of parts it long knew were defective”

Insight: Why BYD’s EV exports sell for twice the China price

Insight: Why BYD’s EV exports sell for twice the China price

LONDON,(Reuters) – U.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. But so far, China’s top EV maker, BYD, has dramatically hiked export prices compared to what it charges at home rather than undercut foreign rivals.

The goal: to rake in hefty profit margins the automaker can’t get in China amid fierce competition.

In some foreign showrooms, BYD charges more than double — sometimes nearly triple — the price it gets for three key models in China, according to a Reuters review of the automaker’s pricing in five of its biggest export markets. Continue reading “Insight: Why BYD’s EV exports sell for twice the China price”

How Volvo landed a cheap Chinese EV on U.S. shores in a trade war

How Volvo landed a cheap Chinese EV on U.S. shores in a trade war

(Reuters) – A made-in-China electric vehicle will hit U.S. dealers this summer offering power and efficiency similar to the Tesla Model Y, the world’s best-selling EV, but for about $8,000 less.

The EX30 from Volvo Cars the Swedish luxury brand owned by China’s Geely (GEELY.UL) , foreshadows the fierce competitive threat U.S. automakers could face from Chinese EV manufacturers that have surged far ahead of global rivals, especially on affordability. Continue reading “How Volvo landed a cheap Chinese EV on U.S. shores in a trade war”

The inside story of Elon Musk’s mass firings of Tesla Supercharger staff

The inside story of Elon Musk’s mass firings of Tesla Supercharger staff

(Reuters) – The day before Elon Musk fired virtually all of Tesla’s electric-vehicle charging division last month, they had high hopes as charging chief Rebecca Tinucci went to meet with Musk about the network’s future, four former charging-network staffers told Reuters.

After Tinucci had cut between 15% and 20% of staffers two weeks earlier, part of much wider layoffs, they believed Musk would affirm plans for a massive charging-network expansion. Continue reading “The inside story of Elon Musk’s mass firings of Tesla Supercharger staff”

Leasing model behind Europe’s EV drive at risk of breakdown

Leasing model behind Europe’s EV drive at risk of breakdown

LONDON, (Reuters) – Low resale values for electric cars have pushed the leasing firms that drive Europe’s auto market to double prices over the last three years and some are threatening to quit the business altogether if regulators force them to go electric too fast, industry executives say.

The jump in prices for electric car leases comes as cuts in subsidies for new EVs in key markets such as Germany are hitting sales and risks stalling Europe’s electric transition, just when Brussels wants to step on the accelerator, the executives say. Continue reading “Leasing model behind Europe’s EV drive at risk of breakdown”

European automakers confront tariffs, Chinese rivalry at Munich car show

European automakers confront tariffs, Chinese rivalry at Munich car show

Summary

  • European automakers’ face tariff hikes, costly electrification
  • BMW CEO criticizes EU’s 2035 combustion-engine car ban
  • Chinese automakers gaining market share in Europe, China

MUNICH, (Reuters) – Major automakers will showcase their latest models at Munich’s car show on Monday as Europe’s automotive sector faces crises ranging from U.S. tariff hikes to costly electrification and the expansion of Chinese automakers on their home turf.

Aside from a product blitz to counter Chinese models being pushed to European consumers, including by BYD, Changan and GAC, domestic firms will focus on lobbying to persuade the European Union to reconsider its 2035 ban on combustion-engine cars. Continue reading “European automakers confront tariffs, Chinese rivalry at Munich car show”

China’s EV and hybrid sales growth at slowest in 18 months

China’s EV and hybrid sales growth at slowest in 18 months

Summary

  • Overall car sales slowest in seven months
  • Slower growth expected in fourth quarter, association says

BEIJING, (Reuters) – China’s August sales of electric vehicles and hybrids grew at the slowest pace in one and a half years as the government continues efforts to halt punishing price wars.

EV and hybrid sales outstripped gasoline cars for the sixth straight month in August, but annual growth cooled to 7.5% from 12% in July, China Passenger Car Association (CPCA) data showed on Monday. Continue reading “China’s EV and hybrid sales growth at slowest in 18 months”

Tesla’s ‘Super Ambitious’ $1 trillion deal for Musk could still pass shareholder muster

Tesla’s ‘Super Ambitious’ $1 trillion deal for Musk could still pass shareholder muster

Summary

  • Shareholders likely to approve Musk’s $1 trillion pay package
  • Critics argue package is excessive and sets bad corporate governance precedent
  • The board met 37 times with its lawyers and 10 times with Musk

NEW YORK, (Reuters) – Tesla’s $1 trillion, 10-year pay package to retain CEO Elon Musk is likely to be approved by shareholders at the company’s annual meeting in November even though the amount is staggering. Continue reading “Tesla’s ‘Super Ambitious’ $1 trillion deal for Musk could still pass shareholder muster”