Ford Gets Approval for Deferral on DOE Loan Payments

Ford Gets Approval for Deferral on DOE Loan Payments

The sun continues to shine on Ford, the automaker revealing Friday it received approval to defer some quarterly payments due on its U.S. Energy Department retooling loan. The automaker noted it will repay the loan on time by June 2022. Ford was awarded a $5.9 billion...
Miami Biz Owner Scams SBA to Get a Lamborghini Huracan Evo

Miami Biz Owner Scams SBA to Get a Lamborghini Huracan Evo

Automakers and suppliers have been suffering financially during the pandemic, and the federal government has provided assistance for small businesses with the Small Business Administration’s Payroll Protection Program. The PPP, as it’s known, allows businesses to get...
Hertz Gets Go Ahead to Sell 182K Vehicles from Fleet

Hertz Gets Go Ahead to Sell 182K Vehicles from Fleet

For those who saw rental car giant Hertz’s bankruptcy filing as a way to get a good deal on a used vehicle because the company would be selling off thousands of vehicles, it may be time to get that checkbook ready. Hertz Global Holdings Inc. met with its lenders and...
Tesla Goes After EV Rival Rivian in Court

Tesla Goes After EV Rival Rivian in Court

Tesla filed lawsuit against electric vehicle rival Rivian, which is preparing to launch its pair of electric vehicles in 2021, claiming the up-and-coming EV maker is violating the law to get a leg up. In court documents filed in the Superior Court of California of...
GM Pushes for Round Two in Legal Battle with Fiat Chrysler

GM Lawsuit Against FCA Tossed Out by Judge

General Motors’ lawsuit claiming rival Fiat Chrysler had corrupted officials of the United Auto Workers union in a bid to gain a competitive advantage, has been dismissed by a federal judge in Detroit. GM filed the high-profile lawsuit last November, but Judge Paul...
Appeals Court Nixes GM-FCA CEO Pow-Wow

Appeals Court Nixes GM-FCA CEO Pow-Wow

General Motors Co. appears to have won a small victory in its legal battle with Fiat Chrysler Automobiles N.V. as the U.S. Sixth Circuit Court of Appeals accepted GM’s petition to set aside a judge’s order mandating GM CEO Mary Barra and FCA CEO Mike Manley meet face...