Weekend Round-Up: Tesla's Legal Woes, Ford's Rejig, Uber's Robotaxi Bet, Lucid's New CEO And CarMax's Q4 Preview
From Tesla Inc. facing potential billion-dollar lawsuits to Ford restructuring its Model E unit, there was no shortage of news in the auto world this week.
Meanwhile, Uber Technologies Inc. is betting big on Robotaxis, Lucid Group announced a new CEO and CarMax is gearing up for its fourth-quarter results.
Tesla’s Billion-Dollar Legal Troubles
Tesla’s legal issues could reportedly cost the company billions in settlement costs. The company is also facing multiple regulatory investigations, including a $500 million FSD investigation by the National Highway Traffic Safety Administration (NHTSA). CEO Elon Musk has defended the company’s Autopilot and FSD systems on social media, stating that they have saved many lives.
Ford’s Model E Unit Restructuring
Ford is establishing a new department within its ranks, the “Product Creation and Industrialization” department, to be led by COO Kumar Galhotra. This move is part of Ford’s aim to ...
Source: Benzinga