Ryan Salame, a former top lieutenant of FTX founder Sam Bankman-Fried, has been sentenced to 90 months, or seven and a half years, in prison, followed by three years of supervised release. Salame has also been ordered to pay more than $6 million in forfeiture and more than $5 million in restitution. The sentence is […]
A recently rehired Tesla Supercharger team member beautifully explained why he came back and gave a respectful nod to his former leader fired by Elon Musk. At this point, we have a fairly accurate picture of what happened with the firing of Tesla’s ~500 charging organization. As I described in my article ‘Elon Musk is […]
Hess Corporation shareholders on Tuesday approved the New York-headquartered oil company’s pending acquisition by Chevron for $53 billion, even as the timeline for when the deal may close has become increasingly murky with the companies locked in a dispute with Exxon Mobil. A majority of outstanding Hess shares voted in favor of the merger agreement, […]
New York City is on the brink of implementing congestion pricing, a bold move aimed at reducing traffic in Manhattan’s most congested areas. While this initiative promises to alleviate gridlock and generate funds for public transportation, it also means drivers will face additional costs to navigate through certain parts of the city. But what if […]
Hyundai is bringing on ex-Porsche and Apple exec Manfred Harrer to lead the development of its new luxury Genesis Magma brand. The appointment is expected to help accelerate Hyundai Motor’s (including Kia’s) transition to electric with “top-tier” EV leadership. Hyundai hires ex-Porsche, Apple Car exec Hyundai Motor announced Tuesday it had hired Harrer as executive […]
eVTOL jet developer Lilium has signed another pivotal partnership overseas that will bring aviation technology operations to the South of France and possibly other parts of Europe. The advanced air mobility startup is working with UrbanV out of Italy, and Aeroports de la Côte d’Azur forge to implement a vertiport network in the French Riviera, […]
Adam Lavington, director of digital transformation at Hertfordshire and West Essex ICB, told us that the main digital priorities at present for his ICB are around investing in “proven technology” in areas including supporting care in the community, offering more same day care, and reducing pressures on A&E. Examples include increased information sharing and falls […]
The Hyundai IONIQ 6 / Credit: Hyundai North America Last February there were nine EVs that leased for an average monthly cost of under $400 before tax and license. Since then, factory incentives have become even more attractive, and now four of those nine are leasing for under $300/month. A fifth EV, one that leased […]
Magna Steyr / Credit: Magna International Austria-based contract manufacturer Magna Steyr has confirmed that several Chinese OEMs are discussing the possibility of local EV production ahead of further sales in Europe. The decision may be swayed by the looming threat of tariffs Europe may impose on China as several automakers continue to expand to new […]
Despite the market moving toward EVs, Toyota, Subaru, and Mazda are committed to developing next-generation ICE engines. The new engines are “tailored to electrification” with integrated EV components. Toyota, Subaru, Mazda, double down on ICE engines Japanese automakers have been some of the biggest laggards in the transition to fully electric. As a result, Toyota […]
