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Carlos Ghosn's Superyacht To Be Seized As Part of Legal Ruling

The Truth About Cars

Several years after the disgraced auto exec fled to Lebanon, the British Virgin Islands High Court ruled that he must surrender a superyacht allegedly purchased using funds he siphoned away from the automaker. The former Nissan and Renault executive’s legal troubles continue elsewhere as well.

Legal 104
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Toyota-backed U.S. self-driving startup garners $67 million investment

Teslarati

May Mobility says it has technology that’s the equivalent of Level 4 automated driving, which means that the vehicles won’t be required to have a driver at certain points and in regions where it’s designated as legal, according to Society Automotive Engineers (SAE) autonomy designations.

Toyota 115
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General Motors to Move from Long-Running Detroit HQ Into a New Location Across Town

The Truth About Cars

General Motors recently announced a move from the Renaissance Center (RenCen), the building it purchased in 1996, to a new location at the Hudson’s Detroit building further north. He did say that GM’s executives and corporate offices, including finance, legal, and other departments would make the move.

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Dealer Groups are Up In Arms About Potential for Scout and Sony Afeela to Sell Cars Directly to Buyers

The Truth About Cars

They warned that federal and local laws could prohibit selling directly to consumers and said that the groups could pursue legal options if they attempted to do so. The group placed an ad in the April 15 issue of Automotive News and has collected support from all 50 state and 21 metro-area dealer associations.

Dealers 103
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Electric Saab Emily GT May Get Second Life Under New Investors

The Truth About Cars

A Chinese company purchased the new entity and faced bankruptcy before a group of investors stepped in to save it, which& could revive plans & for a new 600-mile EV. & & The mysterious newly formed company plans to start car production, though it might use the Saab name for legal reasons.

Sweden 98
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Former Lordstown CEO Given Permission to Buy Back Company Assets for $10 Million

The Truth About Cars

& With so many EV startups turning out to be little more than legal Ponzi schemes, many felt Lordstown had a real chance of producing something tangible. It had a physical factory it purchased at a massive discount from General Motors and a business plan that ended with all-electric pickups being produced in meaningful volumes. .&

Buy 113
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After Tesla trademarked ‘CYBERBACKPACK,’ the product’s inventor sits at a crossroads

Teslarati

“I began designing and building what would become the Cyberbackpack,” Riz said in a blog post he published shortly after reports of Tesla trademarking the name. Tesla could technically argue the same thing, legal experts told us. People may see the Cyberbackpack’s design and immediately think Tesla designed it.

Tesla 102