Unsecured lenders want to convert their holdings into shares of the reorganized company, which could be traded publicly, Bloomberg reported. That would counter a plan to sell the car rental giant to two investment funds for as much as $4.2 billion.
Investors have been jumping into EV stocks following the election of President Joe Biden, who they expect will unleash a slew of clean-energy policies.
In a redacted version of its full 96-page opinion, the ITC questioned why the second largest U.S. automaker had continued to pursue battery contracts with SK Innovation “after SK’s misconduct in this investigation had come to light.”
Full-electric vehicles are expected to account for more than 70 percent of the brand’s European sales by 2030, VW said as it unveiled its ‘Accelerate’ strategy.
Outta Control Magic Comedy Dinner Show, a staple of WonderWorks Orlando, plans first comeback dates.