The board’s statement comes as the Tesla CEO appears to be maneuvering to ditch or renegotiate his offer. Musk said last week that the deal was “on hold” until he gets more information.
Hyundai and Kia plan to invest $16.5 billion to boost EV production in South Korea, including building a new factory that would ultimately have the capacity to produce around 150,000 cars a year.
Expanded travel, money flow to Cuba will roll out slowly, analysts say
New U.S. travel and remittance policies toward Cuba are likely to be implemented slowly and will be more restrictive than those under President Obama as the Biden administration steers through choppy election year waters.
Policy changes approved by state insurance commissioner violate policyholders’ rights, lawsuit says
Insurance policy changes recently approved by the state’s insurance commissioner for two companies violates policyholder rights enshrined under state law and Florida’s constitution, according to a lawsuit by Restoration Association of Florida and a company controlled by the association’s president.