RJ Scaringe, speaking at the Bernstein Strategic Decisions Conference, said there aren’t enough compelling electric vehicles to get more U.S. customers out of their internal combustion models.
BorgWarner Inc. has named a new COO and plans a restructuring of its business units, both of which take effect July 1.
Jose Muñoz called bringing Hyundai’s highest-volume EV to the Metaplant a ‘no-brainer.’
By TOM KRISHER (AP Auto Writer)
DETROIT (AP) — A second shareholder advisory firm has come out against reinstating a pay package for Tesla CEO Elon Musk that was voided earlier this year by a Delaware judge.
ISS late Thursday joined Glass Lewis in recommending against the package, recently valued by the company at $44.9 billion but in January had a value of about $56 billion.
Shareholders of the electric vehicle and solar panel company are voting on the package, with the results to be tabulated at Tesla’s June 13 annual meeting.
ISS said in its recommendations on Tesla’s proxy voting items that Musk’s stock-based package was outsized when it was approved by shareholders in 2018, and it failed to accomplish board objectives voiced at that time.
The firm said that Tesla met the pay package’s performance objectives, and it recognized the company’s substantial growth in size and profitability. But concerns about Musk spending too much time on other ventures that were raised in 2018 and since then have not been sufficiently addressed, ISS said.
SpaceX knocked out another Starlink launch from the Space Coast on Friday night.
A Falcon 9 carrying 23 of the company’s internet satellites managed a liftoff at 10:37 p.m., the very end of a four-hour window from Cape Canaveral Space Force Station’s Space Launch Complex 40.
The first-stage booster made its 14th flight with a recovery landing downrange in the Atlantic on the droneship A Shortfall of Gravitas. It marked a record turnaround for the droneship that supported a Starlink flight from Cape Canaveral just under 84 hours earlier.
This was the 41st launch from the Space Coast with all but two coming from SpaceX.
NASA astronauts back at it to try for 1st human spaceflight of Boeing’s Starliner
United Launch Alliance has flown the other two, but has its third lined up for Saturday with the planned launch of an Atlas V topped with a Boeing CST-100 Starliner taking NASA astronauts Butch Wilmore and Suni Williams on a trip to the International Space Station.
That launch from Canaveral’s nearby Space Launch Complex 41 is targeting a 12:25 p.m. liftoff.