The joint venture between Hyundai Motor Group and global supplier Aptiv says it will open an operations hub in Los Angeles and begin tests there soon. It’s one part of a broader California expansion.
The automaker reported domestic China shipments of just 8,621 units in July, a 69 percent plunge from June.
The Daimler-backed startup is the latest company looking to cash in on Wall Street, Reuters reported.
Arbitration typically keeps disputes between employees and companies secret, but court filings reveal that the arbitrator found Berry’s allegations more credible than Tesla’s denials.
Faurecia and Plastic Omnium, which both have smaller market values than Hella, are both planning capital increases to fund the potential acquisition if successful, sources told Bloomberg