Fisker said in its 2023 annual report that it may have to file for bankruptcy protection within 30 days if it does not get relief from its creditors. A forbearance agreement with one noteholder expires May 1.
Teardown expert Sandy Munro bought two Cybertrucks, one to tear down piece by piece and examine, and the other to drive. Munro, 75, detailed for Automotive News much of what he’s seen of the Cybertruck’s underpinnings.
A Massachusetts dealership has settled a lawsuit that accused two former employees of breach of loyalty, misappropriation of trade secrets and other claims for setting up a competing dealer-to-dealer digital marketing agency.
Veoneer appointed longtime Forvia executive Nik Endrud as its CEO, less than two months after being acquired by a New York private equity firm and after two other major sales of its business units.
After spending months trying to get her Chevy Impala back from a garage that abruptly closed, a Seattle woman was finally reunited with the car and had the $4,000 repair bill waived.