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jetcityimage/iStock Editorial via Getty Images Tesla (NASDAQ:TSLA) has reached a “conditional” settlement with Rivian Automotive (NASDAQ:RIVN) over poaching employees to steal trade secrets, Bloomberg reported late Friday, citing court documents. According to the report, Tesla didn’t disclose specific details about the settlement in court Source link
Four years after alleging that the company poached its employees with a goal of obtaining trade secrets, the two appear to be nearing a resolution. According to , Tesla says it’s reached a “conditional” settlement with Rivian and expects to seek the case’s dismissal by December 24. In the lawsuit filed in 2020, Tesla claimed […]
Volkswagen Group raised its investment in Rivian by 16% to $5.8bn (about R104,845,488,720), the two carmakers said on Tuesday, as the companies kick off their planned joint venture to develop electric vehicle architecture and software. Shares in the US EV maker, valued at more than $11bn (about R198,846,869,100), rose nearly 9% in extended trading on […]
A stop sign stands near the Tesla logo at the Tesla factory on July 17, 2023 near Gruenheide, Germany.Photo: Sean Gallup (Getty Images) Good morning! It’s Monday, October 21, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important […]
Police in California are experiencing what happens when good intentions crash into reality. Police departments are transitioning to battery powered vehicles but those vehicles come with challenges that make cops’ jobs more difficult. – Erin Marquis Read More Read more… Source link
The new Rivian R1T pickup is the fabulous EV glamping truck you didn’t know you needed. This unique EV truck has all kinds of features you need, plus a few you never even thought of. Come along on our test drive of the Rivian R1T and decide for yourself if this is your next daily […]