#LegalActions
Faraday Future is a Masterpiece of Nonfulfillment, Achieves Even More Debt
When Faraday Future showcased its new car at this year’s Consumer Electronics Show, everyone temporarily forgot the company was a structural and monetary dumpster fire. A large portion of that amnesia was the result of the extremely impressive presentation put on for the FF 91’s unveiling. Some of the visual effects used by Faraday in its presentations and propaganda marketing have been so impressive, it left me wondering who the company has trusted with those projects.
One company Faraday outsourced to was The Mill — a New York-based video production company that is suing Faraday for 1.8 million dollars over failure to pay it for a graphic presentation commissioned in September.
This is an exciting return to form for Faraday Future, which announced at CES that the construction of its Nevada factory — stalled due to similar payment issues — should continue shortly.
Volkswagen Gets the Weekend to Finalize Emissions Deal
Volkswagen Group has agreed to shell out $200 million into a reserve created to reduce diesel pollution, a stipulation in the pending agreements made over the 3.0-liter diesels that polluted well over the United State’s legal limit.
The finalized agreement between VW and U.S. lawmakers is expected to come by Monday, pending the company’s decision on what to do about the 80,000 Audi, Volkswagen, and Porsche vehicles with emissions-cheating diesel engines still on the road. Legal representatives for the carmaker, affected consumers, and the Justice Department have indicated that negotiations are still progressing, however VW may still have to go to trial if a final agreement isn’t reached soon.
TTAC News Round-up: Mitsubishi Has a Plan, Volvo Wants You Online, and FCA Throws Down
Mitsubishi confirms it is going to shoehorn another SUV into its lineup to tempt those utility-hungry Americans.
That, Volvo wants everyone to buy S90s from their beds, Fiat Chrysler isn’t having a dealer’s trash talk, UAW bolsters its ranks, and your gas is going up … after the break!
It's Saint Patrick's Day, Meaning It's Also DeLorean DMC-12 Day
Listen, we don’t want any trouble.
St. Paddy’s Day is a time for all of us — black and white, Irish and American, Catholic and Protestant and all those other religions — to come together and figure out how much green food coloring can be consumed before it has a laxative effect.
But, as we think of the Emerald Isle today, our minds can’t help but be reminded of a famous and totally ballin’ export from the troubled north — the DeLorean DMC-12.
Volkswagen Investors Want an Expensive Pound of Flesh
The numbers are big — 278 investors seeking $3.61 billion — but the latest lawsuit leveled at Volkswagen is merely another drop in the penalty bucket for the embattled automaker.
As has been expected for some time, a group of institutional investors from numerous countries is seeking compensation for financial damage caused by Volkswagen’s diesel emissions scandal, Reuters is reporting.
The lawsuit was filed Monday in a Lower Saxony court — the same jurisdiction as Volkswagen’s headquarters — and alleges the automaker breached its duty under capital markets law between the time the “defeat device” was first installed in diesel models and when the scandal went public last September.
Not So Fast With That Lawsuit, Guys: Volkswagen
An anticipated multi-billion dollar lawsuit from disgruntled Volkswagen shareholders is without merit, the embattled German automaker said on March 2.
A document made public by Volkswagen states that the suit, which alleges a violation of disclosure obligations under capital markets law, is doomed to fail following an examination by legal experts from both inside and outside of the company.
Employee Files Charges Against UAW, Ford Over Dues
Though it won’t be until next September when Detroit Three employees in Michigan will be able to opt-out of paying dues to the United Auto Workers, one Ford employee has gone ahead with legal action to recoup some of his dues now.
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