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Federal judge throws out GM's racketeering lawsuit against Fiat Chrysler

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A federal judge on Wednesday threw out a racketeering lawsuit General Motors Co had filed against smaller rival Fiat Chrysler Automobiles NV , saying the No. 1 U.S. automaker's alleged injuries were not caused by FCA's alleged violations. GM officials said in statement they "strongly disagree" with the order by U.S. District Court Judge Paul Borman, whom the automaker had sought to have removed from the case, and would appeal. "There is more than enough evidence from th

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Federal judge throws out GM's racketeering lawsuit against Fiat Chrysler originally appeared on Autoblog on Wed, 8 Jul 2020 19:59:00 EDT. Please see our terms for use of feeds.

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Elon Musk approaches $1.8 billion bonanza

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Fueled by stronger-than-expected car deliveries, shares of Tesla have surged over 40% in the past seven sessions, elevating the company's market capitalization to $259 billion. More important for Musk's personal finances, Tesla's six-month average market capitalization has reached a record $138 billion. Hitting a six-month average market capitalization of $150 billion would trigger the vesting of the second of 12 tranches of options granted to the billionaire to buy Tesla stock as part of his

Continue reading Elon Musk approaches $1.8 billion bonanza

Elon Musk approaches $1.8 billion bonanza originally appeared on Autoblog on Wed, 8 Jul 2020 19:53:00 EDT. Please see our terms for use of feeds.

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