Tesla board member says Musk doesn’t mind bankruptcy if a rival builds a better car: ‘That’s his philosophy’

Elon Musk remarked that he would not brain Tesla going bankrupt if it implies a rival corporation builds a much better car, in accordance to a member of the firm’s…

Lightyear’s Operating Company Enters Bankruptcy

The Dutch EV startup Lightyear’s running enterprise, Atlas Systems BV, enters personal bankruptcy times just after output of its initially EV was halted. The business to begin with introduced suspended…

EV start-up Electric Last Mile Solutions to declare bankruptcy

The ELMS Urban Shipping and delivery, expected to launch afterwards this yr, is anticipated to be the first Course 1 professional electric powered car offered in the U.S. market place…

Hertz Exits Bankruptcy, Expects ‘Strong Financial Results’ in 2021

Justin SullivanGetty Photographs Motor vehicle rentals have been down previous year—you get 1 guess why—and that helped plunge the presently battling Hertz into bankruptcy in early 2020. Even however the…