News
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Grupo Antolin’s Own Bondholders Say the Restructuring Vote Was Rigged. They Want the Case Kicked to Michigan.
Grupo Antolin told a New York bankruptcy judge in July that its Chapter 15 case wasn’t really a bankruptcy at all, just a polite request to let a Spanish restructuring run its course without American creditors getting in the way. That argument worked well enough to get the company provisional protection at its first-day hearing.…
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A Billion-Dollar Kentucky Battery Plant Went Bankrupt, Got Fined By The DOJ, And Is Now Owned By The Contractor It Never Paid
The Department of Justice just closed the books on a $7.5 million fraud settlement involving a battery plant in western Kentucky. That sounds like the headline. It isn’t. The real number in this story is zero, as in the amount of federal grant money the Department of Energy has left to give Ascend Elements, the…
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Toyota And Hyundai Are Being Investigated Over Your Driving Data. GM Already Wrote The Playbook For How This Ends.
Somewhere in Canberra, government lawyers are trying to work out exactly what a Toyota RAV4 knows about the person driving it, who else has seen that information, and whether anyone actually agreed to any of it. Strip away the regulatory language, and that is what a new investigation into Toyota and Hyundai actually amounts to.…
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Kia ‘Fixed’ Its Telluride’s Flaming Seats In 2024. The Fix Could Catch Fire, Too.
Kia just told the owners of 462,869 Tellurides to park their SUVs away from the house because the driver’s seat might catch fire. That instruction should sound familiar. Kia said almost the exact same thing about many of these same trucks two years ago. What makes this recall worth stopping on isn’t the fire risk.…
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BYD’s Commercial Trucks Grew 183% In July. Its Passenger Cars Are The Ones Actually In Trouble
Somewhere inside BYD’s July sales numbers is an admission the company will never put in a press release. The business that made it the most-discussed automaker on the planet isn’t what grew last month. The vans and delivery trucks nobody outside the freight industry pays attention to are. That’s the real story here, and it’s…
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Tesla’s 1.2 Million-Car Suspension Probe: What NHTSA’s Filing Actually Reveals
Wall Street decided this one was noise. The engineering paperwork says otherwise. On July 29, NHTSA’s Office of Defects Investigation opened Preliminary Evaluation PE26006, covering an estimated 1,198,300 Teslas — 2018-2020 Model 3 sedans and 2021-2023 Model Ys. The subject is the front lower lateral link detaching from the subframe. ODI has logged 156 complaints.…
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Wall Street Says Wireless Car Updates Are a $17 Billion Business. The Real Payoff Is Making Your Recall Invisible
Somewhere in the next year, your car might get recalled and you’ll never know it happened. No letter in the mailbox. No appointment at the dealership. No case number to lose on a sticky note. Just a software patch that lands overnight while the car sits in the driveway, quietly fixing a problem nobody ever…
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California’s 100-MPH Crackdown Isn’t a New Law. It’s an Old One Wearing a Radar Gun
California has run this play before, just never on speeders. For thirty-five years the state has had a legal tool that lets it pull a driver’s license before a judge ever weighs in, running on a completely separate timeline from whatever happens in court. Historically, that tool was reserved for drunk driving. As of this…
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Alpine’s US Launch Plan Has Quietly Shrunk — Here’s What Renault’s Own Documents Show
Alpine’s American plan is one of those stories where the paperwork tells you more than the interviews do. Go back to June 2023, when Renault Group gathered press and investors at Enstone and laid out where its sports car brand was going. The press release is unambiguous: a seven-model range by 2030, including a roadster…
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BMW Spider-Man Dash Ad: How It Got Into Your Car And Why Nobody Can Stop It
BMW picked a strange hill to build its first billboard on. If you own a BMW built after July 2020 and you started it any time in the past week, you may have been greeted by a banner promoting a Sony Pictures release. Tap it and the center screen hands itself over to a full-screen…
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Mercedes’ Next EVs Are Being Built From Scrapped Cars. The Real Reason Has Nothing To Do With Saving The Planet
Somewhere in Norway, an aluminum smelter running mostly on hydroelectric power is melting down old bumpers, engine cradles, and scrapped building parts so Mercedes-Benz can stamp that metal into the structure of its next generation of large electric vehicles. Mercedes and its supplier, Hydro, are framing this as a sustainability milestone. It’s really a hedge…
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Tesla’s Test Drives Have No Chaperone. A Torched Hair Salon Just Showed Why That Matters
Tesla doesn’t work that way, and a new $10.3 million lawsuit out of Arlington, Virginia shows exactly what happens when a car company skips the one habit every dealership in America built its business around. The regenerative braking didn’t fail. The sales process did. According to a lawsuit reported by CarComplaints.com, Alemzewd Lawgalet had never…
