Certain members of Faraday Future Intelligent Electric’s management team received a subpoena from the U.S. Securities and Exchange Commission as part of a probe into inaccurate statements made to the EV company’s investors. “An internal review had in February identified certain inaccurate statements and the company cut the base salaries of its Chief Executive Carsten Breitfield and founder Jia Yueting, asking them to report to newly appointed Executive Chairperson Susan Swenson,” said Driving. (Source: Driving) Read the original article.
Hybrids are exceptionally reliable: Consumer Reports
Hybrids are a great choice for reliability, according to a the latest Consumer Reports survey, with the Ford Maverick, Toyota Corolla, and Lexus NX rated among the most reliable. Hybrid cars and hybrid SUVs ranked first and third, respectively, in …
Eek, another Tesla steering wheel falls off while driving
In a post targeting Tesla CEO Elon Musk in January 2023, Twitter user Prerak posted photos and details of a “horrific” experience with his brand-new Tesla Model Y all-electric SUV: The steering wheel reportedly came off while the vehicle was …
The five coolest new auto tech offerings from 2022
Cool features sell cars, point blank. This has been a known fact by dealerships for years, as 8-tracks were swapped for CD players and the digital dashboard added on a head-up display. Anti Lock brakes, electronic stability control, and pedestrian …
Carvana may be failing but online buying is here to stay
Once touted as the Amazon of used cars, online retailer Carvana seems to be nearing the end of its formerly successful existence. With an abundance of inventory, rising interest rates, and record losses, Wall Street analysts are saying Carvana’s collapse …
Mini celebrates “driving stick” with new models and driving academy
Mini surveyed 1012 adults 18 and over from the general population and asked them what they thought of manual transmissions. The survey said 63 per cent of all respondents agree that learning how to drive a manual is an important …
New fast charging stations can recharge in under 15 minutes
Reducing the charging time of electric vehicles is crucial to increasing their popularity with the general public. In order to do so, FLO, a Quebec-based manufacturer of electric vehicle charging stations has unveiled a new model of charger that could …