All Automotive articles – Page 2
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ArticleTesla discloses new SEC subpoena over Elon Musk settlement
Electric car maker Tesla disclosed in a regulatory filing it received a subpoena from the SEC regarding its settlement with the regulator designed to rein in CEO Elon Musk’s Twitter posts.
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ArticleHiltrud Werner leaves legacy of integrity at Volkswagen
Hiltrud Werner, Volkswagen’s board member and head of integrity and legal affairs who steered the company through its U.S. compliance monitorship post-Dieselgate, discusses her indelible mark on the auto giant and her future aspirations.
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ArticleHyzon Motors discloses SEC subpoena following short seller report
Hyzon Motors, a global supplier of hydrogen fuel cell-powered heavy vehicles, said it received a subpoena from the Securities and Exchange Commission regarding allegations raised in a short seller report in late September.
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ArticleLordstown Motors names new general counsel amid SPAC probes
Lordstown Motors, currently under investigation by the Justice Department and the SEC, announced the appointment of Melissa Leonard as executive vice president, general counsel and secretary.
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ArticleNikola to pay $125M to settle SEC fraud charges
Electric semitruck startup Nikola agreed to pay $125 million to settle charges brought by the SEC for defrauding investors by misleading them about its products, technical advancements, and commercial prospects.
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Toyota Financial Services tabs chief legal and compliance officer
Toyota Financial Services, a subsidiary of automaker Toyota Motor Corp., has promoted Ellen Farrell to group vice president and chief legal and compliance officer.
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ArticleVolkswagen integrity head Hiltrud Werner to depart in board reshuffle
Hiltrud Werner, board member responsible for integrity and legal affairs at Volkswagen and a key figure in the Dieselgate monitorship, will leave the German automaker on Feb. 1, 2022, as part of a series of managerial changes.
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ArticleLucid Group facing SEC subpoena over recent SPAC merger
Lucid Group said it received a subpoena from the Securities and Exchange Commission concerning its special purpose acquisition company merger this summer.
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PremiumTop ethics and compliance failures of 2021
Systemic risk management lapses at a financial services firm, allegations of toxic culture at a video game giant, and more of the same baffling behavior from one of the world’s largest tech companies comprise CW’s list of the biggest ethics and compliance fails of 2021.
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ArticleHow agile companies succeed in the throes of supply chain woes
In the midst of unimaginable global supply chain chaos, leading companies are adjusting their supply chains in a variety of ways, turning disruption into competitive advantage.
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ArticleVolkswagen not resting on laurels post-monitorship
Volkswagen CCO Kurt Michels shared how the company has intensified business partner due diligence in the wake of completing its three-year U.S. monitorship during a fireside chat at CW’s virtual Europe event.
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ArticleNHTSA issues first-ever whistleblower award of $24M to Hyundai insider
A former Korean safety engineer with Hyundai will receive the first whistleblower award from the National Highway Traffic Safety Administration: A $24.3 million payment for information regarding engine safety issues in 1.6 million Hyundai and Kia vehicles sold in the U.S.
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ArticleNikola sets aside $125M in potential SEC settlement
Electric semitruck startup Nikola has set aside $125 million for a potential settlement with the SEC regarding fraud allegations raised in a short-seller report in September 2020.
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Cooper Standard appoints chief accounting officer
Cooper Standard, a global supplier of sealing and fluid handling systems, has appointed Rebecca McCabe as vice president, chief accounting officer.
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ArticleNikola founder Trevor Milton charged with fraud over misleading statements
Trevor Milton, the founder and former CEO of electric truck startup Nikola, was indicted and charged with fraud regarding inaccurate information he shared about the company in media appearances and on social media.
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ArticleLordstown Motors confirms DOJ, SEC probes into SPAC merger
Electric vehicle manufacturer Lordstown Motors disclosed in a regulatory filing it has received scrutiny from the Justice Department and the Securities and Exchange Commission regarding its SPAC deal and preorders of its flagship truck.
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Ford names general counsel
U.S. automotive giant Ford announced the appointment of Steven Croley as general counsel and chief policy officer.
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ArticleBig week for breaches: McDonald’s, Carnival, and more
Multiple high-profile companies—including Carnival, Wegmans, McDonald’s, Volkswagen, and CVS—have confirmed in recent days they were either victims of a data breach or were alerted to a gap in their security controls.
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ArticleVolkswagen secures $21.7M in executive clawbacks for Dieselgate roles
Volkswagen’s supervisory board announced agreements to recover €17.8 million (U.S. $21.7 million) in compensation from former executives and board members for their respective roles in the Dieselgate emissions scandal.
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PremiumChapter 5: Volkswagen’s path to winning back trust
Its monitorship now complete, Volkswagen’s new focus is to rebuild its reputation among its customer base. It’s a long process, says Board Member Hiltrud Werner, one supported by a shift in strategy.