Accused of presenting unfair competition for rival dealerships and violating state franchise laws, Tesla Motors can now exhale after a Massachusetts judge denied a request by dealers for a preliminary
injunction against the electric car maker and its retail stores.
To get an injunction in Massachusetts, as in federal court, plaintiffs must show that they are likely to prevail in the case or will otherwise suffer irreparable harm. Apparently, that's not the case, here.
Robert O'Koniewski, executive vice president of the Massachusetts association, says the group is considering an appeal.
"Dropping the lawsuit is not an option at this point," he told Automotive News. "We feel very strongly that Tesla is operating a factory store outside parameters of our franchise law and our license law, and they are operating that store illegally.''
Source: Automotive News
Sia Ka Tian, a 70-year-old taxi driver in Singapore, recently made a shocking discovery after dropping off some customers: A plastic bag filled with dollar bills had been left on the back seat.
Tian initially estimated the loot at more than $200,000 SGD. However, back at the central, the department of lost items announced that the bag actually contained $1.1 million SGD, the equivalent of about $900,000 CAD!
Incredibly, Tian returned all the money to its rightful owners, a couple from Thailand. ''I don't care about the money; it doesn't belong to me. What would I do with it?'' he reportedly told The Straits Times.
Tian ended up getting a monetary reward from the couple for his good deed.
A similar story happened in 2009, with a Singapore cab driver returning $377,000 SGD worth of ingots to their owners.
Sources: Lapresse
From press release
The Coca-Cola Company will return to Formula 1 in January 2013 through its global energy brand “burn” in a multi-year sponsorship of Lotus F1 Team.
Details of the sponsorship will be revealed in 2013 when the partnership officially launches.
Burn is available in more than 80 countries throughout Europe, Asia, Africa and Latin America.
“We are proud that The Coca-Cola Company has chosen Lotus F1 Team as the best vehicle to represent the burn brand in its most high profile partnership,” said Eric Boullier, Team Principal, Lotus F1 Team.
“We are excited to partner with burn to build a new and innovative model for sponsorships that will combine experiences, content creation and social media ; an area in which our team has been at the cutting edge in Formula 1 for the past 18 months, recording the highest growth rate amongst fans this year."
More details about the deal will come later.
General Motors agreed to buy the rest of Ally Financial's international auto-finance businesses in a deal with proceeds of $4.2 billion as the carmaker seeks to spur rebounds in Europe and South America.
General Motors agreed to buy the rest of Ally Financial Inc.'s international auto-finance businesses, including operations in Europe, in a deal with proceeds of $4.2 billion.
Toyota said it is recalling about 150,000 Tacoma pickup trucks because the spare tires can fall from beneath the trucks. The trucks -- built for the 2001 to 2004 model years -- were sold or registered in 20 cold-weather states and Washington, D.C.
Hyundai Capital America, the U.S. auto finance unit of Hyundai Motor Co., has asked banks for proposals for a new $1.2 billion three-year revolving credit line.
Also in this episode: Audi makes our day by announcing an expanded lineup of diesels bound for the U.S.
Polestar takes factory Volvos, tunes them up to 11 and releases them on the unsuspecting public. You can buy a
The Porsche 911 is turning 50 next year, but instead of a gold ring, the Amelia Island Concours is gathering a boatload of
Auto sales in the United States are rebounding after Superstorm Sandy cut sales in late October and early November, and this month should show a 12 percent increase from a year before, consultancies J.D.
Germany's new car market should shrink by about 6.5 percent to around 2.9 million vehicles in 2013 from 3.1 million in the current year, the German Federation for Motor Trades and Repairs (ZDK) said on Wednesday.
General Motors CEO Dan Akerson is selling his 1958 Chevy
Nissan's revamp of its Leaf EV includes a lower cost no frills version for Japan in an effort to lift its sales.
Renault is recalling three quarters of its Twizy electric cars sold in Europe to rectify potential problems with brake fluid leaks.
Jaguar and Land Rover will debut three new vehicles at the
Jaguar Land Rover is highlighting the challenge facing the UK supply chain and OEMs as the automaker and other major manufacturers gear up to take advantage of a relatively benign British automotive environment that could see production levels of 2.2m units by 2019.
Flexibility surrounding tooling finance will form a key component in addressing supplier needs during the next year, say consultants, KPMG.
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