Ray Mikiciuk left American Honda in 2019 and worked for Victory Automotive Group before joining Volkswagen of America on Oct. 26 as senior vice president of sales.
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The trade commission delayed the target date for its decision on the case to Dec. 10. An adverse ruling could lead to the import ban of SK Innovation's EV batteries and necessary components, potentially causing setbacks for Volkswagen and Ford.
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Tesla ranked third from last among luxury brands, followed only by Cadillac and Genesis. Tesla scored a 520, 29 points lower than its score of 549 in 2019.
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The automaker said in a regulatory filing that it projects spending could almost double in each of the next two years, rising to a range of $4.5 billion to $6 billion.
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Musk’s total Tesla compensation package -- the largest corporate pay deal ever struck between a CEO and a board of directors -- includes about 101 million options, split into 12 installments, that could yield Musk more than $50 billion if all goals are met.
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Polestar parent Zhejiang Geely Holding wants to open a factory with annual capacity of 30,000 premium EVs in Chongqing, China, Reuters reported.
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Following feedback from rivals and customers, the automakers only had to tweak the wording of their concessions to EU antitrust regulators, sources told Reuters.
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Analysts said the operating loss was not as deep as expected as the automaker enjoyed solid sales in the quarter backed by increased demand in the U.S. and emerging markets such as India.
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The company has generated more than twice as much by selling regulatory credits to competitors as it has reported in net income over the past 15 months.
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Bob Carter, head of sales for Toyota and Lexus in North America, said dealer profitability in the U.S. is up 32 percent year-over-year on higher transaction prices and strong retail demand, while production is almost back to pre-COVID levels.
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