The U.S. Department of Justice charged two Volkswagen engineers, Michael Stamp and Marcus Plank, with securities fraud for allegedly using confidential information about Volkswagen's joint venture with Rivian to make over $300,000 in illegal profits. They bought Rivian stock and options before the public announcement of the $5.8 billion joint venture, which caused Rivian's stock to jump 23%. Both were arrested and face up to 25 years in prison if convicted. This case highlights the DOJ's commitment to enforcing fair market practices and punishing insider trading.
Rivian has filed a lawsuit against the U.S. government seeking a full refund of tariffs it paid under President Trump's 'Liberation Day' taxes, which the Supreme Court later ruled unconstitutional. The automaker aims to secure tens of millions of dol...
The US National Highway Traffic Safety Administration (NHTSA) will start creating new safety rules for automakers to ensure drivers and passengers can safely exit vehicles. This move follows incidents, including fatal ones, where people were trapped ...
