Lyft reaches $25 million settlement of claims it hid safety problems before IPO REUTERS Lyft Inc (LYFT.O) has reached a $25 million settlement to resolve shareholder claims that the ride-hailing company concealed safety problems, including sexual assaults by drivers, prior to its 2019 initial public offering. read more »
Porsche to pay $80 mln to resolve fuel economy claims on U.S. vehicles REUTERS Volkswagen AG (VOWG_p.DE) and its Porsche AG unit have agreed to a class-action settlement worth at least $80 million to resolve claims it skewed emissions and fuel economy data on 500,000 Porsche vehicles in the United States, court documents show. read more »
Ford recalls 3.3 million vehicles over rollaway concerns REUTERS Ford Motor Co (F.N) is recalling more than 3.3 million vehicles in North America that could roll away because a damaged or missing part may prevent the vehicle from shifting into the intended gear. read more » Tesla, Honda among those to report advanced driving systems vehicle crashes-U.S. REUTERS
Ford recalls 49,000 U.S. Mach-E EVs over potential power loss REUTERS Ford Motor Co (F.N) said Tuesday it is recalling about 49,000 Mustang Mach-E electric vehicles in the United States because a part could overheat and result in a loss of driving power. read more »
Bitcoin plunges below $24,000 and the crypto meltdown claims another casualty CNN Bitcoin and other cryptocurrencies plunged Monday, and two of the world's biggest cryptocurrency platforms restricted activity as the market meltdown continued apace. read more »
U.S. agency upgrades Tesla Autopilot safety probe, step before possible recall REUTERS The National Highway Traffic Safety Administration (NHTSA) on Thursday said it was upgrading its probe into 830,000 Tesla (TSLA.O) vehicles with its advanced driver assistance system Autopilot, a required step before it could seek a recall. read more » Is your car one of millions in the U.S. under safety recall? CBS17
U.S. SEC chief unveils plan to overhaul Wall Street stock trading REUTERS The top U.S. securities regulator on Wednesday proposed rule changes to transform how Wall Street handles retail stock trades after the meme stock mania last year raised questions about whether mom-and-pop investors were getting the best price. read more » Whistleblower sues Eli Lilly over drug manufacturing problems REUTERS
How Safe Are Systems Like Tesla’s Autopilot? No One Knows NEW YORK TIMES Every three months, Tesla publishes a safety report that provides the number of miles between crashes when drivers use the company’s driver-assistance system, Autopilot, and the number of miles between crashes when they do not. read more »