Musk ousted as Tesla chairman in SEC settlement, but will remain CEO
The settlement was reached two days after the SEC sued the billionaire over his tweeted claims to have had the funding and investor support to buy out stockholders at $420 a share.
Automotive
Articles
INDOT says it won’t add traffic lanes to north-split interchange after all
Downtown community groups and neighbors fought the state’s original plan that called for road widening, saying the interstates would encroach even farther into residential areas.
SEC seeks to oust Tesla CEO Musk over go-private tweet
Peter Henning, a law professor and a former SEC lawyer, said it's the first fraud case involving use of social media by the CEO of a public company.
Tesla stock falls after CEO appears to smoke joint during interview
In an overnight interview on the “The Joe Rogan Experience,” which appears on YouTube, Tesla CEO Elon Musk inhales from what the host says is a combined marijuana-tobacco joint and takes a sip of whiskey.
Human unpredictability delays progress for self-driving car interests
There is growing concern among autonomous-vehicle backers that artificial intelligence capable of real-world driving is further away than many predicted just a few years ago.
Testing finds flaws with car electronic safety systems
Cars and trucks with electronic driver assist systems may not see stopped vehicles and could even steer you into a crash if you’re not paying attention, an insurance industry group warns.
Utility extends expected timetable for downtown sinkhole repairs
Downtown commuters who expected the busy intersection of Ohio and Pennsylvania streets to be open by Monday morning aren’t likely to be happy.
Firm behind BlueIndy car-sharing service kicked to curb in Paris
The French capital on Thursday canceled its contract with Bollore after the company predicted losses totaling $348 million over the next five years and asked for taxpayers to pick up much of the cost.
Firm behind BlueIndy car-sharing service running into trouble in Paris
Paris Mayor Anne Hidalgo is considering early termination of the firm’s contract with the city, amid widening losses and criticism that the vehicles are poorly maintained and dirty.
Honda, GM to develop electric vehicle batteries together
The companies will collaborate based on GM’s next-generation battery system, both sides said, mainly for the North American market.
INDOT study analyzes options for downtown’s controversial north-split revamp
INDOT says it hasn’t chosen a course of action yet, but the study strongly indicates some of the options proposed by opponents of its original plans are not feasible.
Online auto dealer Carvana to open 70-acre reconditioning center, create 200 jobs
Carvana got the green light to buy the land in the Mount Comfort area from struggling trucking company Celadon Group Inc., which last year abandoned plans to build a new headquarters there.
Sports car maker plans production at Purdue business park
A British company is planning to build what it calls the fastest street-legal cars in the United States at Purdue University's research and business district.
Indiana man to auction Corvette pace car collection in Indianapolis
The cofounder and chairman of Fort Wayne-based Steel Dynamics Inc. is planning to sell his 16-car collection in one package.
Indianapolis joins cohort of big cities exploring cutting-edge transportation ideas
City leaders will collaborate with officials from 21 other major municipalities to share best practices with a focus on creating transportation hubs and reshaping the use of right-of-way and curb space.
Hogsett retools tactics on commuter tax
Mayor Joe Hogsett hopes to convince legislators that other Indiana cities, not just Indianapolis, could benefit from a non-resident income tax or the redistribution of income tax revenue.
Lexus tops vehicle dependability study for 7th straight year
The overall dependability of vehicles increased this year for the first time since 2013, thanks to improving quality.
Carmel-based KAR Auction Services acquires tech startup Stratim
KAR has acquired a San Francisco-based startup that uses technology to help companies manage fleets of vehicles.
Terry Lee Honda in Avon has new owner, name
The buyer is the same publicly traded firm that purchased Hare Chevrolet last year in Noblesville, and it’s interested in collecting more Indy-area dealerships.
Former T2 exec embarks on downtown car club, auto storage project
Mike Simmons has bought the former Chef’s Academy on East Washington Street and is refurbishing the building to appeal to car enthusiasts by adding meeting and event space.