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U.S. judge approves SEC payout from Elon Musk, Tesla settlements

NEW YORK — A federal judge on Friday authorized the U.S. Securities and Exchange Commission to distribute $40 million from its 2018 settlements with Tesla Inc. and CEO Elon Musk, after Musk accused the regulator of dragging its heels. U.S. District Judge Alison Nathan in Manhattan approved the distribution plan that the SEC proposed on

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Ex-California Air Resources Board Chair Mary Nichols on zero-emission transportation

From her early work fighting against freeway expansions around Los Angeles to her tenure as chair of the California Air Resources Board, Mary Nichols has spent more than five decades grappling with transportation’s role in contributing to pollution and climate change. Now as co-chair of the Coalition for Reimagined Mobility along with Ford Motor Co.

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Former UAW local official pleads guilty to embezzling more than $2 million of union funds

DETROIT — Tim Edmunds, a former UAW official at Local 412 in Warren, Mich., pleaded guilty Friday to embezzling $2.2 million in union funds and to money laundering. He could face up to nearly five years in prison, according to the U.S. Attorney’s Office for the Eastern District of Michigan The guilty pleas come roughly

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Lithia sells California dealership; Ken Ganley Automotive and Ourisman Automotive add dealerships

Auto retail giant Lithia Motors Inc. sold a dealership this month, while Ken Ganley Automotive Group and Ourisman Automotive Group each bought Kia dealerships in the first quarter, and a father-son duo in February acquired a Ford store. Here’s a look at the deals involving domestic and import brands and dealerships in California, Ohio, Virginia

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Postal Service to buy 50,000 delivery vehicles in $3 billion initial order; agency to double EV purchases

WASHINGTON — The U.S. Postal Service said on Thursday it placed an initial $2.98 billion order for 50,000 next-generation delivery vehicles from Oshkosh Corp. and will double its initial planned EV purchases. U.S. Postmaster Louis DeJoy said that based on USPS’s reform efforts and “our improving outlook, we have determined that increasing our initial electric

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Unifor accuses former president of taking money from COVID test supplier; Jerry Dias says he has entered rehab for addiction

The Unifor national board has charged former president Jerry Dias with allegedly violating the union’s constitution and will hold a hearing before its board to weigh evidence, as the long-time union leader said Wednesday he has entered a residential rehabilitation facility. Dias retired after 8 ½ years as Unifor president March 11, citing ongoing medical

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Geely flags costs, chip shortage after 12% drop in 2021 profit

SHANGHAI — Geely Automobile Holdings Ltd. expects rising raw material prices and global chip shortages to pressure its profitability and sales this year, the Chinese company said on Wednesday, after reporting a 12 percent fall in 2021 profit. The automaker, thanks to its investments in Volvo Cars and Mercedes, reported a 2021 profit of 4.85

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