Carbon and Lightning: Ford to form two ‘distinct units’, split EV and gas

Dearborn, Michigan – On Mar. 2, Ford announced their intent to split the company into two units. The Ford Model e division would focus on electrical vehicles (EVs) while the Ford Blue division specializes in carbon-producing internal combustion vehicles. In their press release, these divisions would operate as distinct businesses, but continue to share their […]

High Roller: Nikola founder Trevor Milton charged with three counts of fraud

Manhattan, New York —  Trevor Milton, founder and former executive chairman of electric car-maker Nikola, was charged with three counts of fraud for lying about “nearly all aspects of the business” to persuade investors into buying shares, according to an indictment unsealed Thursday. The U.S. Attorney’s Office in Manhattan charged Milton with two counts of […]