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Britain Launches New Plan to Accelerate Renewable Energy Growth

Key Points: Britain will announce a new package of measures on Tuesday to accelerate the growth of renewable power. Energy Secretary Ed Miliband declared that the era of fossil fuel security is completely over. The government plans to build new solar panels and wind turbines on public land to generate 10 gigawatts of electricity. A massive new policy will finally attempt to break the financial...

General Motors Hires New Product Chief Sterling Anderson for $40 Million

Key Points: General Motors recruited new product chief Sterling Anderson with a massive pay package totaling up to $40 million. Anderson previously served as a co-founder and chief product officer at the autonomous-trucking company Aurora. The former Tesla executive will oversee the development of new electric vehicles, gas-powered cars, and software at GM. Industry insiders already view Anderson as a strong potential successor to current...

Tesla Settles Wrongful Death Lawsuit Over 2018 High-Speed Crash

Key Points: Tesla officially settled a wrongful death lawsuit in Florida stemming from a fatal 2018 crash involving a Model S. The high-speed accident killed two teenagers after the 18-year-old driver lost control while speeding at 116 mph. The driver's parents claimed that a Tesla technician had secretly disabled the vehicle's speed-limiting software. The court removed Tesla as a defendant, leaving only the driver's estate...