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Inside Automotive

Inside Automotive (Jun 5th, 2018)

Here are the top ten Automotive stories of the day, ranked by importance. We always love to hear from readers, and if you have details or stories we don't know about or other information, hit reply and tell us. Thanks for reading!

Best, Johan

Curator, Inside Automotive

1. Tesla is holding its annual shareholder meeting today. The meeting, which will be held at 5:30 pm EST and will be broadcast live here, will decide the fate of three board members (Antonio Gracias, 21st Century Fox CEO James Murdoch and Kimbal Musk) and whether Musk will keep his title as chairman of the board. Musk will be taking questions from fans via Twitter.— THE VERGE

Inside Automotive will give you a full round-up of the big moments from today’s shareholder meeting in tomorrow’s edition. Don’t miss it!

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2. Mercedes-Benz has rolled out a subscription service. The automaker is rolling out “Collection,” which gives drivers access to a selection of different vehicles to choose from. After paying a one-time fee of $495, drivers pay $1,095 per month for the “Signature” tier or $1,595 per month for the “Reserve” tier. Each plan includes insurance, roadside assistance, service and maintenance, as well as a “personal concierge” who will flip you from one vehicle to another. The subscription plan is lower priced than comparable options from BMW, Porsche and Cadillac. — THE VERGE

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3. Tesla has allegedly scrapped $150 million in raw materials for Model 3 production. Documents reviewed by Business Insider show that 40 percent of raw materials used to produce batteries and drive units manufactured at Tesla's Gigafactory in Nevada need to be scrapped or reworked by employees before they are sent off to the automaker’s factory in Fremont. The documents show that the company has spent about $150 million on scrap materials so far in 2018. The figures does not account for the overhead cost of creating scrap. Tesla disputed the figures to Business Insider, saying it was an “overstatement.” — BI

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4. Tesla has settled a $1 million lawsuit regarding sales compensation. Last month, the automaker agreed to settle a class action lawsuit initiated by three current and former Owner Advisors, which is a job title assigned to a segment of sales people, for $1 million. The lawsuit accused Tesla of failing to pay its sales staff a proper minimum wage and overtime, along with proper meal and rest breaks. Under the terms of the settlement, Tesla denied wrongdoing and will pay out the amount to 253 members of the lawsuit, each receiving around $2,200. Tesla says its owner advisors can earn a cash compensation of over $150,000 per year, along with receiving equity in the company upon hire. Figures from Glassdoor suggest that the average Owner Advisor makes an average of around $38,970 in base pay, with average additional pay of $17,500. — ELECTREK

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5. Efforts to push a racism lawsuit into arbitration by Tesla have failed. The class-action lawsuit was filed by former employee Marcus Vaughn last November, alleging Tesla “created an intimidating, hostile, and offensive work environment for African-American employees.” Tesla’s legal team had sought to move the case from court into private dispute resolution, but that move was shot down by Judge Robert McGuiness of Alameda County Superior Court. Tesla says it plans to appeal the judge’s ruling. — MERCURY NEWS

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6. Uber has re-vowed its commitment to safety on its platform. The company sent an email to its app users on Monday emphasizing its commitment to driver and rider safety, which includes improved driver screening, passenger rating and safety features built into the app. The ride-hailing company plans to re-run background checks on all its drivers each year, integrate easy emergency calling and will also allow passengers to share trip details with “trusted contacts.” At the Code Conference, Uber CEO Dara Khosrowshahi reinforced his commitment to ensuring safety on the platform.— CNN

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7. The University of Michigan has launched driverless shuttles. The project, operating as a part of the university’s MCity initiatives, includes two fully-automated, 11-passenger, all-electric shuttles, built by the French firm NAVYA. NAVYA has rolled out a similar shuttle project in Las Vegas. — MLIVE

8. Scooter startup Lime is reportedly raising $250 million. It is said that GV, formerly known as Google Ventures, is leading the round. This comes as competitor Bird has also allegedly raised funding. — TECHCRUNCH

9. Uber CEO Dara Khosrowshahi wants his employees to feel empowered to make necessary decisions. In an internal memo, obtained by Business Insider, Khosrowshahi described a new company policy designed to eliminate “bureaucracy creep” at Uber. — NY MAG

10. GM says it will have 20 different electrified models available in China by 2023. GM will launch 10 "new energy vehicles" in China from 2021 through 2023, adding to the 10 it is already on track to deliver through 2020. China is the largest market in the world for EVs. — INVESTORS

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