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However, on Tuesday (December 7) the shares closed more than 8% higher following the initial IPO reports.The first round of DLC for NASCAR The Game: Inside Line has arrived today for the Xbox 360 and PS3. Recent weeks have seen VW stock take a beating amid a tussle over whether to oust Diess as boss. Germany's Handelsblatt newspaper says they could sell around $17 billion of their shares to fund a direct stake in Porsche. They are already VW's biggest shareholder. Back in May, people familiar with the matter said the Porsche and Piech families would acquire a big stake if the listing happened. Asked about it earlier, company chief executive Herbert Diess would only say that VW was always reviewing its portfolio. Porsche has called the report "pure speculation", and VW wouldn't comment. Reports suggest it could value the maker of SUVs and sportscars at up to $101 billion. And it just might be a record-breaking deal. The deal would be a way to fund the costly shift towards electric vehicles. Volkswagen is still exploring a possible share listing for luxury unit Porsche. Shares of Tesla fell in mid-day Monday trading. Several residential customers or their insurers have sued Tesla and parts supplier Amphenol over fires related to their solar systems, according to documents provided by legal transparency group PlainSite. Walmart in a 2019 lawsuit that was eventually settled blamed Tesla's solar system for seven store fires. Litigation and concerns over faulty connectors and Tesla solar system issues stretch back several years. Tesla did not respond to Reuters' emailed questions, while the SEC declined to comment. Henkes was fired from Tesla in August 2020 and he sued Tesla claiming the dismissal was in retaliation for raising safety concerns. He also told the SEC that Tesla failed to notify its customers or regulators that defective electrical connectors could lead to fires. In the SEC complaint, Henkes accused Tesla and SolarCity, which it acquired in 2016, of not disclosing before or after the acquisition a "liability and exposure to property damage, risk of injury of users, fire etc to shareholders".
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The SEC disclosed the Tesla probe in response to a Freedom of Information Act request by Steven Henkes, a former Tesla field quality manager, who filed a whistleblower complaint on the solar systems in 2019 and asked the agency for information about the report. Concerns about fires from Tesla solar systems have been published previously, but this is the first report of investigation by the securities regulator.
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This investigation adds to a list of regulatory headaches for the world's most valuable auto company, which includes a federal safety probe into accidents involving its driver assistant systems. Tesla is the subject of an investigation by the Securities and Exchange Commission tied to a whistleblower complaint about the possible risk of fire associated with solar panel system defects, Reuters has learned exclusively. "The M has long been considered the strongest letter in the world, and in our company's anniversary year it is stronger than ever." "We have a great year ahead of us, which will be celebrated with unique product highlights and exciting performances," said Franciscus van Meel, chairman of the board of management of BMW M, in a statement.
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Exactly what that encompasses has not yet been revealed. On top of the trip to the history books for the way its new vehicles will look, BMW said 2022 will be an exciting year. BMW says the colors represent BMW (blue), racing (red), and the way the two are connected (violet). This version was first used in 1973 on BMW Motorsport's racing cars. The BMW Motorsport logo surrounds the brand's standard logo with blue, violet, and red semicircle lines. The new emblem-inspired by the classic BMW Motorsport logo-will replace the standard blue and white roundel on the vehicle's front and rear and on the wheel hubs. An $107,000 2022 BMW X5M, perhaps? Whatever you choose, only orders for new BMWs placed starting at the end of January 2022 will be able to be outfitted with the new old emblem, and the first cars built with the classic logo will be built starting in March. Second, you will have to buy a new M model or a non-M BMW with an M Sport package.
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First, the new old logo will only be available by request. BMW announced this week it will once again offer the classic BMW Motorsport emblem on selected models next year, but you'll have to be the kind of person who asks for it.