October 25, 2020

Nikola founder faces sexual assault allegations, Ford shakes up C-suite, Trump’s COVID-19 diagnosis threatens an airline recovery

Until a few weeks ago, life looked very good for Trevor Milton. His zero-emissions truck company, Nikola, went public in June and put the 38-year-old on the Forbes 400 Billionaires list with a net worth of $5.5 billion. In September, Nikola announced a deal with General Motors that came with a stock price surge and a hefty dose of credibility.



a man sitting in a car: Allegations against Nikola founder Trevor Milton aren't all related to his company. REUTERS/Massimo Pinca


© REUTERS/Massimo Pinca
Allegations against Nikola founder Trevor Milton aren’t all related to his company. REUTERS/Massimo Pinca

But then, short-seller Hindenburg Research published a lengthy report calling Nikola an “intricate fraud” and accusing Milton of “numerous lies.” A bit more than a week later, Milton resigned as Nikola’s executive chairman and abandoned his seat on its board. 

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The allegations against Milton aren’t all related to his company. On Monday, CNBC reported that an unnamed woman accused Milton of sexually assaulting her when he was 22 and she was

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car

Tesla Quarterly Deliveries Hit Record As Car Maker’s Pandemic Recovery Speeds Up

Tesla Inc.


TSLA -3.21%

vehicle deliveries hit a new record in the most recent quarter, accelerating the Silicon Valley car maker’s recovery after sales slowed during the height of the pandemic.

The Palo Alto, Calif.-based company on Friday said it sold 139,300 vehicles in the quarter ended Sept. 30, slightly ahead of the 137,000 deliveries analysts surveyed by FactSet expected and 44% above the prior-year figure. The figure topped the previous high of 112,000 vehicle handovers Tesla achieved in the final quarter of 2019, the last not impacted by the pandemic.

Tesla has delivered slightly more than 318,000 vehicles over the first nine months of this year despite a temporary shutdown of its lone U.S. car plant in Fremont, Calif., as local health officials tried to halt the spread of the coronavirus. The company in January said it aimed to deliver more than 500,000 vehicles in 2020, an increase of

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Third-Quarter New-Vehicle Sales Are Encouraging, Hint at Recovery

Photo credit: krblokhin - Getty Images
Photo credit: krblokhin – Getty Images

From Car and Driver

  • Third-quarter new-vehicle sales are down from last year, but are up from the quarter prior, revealing what appears to be a V-shaped recovery in the industry.

  • FCA, Toyota, and General Motors are all showing sales declines of around 10 percent for the third quarter, but that’s a dramatic improvement from declines of over 30 percent last quarter.

  • Hyundai saw sales increase in September by 5.5 percent, while its sales were down 1.7 percent in the third quarter.

As automakers begin to report third-quarter sales, one thing is becoming clear: the worst sales forecasts have been avoided, and new-vehicle sales are trending upward from their lows earlier this year. New-vehicle buyers haven’t left the market—a reality in line with the more uneven K-shaped recovery many economists have been reporting—and that has helped propel the recovery in sales.

Since the first quarter

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Automotive Automatic Tire Inflation System (ATIS) Market- Roadmap for Recovery from COVID-19|Integration of Telematics with ATIS to Boost the Market Growth | Technavio

Technavio has been monitoring the automotive automatic tire inflation system (ATIS) market and it is poised to grow by USD 411.41 million during 2020-2024, progressing at a CAGR of over 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200930005957/en/

Technavio has announced its latest market research report titled Global Automotive Automatic Tire Inflation System (ATIS) Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Automotive Automatic Tire Inflation System (ATIS) Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19

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Automotive LED Headlamps Market – Roadmap for Recovery from COVID-19 | Need for Energy-efficient Lighting Systems to boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the automotive LED headlamps market and it is poised to grow by USD 2.35 billion during 2020-2024, progressing at a CAGR of over 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by application, which is the leading segment in the market?
  • The passenger cars are expected to be
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High-End Bicycle Market- Roadmap for Recovery from COVID-19 | Rapid Growth of E-commerce to Boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the high-end bicycle market and it is poised to grow by USD 4.20 billion during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by product, which is the leading segment in the market?
  • The hybrid bikes are expected to be the
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High-End Bicycle Market- Roadmap for Recovery from COVID-19 | Rapid Growth of E-commerce to Boost the Market Growth

Technavio has been monitoring the high-end bicycle market and it is poised to grow by USD 4.20 billion during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200929005852/en/

Technavio has announced its latest market research report titled Global High-End Bicycle Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19

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Automotive Double Wishbone Suspension System Market- Roadmap for Recovery from COVID-19|Growing Demand for SUVs and Pick-up Trucks to boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the automotive double wishbone suspension system market and it is poised to grow by USD 1.66 billion during 2020-2024, progressing at a CAGR of almost 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by application, which is the leading segment in the market?
  • The SUVs segment is expected
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Multimodal Transportation Market for Chemical and Petroleum Industry in US- Roadmap for Recovery From COVID-19 | Reduction in the Freight Transportation Costs to Boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the multimodal transportation market for chemical and petroleum industry in US and it is poised to grow by USD 480.14 million during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by end-user, which is the leading segment in the market?
  • The
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Jet Fuel Market- Roadmap for Recovery from COVID-19 | Popularity of Air Transportation to Boost Market Growth

Technavio has been monitoring the jet fuel market and it is poised to grow by USD 60.23 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200927005042/en/

Technavio has announced its latest market research report titled Global Jet Fuel Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19

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