Thursday, November 06, 2008

Tesla Motors Abandons Suit Against Fisker Automotive

But things remain tense, and the electric car biz is likely to only get more cut-throat. Gee, I thought electric sports cars were all about saving the planet, not tawdry details like profit and trade secrets.

Electric car company Tesla Motors will not continue its trade secret suit against rival car maker Fisker Automotive, following an arbitrator's ruling in Fisker's favor.
Fisker Automotive said on Monday that an arbitrator found an interim award in favor of Fisker Automotive and the auto design company which had done work for Tesla last year.
Tesla's communications manager on Monday said that the company will not pursue the case because the arbitrator's ruling was binding.

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