Adidas remains to be wrestling with the best way to get rid of $1.3 billion price of Yeezy footwear after its breakup with the rapper previously often known as Kanye West. The cut up pressured the German sportswear maker into an enormous loss on the finish of final yr and expectations of extra ache forward.
The firm’s CEO stated Wednesday that promoting the favored line of footwear would imply paying royalties to Ye. He says destroying them may elevate “sustainability issues,” whereas restitching them for resale “is not very honest.” Donating them would possible imply a resurgence of the footwear “so that’s not really an option.” The breakup helped drive the corporate to a internet lack of 513 million euros within the fourth quarter.
Feds launch Tesla investigations
U.S. security regulators are turning up the warmth on Tesla, asserting investigations into steering wheels coming off some SUVs and a deadly crash involving a Tesla suspected of utilizing an automatic driving system when it hit a parked firetruck.
The National Highway Traffic Safety Administration stated Wednesday it’s launching a particular crash-investigation workforce to probe a Feb. 18 crash involving a Tesla Model S and a ladder truck from the Contra Costa County, California, fireplace division.
The probe is a component of a bigger investigation by the company into a number of cases of Teslas utilizing the automaker’s Autopilot system crashing into parked emergency autos which are tending to different crashes.
Earlier Wednesday, the company posted paperwork revealing that it’s investigating steering wheels that may detach from the steering column on as many as 120,000 Model Y SUVs.
Messages have been left Wednesday looking for remark from Texas-based Tesla.
Source: www.bostonherald.com”