AutoComplete: Subaru may have an all-electric SUV by 2021Elio Motors locks in a price for its three-wheeled "car," and the legal fees for Volkswagen's diesel settlement are positively massive.
Today is Friday, August 12th, 2016 and here's what's making news on Road Show. Subaru may have an electric ace up its SUV sleeve. A Japanese paper reports that the company is developing an all-electric mid-sized crossover that should be on the market before 2021. It could be based on the Forester Outback And it will likely ride atop a new Subaru global platform which will form the basis for a number of new Subarus including the 2017 Impreza. Helio Motors has locked in the price of its forthcoming three wheeled contraption for a limited time. If you sign a binding agreement and place a non refundable deposit, you can pay as little as $7,000 for Helio's creation although there is no firm production timeline yet. The company is attempting to boost the number of customers down to purchase agreements, because it will help the company's application for department of energy loan program. Lawyers representing the main [UNKNOWN] in Volkswagen's $15 billion [UNKNOWN] gate settlement are asking for about 330 million in legal fees and other costs. Traditionally lawyers can request up to 25% of a class action settlement costs as legal fees but in this case that would be a 3.75 billion dollars which might be a bit greedy even for lawyers. Now if you'll excuse me I'm gonna go finish this law school application. Find more on this story over at the roadshow.com. We'll talk to you tomorrow.