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Boston Herald
Boston Herald
8 Mar 2023
Boston Herald Wire Services


NextImg:Ticker: When the shoe don’t fit; Feds launch Tesla investigations

Adidas is still wrestling with how to dispose of $1.3 billion worth of Yeezy shoes after its breakup with the rapper formerly known as Kanye West. The split forced the German sportswear maker into a big loss at the end of last year and expectations of more pain ahead.

The company’s CEO said Wednesday that selling the popular line of shoes would mean paying royalties to Ye. He says destroying them could raise “sustainability issues,” while restitching them for resale “is not very honest.” Donating them would likely mean a resurgence of the shoes “so that’s not really an option.” The breakup helped drive the company to a net loss of 513 million euros in the fourth quarter.

U.S. safety regulators are turning up the heat on Tesla, announcing investigations into steering wheels coming off some SUVs and a fatal crash involving a Tesla suspected of using an automated driving system when it hit a parked firetruck.

The National Highway Traffic Safety Administration said Wednesday it is launching a special crash-investigation team to probe a Feb. 18 crash involving a Tesla Model S and a ladder truck from the Contra Costa County, California, fire department.

The probe is part of a larger investigation by the agency into multiple instances of Teslas using the automaker’s Autopilot system crashing into parked emergency vehicles that are tending to other crashes.

Earlier Wednesday, the agency posted documents revealing that it’s investigating steering wheels that can detach from the steering column on as many as 120,000 Model Y SUVs.

Messages were left Wednesday seeking comment from Texas-based Tesla.