Tesla Allowed To Open 2nd Va. Dealership, DMV Says

Law360, New York (December 1, 2016, 1:12 PM EST) -- The Virginia Department of Motor Vehicles on Wednesday granted Tesla Motors Inc. permission to open a second company-owned dealership in the state, shutting down arguments by a dealership association that the electric automaker cannot sell vehicles directly to customers because of its status as a manufacturer.

Virginia DMV Commissioner Richard D. Holcomb found that Tesla can establish a new dealership in Richmond because no independent dealer in the area is available to own and operate the facility in “a manner consistent with the public interest.” The...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.