Honda has canceled three electric vehicles it was developing for the US market, blaming President Donald Trump’s tariffs and increasing competition from Chinese EV companies. Honda said Thursday that Trump’s tariffs have hurt the company’s gas and hybrid vehicle business, putting its overall automobile business in an “extremely challenging earnings situation.” With the “inability to…
A judge has rejected Tesla’s request to overturn the order $243 million jury verdict which held the automaker partially responsible for a fatal accident involving the Autopilot driver assistance system. “The grounds that Tesla relies on for relief are virtually the same ones that Tesla put forward earlier during the trial and in its briefing…
Ford CEO Jim Farley acknowledged that the automaker is involved “A fight for our lives in our industry” Because it wants to remain competitive in Europe amid pressure from Chinese competitors. One of its weapons to avoid those threats is its partnership with French automaker Renault Group. The two automakers announced a deal on Tuesday…
Fresh from $350 million RaiseBattery recycler and cathode-maker Redwood Materials is reportedly cutting about 5% of its workforce, according to Reuters. Bloomberg News, Nevada-based Redwood has about 1,200 employees, so the cuts will affect a few dozen employees. Founded in 2017 by former Tesla CTO JB Straubel, the company initially focused on battery cell production,…
Another fire has broken out at the Novelis aluminum plant in Oswego, NY that supplies sheet metal for Ford’s trucks, including its all-electric F-150 Lightning. The four-alarm fire broke out Thursday morning and has not yet been extinguished. Local news outlet CNY Central was the first report New flame. A massive fire at the Novelis…
Norway’s sovereign wealth fund has voted against Tesla’s proposal to give CEO Elon Musk a $1 trillion compensation package. The fund, which is managed by Norges Bank Investment Management, holds a 1.14% stake in Tesla, worth about $11.7 billion, according to mid year filing In June. “While we appreciate the significant value created under Mr….
General Motors is laying off thousands of workers at several electric vehicle and battery plants in the US. According To multiple shops, About 1,200 workers at the company’s EV factory in Detroit, Michigan are being placed on “indefinite layoff.” Further cutbacks and temporary layoffs are being made at GM’s Ultium cell battery factories in Ohio…
After raising the safety concerns of the rivian employees and customers, the door handle design on its upcoming R2 SUV is changing, According to Bloomberg News, The automekar is one of the many that have been electronically tilted in the handle of electronically lacked door. While it allows for a smooth presentation and more aerodynamic…
Tesla is Asked Environmental Protection Agency is not meant to return the current vehicle emission standards, who want to break away from other major vehicle manufacturers To see the rulesThe company’s request comes the same week which President Donald Trump – Kaun Tesla CEO Elone Musk $ 300 million spent To help in the election…
The rivian is shutting around 150 workers-its second small staff cuts in a few months-like the company reads itself for all the important launch of its more common. R2 SUV Next year. The company confirmed Techcrunch that the new deduction was mostly for its “commercial” team, which belongs to sales and service operations, and affected…
