Just a week later, Rivian is laying off hundreds of employees started delivery The company has confirmed its much-awaited R2 SUV to TechCrunch. The company said the layoffs would affect less than 2% of its total workforce and were done to increase efficiency. It is at least the fourth round of cuts made by Rivian…
Rivian finally has revealed That the first customers of the company’s new R2 SUV will receive their vehicles on June 9. The automaker has stepped up its efforts over the past few months to release the R2, which is more affordable and targeted at a mass market than its current R1 lineup. The new SUV…
The total workforce at Tesla’s factory outside Austin, Texas, decreased dramatically last year as the company suffered a second consecutive year of declining sales, according to a compliance report. As seen by the Austin American-Statesman. Tesla plans to employ 21,191 people at the factory in 2024, falling to 16,506 workers in 2025, a 22% decline….
Lucid Motors seems to have largely resolved its initial quality struggles with the Gravity SUV’s hardware and software, but the company is still not out of the woods: It has recalled more than 4,000 Gravity SUVs after a seat belt problem was discovered. The company told the National Highway Traffic Safety Administration that, during unrelated…
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….
