Tag: Autos
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Volkswagen plans to cut 15% of its workforce and close four German plants, report says
Auto giant Volkswagen is reportedly planning to cut 100,000 jobs and end production at four German plants over the coming years.
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GM reveals 2027 GMC Sierra pickup with new V-8 engines, redesigned styling
The new GMC Sierra trucks are crucial to GM’s sales and earnings, especially highly profitable luxury Denali and off-road AT4 models.
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Second worker dies at BYD’s Hungary factory already under scrutiny for labor practices
A second worker died at the construction site of BYD’s electric vehicle factory in Hungary, CNBC has learned.
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Toyota is gaining on General Motors in U.S. sales, according to new forecast
Toyota has notably leaned into hybrid vehicles while GM and others bet on all-electric vehicles, which saw lower-than-expected adoption from consumers.
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Amazon’s Zoox unveils redesigned robotaxi ahead of upcoming expansion
Zoox is updating its robotaxis as the Amazon division plots expansion in additional markets and prepares to charge for rides.
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Slate Auto says each $24,950 electric pickup truck will be profitable as it aims to be cash-flow positive next year
EV startup Slate Auto CEO Peter Faricy told CNBC that every vehicle the company produces will be gross margin positive.
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SpaceX raises $25 billion in debt sale less than two weeks after IPO
SpaceX raised $25 billion in a debt sale, after seeing nearly $90 billion worth of orders, sources say.
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Tesla faces federal probe after Model 3 slams into Texas home, killing 76-year-old
Harris County authorities said that the driver, Michael Butler, said that he had been using Tesla’s partially automated driving systems.
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Lucid to lay off roughly 18% of U.S. workforce, COO Marc Winterhoff leaves
Lucid Group is cutting its U.S. workforce by 18% as part of a cost-savings plan. It also said COO Marc Winterhoff is departing effective immediately.
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Waymo recalls about 3,900 robotaxis after some drove into ‘freeway construction zones’
After some Waymo robotaxis drove into closed construction zones, the company implemented a recall to fix underlying software issues.
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