Firms have cited restructuring plans to justify layoffs, though more companies now point to AI as reason - Anadolu Ajansı ...
Amid slower EV sales growth, Tesla ( NASDAQ: TSLA) has decided to curtail electric car production at its plant in China, ...
US employers announced over 84,000 layoffs, as part of a continuing offensive against jobs to smash the resistance of the ...
The problem is not that EV sales aren’t growing ... That followed Tesla CEO Elon Musk suggesting last month that Rivian, which had just announced layoffs, had only six quarters or so until bankruptcy.
ELECTRIC car maker Rivian has released details about its new R2 SUV which is set to be compatible with a series of ...
Layoffs and other workforce reductions have marked auto industry headlines in recent months, despite increased vehicle sales ...
Rivian was planning to build it at a new $5 billion factory in Georgia that would have the capacity to crank out 400,000 vehicles annually, but the project is now on hold. The EV market is tighter ...
As part of the process of “optimizing [Rivian’s] operating expense expenditures,” executives announced a round of layoffs, this time affecting roughly ... executives seem to have struck a balance: The ...
Fisker Inc. might be heading towards bankruptcy due to financial struggles and layoffs. Expansion plans and partnerships are attempted to solidify a strong foundation in the industry. Fisker's failure ...
Rivian came out swinging when it introduced its upcoming EV, the R2, earlier this month. The startup may not be shipping its next EV until 2026, but it’s already made some impressive promises on ...
Layoffs and other workforce reductions have marked auto industry headlines in recent months, despite increased vehicle sales ...