The contract will build on General Motors plan to create a strong, sustainable battery electric vehicle or EV supply chain to support its EV production …
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Author: WionDrive News Desk
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Tesla initiates internal review of employee roles, fueling speculation of layoffs as CEO Elon Musk warns of slowing sales growth.
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INDUSTRY NEWSLatest News
Uber forecasts strong core profit amidst increased ride share and food delivery demand
Uber Technologies reports strong financial results for the holiday quarter, including its first annual net profit.
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Following a recent collision with an autonomous driving unit, various unions and safety advocates have called for industry-wide probes into driverless vehicles.
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Some 300-350 people are expected to be on furloughs every week out of a total of around 1,250 workers making the electric Fiat 500.
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INDUSTRY NEWSLatest News
US government warns against wearing VR headsets while engaging Tesla Autopilot
A viral video shows a Tesla driver wearing a VR headset while engaging the vehicle’s Autopilot system.
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Toyota raised its profit forecast for the current year to 4.9 trillion yen (USD 33 billion) from 4.5 trillion expected previously.
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Both the parties had signed a cooperative agreement last year on November 30 with an aim to establish a 50:50 joint venture in China.
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In Europe, which is the Volvo Group’s biggest market, sales grew 8% when compared to January of 2023, reaching 23,141 sold cars.
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The speculation of merger intensified after an EV market slowdown forced Renault last week to cancel IPO plans for its EV and software unit Ampere.