The Michigan battery gigafactory will see an investment of USD 1.6 billion, supported by more than USD 200 million in state incentives.
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INDUSTRY NEWSLatest News
Tesla cleared of illegal firings amidst union controversy
by Biplab Dasby Biplab DasThe dismissal comes in response to a complaint filed by the Workers United union, which aimed to organize workers at Tesla’s Buffalo, New York “gigafactory.”
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INDUSTRY NEWSLatest News
Lotus Technology secures USD 870 mn funding in lead-up to merger
by Biplab Dasby Biplab DasThis development precedes the finalization of its merger with the special purpose acquisition company (SPAC) L Catterton Asia Acquisition (LCAA).
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Swedish court rules in favour of Tesla, ordering prompt delivery of license plates or a fine, after postal workers stopped deliveries during a labor dispute.
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Huawei is forming a new joint company with Changan Auto to consolidate core technologies from its smart car unit.
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INDUSTRY NEWSLatest News
The EV debate: a key battleground in US politics
by Biplab Dasby Biplab DasThe growing importance of EVs is evident as they contribute to tax revenue and employment opportunities in key states.
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INDUSTRY NEWSLatest News
Volkswagen unveils EUR 10 bn savings plan amidst competitiveness concerns
by Biplab Dasby Biplab DasWhile workforce reductions are on the agenda, the company had previously committed to leveraging the “demographic curve” for staff adjustments without dismissals until 2029.
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INDUSTRY NEWSLatest News
Volkswagen expresses concerns over future in South Africa amidst challenges
by Biplab Dasby Biplab DasWhile the region was historically considered advantageous due to competitive labour costs, recent factors have raised alarms.
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INDUSTRY NEWSLatest News
Tesla takes legal action against Swedish government over license plate dispute
by Biplab Dasby Biplab DasIF Metall, Sweden’s prominent manufacturing union, is currently engaged in negotiations with Tesla for a collective bargaining agreement concerning mechanics in Sweden.
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Swedish union intensifies dispute with Tesla as a crucial component supplier, Hydro Extrusions, joins in a sympathy action.