GM cuts nearly half of Cruise workforce, abandons robotaxi plans
General Motors (GM) is laying off roughly 1,000 employees at its Cruise autonomous vehicle unit, cutting nearly 50% of its workforce as part of a broader plan to end its...
TSLA339.300-2.97%
GM84.370-2.4%
F14.050-0.32%
RIVN14.870-0.49%
CYD46.4301.19%
HMC31.9000.32%
TM189.180-1.93%
CVNA70.110-5.48%
PAG217.950-1.9%
LAD369.520-8.03%
AN204.960-4.45%
GPI259.680-4.27%
ABG208.540-2.12%
SAH80.260-0.57%
TSLA339.300-2.97%
GM84.370-2.4%
F14.050-0.32%
RIVN14.870-0.49%
CYD46.4301.19%
HMC31.9000.32%
TM189.180-1.93%
CVNA70.110-5.48%
PAG217.950-1.9%
LAD369.520-8.03%
AN204.960-4.45%
GPI259.680-4.27%
ABG208.540-2.12%
SAH80.260-0.57%
TSLA339.300-2.97%
GM84.370-2.4%
F14.050-0.32%
RIVN14.870-0.49%
CYD46.4301.19%
HMC31.9000.32%
TM189.180-1.93%
CVNA70.110-5.48%
PAG217.950-1.9%
LAD369.520-8.03%
AN204.960-4.45%
GPI259.680-4.27%
ABG208.540-2.12%
SAH80.260-0.57%
Articles
Leadership clash derails Honda-Nissan merger discussions
The potential merger between Honda and Nissan hit a significant roadblock after Nissan withdrew from the agreement due to leadership disagreements.
In December, the automakers entered formal discussions to create a...
Toyota accelerates electrification plans amid tariff uncertainty
Toyota is ramping up its electrification efforts with plans to produce batteries for hybrids, plug-in hybrids, and full-electric vehicles at its new North Carolina factory starting in April.Â
The automaker is...
Ford reveals executive shakeup to accelerate Ford+ strategy
On Wednesday, Ford announced a shakeup of its executive leadership team as part of its initiative to accelerate its Ford+ strategy.
The strategy, which was initially launched in 2021, is...
January new vehicle sales reveal modest growth despite challenges
New vehicle sales in January continued their upward trend, marking the fourth consecutive month of year-over-year gains. While Cox Automotive's analysts initially forecasted a 5.2% increase compared to January 2024,...
Ferrari defies luxury auto slump with strong U.S. sales
Ferrari NV posted stronger-than-expected fourth-quarter results, bolstered by robust U.S. demand despite broader struggles in the luxury auto market. Sales climbed 14% year-over-year to $1.8 billion, while earnings before interest,...
China strikes back at U.S. tariffs with new duties and export controls
President Donald Trump pulled back and paused the enforcement of 25% tariffs on Canada and Mexico at the last minute, temporarily diverting a disastrous trade war in North America. In...
General Motors expands its electric vision through GM Energy
General Motors (GM) is redefining the role of electric vehicles, turning them into more than just a mode of transportation. Through GM Energy, the company is integrating public charging, home...
South Carolina blocks Scout Motors’ direct sales despite $1.3B incentive
Despite South Carolina granting Scout Motors $1.3 billion in incentives to build its $2 billion EV plant in Blythewood, state residents won’t be able to buy the company’s vehicles when...
Tesla launches Cybertruck leasing, increases incentives as sales dwindle
In a desperate effort to boost diminishing Cybertruck sales, Tesla is pulling out all the stops and revamping its strategy. The automaker is now offering leases on the Cybertruck in...
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