GM temporarily lays off 5,500 workers amid EV market slowdown
On the Dash:
GM furloughed 5,500 workers across three U.S. EV plants due to slowing demand and loss of federal tax credits.
Factory Zero in Detroit, Ultium battery plant in...
TSLA376.0200.72%
GM84.3800.43%
F13.128-0.0423%
RIVN15.313-0.0474%
CYD35.3200.28%
HMC32.5650.035%
TM193.0550.555%
CVNA67.9500.77%
PAG213.6801.52%
LAD319.6103.46%
AN170.7501.99%
GPI255.6004.73%
ABG187.1602.61%
SAH66.5000.58%
TSLA376.0200.72%
GM84.3800.43%
F13.128-0.0423%
RIVN15.313-0.0474%
CYD35.3200.28%
HMC32.5650.035%
TM193.0550.555%
CVNA67.9500.77%
PAG213.6801.52%
LAD319.6103.46%
AN170.7501.99%
GPI255.6004.73%
ABG187.1602.61%
SAH66.5000.58%
TSLA376.0200.72%
GM84.3800.43%
F13.128-0.0423%
RIVN15.313-0.0474%
CYD35.3200.28%
HMC32.5650.035%
TM193.0550.555%
CVNA67.9500.77%
PAG213.6801.52%
LAD319.6103.46%
AN170.7501.99%
GPI255.6004.73%
ABG187.1602.61%
SAH66.5000.58%
electric vehicles
Ford launches vehicle-to-grid pilot to reward F-150 Lightning owners
On the Dash:
Ford’s Home Power Management system allows F-150 Lightning owners to power homes and return energy to the grid.
Pilot programs with utilities like DTE Energy and BG&E...
Mercedes-Benz confirms outlook, plans $2B share buyback amid Q3 margin gains
On the Dash:
Mercedes posts stronger-than-expected Q3 margins and plans a €2 billion share buyback over 12 months.
Sales in China fell 27%, marking the worst quarterly performance since 2016,...
Stellantis partners with NVIDIA, Uber, and Foxconn to advance robotaxi strategy
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Stellantis will deliver Level 4 autonomous vehicles using NVIDIA DRIVE AV software and AV-Ready Platforms.
Uber will operate initial robotaxi fleets, starting with 5,000 units in U.S....
EV sales will plummet by nearly 60% in October, J.D. Power says
On the Dash:
Electric vehicle sales are expected to plummet nearly 60% in October, dropping to just 5.2% of new-vehicle sales.
The September surge in EV purchases was driven by...
Oklahoma Chevrolet dealer sees robust Q4 despite affordability concerns – Dorian Jimenez
As we move into the final quarter of the year, dealers are monitoring what’s shaping today’s market and what’s to come. Joining us on today’s episode of Inside Automotive to...
Elon Musk could step down if Tesla pay plan is rejected
On the Dash:
Tesla’s CEO may step down if shareholders reject his proposed $1 trillion pay plan.
The package ties 12 stock-option tranches to milestones in market value, autonomous tech,...
Toyota posts 3% global sales increase as hybrids fuel U.S. demand
On the Dash:
Global sales rose 3% in September to 949,153 vehicles; production climbed 9% to 1.03 million.
U.S. sales surged 14% as hybrids made up 42% of Toyota’s first-half...
Porsche plunges to $1.1 billion quarterly loss as tariffs, EV setbacks weigh on outlook
On the Dash:
Porsche posted a 966 million euros ($1.1 billion) operating loss in Q3, reversing last year’s profit.
The automaker plans further cost cuts, higher U.S. prices, and a...
Rivian settles $250 million IPO lawsuit
On the Dash:
Rivian will pay $250 million to settle investor claims over alleged IPO misrepresentation.
The company is cutting more than 600 jobs to reduce costs and stabilize operations.
...
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