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Ford

Ford announces layoffs as part of its shift to EVs

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Ford has begun notifying certain salaried and agency workers of layoffs this week, according to an internal email sent to its employees. Ford has been...

Tesla CEO Elon Musk shares more details about job cuts amid...

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After former Tesla workers filed a lawsuit claiming the EV maker violated U.S. labor regulations, Elon Musk has made some clarifications as to how...
Tesla

Tesla cuts 10% of workforce and cancels hiring events

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The global economy and steadily rising inflation are proving to be harmful to everyone, including the CEO of Tesla, Elon Musk. In fact, this...
retail sales

CBT Automotive Newscast: August 17, 2020

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Today's Featured Interview: CBT News Market Update: Zo Rahim, Cox Automotive & Jonas Moskowitz, LotLinx On this week's episode of the CBT News Market Update, new...
Uber

Uber Slashes Jobs Yet Again: What it Means

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Just like most businesses, Uber has taken a huge hit in the midst of the novel coronavirus. The rideshare giant has announced it will...
Tesla

Tesla’s Latest Move: Cutting 7% of Its Workforce

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Elon Musk and Tesla are making headlines yet again with Musk recently sending a letter to employees notifying them that their jobs might be...