Industry Voices
Lucid Motors Stumbles: CFO Resignation Sparks LCID Stock Plunge
Lucid Motors faces a significant setback as CFO Sherry House resigns, causing a nearly 10% stock drop. House's immediate departure prompts Lucid to appoint Gagan Dhingra, VP of Accounting, as interim CFO. Lucid seeks a permanent replacement while House remains in an advisory role until year-end.
By Dabbie Davis
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General Motors Announces Changes in Two Michigan Plants Manufacturing Bolt EV and Bolt EUV Crossover
General Motors announces layoffs impacting 1,300 workers at Michigan plants. Production delay pushes layoffs as electric pickup truck production postponed to 2025. Orion plant to lose 945 jobs, Lansing assembly plant faces 369 job cuts.
By Dabbie Davis
Intense Chinese Competition Drives American Automakers to Offer Budget-Friendly EVs
American automakers, driven by fierce Chinese competition, are innovating to boost profits, focusing on affordable electric vehicles (EVs) to remain competitive. Making EVs affordable is crucial in this rapidly evolving industry, with high battery costs being a major hurdle. The quest for affordable EVs signifies a pivotal shift in the automotive landscape.
By Dabbie Davis
Porsche Adheres to Safety Regulations, Recalls Boxters and Cayman with Active Rear Wing Extending Too Far
Recall Alert: Porsche Calls Back 53 Boxster and Cayman models due to rear Spoiler issue - 2023-2024 718 Cayman GTS 4.0 and 2024 718 Boxster S affected. Discover why this recall is essential for safety and Porsche's plan to address the issue.
By Dabbie Davis
TESLA Recalls Over 2 Million Vehicles as Preventive Measure Over Autopilot Safety Issues
Tesla initiates a massive recall of over 2 million vehicles amid growing autopilot safety concerns. This proactive measure highlights the company's commitment to customer safety and vehicle reliability. The recall underscores the importance of continuous innovation and vigilance in the evolving world of automated driving technology.
By Dabbie Davis
UAW Initiates Unfair Labor Charges Against Volkswagen, Honda, and Hyundai
UAW accuses Honda, Hyundai, and Volkswagen of unfair labor practices.It alleges that Honda, Hyundai, and Volkswagen are hindering workers from unionizing, prompting complaints of unfair labor practices. Companies deny the allegations, promising investigations.
By Dabbie Davis
Toyota Announces Data Breach Exposing Personal and Financial Data, Sends Warning to Costumers
In a distressing turn of events, TFS has recently confirmed the detection of unauthorized access to some of its systems in Europe and Africa. Amidst this turmoil, there are growing concerns about the involvement of the notorious Medusa Ramsonware.
By Dabbie Davis
General Motors Notifies Corporate Staff of Return to the Office Mandate at Least Three Days a Week Beginning Next Year
General Motors pushes through with its plan to require company staff to return to the office at least three days a week. The latest return to the office policy will start next year - January 2024.
By Dabbie Davis
TRENDING NOW
Toyota Strengthens U.S. Manufacturing with New EV Battery Hub in North Carolina
By Madelaine Panganiban
General Motors Hit With $1.6 Billion Charge as Trump Administration Cuts EV Incentives
By Madelaine Panganiban
