Industry Voices
Longtime Tesla Investor Ross Gerber Dumps Stake Because Elon Musk Company’s ’Sales Are Going Down’
Ross Gerber has given up half of his Tesla shares amid concerns of the automaker's sales performance.
By Israel Monte
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Ford Abandons Large Electric SUV Plans, Prioritizes Hybrid Vehicles
Ford has terminated plans for its large electric SUVs to focus on its hybrid vehicles. Ford has officially terminated its plans for electric SUVs following years of delay.
By Israel Monte
Stellantis Faces UAW Strike Threat Over Delayed Reopening in Belvidere Plant: Report
Stellantis is facing a massive strike from the United Auto Workers union for the delayed reopening of its Belvidere plant.
By Israel Monte
1,000 Software, Service Employees Laid Off as GM Prioritizes Investments With ‘Greatest Impact’
General Motors has cut off over 1,000 software and service employees to prioritize investments. General Motors has laid off hundreds of salaried employees in its software and service departments.
By Israel Monte
Porsche to Provide Financial Backing in Varta's Strategic Restructuring
Porsche has agreed to provide capital to the ongoing restructuring deal of battery manufacturer Varta.
By Israel Monte
Kia’s EV9 and EV6 GT Redefine Brand's Image; Automaker Breaks Free From Budget Chains
The EV9 and EV6 GT have set a new era for automaker Kia's financial direction and brand image. The EV9 and EV6 GT may have cemented a new future for Kia's financial direction and innovation.
By Israel Monte
Stellantis Sued by US Shareholders Alleging Fraudulent Concealment of Rising Inventories
U.S.T shareholders have sued Stellantis for alleged fraudulent concealment of its inventories. Stellantis is currently under fire from shareholders in the United States.
By Israel Monte
NHTSA Concludes Preliminary Investigation Into More Than 70k Tesla Units Due to Suspension Failure
Over 70,000 Tesla units have suffered suspension failures. The National Highway Traffic Safety Administration (NHTSA) has concluded a preliminary investigation into thousands of Tesla units.
By Israel Monte
