Another fire has broken out at the Novelis aluminum plant in Oswego, NY that supplies sheet metal for Ford’s trucks, including its all-electric F-150 Lightning. The four-alarm fire started Thursday morning and has still not been extinguished. Local news outlet CNY Central was the first to report the new blaze. The Novelis plant suffered a […]
Another fire breaks out at aluminum plant that supplies Ford Read More »
Los Angeles-based electric truck startup Harbinger has raised $160 million in a Series C funding round co-led by FedEx, as it scales up production of its commercial vehicle program. As part of the investment, FedEx has ordered 53 of Harbinger’s electric truck chassis, which the startup says will be ready by the end of this
Harbinger raises $160M, will build trucks for FedEx Read More »
Lucid Motors’ chief engineer Eric Bach is leaving the company after more than a decade, the company has announced. Bach, who also served as Lucid Motors’ Senior Vice President of Product, has been with the company since 2015. He joined Lucid after spending three years as Tesla’s Director of Engineering, where he worked alongside Lucid
Lucid Motors’ chief engineer leaves after 10 years Read More »
General Motors is laying off thousands of workers across multiple electric vehicle and battery plants in the U.S., according to multiple outlets. Around 1,200 employees at the company’s EV factory in Detroit, Michigan, are being placed on “indefinite layoff.” Further cuts and temporary layoffs are being made at GM’s Ultium Cells battery factories in Ohio
GM cuts thousands of EV and battery factory workers Read More »
Rivian has agreed to pay $250 million to settle a class-action shareholder lawsuit filed after the company suddenly hiked prices on its R1 pickup truck and SUV in 2022. The lawsuit alleged Rivian had included misleading statements and figures in regulatory filings in the run-up to its 2021 IPO about the costs required to build
Rivian will pay $250M to settle lawsuit over R1 price hike Read More »
Rivian’s founder and CEO RJ Scaringe is taking on a new role at his company as part of a restructuring ahead of next year’s launch of the R2 SUV, which involves a layoff of more than 600 employees. Scaringe told employees in an email on Thursday that he will be acting as Rivian’s chief marketing
Rivian CEO takes top marketing role in shakeup ahead of R2 launch Read More »
Tesla’s record sales quarter has offered the company a reprieve after a terrible start to 2025. But CEO Elon Musk is focused on building a “robot army” and making good on his years-long, unfulfilled promise of self-driving cars — tasks he needs to accomplish if he is to unlock the full value of the $1
Elon Musk frets over controlling Tesla’s ‘robot army’ as car biz rebounds slightly Read More »
Tesla delivered a record number of vehicles in the third quarter of 2025, thanks in large part to a rush of customers in the United States who took advantage of the expiring federal EV tax credit. But that record quarter did not lead to greater earnings. In fact, Tesla’s third-quarter profit was still 37% lower
Tesla’s record sales quarter barely boosted profit Read More »
General Motors is abandoning its BrightDrop electric delivery vans, just four years after introducing the vehicles. The company announced Tuesday alongside third-quarter earnings that it made the decision because the “commercial electric delivery van market developed much slower than expected.” GM also blames the “changing regulatory environment and the elimination of tax credits in the
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Tesla has spent more than a year teasing that “more affordable models” of its vehicles were on the way, and on Tuesday, the company finally revealed them. The company is now selling a more bare-bones version of the Model 3 sedan and the Model Y SUV, which start at $36,990 and $39,990, respectively The new
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