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 »
The Jeep Recon, an all-electric SUV with an estimated 250 miles of range, is here, and I couldn’t be more surprised. Here’s why. Three years ago, Jeep unveiled how it was reshaping its portfolio with the launch of three EVs — two of which were bound for the North American market by 2024. The all-electric
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Tesla received a ride-hailing permit this week from Arizona regulators, opening the door for the automaker to begin operating a robotaxi service in the state. A spokesperson with Arizona Department of Transportation (ADOT) told TechCrunch the automaker applied for a Transportation Network Company (TNC) permit on November 13. Tesla met the requirements to operate as a
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 »
Einride said Wednesday it plans to go public via a merger with a special purpose acquisition company, just six weeks after the Swedish electric and autonomous truck startup raised $100 million from investors. The SPAC merger with Legato Merger Corp. values Einride at $1.8 billion in pre-money equity, according to the companies. The deal is
Self-driving trucks startup Einride plans to go public via a SPAC Read More »
Norway’s sovereign wealth fund has voted against a Tesla proposal to give CEO Elon Musk a compensation package worth $1 trillion. The fund, which is managed by Norges Bank Investment Management, holds a 1.14% stake in Tesla valued at about $11.7 billion, according to its mid-year filings in June. “While we appreciate the significant value
Norway’s wealth fund vote is latest blow to Musk’s $1 trillion pay package 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
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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 »
