Tag: industry

Laid Off Tesla Supercharger Employee Predicts Network Quality Will “Deteriorate”

Laid Off Tesla Supercharger Employee Predicts Network Quality Will “Deteriorate” | Carscoops <!—-><!– –><!– –><!—-><!—-> Former employee says Supercharger team already had more work than it could manage before layoffs 5 hours ago <!––> <!– –> A former Tesla employee says the Supercharger team depended on overworked employees before layoffs Now that the team has […]

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Zeekr Going Public In The U.S. This Week With A $5.1 Billion Valuation

Zeekr Going Public In The U.S. This Week With A $5.1 Billion Valuation | Carscoops <!—-><!– –><!– –><!—-><!—-> The Chinese manufacturer aims to raise approximately $367.5 million https://www.carscoops.com/author/bradcarscoops-com/ <!––> by Brad Anderson May 7, 2024 at 08:30 <!––> <!– –> The founder and chairman of Zeekr will still control almost 75% of shareholder voting power. […]

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Magna Steyr “Assumes” It Won’t Be Building Any More Fisker Oceans

Magna Steyr “Assumes” It Won’t Be Building Any More Fisker Oceans | Carscoops <!—-><!– –><!– –><!—-><!—-> With the EV startup close to bankruptcy, it appears increasingly likely that the Ocean is dead in the water https://www.carscoops.com/author/bradcarscoops-com/ <!––> by Brad Anderson 1 hour ago <!––> <!– –> The contract manufacturer will lose about $400 million in […]

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US Drops $100 Million To Boost Domestic EV Parts Production

US Drops $100 Million To Boost Domestic EV Parts Production | Carscoops <!—-><!– –><!– –><!—-><!—-> The Department of Energy will provide $100 million in funding to help small and medium suppliers make parts for EVs 5 hours ago <!––> <!– –> Vice President Kamala Harris is in Detroit today, announcing $100 million in funding to […]

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Fisker Sued Again, Now By Engineering Firm Working On Pear And Alaska

Fisker Sued Again, Now By Engineering Firm Working On Pear And Alaska | Carscoops <!—-><!– –><!– –><!—-><!—-> Fisker is in even more trouble as an engineering partner has sued it for $13 million over unpaid fees and damages 1 hour ago <!––> <!– –> Fisker is being sued for almost $13 million by a German […]

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Don’t Be A Sucker! Toyota Corolla Buyer Teaches Us How To Beat Dealer Markups

Don’t Be A Sucker! Toyota Corolla Buyer Teaches Us How To Beat Dealer Markups | Carscoops <!—-><!– –><!– –><!—-><!—-> One man walked into a dealer and convinced them to chop almost 10 percent of the selling price of a Corolla Hybrid 6 hours ago <!––> <!– –> A car shopper strolled into a Toyota dealership […]

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China’s Auto Glut Seeks Global Escape: 40M Capacity, 123 Brands, Only 22M Buyers

China’s Auto Glut Seeks Global Escape: 40M Capacity, 123 Brands, Only 22M Buyers | Carscoops <!—-><!– –><!– –><!—-><!—-> Chinese automakers produce twice as many vehicles as local consumers can buy. So why is the government still subsidizing the industry? 4 hours ago <!––> <!– –> China’s auto industry has the capacity to build 40 million […]

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What Is Tesla Doing With $17M In Federal Charging Grants After Firing Supercharger Team?

What Is Tesla Doing With $17M In Federal Charging Grants After Firing Supercharger Team? | Carscoops <!—-><!– –><!– –><!—-><!—-> Reports suggest that Tesla might have to rehire some of its laid off staff to grow the Supercharger network May 3, 2024 at 18:00 <!––> <!– –> Tesla laid off its entire Supercharger team recently of […]

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MIT conductive concrete consortium cements five-year research agreement with Japanese industry

The MIT Electron-conductive Cement-based Materials Hub (EC^3 Hub), an outgrowth of the MIT Concrete Sustainability Hub (CSHub), has been established by a five-year sponsored research agreement with the Aizawa Concrete Corp. In particular, the EC^3 Hub will investigate the infrastructure applications of multifunctional concrete — concrete having capacities beyond serving as a structural element, such […]

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Mercedes Changes Leadership At Alabama Plant After Union-Busting Claims

Mercedes Changes Leadership At Alabama Plant After Union-Busting Claims | Carscoops <!—-><!– –><!– –><!—-><!—-> Mercedes workers in Alabama are just weeks away from voting to join the UAW 4 hours ago <!––> <!– –> Mercedes reassigned the head of its U.S. manufacturing arm shortly before workers at its Alabama assembly plant vote on whether to […]

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Stellantis Hiring $50,000 Engineers In Brazil And India Instead Of $150,000 Ones In America

Stellantis Hiring $50,000 Engineers In Brazil And India Instead Of $150,000 Ones In America | Carscoops <!—-><!– –><!– –><!—-><!—-> Automakers already build cars where it’s cheap, now they’re engineering them there to cut costs and compete with China, reports says https://www.carscoops.com/author/chris-chilton-cc/ <!––> by Chris Chilton 12 hours ago <!––> <!– –> Stellantis is hiring engineers […]

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Hertz Is Off-Loading An Extra 10,000 EVs Due To Massive Depreciation

Hertz Is Off-Loading An Extra 10,000 EVs Due To Massive Depreciation | Carscoops <!—-><!– –><!– –><!—-><!—-> The company has lost hundreds of millions of dollars due to the depreciation of used Teslas https://www.carscoops.com/author/bradcarscoops-com/ <!––> by Brad Anderson 3 hours ago <!––> <!– –> Hertz is off-loading an additional 10,000 electric vehicles from its fleet because […]

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Stellantis Open To Selling Future BEVs With Combustion Engines

Stellantis Open To Selling Future BEVs With Combustion Engines | Carscoops <!—-><!– –><!– –><!—-><!—-> The car manufacturer acknowledges the shift to an all-electric line-up won’t be as easy as first thought https://www.carscoops.com/author/bradcarscoops-com/ <!––> by Brad Anderson 5 hours ago <!––> <!– –> Stellantis plans to have 75 battery-electric nameplates in its range by 2030. The […]

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Rise Of E-Commerce Means Delivery Vans Must Become Safer, IIHS Says

Rise Of E-Commerce Means Delivery Vans Must Become Safer, IIHS Says | Carscoops <!—-><!– –><!– –><!—-><!—-> If every delivery van in America had forward crash prevention, 77,000 crashes per year could be avoided 4 hours ago <!––> <!– –> Delivery vans have become more important than ever, but they aren’t equipped with as many safety […]

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Toyota’s California R&D Center Becomes Its Hydrogen Headquarters

Toyota’s California R&D Center Becomes Its Hydrogen Headquarters | Carscoops <!—-><!– –><!– –><!—-><!—-> The newly named facility will handle all hydrogen research and development for Toyota Motor North America 4 hours ago <!––> <!– –> Toyota Motor North America’s California R&D will be renamed the Hydrogen Headquarters. The facility will handle all of Toyota’s hydrogen […]

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UAW Claim Contract Win At Daimler Truck Plant, Mercedes Is Up Next

UAW Claim Contract Win At Daimler Truck Plant, Mercedes Is Up Next | Carscoops <!—-><!– –><!– –><!—-><!—-> The UAW’s president says the clock has run out on corporate greed and “today belongs to the working class” https://www.carscoops.com/author/bradcarscoops-com/ <!––> by Brad Anderson 4 hours ago <!––> <!– –> Employees at the Mercedes plant in Vance, Alabama […]

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Two Senior Tesla Execs Leave The Company, Hundreds More Layoffs Reportedly Coming

Two Senior Tesla Execs Leave The Company, Hundreds More Layoffs Reportedly Coming | Carscoops <!—-><!– –><!– –><!—-><!—-> Elon Musk allegedly told staff via email that Tesla needed to be “hardcore” about headcount and cost reduction https://www.carscoops.com/author/chris-chilton-cc/ <!––> by Chris Chilton 1 hour ago <!––> <!– –> Senior director at Supercharger business and head of new […]

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American EV Buyers’ Awareness Of Chinese Brands Should Worry Detroit

American EV Buyers’ Awareness Of Chinese Brands Should Worry Detroit | Carscoops <!—-><!– –><!– –><!—-><!—-> More than half of U.S. drivers thinking about buying an EV were familiar with Chinese automaker names https://www.carscoops.com/author/chris-chilton-cc/ <!––> by Chris Chilton April 28, 2024 at 16:10 <!––> <!– –> More than half of would-be EV buyers in America already […]

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Fisker CEO Reportedly In Talks With 4 Automakers For Possible Buyout

Fisker CEO Reportedly In Talks With 4 Automakers For Possible Buyout | Carscoops <!—-><!– –><!– –><!—-><!—-> The rollercoaster ride that is Fisker continues with this latest announcement 5 hours ago <!––> <!– –> Fisker is reportedly in talks with four automakers for a possible acquisition to avoid bankruptcy. The company recently missed a debt payment, […]

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Stellantis Halts Production At Three Euro Plants Due To Supplier Strike

Stellantis Halts Production At Three Euro Plants Due To Supplier Strike | Carscoops <!—-><!– –><!– –><!—-><!—-> The car manufacturer hasn’t provided a date as for when production will resume https://www.carscoops.com/author/bradcarscoops-com/ <!––> by Brad Anderson 4 hours ago <!––> <!– –> The production stop impacts two factories in France and one in the UK. Vehicles produced […]

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Honda Pours $11 Billion To Build EVs In Canada’s Biggest Auto Investment Ever

Honda Pours $11 Billion To Build EVs In Canada’s Biggest Auto Investment Ever | Carscoops <!—-><!– –><!– –><!—-><!—-> Honda is establishing Canada’s first comprehensive EV supply chain 2 hours ago <!––> <!– –> Honda is making the largest ever investment in Canada’s auto industry. Honda will spend $11 billion to establish a comprehensive EV supply […]

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GM Boss Earned $27.8 Million Last Year But Stellantis CEO Led The Way With $39 Million

GM Boss Earned $27.8 Million Last Year But Stellantis CEO Led The Way With $39 Million | Carscoops <!—-><!– –><!– –><!—-><!—-> Carlos Tavares’ compensation package swelled by 56% from 2022 thanks to a record-breaking year for Stellantis https://www.carscoops.com/author/bradcarscoops-com/ <!––> by Brad Anderson 5 hours ago <!––> <!– –> General Motors chief executive Mary Barra earned […]

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Stellantis Production Threatened As Judge Rejects Bid To Force Parts Supply

Stellantis Production Threatened As Judge Rejects Bid To Force Parts Supply | Carscoops <!—-><!– –><!– –><!—-><!—-> Stellantis will have to continue paying its supplier, MacLean-Fogg, in order to receive transmission parts in the U.S. 5 hours ago <!––> <!– –> Judge Michael Warren has ruled that Stellantis must pay its supplier to continue receiving transmission […]

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Fisker Faces Bankruptcy After Missing $8.4M Payment, Hires Restructuring Officer

Fisker Faces Bankruptcy After Missing $8.4M Payment, Hires Restructuring Officer | Carscoops <!—-><!– –><!– –><!—-><!—-> Fisker says it will have to file for bankruptcy within 30 days if it doesn’t get debt relief in the U.S. April 24, 2024 at 14:06 <!––> <!– –> Fisker missed a required interest payment worth $8.4 million, and says […]

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Mexico Finds Itself In Profitable But Risky Spot Between China And U.S.

Mexico Finds Itself In Profitable But Risky Spot Between China And U.S. | Carscoops <!—-><!– –><!– –><!—-><!—-> Mexico has become a battleground in the trade war between China and the U.S. as Chinese automakers set up shop there in order to circumvent import taxes 5 hours ago <!––> <!– –> Chinese and American carmakers are […]

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Tesla Will Axe Almost 2,700 Jobs From Texas HQ

Tesla Will Axe Almost 2,700 Jobs From Texas HQ | Carscoops <!—-><!– –><!– –><!—-><!—-> Layoffs represent a 12 percent cut in Tesla’s headcount in the Austin area https://www.carscoops.com/author/chris-chilton-cc/ <!––> by Chris Chilton 4 hours ago <!––> <!– –> Tesla to lay off 2,688 from its Texas site. Redundancies amount to a 12 percent cut in […]

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