Carvana Co. will lay off more workers and take other measures such as reduced work hours as the used-car retailer contends with weak sales, The Wall Street Journal reported on Friday. The company was letting open positions go unfilled and several operations teams were working fewer than 30 hours a week or four-day work weeks, […]
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Toyota Motor Corp. confirmed it will sit out the Super Bowl for the first time since 2017. “Every year we evaluate this advertising opportunity to support upcoming product launches or key Toyota moments,” the company said in a statement Friday. “This year’s timing did not align for our brand.” The brand did not say where
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Elon Musk can’t count on the head of Saudi Arabia’s sovereign wealth fund to help his defense at an upcoming trial over claims by investors that the Tesla Inc. CEO defrauded them in 2018. Through their lawyers, Yasir Al-Rumayyan and other officials from the kingdom’s Public Investment Fund argued to the judge overseeing the case
Saudi wealth fund refuses to testify at Musk’s Tesla fraud trial Read More »
Godzilla lives for another year. On Thursday in Japan the 2024 Nissan GT-R debuted with revised aerodynamics, tweaked fascias, and the return of both the T-spec and some notable heritage colors. Nissan hasn’t said how much the revised 2024 GT-R will cost when it goes on sale in the spring. The timing will mark a
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Stolen $400k Porsche 911 GT3 RS From Canada Allegedly Listed For Sale In Dubai | Carscoops Some evidence suggests that it could be the same car and its future is uncertain by Stephen Rivers 6 hours ago by Stephen Rivers Last year, a Canadian man reported his rare 997-generation 2012 Porsche 911 GT3 RS as
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ANN ARBOR, Mich. — Vice President Kamala Harris highlighted investments in U.S. auto production and manufacturing in a visit to Michigan for a federal environmental policy talk. Electric vehicle and battery production is critical to “building a clean energy economy,” Harris said.Energy Secretary Jennifer Granholm joined Harris in Ann Arbor for the Thursday conversation about climate
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The U.S. Department of Energy awarded $42 million in funding for 12 R&D projects aiming to develop advanced electric vehicle batteries. The funding will strengthen the domestic supply chain for EV batteries, the DOE said in a statement Wednesday. The projects selected are part of the DOE’s Advanced Research Projects Agency-Energy Electric Vehicles for American
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An expansion of Tesla Inc.’s plant in Shanghai has been delayed, according to people familiar with the matter, over data concerns that risk putting a roadblock in the way of the U.S. EV maker’s ambition to keep growing in China. The so-called phase-three expansion originally slated to start mid-year would have seen the plant’s capacity
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Furious Hotel Guest Rams Audi Through Lobby After Argument | Carscoops Fortunately, no one was injured, but the 28-year-old driver has been detained by Sebastien Bell 3 hours ago by Sebastien Bell An angry hotel guest in Shanghai lost his cool on the morning of January 10 and drove his Audi A5 convertible through the
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OTTAWA – Canada and Mexico have won their challenge to the U.S. interpretation of content rules for autos under the new North American trade pact, a dispute panel ruled on Wednesday, a decision that favors parts makers north and south of the U.S. border. A year ago Canada and Mexico filed a complaint against the
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