08 Feb, 2025

LG and SK On lay off staff because it reduces EV investments in N. America

LG Power Resolution (LGES) and SK On are shedding staff because it reduces electrical automobile (EV) investments in North America. The South Korean battery suppliers are slowing their growth in North America on account of sluggish demand within the electrical automobile market.  LG Power Resolution introduced it might be shedding 170 staff at its Michigan […]

2 mins read

Ford reduces deliberate jobs, manufacturing output at Michigan EV battery plant

Ford is slicing again on its plans for a brand new electrical car (EV) battery plant in Michigan, considerably decreasing the variety of jobs it plans to supply in addition to the location’s total manufacturing capability. Though Ford has resumed work on constructing the location after halting building in September, the scope of the automaker’s […]

3 mins read

Lucid studies $137.8 million in Q3 income, reduces manufacturing outlook

Lucid Motors has reported its third-quarter earnings for a miss on analyst income estimates, and the automaker has diminished its 2023 manufacturing outlook even additional. On Tuesday, Lucid reported a Q3 income of $137.8 million after reporting final month that it delivered 1,457 items and produced 1,550 autos throughout the quarter. The startup electrical automobile […]

2 mins read

UAW reduces wage calls for forward of strike deadline

The United Auto Staff (UAW) union has lowered its wage calls for forward of a possible strike and after the union rejected contract gives from Ford, Normal Motors (GM) and Stellantis final week. After rejecting gives from the so-called “Large 3” on Friday, the UAW has lowered its pay increase calls for to throughout the […]

3 mins read

Tesla reduces Mannequin 3 stock costs within the U.S.

Tesla is dropping costs on stock Mannequin 3 items within the U.S. forward of plans to launch a refreshed model of the electrical sedan. Though Tesla has already begun promoting the Mannequin 3 refresh in plenty of markets, the automaker now appears to be decreasing stock costs within the U.S., prone to put together for […]

3 mins read

Ex-Tesla worker seeks do-over after decide reduces $137M jury award to $3.2M

Tesla’s authorized dispute with a former contract employee who accused the corporate of racial discrimination isn’t over simply but. In a current replace, Owen Diaz, who beforehand labored as an elevator operator on the Fremont Manufacturing facility, indicated that he’s looking for one other retrial. Diaz, who was awarded $3.2 million in a second trial […]

3 mins read