assembly plants
GM Cuts 1K Jobs In Cost-Cutting Reorganization
General Motors laid off almost 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions.
AI-led demand
Tech market values jump in September on Fed rate cuts, AI optimism
The market capitalization of many tech firms surged in September, buoyed by a Federal Reserve rate cut that typically enhances future profits and cash flows for high-growth companies.
2027 models
U.S. Commerce Department Proposes Banning Chinese And Russia-Made Software In Cars
The U.S. Commerce Department has proposed to ban Chinese and Russian-made hardware and software in internet-connected vehicles in the United States due to “national security concerns.”
2030
Volvo Walks Back Promise Of Exclusively Producing Electric Vehicles By 2030
Swedish automaker Volvo walked back their goal of solely producing electric vehicles (EVs) by the year 2030 on Wednesday, claiming that it now expects to still offer hybrid models as we enter into the next decade.
Arjen Rao
China’s robot makers chase Tesla to deliver humanoid workers
China is chasing Tesla in the race to build battery-powered humanoids expected to replace human workers building EVs on assembly lines.
Amazon
Ford Changing EV Strategy, Drops All-Electric Three-Row SUV, Division Is On Pace To Lose $5.5B This Year
Automaker Ford announced that it is recalibrating its EV strategy over concerns of not making enough profits, including getting rid of an electric SUV.
45th President
Trump Says He Would Consider Asking Elon Musk To Join His Cabinet
Former President Donald Trump said that he would consider asking X owner Elon Musk if he wanted a position in his Cabinet if he won re-election in the 2024 presidential race.
Apple
GM lays off over 1,000 salaried software, services employees
GM said Monday it is laying off more than 1,000 salaried employees at its software and service units worldwide.
active safety systems
GM Lays Off Over 1k Software And Services Employees
General Motors is laying off more than 1,000 salaried employees globally in its software and services division following a review to streamline the unit’s operations, according to CNBC.
$1 million
Ford Ends Electric Vehicle Dealership Program, Citing ‘Less Demand’ Than Anticipated
Ford Motor is discontinuing a “controversial” dealership initiative for electric vehicles, which at first required store owners to invest up to $1 million in cash in order to sell EVs.