PALO ALTO, CA - According to an internal memo obtained by media outlet Reuters on Monday, electric vehicle (EV) manufacturer Tesla – amid falling sales and intense competition from other automakers entering the EV market – will officially be laying off over 10 percent of its workforce globally, starting this week. In the memo sent to all staff members, Tesla CEO Elon Musk … [Read more...] about Amid Falling Sales, Intense Competition, EV Maker Tesla to Lay Off 10% of Workforce
Hyundai, Kia, and Genesis Issue Massive Recall for Over 147,000 Electric Vehicles
WASHINGTON D.C. - Automakers Hyundai, Kia, and Genesis have been forced to issue a massive recall for a wide variety of over 147,000 of their electric vehicles (EVs) due to issues that could result in potential power loss to their wheels, according to a filing with the National Highway Traffic Safety Administration (NHTSA). The recall stems from the Integrated Charging … [Read more...] about Hyundai, Kia, and Genesis Issue Massive Recall for Over 147,000 Electric Vehicles
Baltimore Bridge Collapse Leading to Shipping Challenges for Major Automakers
BALTIMORE, MD - The total collapse of Baltimore’s Francis Scott Key Bridge – caused by a collision from a massive, 948-foot container ship that tragically resulted in six people missing and presumed dead – has had a lasting impact upon numerous industries in its wake, including automakers. Reports indicate that multiple major automotive manufacturers are facing serious … [Read more...] about Baltimore Bridge Collapse Leading to Shipping Challenges for Major Automakers
EPA Releases Final Updated Rules Regulating National Pollution Standards
WASHINGTON, D.C. - After initially releasing proposed rules in spring 2023 and subsequently holding a public comment period in order to fine-tune them, the Environmental Protection Agency (EPA) has announced the final updated guidelines that will be imposed upon model year 2027-to-2032 cars and trucks regarding national pollution standards. The move, the Biden … [Read more...] about EPA Releases Final Updated Rules Regulating National Pollution Standards
After Investment in 100,000 Tesla’s Fails, Stephen Scherr Steps Down as Hertz CEO
ESTERO, FL - Hertz turned heads back in 2021 when the automobile renter announced that they would be purchasing a whopping 100,000 Tesla's to add to their fleet in an effort to embrace electric vehicle (EV) technology that CEO Stephen Scherr was betting would represent the future of his company. This development came just six months after Hertz narrowly avoided having to … [Read more...] about After Investment in 100,000 Tesla’s Fails, Stephen Scherr Steps Down as Hertz CEO