Kongsberg Automotive is adjusting its direct labour levels in response to a softening market, especially in the European and North American truck segments. Credit: YAKOBCHUK VIACHESLAV/Shutterstock.

In a wide-ranging update shared late Thursday afternoon, Cars.com confirmed it has initiated a cost-reduction program, which includes workforce trimming of approximately 11% of its full-time positions ...

Mondi reports it has achieved a 42% reduction in unit packaging costs with its protective packaging for online marketplace ...

July 3 (Reuters) - Kongsberg Automotive (KOA.OL), opens new tab expects around 150 roles to be affected by a cost-cutting plan as it looks to streamline operations amid soft truck demand, trade ...

Rivian keeps reducing the manufacturing costs for its EVs. In just six months, the startup slashed over $50,000 from its automotive cost of goods sold per vehicle delivered. This helped it make a ...

Automotive predictive maintenance, driven by AI, machine learning, and advanced sensors, is transforming vehicle care from reactive repairs to proactive prevention. Industry analyses project up to a ...