GM isn't alone in cutting personnel this year. Legacy automakers and startups have taken similar measures as markets, ...
What do a California EV startup and a multinational automotive corporation have in common? If you answered “problems,” you ...
Last June, VW said it would invest $5 billion in Rivian as part of a new joint venture that’s focused on developing a new ...
VW’s capital to Rivian isn’t guaranteed, and neither is the success of the joint venture. Major automotive tie-ups don’t ...
German machine and car parts maker Schaeffler on Tuesday said it planned to lay off 4,700 people in Europe after its core profit almost halved in the third quarter, highlighting challenges in the ...
Was Toyota right about electric vehicles (EVs) all along? Despite leading the hybrid revolution with the Prius, Toyota has been famously hesitant about fully embracing EVs. In this video, we explore ...
That shift in strategy, coupled with the mass layoffs earlier this year ... Reporter Sean O’Kane spoke to Rivian’s chief of ...
As car makers face problems with demand and slower sales in connection with electric vehicles, Volkswagen is teaming up with ...
Rivian Chief Software Officer Wassym Bensaid told Business Insider that the company isn't chasing full self-driving but ...
The German automotive giant said that it was committing to a $5.8 billion investment to boost its transition to electric ...
And it has gone through several rounds of layoffs over the past two years. The new venture holds promise for both companies: VW gets access to Rivian’s software-first approach to auto ...
The Irvine maker of electric pickup trucks and sport utility vehicles reported lower-than-expected revenue in the third ...