GM cutting another 1,000 jobs despite growing profits. Here's why
GM isn't alone in cutting personnel this year. Legacy automakers and startups have taken similar measures as markets, ...
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Policy Recommendations for the President-Elect, Stanley Black & Decker Drops a Hint: IndustryWeek's Weekly Reads
Stanley Black & Decker CFO Hints at Sale of Aerospace Unit: The holding company’s leaders are looking to lower their debt ...
Will Rivian be Volkswagen’s software savior? VW is betting $5.8B it will
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here ...
Beleaguered Rivian, VW Ink Joint Venture
What do a California EV startup and a multinational automotive corporation have in common? If you answered “problems,” you ...
Boeing delivers layoff notices to 17,000 workers amid financial struggles
Boeing started issuing layoff notices Wednesday to 17,000 employees to cut 10% of its workforce in an effort to shore up the ...
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Volkswagen increases Rivian investment as $5.8 billion EV joint venture officially launches
Volkswagen has increased its planned investment in the electric automaker Rivian through a joint venture that officially ...
How VW Got A 'Wake-Up Call' That Sparked A Rivian Team-Up
VW’s big wake-up call was the Shanghai auto show in April 2023, when the carmaker saw firsthand that digital features such as ...
VW's $5.8 billion investment in Rivian isn't guaranteed. Here are the milestones the EV maker needs to hit
VW’s capital to Rivian isn’t guaranteed, and neither is the success of the joint venture. Major automotive tie-ups don’t ...
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Rivian and VW Finalize Joint EV Venture
Volkswagen Group and Rivian have launched a $5.8 billion joint venture to develop SDV software and scale next-gen electric ...
VW and Rivian officially kick off $5.8 billion joint venture, announce leadership
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 ...
EV maker Rivian falls short of revenue projections for third quarter
The Irvine maker of electric pickup trucks and sport utility vehicles reported lower-than-expected revenue in the third ...
Schaeffler to cut thousands of jobs, hit by weak auto and industrial units
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 ...