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.
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Tag: electric vehicles
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.
Read More Ford Ends Electric Vehicle Dealership Program, Citing ‘Less Demand’ Than Anticipated
Biden Administration Announces Additional Tariffs On Chinese Imports
The Biden administration unveiled a new round of tariffs on $18 billion of Chinese imports. The White House said the tariff increases will protect American workers and businesses in response to China’s unfair trade practices.
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Trump Accepts Biden Campaign’s Debate Proposal For June And September: ‘Let’s Get Ready To Rumble!’
45th President Donald Trump said Wednesday that he is “ready and willing” to debate President Joe Biden after the Biden campaign made the proposal of holding two debates, one in June and one in September.
Read More Trump Accepts Biden Campaign’s Debate Proposal For June And September: ‘Let’s Get Ready To Rumble!’
Exclusive: In Tesla Autopilot probe, US prosecutors focus on securities, wire fraud
Prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its self-driving capabilities.
Read More Exclusive: In Tesla Autopilot probe, US prosecutors focus on securities, wire fraud
Tesla to lay off more than 10% of staff globally as sales fall
Tesla will lay off more than 10% of its global workforce as it grapples with falling sales and an intensifying price war for EVs.
Read More Tesla to lay off more than 10% of staff globally as sales fall