Volkswagen is “actively” looking to establish new assembly and battery facilities in the U.S., Volkswagen of America CEO Scott Keogh told CNBC on Wednesday. Go to Source
Author: CNBC Online news
Shares of Chinese EV maker BYD jump after exec says company is set to supply batteries to Tesla
A senior executive at China’s BYD said during a Chinese state media interview that the firm is poised to supply Tesla with batteries “very soon.” Go to Source
Texas Attorney General Ken Paxton launches Twitter bots probe after Musk’s public complaints
Ken Paxton, the attorney general of Texas, is investigating Twitter over its reported user numbers. Go to Source
Solid Power, backed by Ford and BMW, begins pilot production of innovative EV battery with longer range and quicker recharging
Solid Power has begun pilot production of its new solid-state EV battery, offering better range and shorter recharging. Go to Source
‘Lots of luck on his trip to the moon’: Biden shrugs off Elon Musk’s economic fears, touts Ford investments
The president had been asked about Musk after a speech in Delaware touting the solid jobs report released earlier Friday. Go to Source
Here’s the email Elon Musk sent all Tesla employees about 10% head count reduction
Tesla is cutting 10% of its salaried employees CEO Elon Musk wrote in an email to all employees there on Friday. Go to Source
Tesla shares dip more than 9% on Elon Musk’s plans to cut workforce
Tesla shares dip on hiring freeze, Elon Musk’s ‘super bad feeling’ about the economy Go to Source
Tesla monitored its employees on Facebook with help of PR firm during 2017 union push
Records show that Tesla paid MWW PR to monitor workers online in 2017, including in a Tesla employee Facebook group. They paid special attention to organizers. Go to Source
Cruise gets green light for commercial robotaxi service in San Francisco
Riders will soon be able to pay for a driverless taxi ride in San Francisco from Cruise, which is majority-owned by General Motors. Go to Source
Ford’s U.S. sales decline narrowed in May as demand remained high for its electric vehicles and pickups
Ford said its sales decline was narrower than the overall industry’s, helped by demand for the company’s latest products as the chip shortage lingered. Go to Source