Volkswagens are seen in the employee parking lot at the Volkswagen automobile assembly plant on March 20, 2024 in Chattanooga, Tennessee. Elijah Nouvelage | Getty Images DETROIT – The United Auto Workers notched a big win this weekend. Volkswagen workers in Chattanooga, Tennessee, overwhelmingly voted in favor of joining the UAW late Friday – marking… Continue reading What investors should know about the UAW’s organizing drive of VW
Author: CNBC Online news
VW workers in Tennessee vote to join UAW in historic win for Detroit union
Kelcey Smith displays UAW buttons in Chattanooga, Tennessee on April 10, 2024. Kevin Wurm | The Washington Post | Getty Images Volkswagen workers in Chattanooga, Tennessee, have overwhelmingly voted to join the United Auto Workers — marking a major milestone for the union and its first successful organizing drive of an automaker outside of Detroit’s… Continue reading VW workers in Tennessee vote to join UAW in historic win for Detroit union
Tesla recalls Cybertruck over ‘trapped pedal’ issue seen in owner’s viral TikTok video
Tesla’s new Cybertruck is shown on display at a Tesla store in San Diego, California, on Dec. 9, 2023. Mike Blake | Reuters Tesla has issued a voluntary recall of 3,878 Cybertrucks to fix a “stuck pedal” issue that had been depicted in a viral TikTok video posted last week by owner Jose Martinez. A… Continue reading Tesla recalls Cybertruck over ‘trapped pedal’ issue seen in owner’s viral TikTok video
Inside the world of flying cars, or eVTOLs, which are moving closer to reality
Alef Aeronautics wants to start delivering its $300,000 Model A flying car to customers by 2025. Source: Alef Aeronautics What if flying around in an electric vehicle is a key part of the way you travel in the future? That’s what dozens of companies around the world are betting on. EVTOLs, or electric vertical take-off… Continue reading Inside the world of flying cars, or eVTOLs, which are moving closer to reality
Here’s why so many electric vehicle startups fail
As the electric vehicle industry faces a string of high-profile failures, several startups that have surfaced in recent years have underestimated their capital needs by billions of dollars, industry insiders said. Many of the companies that have tried to bring products to market or go public, especially through Special Purpose Acquisition Companies, or SPACs, are… Continue reading Here’s why so many electric vehicle startups fail
Elon Musk email says Tesla sent ‘incorrectly low’ severance packages to laid-off employees
Elon Musk, Chief Executive Officer of Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023. Gonzalo Fuentes | Reuters Tesla CEO Elon Musk sent an internal email on Wednesday, telling staffers that… Continue reading Elon Musk email says Tesla sent ‘incorrectly low’ severance packages to laid-off employees
Tesla is laying off 285 employees in Buffalo, New York as part of a broad restructuring
Vehicles sit parked outside the Tesla Inc. solar panel factory in Buffalo, New York, U.S., on Wednesday, Dec. 26, 2018. Andrew Harrer | Bloomberg | Getty Images Tesla is laying off 285 employees in the state of New York as part of a broader restructuring according to a WARN notice filed in the state. Most… Continue reading Tesla is laying off 285 employees in Buffalo, New York as part of a broad restructuring
China’s BYD fires up its car offerings to compete with Tesla and Jeep at the same time
BYD unveiled three new cars for its Fang Cheng Bao brand on April 16, 2024, in Shenzhen. This vehicle, the Super 3 SUV, comes with a drone port on its roof. CNBC | Evelyn Cheng SHENZHEN – Chinese electric car company BYD is rapidly expanding its lineup to include vehicles that compete with traditional automakers… Continue reading China’s BYD fires up its car offerings to compete with Tesla and Jeep at the same time
Republican governors from six states condemn UAW campaigns, citing potential for layoffs
Striking United Auto Workers members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan, on Sept. 29, 2023. Rebecca Cook | Reuters DETROIT — Republican governors of six states on Tuesday condemned the United Auto Workers’ push to organize automotive factories in the South, warning the union’s efforts could lead to layoffs… Continue reading Republican governors from six states condemn UAW campaigns, citing potential for layoffs
Volkswagen union vote in Tennessee to test UAW’s power after victories in Detroit
A Volkswagen automobile assembly plant is seen on March 20, 2024 in Chattanooga, Tennessee. Elijah Nouvelage | Getty Images DETROIT — Volkswagen workers in Chattanooga, Tennessee, will vote this week on whether to organize with the United Auto Workers in a key test of the union’s sway. A victory would give the UAW its first… Continue reading Volkswagen union vote in Tennessee to test UAW’s power after victories in Detroit