Category: Automotive

Elon Musk reportedly orders hiring freeze, 10 percent staff reduction at Tesla

Elon Musk emailed Tesla executives on Thursday, Reuters reports, telling them the company needs to pause hiring worldwide and cut its workforce by about 10 percent. At the end of 2021, Tesla said in a filing that it had 99,290 employees worldwide. In the email seen by Reuters, Musk cites his “super bad feeling” about… Continue reading Elon Musk reportedly orders hiring freeze, 10 percent staff reduction at Tesla

Singapore officially launches digital platform to ease supply chain data flow

Singapore has officially launched a centralised data platform that it says will streamline information flows across a fragmented global supply chain. The data exchange already has garnered at least 70 participants that include logistics operators, banks, and energy companies.  Called Singapore Trade Data Exchange (SGTraDex), the common data platform was first introduced in November 2020 as… Continue reading Singapore officially launches digital platform to ease supply chain data flow

Elon Musk asks Tesla execs to ‘pause all hiring,’ cut 10% of staff, amid ‘bad feeling about economy’

Elon Musk has reportedly asked Tesla executives to “pause all hiring worldwide” and cut about 10% of the staff due to what he called a “bad feeling about the economy.” Earlier this week, we reported on Elon Musk asking all Tesla employees to come back to the office or quit. Many people suspected that this… Continue reading Elon Musk asks Tesla execs to ‘pause all hiring,’ cut 10% of staff, amid ‘bad feeling about economy’

Electric car at 100 euros per month: who can be entitled to it?

During the election campaign, Emmanuel Macron had promised to set up a social leasing system to afford an electric vehicle for 100 euros per month. If he then mentioned an offer intended for the most modest households, we now know a little more about the future beneficiaries. According to the Minister of Energy Transition Agnès… Continue reading Electric car at 100 euros per month: who can be entitled to it?

German Manager Magazin: Tesla: Elon Musk wants to lay off 10 percent of the workforce001819

The electric car manufacturer Tesla apparently wants to lay off around 10 percent of its 100,000 employees and stop all recruitment. “I have a super bad feeling about economic development,” wrote the CEO Elon Musk (50) in an internal email obtained by the Reuters news agency. The email, titled “pause all hiring worldwide,” was sent… Continue reading German Manager Magazin: Tesla: Elon Musk wants to lay off 10 percent of the workforce001819

German Manager Magazin: Volkswagen: Why the conversion to a tech company is becoming a burden001818

What with Volkswagen happens is crucial for the entire German economy. With 670,000 employees, the car company is one of the largest industrial employers in Germany Germany. And Volkswagen has embarked on a path that will also determine the future of many other German industrial groups: the conversion to a tech company. After all, the… Continue reading German Manager Magazin: Volkswagen: Why the conversion to a tech company is becoming a burden001818

German Manager Magazin: Used cars: prices increase by 30 percent within a year001818

Three-year-old used cars have become more expensive by almost a third within a year. In April, a typical three-year-old petrol engine was 30.1 percent more expensive when bought in a car dealership than a comparable vehicle a year earlier, according to an analysis by market observer DAT. On average, 27,900 euros were due for the… Continue reading German Manager Magazin: Used cars: prices increase by 30 percent within a year001818

BRP REPORTS FISCAL YEAR 2023 FIRST QUARTER RESULTS

Highlights Revenues at $1,809.3 million which are similar to those of last year’s first quarter; Revenues from Year-Round products up $11.9 million at $934.4 million compared to last year’s first quarter, a record high for a first quarter; Market share gains in SSV and ATV in North American Powersports despite limited product availability; Normalized diluted… Continue reading BRP REPORTS FISCAL YEAR 2023 FIRST QUARTER RESULTS

Tollsmart Providing Toll Price Data to Google Maps

GREAT FALLS, Va., June 3, 2022 /PRNewswire/ — Tollsmart, LLC, a leading provider of detailed toll information on over ten thousand tolling locations across several continents, today announced that it is providing its toll price data to Google Maps for drivers in the US. With this information, people using Google Maps will be able to… Continue reading Tollsmart Providing Toll Price Data to Google Maps