Investors are seeking billions of dollars in damages for their losses after Mr. Musk posted a proposal on Twitter that never materialized. Go to Source
Category: US Motoring Press
Uber Drivers Say They Are Struggling: ‘This Is Not Sustainable’
Drivers’ hourly earnings have increased since 2018, but the company sued to block their raise last year and inflation has taken a toll. Go to Source
Mercedes-Benz Plans to Build U.S. Electric Car Charging Network
The network could help increase the low number of charging stations, encouraging more people to buy electric vehicles. Go to Source
Tesla Sales in China Slump as Competition Intensifies
Worry about the carmaker’s sales in the world’s largest car market is one reason the shares have plunged. Go to Source
Tesla Car Sales Grow Slower Than Expected, Amplifying Concerns
Wall Street has grown decidedly pessimistic about Tesla, fearful that Elon Musk, its chief executive, is too focused on Twitter. Go to Source
Tesla Had a Bad Year. Some Investors Are Blaming Elon Musk.
Investors blame Elon Musk and wonder how much more the stock will fall. Go to Source
Jeep Plant Shutdown Imperils Illinois Town and 1,350 Workers
Stellantis plans to idle the factory, which makes the Cherokee, as it shifts to electric vehicles. Labor talks and a union election may be affected. Go to Source
Black Ice and White Knuckles: Braving the Elements on Iceland’s Ring Road
In summer, the roughly 830-mile route offers drivers midnight sun, along with plenty of traffic. Other times of the year, its snowy delights are more solitary, and slippery. Go to Source
Saudi Aramco backs Brooklyn-based startup turning ammonia into fuel
In the race to find cleaner fuels, the heavy duty transportation sector is woefully behind because batteries don’t have enough juice to power trucks and ships. Enter ammonia. New technology and new companies are working on turning ammonia into hydrogen to power tractors, trucks and even ships. The heavy duty trucking industry alone accounts for… Continue reading Saudi Aramco backs Brooklyn-based startup turning ammonia into fuel
Rivian to lay off 6% of its workforce as EV price war concerns grow
Workers inspect a Rivian R1T electric vehicle (EV) pickup truck on the assembly line at the company’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022. Jamie Kelter Davis | Bloomberg | Getty Images Electric truck maker Rivian Automotive said it is laying off 6% of its workforce in a bid to conserve… Continue reading Rivian to lay off 6% of its workforce as EV price war concerns grow