Lucid Group, the U.S. automaker that produces the luxury all-electric Air sedan, is cutting its workforce by 18% as part of a restructuring, the company disclosed in a regulatory filing. The layoffs, which will affect 1,300 employees, will be completed by the end of the second quarter. Lucid expects to incur about $24 million to… Continue reading Lucid to lay off 1,300 employees in restructuring
Tag: People
Hackers could remotely turn off lights, honk, mess with Tesla’s infotainment system
Thanks to three vulnerabilities chained together, malicious hackers could remotely hack into a Tesla, turn off the lights, honk the horn, open the trunk, activate the windshield wipers and mess with the infotainment system, according to security researchers. The researchers, who work for security firm Synacktiv, found the vulnerabilities and showcased them at the Pwn2Own… Continue reading Hackers could remotely turn off lights, honk, mess with Tesla’s infotainment system
Europa Wire: Volkswagen Financial Services diversifies portfolio with first auto ABS transaction in Sweden000524
Volkswagen Financial Services diversifies portfolio with first auto ABS transaction in Sweden (IN BRIEF) Volkswagen Financial Services has placed an auto ABS transaction in Swedish kronor, becoming the first company in the market to place an auto ABS transaction based on a securitized pool of leasing contracts. The transaction has a receivables volume of SEK… Continue reading Europa Wire: Volkswagen Financial Services diversifies portfolio with first auto ABS transaction in Sweden000524
Lucid to cut 1,300 workers amid signs of flagging demand for its EVs
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters Struggling EV maker Lucid said in a regulatory filing on… Continue reading Lucid to cut 1,300 workers amid signs of flagging demand for its EVs
Ford director Kimberly Casiano on speaking up about diversity in the corporate boardroom
Morsa Images | Digitalvision | Getty Images Ford director Kimberly Casiano was the first Hispanic woman to serve on a Fortune 100 top five corporate board. A founding member of the Latino Corporate Directors Association, she also serves on the boards for Mead Johnson Nutrition and Mutual of America. Her firm, Kimberly Casiano & Associates,… Continue reading Ford director Kimberly Casiano on speaking up about diversity in the corporate boardroom
‘It’s a new day in the UAW’: Fain urges unity in the face of ‘only true enemy’
Detroit — Just a little over 24 hours into his presidency, Shawn Fain opened the United Auto Workers’ Special Bargaining Convention by declaring that the union is “ready to get back in the fight.” Fain, a challenger candidate who was sworn in as president Sunday after a lengthy runoff election that ended with him narrowly… Continue reading ‘It’s a new day in the UAW’: Fain urges unity in the face of ‘only true enemy’
UAW VP: ‘We have to start punching back’ to save Jeep plant in Illinois
Detroit — A vice president of the United Auto Workers made an impassioned call Tuesday to save an indefinitely idled Jeep plant in Illinois on day two of the Detroit-based union’s bargaining convention. “The only thing that matters is that we decide to stay together,” said Rich Boyer, UAW vice president and the head of… Continue reading UAW VP: ‘We have to start punching back’ to save Jeep plant in Illinois
Ford’s battery project among $132M in grants OK’d by state board
Lansing — Michigan’s economic development board on Tuesday approved $132 million in grants for electric vehicle and semiconductor businesses, with the largest portion of the money — roughly $120 million — going toward land acquisition and preparation at Ford Motor Co.’s planned Blue Oval Battery Park in Marshall. Additionally, semiconductor manufacturer AyDeeKay in Auburn Hills… Continue reading Ford’s battery project among $132M in grants OK’d by state board
Nuvve to Report Fourth Quarter and Full Year 2022 Financial Results on Friday, March 31, 2023
Investor conference call to be held at 10 AM Eastern Time SAN DIEGO, March 28, 2023 /PRNewswire/ — Nuvve Holding Corp. (Nasdaq: NVVE), the global leader in vehicle-to-grid (V2G) technology, announced today that it will conduct a conference call to review the financial results for the fourth quarter and full year 2022 at 10 AM… Continue reading Nuvve to Report Fourth Quarter and Full Year 2022 Financial Results on Friday, March 31, 2023
@VW Group: Happy Birthday, Touran! – More than a family car for 20 years006888
The Touran’s success story continues: Volkswagen has upgraded the popular compact van and further improved its technology to the state of the art. The Touran celebrates its 20th birthday this year and continues to impress, thanks to a spacious and variable interior, efficient engines and agile handling. In addition to a wide range of standard… Continue reading @VW Group: Happy Birthday, Touran! – More than a family car for 20 years006888