Tesla will suspend production at its U.S. factories until at least May 4 due to the COVID-19 pandemic, prompting the company to cut pay for salaried employees between 10% and 30% and furlough workers, according to an internal email sent Tuesday night and viewed by TechCrunch. Pay cuts for salaried employees — which ranges from… Continue reading Tesla to cut salaries, furlough workers as COVID-19 shutdowns expected to last until May 4
Tag: Tesla
Tesla updates its solar subscription program – making cost of removing system vague
Tesla has updated its solar subscription program – making the cost of removing a solar array from someone’s roof vague. Over the last year, Tesla has been trying to revamp its solar business. Not just with the new solar roof products, but also with more traditional solar panels on existing roofs, which still represents most… Continue reading Tesla updates its solar subscription program – making cost of removing system vague
Qcraft raises over $24 million to train autonomous vehicle systems in simulation – VentureBeat
Qcraft, a robotics startup focused on autonomous vehicle (AV) development, this morning announced it has raised over $24 million in seed funding. (A spokesperson wouldn’t disclose the exact amount, but said it’s in the “dozens of millions.”) The company says it will use the capital to further develop its large-scale intelligent simulation platform, which generates… Continue reading Qcraft raises over $24 million to train autonomous vehicle systems in simulation – VentureBeat
Tesla is dismissing contractors from its California and Nevada factories, sources say
Tesla Chief Executive Office Elon Musk speaks at his company’s factory in Fremont, California. Noah Berger | Reuters Tesla is letting go of contractors from its U.S. car and battery plants, according to three workers and correspondence shared with CNBC. The company is cutting contractors from its workforce, both in its vehicle factory in Fremont,… Continue reading Tesla is dismissing contractors from its California and Nevada factories, sources say
Tesla Model Y teardown: wiring and body casting impress expert
Tesla Model Y’s wiring architecture and body casting, especially at the rear, is not disappointing in the first teardown of the new electric SUV. As we reported yesterday, Sandy Munro, a manufacturing expert who rose to fame in the Tesla community after his breakdown of an early Model 3, is doing the first teardown of… Continue reading Tesla Model Y teardown: wiring and body casting impress expert
Ford CEO Jim Hackett received $17.36 million in compensation in 2019
Ford Motor Co. CEO Jim Hackett in 2019 received $17.36 million in total compensation, the Dearborn automaker reported in a Friday filing with the Securities and Exchange Commission. Hackett’s income last year, his second full year as CEO, fell 2.2% from the $17.75 million the chief executive was paid in 2018. While Hackett’s base salary was steady at $1.8 million and his stock awards were… Continue reading Ford CEO Jim Hackett received $17.36 million in compensation in 2019
Autoliv Taps Brakes on Dividend Payout, Withdraws ’20 View
Autoliv, Inc. ALV recently canceled its quarterly dividend scheduled for Jun 4 and suspended future dividends until further notice. It also withdrew the 2020 guidance to preserve cash as vehicle sales drop on the coronavirus outbreak. The company also drew the remaining $600 million from its revolving credit facility of $1 billion. Notably, it had… Continue reading Autoliv Taps Brakes on Dividend Payout, Withdraws ’20 View
@Hyundai: Hyundai Motor Group Appoints J. Scott Drennan as Vice President of Urban Air Mobility Division
Drennan brings more than 25 years of experience in engineering and innovation with a focus in vertical take-off and landing (VTOL) aircraft Hyundai Motor Group is positioning itself to lead the UAM industry with the aim of bringing integrated smart mobility solutions to help vitalize cities and improve lives Hyundai Motor Group (the Group) announced… Continue reading @Hyundai: Hyundai Motor Group Appoints J. Scott Drennan as Vice President of Urban Air Mobility Division
Nio’s Electric Power Engineering Chief Quits Admit Restructuring: Report
Huang Chendong, who is in charge of Nio Inc – ADR’s (NYSE: NIO) electric power engineering team, will leave his post by June 30, Chinese media outlet 36Kr reported, which said the news was confirmed by management. Chendong was promoted to the role of senior vice president in October and is reporting directly to CEO William… Continue reading Nio’s Electric Power Engineering Chief Quits Admit Restructuring: Report
Lucid Motors pushes back the unveiling of its long-awaited electric sedan – Engadget
Sponsored Links Lucid Motors Back in January, Lucid Motors announced that it’s finally unveiling the production model of its electric sedan in April three years after it was first revealed. The company was supposed to launch the car next week at the New York Auto Show, but the event was postponed until August due to… Continue reading Lucid Motors pushes back the unveiling of its long-awaited electric sedan – Engadget