Henrik Fisker has informed employees that discussions are ongoing with four major automakers regarding a potential acquisition of Fisker. This announcement was made during an all-hands meeting held on Thursday, as reported by Business Insider, […]
Honda has officially announced a massive $15 billion investment to establish a comprehensive electric vehicle (EV) manufacturing ecosystem in Ontario. The investment includes the construction of four new facilities and is projected to create thousands […]
A class action lawsuit has been filed against Rivian, alleging the automaker failed to disclose important information to investors. Filed in the United States District Court for the Central District of California this week, the […]
Ford has seen a surge in electric vehicle (EV) sales in the first quarter of 2024, but the transition to electric continues to pose serious financial hurdles for the automaker. In the first quarter of […]
Tesla has given us a preview of the ride-hailing functionality that will be integrated into the Tesla mobile app ahead of the launch of the robotaxi network. In the company’s Q1 2024 earnings call, Tesla […]
Tesla has published their first-quarter earnings for 2024, revealing a mix of strategic advancements but also financial challenges. Financially, Tesla reported a decrease in total revenue to $21.3 billion, marking a 9% drop year-over-year (YoY). […]
When it comes to vehicle ownership, the price tag is just the beginning. The true cost includes the ongoing maintenance and repairs that are an inevitable part of the car-owning experience. In a recent study […]
Tesla has dropped prices of several models in multiple international markets, including China and Europe, following price reductions in the United States. In China, Tesla cut prices by ¥14,000 (C$2,650/US$1,930) for its locally produced Model […]
The Canadian government has announced an extension of its Incentives for Zero-Emission Vehicles (iZEV) program. The program was originally set to expire on March 31, 2025. The iZEV program, first launched in 2019, has been […]
Rivian has announced another round of layoffs, marking its third round of layoffs in just 12 months. The latest layoffs affected about 1% of Rivian’s workforce. This move follows previous workforce reductions of 6% in […]
