Stellantis continued its momentum in 2021 by posting some impressive adjusted operating income for the first half of 2022. The company noted that in North America, they posted an 18.1 per cent margin. This is […]
General Motors has sold its first-ever green bonds to fund the continued electrification of its line-up. According to sources familiar with the matter, the automaker priced $2.25 billion of green bonds in two parts. The […]
A few hours after announcing record profit margins, Stallantis confirmed that the company expects to announce job cuts at the Windsor and Brampton Assembly Plants in the coming months. The company is cutting jobs to […]
Apple’s self-driving car project has gotten a boost after it appears Apple has brought in former Lamborghini executive Luigi Taraborelli. Taraborelli is known as Lamborghini’s chassis guru and brings over twenty years of experience to […]
Rivian is joining countless other tech and EV companies in announcing layoffs in preparation for a recession. Rivian announced that they would be cutting their workforce by 6 per cent in headcount. As per reporting […]
SpaceX looks to be preparing to provide Starlink internet services to mobile users in remote locations. Per PC Mag‘s reporting, SpaceX sent in an application to the Federal Communication Commission to operate a mobile satellite […]
The United States Department of Energy announced that it intends to loan $2.5 billion to Ultium Cells. Ultium Cells is a joint-venture company between LG Energy Solutions and General Motors. The loan is to help […]
Tesla is embracing the surging popularity of Formula 1 and is taking some notes on how the fastest pit crews in the world complete a service. In fact, Elon Musk took to Twitter to announce […]
Ford has developed a prototype robot charging station to help disabled drivers easily charge their vehicles. The technology would allow a driver to use their smartphone to activate a robot arm connecting the charger to […]
One of China’s largest tech companies unveiled its latest autonomous vehicle, which includes a detachable steering wheel. The Apollo RT6 from Baidu will serve as a robotaxi in China next year. As per the announcement, […]
