UAW VW organizing drive: What investors should know

Volkswagens are seen in the employee parking lot at the Volkswagen automobile assembly plant on March 20, 2024 in Chattanooga, Tennessee. Elijah Nouvelage | Getty Images DETROIT – The United Auto Workers notched a big win this weekend. Volkswagen workers in Chattanooga, Tennessee, overwhelmingly voted in favor of joining the UAW – marking the Detroit … Read more

VW workers in Tennessee vote to join UAW in historic win for union

Kelcey Smith displays UAW buttons in Chattanooga, Tennessee on April 10, 2024.  Kevin Wurm | The Washington Post | Getty Images The United Auto Workers late-Friday said Volkswagen employees in Chattanooga, Tennessee, have overwhelmingly voted to join the union — marking a major milestone for the labor organization and its first successful organizing drive of … Read more

Tesla Cybertruck recalled over trapped pedal issue seen in viral video

Tesla’s new Cybertruck is shown on display at a Tesla store in San Diego, California, on Dec. 9, 2023. Mike Blake | Reuters Tesla has issued a voluntary recall of 3,878 Cybertrucks to fix a “stuck pedal” issue that had been depicted in a viral TikTok video posted last week by owner Jose Martinez. A … Read more

German car makers ‘do not have to fear Chinese competition’: Lindner

Christian Lindner (FDP), Federal Minister of Finance, is on his way to a bilateral meeting with US Treasury Secretary Yellen at the headquarters of the World Bank. Bernd von Jutrczenka | Picture Alliance | Getty Images German carmakers do not have to fear competition from China and are still considered the best in the world, … Read more

What is an eVTOL? How flying cars are moving closer to reality

Alef Aeronautics wants to start delivering its $300,000 Model A flying car to customers by 2025. Source: Alef Aeronautics What if flying around in an electric vehicle is a key part of the way you travel in the future? That’s what dozens of companies around the world are betting on. EVTOLs, or electric vertical take-off … Read more

Why so many electric vehicle startups fail

As the electric vehicle industry faces a string of high-profile failures, several startups that have surfaced in recent years have underestimated their capital needs by billions of dollars, industry insiders said. Many of the companies that have tried to bring products to market or go public, especially through Special Purpose Acquisition Companies, or SPACs, are … Read more

Tesla says in email it sent some ‘incorrectly low’ severance packages

Elon Musk, Chief Executive Officer of Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023.  Gonzalo Fuentes | Reuters Tesla CEO Elon Musk sent an internal email on Wednesday, telling staffers that … Read more

Tesla is laying off 285 employees in Buffalo, New York as part of a broad restructuring

Vehicles sit parked outside the Tesla Inc. solar panel factory in Buffalo, New York, U.S., on Wednesday, Dec. 26, 2018. Andrew Harrer | Bloomberg | Getty Images Tesla is laying off 285 employees in the state of New York as part of a broader restructuring according to a WARN notice filed in the state. Most … Read more

China’s BYD fires up NEV offerings to compete with Tesla and Jeep

BYD unveiled three new cars for its Fang Cheng Bao brand on April 16, 2024, in Shenzhen. This vehicle, the Super 3 SUV, comes with a drone port on its roof. CNBC | Evelyn Cheng SHENZHEN – Chinese electric car company BYD is rapidly expanding its lineup to include vehicles that compete with traditional automakers … Read more

Republican governors condemn United Auto Workers campaigns

Striking United Auto Workers members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan, on Sept. 29, 2023. Rebecca Cook | Reuters DETROIT – Republican governors of six states on Tuesday condemned the United Auto Workers’ push to organize automotive factories in the South, warning the union’s efforts could lead to layoffs … Read more