Porsche Posts First-Ever Quarterly Loss: $1.1 Billion Wipeout Signals EV Strategy Collapse
Porsche AG just posted the most humiliating quarter in its 77-year history—a €967 million ($1.1 billion) operating loss that marks the luxury automaker’s first quarterly loss since going public in 2022. According to Bloomberg, the sports car manufacturer is hemorrhaging…
Ford Takes $2 Billion Hit From Supplier Fire as EV Losses Mount to $1.4 Billion
Ford Motor Company expects a profit hit of up to $2 billion after a devastating fire at its key aluminum supplier, overshadowing third-quarter financial results that exceeded Wall Street expectations. The automaker slashed its full-year earnings guidance by up to…
Rivian Pays $250 Million to Settle IPO Fraud Lawsuit as Company Cuts 600 Jobs
Rivian has agreed to pay $250 million to settle a 2022 class-action lawsuit that accused the electric vehicle maker of misleading investors about vehicle pricing during its blockbuster 2021 initial public offering, according to a court filing Thursday. The settlement…
Tesla Bets Its Future on Aging Models While BYD Launches Cars Twice as Fast
Reuters analysis reveals Tesla is taking an unprecedented gamble in the automotive industry: staking its entire car business on models designed between 2017 and 2020 while Chinese EV makers like BYD slash development cycles to two years or less. Industry…
Rivian Slashes 600 Jobs as Trump’s EV Policy Upends Industry
Rivian Automotive is laying off approximately 600 employees—roughly 4.5% of its workforce—as the electric vehicle maker faces mounting pressure from the September 30 expiration of federal EV tax credits and a broader slowdown in EV demand. The layoffs, first reported…
Chinese Automaker Claims 48% Thermal Efficiency Engine, Surpassing Toyota’s Hybrid Tech
Omoda & Jaecoo, the export brands of Chinese automotive giant Chery Group, unveiled plans for an internal combustion engine achieving 48% thermal efficiency at their International User Summit in October 2025. If realized, this would dramatically outpace the industry standard…
Rivian Spinoff Also Unveils $4,500 Pedal-By-Wire E-Bike and Lands Amazon Delivery Partnership
Rivian‘s micromobility spinoff Also unveiled its first electric bike today alongside a major commercial partnership with Amazon, marking the EV maker’s expansion into urban transportation solutions for trips under 15 miles. Also announced the TM-B electric bike at an event…
Uber Launches $4,000 EV Grants For Drivers As Federal Tax Credit Expires
Uber is launching a $4,000 grant program for drivers purchasing electric vehicles in select states, stepping in just as the federal EV tax credit vanished from the market. The ride-hailing giant announced Wednesday it’s rebranding “Uber Green” to “Uber Electric”…
GM Announces Eyes-Off Driving For Cadillac Escalade IQ In 2028, Pivoting From Failed $10 Billion Robotaxi Venture
General Motors unveiled plans today to bring eyes-off autonomous driving to the Cadillac Escalade IQ electric SUV by 2028, marking a dramatic strategic shift after shutting down its $10 billion Cruise robotaxi business. The announcement positions GM to compete directly…
Tesla Q3 Earnings: Record Deliveries Hide Looming Post-Tax Credit Reality
Tesla is poised to beat Wall Street expectations when it reports third-quarter earnings Wednesday, riding record vehicle deliveries and energy storage deployment. But for EV enthusiasts watching the company’s trajectory, the real story isn’t the numbers—it’s what comes next. The…
Polestar Recalls Nearly 28,000 Polestar 2 EVs for Rearview Camera Glitch
Polestar is recalling 27,816 Polestar 2 vehicles in the United States due to a software issue that can cause the rearview camera to fail, increasing the risk of a crash. The recall, announced by the U.S. National Highway Traffic Safety…
Porsche Pumps Brakes on EV Rollout, Prioritizes Hybrids Amid Market Shift
Porsche is significantly altering its electric vehicle strategy, delaying the launch of some all-electric models and re-emphasizing combustion and hybrid powertrains in response to a cooling EV market and other economic pressures. The move, which includes a substantial cut to…
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