Ultium, Silverado EV, Equinox EV and the Cruise aftermath — General Motors’ electric line, covered.
Rivian CEO RJ Scaringe sent an internal memo to employees Thursday announcing the company’s third workforce reduction in four months, cutting roughly 600 jobs as the electric vehicle maker struggles with collapsed post-tax-credit demand. The carefully worded message emphasized “structural adjustments” for the upcoming R2 launch while conspicuously avoiding the financial crisis threatening the comp
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 cash as it scrambles to unwind an expensive electric vehicle strategy that spectacularly backfired against…
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 experts warn this aging product lineup threatens Tesla’s market position as competitors flood showrooms with…
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 and even exceed Toyota’s class-leading hybrid powertrains. The announcement signals that while the world races…
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” while rolling out its Go Electric grants to drivers in California, New York, Colorado, and…
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 with Tesla’s Full Self-Driving technology as the American EV market struggles following the expiration of…
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 electric vehicle maker delivered 497,099 vehicles in Q3, crushing analyst estimates and marking one of…
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 its profit forecast accorsing to the WSJ, signals a major recalibration for the iconic German…
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