Hertz Quits Electric Vehicle Bet After Losing $195 Million in Q1 Due to Dropping Tesla Valuations and Poor Sales
Hertz Global Holdings Inc., a familiar name in the rental car industry, has faced a turbulent first quarter marked by ...
Tag: Electric Vehicles
Electric Car Giant Fisker Once a 2.9 Billion Company Nears Bankruptcy
Once hailed as a beacon of innovation in the electric vehicle industry, California-based carmaker Fisker Inc. is grappling with financial ...
3 High-Ranking Tesla Executives Have Resigned in the Previous Two Weeks, the Latest During the Results Call
Tesla, a leading innovator in the electric vehicle industry, is currently navigating a turbulent period marked by the resignation of ...
Ford Reports 36% Increase in Hybrid Sales in the First Quarter of 2024 Amid Market Slowdown
As the auto industry faces a pivotal shift in consumer demand and technological advancement, Ford Motor Company is standing out ...
Honda Invests $11 Billion in Canada to Establish New Electric Vehicle Production Facilities
In a pivotal move that redefines its position within the automotive industry, Honda has announced an unprecedented $11 billion investment ...
Tesla’s Massive Profits Raise More Questions Regarding the Company’s Lineup Plans – Deutsche Bank
Tesla's recent earnings call did not just make headlines for its strong performance; it also left the investment world buzzing ...
Rivian Automotive Plans to Expand Charger Network, Welcoming Tesla Owners and Other EVs
In a move that underscores its commitment to the burgeoning electric vehicle (EV) market, Rivian Automotive has taken a decisive ...
Tesla’s Strategy for Inexpensive Automobiles Borrows Ideas From Competitors in Detroit
Tesla, the company synonymous with innovation in the electric vehicle market, is making headlines again. Not for unveiling a groundbreaking ...
Jeep’s Manufacturing Company Stellantis Will Be Laying Off an Unspecified Number of Workers in the U.S. Shortly
Stellantis, the conglomerate behind Jeep and other prominent auto brands, has revealed plans to lay off an unspecified number of ...
Ford Recently Disclosed a Substantial Financial Shortfall of $132,000 on Each Electric Vehicle It Has Sold
In a recent reveal at a Los Angeles auto show, Ford’s commitment to electrification was clear with the showcase of ...
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