Hertz Plans Cost Cuts After Earnings Miss on EV Adjustment
Hertz Global Holdings Inc. is looking to cut costs after it missed analysts’ fourth-quarter estimates as it sold down its fleet of Tesla Inc. electric vehicles.
Cruise Lays Off 900, Multiple Executives as Fallout Worsens
Cruise LLC, the autonomous vehicle unit owned by General Motors Co., is cutting 24% of its workforce, extending a sweeping overhaul of the business after dismissing nine top executives.
GM’s All-Electric Pledge Hinges on Demand, CEO Barra Says
General Motors Co.’s pledge to have an all-electric fleet by 2035 hinges on consumer acceptance, Chief Executive Officer Mary Barra said.
Cruise Could Face Fines for Allegedly Misleading Regulators
Cruise, the self-driving vehicle unit of General Motors, could face a fine for allegedly misleading regulators about an incident in which one of its cars dragged a pedestrian.
GM Reaches Tentative Deal With UAW to End Strike
General Motors Co. reached a tentative agreement with the United Auto Workers, according to people familiar with the matter, bringing an end to a 6-week-old strike.
GM Delays Electric Pickup Truck Expansion Amid Slower Growth
General Motors Co. will delay the opening of its second electric truck plant in Michigan to preserve capital amid a slowdown in sales growth for electric vehicles.
Waymo Via to Focus on Ride-Hailing Over Autonomous Trucking
Waymo, the self-driving unit owned by Alphabet Inc., is slowing the development of autonomous trucking that’s being done by its Via subsidiary.
Union Workers Question Safety at GM’s Ultium Battery Plant
While the United Auto Workers union hammers out a new deal with GM and battery manufacturer Ultium Cells, workers are pointing to safety hazards as a key issue in the negotiations.
Tesla Projected to Remain No. 1 EV Seller Through 2026
Tesla Inc. is poised to remain the top seller of electric vehicles in the U.S. through at least 2026, according to a new report.
More Charging Companies Plan to Be Compatible With Tesla
Tesla Inc.’s charging technology won more backers as a handful of players in the electric vehicle power industry said they would offer compatible equipment.