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Abhirup Roy

FILE PHOTO: A Volkswagen logo is seen on a Volkswagen ID.5 electric car on display at a showroom of a car dealer in Reze near Nantes, France, November 13, 2023. REUTERS/Stephane Mahe/File Photo
AutomotiveBusinessElectric Vehicles (EVs)ManufacturingNews

Volkswagen’s $5 billion investment in Rivian boosts EV maker’s shares

The partnership will help Volkswagen accelerate its plans to develop software-defined vehicles (SDV).

Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  REUTERS/Joel Angel Juarez
AutomotiveBusinessElectric Vehicles (EVs)FinanceManufacturingNews

EV maker Rivian simplifies output, cuts costs, aiming for first profit

Rivian has removed over 100 steps from the battery-making process, 52 pieces of equipment from the body shop and over 500 parts from...

FILE PHOTO: Elon Musk attends the Breakthrough Prize awards in Los Angeles, California, U.S., April 13, 2024. REUTERS/Mario Anzuoni/File Photo
BusinessElectric Vehicles (EVs)FinanceNews

Musk’s small-investor army cheers apparent approval of $56B Tesla pay package

Elon Musk's army of small-investor allies took a victory lap with an endorsement for his $56 billion pay package after the Tesla CEO...

FILE PHOTO: Ford vehicles are displayed at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/David Dee Delgado/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNews

Ford asks suppliers to cut costs in push to turn EV business profitable: memo

Ford Motor Co has asked its electric-vehicle suppliers to reduce costs in an attempt to support profitability, saying "everything is on the table,"...

FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.  REUTERS/David Swanson/File Photo
AutomotiveBusinessElectric Vehicles (EVs)In-Depth

The inside story of Elon Musk’s mass firings of Tesla Supercharger staff

How the Tesla Supercharger division lost its staff, why it matters – and what will happen to the expanding EV network now?

FILE PHOTO: A Tesla car is charged at a Tesla dealership in West Drayton, just outside London, Britain, February 7, 2018. REUTERS/Hannah McKay/File Photo
AnalysisBusinessElectric Vehicles (EVs)In-DepthInfrastructure

Analysis: Tesla’s charging layoffs threaten Biden’s highways program

Tesla's Supercharger division was all set to help build the EV charging network across the US – so what now, after the team...

FILE PHOTO: Tesla Model Y on display at the Everything Electric exhibition at the ExCeL London international exhibition and convention centre in London, Britain, March 28, 2024.  REUTERS/Peter Cziborra/File Photo
AnalysisAutomotiveElectric Vehicles (EVs)In-DepthTransport

Tesla’s plan for affordable cars takes page from Detroit rivals

SAN FRANCISCO/AUSTIN, Texas – Elon Musk’s new plan to use current product lines as the basis for new affordable vehicles — rather than...

FILE PHOTO: United Parcel Service's (UPS) newly launched electric delivery truck is seen in Compton, California, U.S., September 13, 2023. REUTERS/Lisa Baertlein/File Photo
AutomotiveBusinessNews

Low supply slows UPS and FedEx transition to electric vans

Battery shortages that limit EV supplies and electric van startups that run out of money hamper delivery giants' clean energy transition efforts.

FILE PHOTO: The company logo is pictured on a Tesla Model X electric car in Berlin, Germany, November 13, 2019.    REUTERS/Fabrizio Bensch/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

Tesla’s shift on low-cost cars throws overseas plans into limbo

Tesla factories planned for Mexico and India seem unlikely after news of focus on more affordable cars built at existing facilities.

BusinessElectric Vehicles (EVs)LabourNews

EV-maker Rivian cuts 1% of workforce in second job cut this year

Electric-vehicle maker Rivian said on Wednesday it cut about 1% of its workforce as it reduces cost amid a broader slowdown in EV...

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