Category: Business

Money

10 Key Electric Vehicle Automakers Challenging Tesla Global Market Dominance

Tesla has been influential in the evolution of the electric vehicle industry, but competition is intensifying in the global EV market as established automakers develop further electric models. Many manufacturers from all corners are investing billions in new battery technologies, dedicated EV platforms and manufacturing capacity, charging infrastructure and vehicle and driver-focused software as they […]

Money World News

Jaguar Land Rover Cuts 4,000 Jobs as a Global Restructuring Plan Forces a Painful Reset

Jaguar Land Rover has been doing perhaps the biggest corporate overhaul of its history where they aim to slash jobs by around 4,000 jobs over the next 2 years. British automaker is aiming to save £1.7 billion ($2.3bn) at a difficult meeting of foreign competitors, rising tariffs, falling sales and the massive costs that come […]

Money US News

Ford Is Ramping Up Production, But Can Sales Keep Up With the Bigger Push?

Ford Motor Company is increasing production while facing a mixed sales picture across its major vehicle segments. August results showed overall declines in some tracking periods, while trucks, SUVs, hybrids, and selected passenger vehicles continued to find strong demand. The phase-out of the Escape and changing performance across Ford’s lineup have also influenced the company’s […]

Autos Business Learning Top Trends

10 Classic Cars Turn 50 in 2025: Which Ones Still Look Shockingly Modern?

In the mid-1970s, car manufacturers throughout the world faced some tough times as the automotive industry was trying to overcome a big oil embargo situation. Due to a threefold increase in the cost of crude oil, people around the world lost interest in fuel-guzzling automobiles. In spite of all those economic problems, 1975 managed to […]

Business World News

Strike Averted? GM & Unifor Strike Tentative Deal For Canadian Auto Workers

Following 12 days of negotiation, Unifor and General Motors have reached tentative labor agreements with over 4,600 unionized auto workers in Ontario, as a potential roadmap forward. On August 10th negotiations started and ended with the tentative agreements of August 22nd. The agreement is a significant milestone for the workers at a number of major […]

Business US News

Rivian’s CFO Is Leaving During Its R2 Expansion. What Does It Mean for the EV Maker?

Big change in management structure, however, Chief Financial Officer Claire McDonough will retire from the position by the end of the month. This means that McDonough is moving to greener pastures, and it’s exciting to know that as the new CFO at GE Vernova Inc., a Massachusetts-based energy equipment manufacturer, she’ll continue to work within […]

Money US News

25% Auto Tariffs Could Raise Car Prices Across the U.S. Market

The current transformation occurring within the auto industry is one of significant economic consequence driven by: trade policy, globalization of supply chains, increasing production costs, and evolving consumer preferences. Indeed, a U.S.-produced car could very well be built of a transmission, engines, batteries, electronics, metals and other parts produced in a number of countries; tariffs […]

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