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Ford cuts 3,000 Payroll and Contract Jobs
Ford Motor has announced plans to cut 3,000 payroll and contract jobs, mainly in North America and India, as the company moves to develop...
U.K. Unveils Roadmap for Self-Driving Vehicles by 2025
The U.K. government has announced a planned effort to ensure widespread adoption of self-driving cars by 2025, a roadmap that will help the U.K....
Touchscreens Perform Significantly Worse than Physical Buttons in new cars
A test by the Swedish automotive magazine Vi Bilägare shows that safety-wise, physical buttons outperform touchscreens in new cars.
After a thorough test of the...
Lyft Predicts An Operating Profit Of US$1 Billion In 2024
Ride-hailing company Lyft on Thursday forecast an adjusted operating profit of US$1 billion for 2024, and the company is also targeting US$700 million in...
Why Elon Musk’s Tesla Sold 75% Of Its Bitcoin
Tesla announced in its second quarter earnings report that it shed about 75% of its Bitcoin between April 1 and the end of June.
Musk...
EU Requires Anti-Speeding Tech For New Car Models
A technology called Intelligent speed assistance (ISA) is now compulsory for all new car models and types of vehicles in the EU beginning July...
Tesla Deliveries Down 18% In Second Quarter Of 2022
Tesla has announced an 18% drop in car deliveries for the second quarter of 2022. The automaker announced that between April and June, the...
Tesla Closes San Mateo Office, Lays Off 200 Autopilot Employees
Tesla has closed its office in San Mateo, California, and about 200 employees working on the Autopilot driver assistance system have been laid off,...