Electric Vehicles
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Lucid Motors cut 12% of its US salaried workforce, affecting employees across multiple teams and facilities, including former Nikola employees hired less than a year ago. Source
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Converting a vintage Pinzgauer 6x6 military vehicle into an electric off-road vehicle has proven challenging despite the promise of massive torque. Source
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Stellantis faces a massive $26.5 billion charge on its EV investments, the largest among automakers struggling with glacial EV demand - exceeding GM's $7.6 billion and Ford's $19.5 billion losses. Source
Product Launches
- Volkswagen showcased historic GTI concept cars including the W12 GTI as part of the GTI's 50th anniversary celebration, highlighting the brand's performance heritage. Source