News
Global oil demand is dropping, but US drivers keep buying more gas
6+ hour, 22+ min ago (690+ words) As the explosive energy demand of artificial intelligence spurs a renaissance for fossil fuels, renewable energy allies are trying to ensure that massive data centers will be powered by climate-friendly sources, too. Lawmakers in states with stronger climate policies don’t…...
Porsche could cut another 4,000 jobs
5+ day, 5+ hour ago (180+ words) Up to 4,000 more jobs could be cut at sports carmaker Porsche following the job cuts already announced, the Handelsblatt newspaper reported on Sunday. The newspaper said staff in management and administration are particularly affected. Around 30% of capacity at the Weissach…...
Mercedes cuts back on costs amid ‘massive challenges’
2+ week, 6+ hour ago (664+ words) German car manufacturer Mercedes-Benz is tightening its cost-cutting measures, with the DAX-listed group postponing a special payment under the collective agreement, originally scheduled for July, until next year. This is according to a letter to employees in Germany, a copy…...
Tesla to hire an additional 1,000 workers at its only European plant
2+ week, 2+ day ago (347+ words) Tesla plans to hire an additional 1,000 workers for its plant outside Berlin, the US carmaker said on Thursday as it seeks to ramp up production at its only European facility. Tesla, which is owned by US tech magnate Elon Musk,…...
Waymo robotaxis recalled over construction zone bug
3+ week, 2+ day ago (202+ words) Alphabet self-driving unit Waymo is recalling nearly 3,900 robotaxis in the US because a software issue could cause the vehicles to enter a closed freeway construction zone and continue driving. It is the second recall by Waymo in just over a…...
Nissan halves vehicle development time: CEO
4+ week, 5+ hour ago (288+ words) Nissan Motor Co’s top executive says the carmaker has roughly halved vehicle development time as part of its restructuring efforts, aiming at a faster rollout of new models. Nissan has shortened the development period to 26 months, compared with up to…...
Musk to be a trillionaire as SpaceX on cusp of record IPO
1+ mon, 6+ hour ago (332+ words) If all goes as expected, the space and rocket company co-founded by Musk in 2002 will begin trading on the Nasdaq exchange on Friday morning, with all eyes on how Wall Street will absorb the blockbuster IPO that could send tremors…...
Solar hits new US milestones despite Trump’s coal push
1+ mon, 1+ day ago (613+ words) Even as President Donald Trump boosts coal over clean energy, solar power is hitting new milestones in the U.S. and remains the leading source of new power. “For years solar power has risen in the US electricity mix,” said Nicolas Fulghum,…...
Europe opening up to self-driving taxis
1+ mon, 3+ day ago (514+ words) Qatar Tribune Europe opening up to self-driving taxis Self-driving taxis, already booming in the United States and China, are emerging in Europe, with major companies launching trials this year in several capitals and the European Union set to step on…...
Chinese EV makers hit record deliveries in May
1+ mon, 1+ week ago (290+ words) Sales of electric vehicles (EVs) in China recovered on solid footing in May, as new models fitted with higher-performance batteries and more advanced driver assistance systems drew consumers amid intensified competition. Zeekr, a premium EV brand owned by Geely Auto,…...