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Rivian boosts manufacturing forecast, stories higher automobile margins in upbeat Q3 document

Baua Electric

The EV maker forecasts 2023 manufacturing at 54,000 gadgets, a 2,000-unit build up. The corporate narrowed its Q3 web loss to $1.37 The post Rivian boosts manufacturing forecast, stories higher automobile margins in upbeat Q3 document appeared first on Bauaelectric Auto News. billion from a web lack of $1.72

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US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

Green Car Congress

The DFC loan is subject to the completion of due diligence, negotiation of detailed terms and legal documentation, DFC management approval and Syrah and Twigg Board approvals. The US International Development Finance Corporation (DFC) is the US Government’s development finance institution.

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Ford reveals CEO Jim Farley’s latest pay raise

Teslarati

million, and another roughly-$2 million dubbed “all other compensation” in the document. UAW President Shawn Fain made a statement following the release of the Friday filing, pointing to Farley’s recent statements about potentially having to re-consider where Ford would build vehicles due to increasing union pressure.

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Albemarle signs exclusivity agreement with Mineral Resources for 50/50 lithium JV in W. Australia; $1.15B deal

Green Car Congress

The proposed JV, which remains subject to negotiation of definitive documents, would combine Albemarle’s lithium production and marketing expertise with Mineral Resources Limited’s (MRL) leading regional presence and mining capabilities.

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TuSimple to restructure U.S. industry, lay off 30% of workforce

Baua Electric

stated on Thursday it’s going to snip 30% of its personnel in the USA beneath a restructuring because the independent riding era corporate seems to saving its steadiness sheet amid a investment crunch within the sector. The stocks of the corporate fell greater than 8% in premarket buying and selling. TuSimple Holdings Inc TSP.O

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Tesla investors to vote on Texas incorporation, ratification of Musk’s 2018 comp plan at 2024 annual meeting

Teslarati

The document included details about the electric vehicle maker’s 2024 annual meeting of stockholders, updates regarding the company’s plans for CEO Elon Musk’s 2018 pay package, as well as an initiative to move Tesla’s state of corporation from Delaware to Texas.

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BMW Group sets out code of ethics for the use of artificial intelligence

Green Car Congress

Building on the fundamental requirements formulated by the EU for trustworthy AI, the BMW Group has worked out seven basic principles covering the use of AI within the company. The BMW Group respects human dignity and therefore sets out to build fair AI applications. Diversity, non-discrimination and fairness. Accountability.

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