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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.

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Truck broken in June fireplace at Nikola headquarters reignites

Baua Electric

“Foul play is suspected as a vehicle was seen in the area of the affected trucks just prior to the incident and an investigation is underway,” the corporate stated in a tweet that hour. The fires come as the corporate pivots its industry towards hydrogen-powered vehicles. in afternoon buying and selling.

Phoenix 52
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ED attaches assets worth INR 367 crore in Bhushan Steel ‘bank fraud’ case – ET Auto

Baua Electric

After completing the corporate insolvency resolution process (CIRP), BSL was taken over by Tata Steel Limited in 2018. After completing the corporate insolvency resolution process (CIRP), BSL was taken over by Tata Steel Limited in 2018.

Auto 52
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Blue Chicken, the biggest taxi operator in Indonesia: Maximum EVs might be bought from BYD this past

Baua Electric

Blue Chicken, Indonesia’s biggest taxi operator, is ready to buy maximum of its unused fleet as electrical cars (EVs) from BYD, in line with a document by means of Bloomberg. Djokosoetono discussed that Blue Chicken additionally plans to buy 50 EVs from Hyundai Motor Co.

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Lordstown Motors Goes Bust

The Truth About Cars

The document goes into great detail explaining how it saw the CEO as intentionally misleading investors — citing former employees who referenced Burns as a “con man” or “PT Barnum” type. The bankruptcy documents include motions to continue operations and uphold its responsibilities to stakeholders.

Motor 99
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The real reason Hertz is selling EVs – Charged EVs

Baua Electric

It’s also not clear if all EV brands are on Hertz’s doo-doo list, or just Tesla—the rental company has also announced plans to buy EVs from GM and Polestar. So, why the massive corporate about-face (and loss of face)? Teslas reportedly make up about 80% of Hertz’s EV fleet, and EVs make up about 11% of Hertz’s total rental fleet.

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Stellantis Patents Fake Engine Vibrations for EVs

The Truth About Cars

Stellantis has found itself in a tricky situation since buying up the former Fiat Chrysler properties. However, like all Stellantis brands, corporate leadership has said it’s supposed to pivot toward smaller engines and electrification. However, our market failed to take notice until someone tipped off Mopar Insiders last week.

Engine 105