Stellantis lays off about 400 salaried employees in U.S.
Stellantis blamed the layoffs, which are effective March 31, on "unprecedented uncertainties and heightened competitive pressures around the world.".....»»
Arizona TSMC facility continues to fight cultural battles, rising costs & logistical hurdles
Apple chip partner TSMC faces significant barriers that impede the Arizona chip fabrication facility's progress, and the culture clash between American and Taiwanese employees doesn't seem to be getting batter.TSMC's Arizona facility grapples with ri.....»»
Leave policies can disadvantage women in tough times
Female employees with access to family leave policies bear the brunt of economic downturns, according to a new study......»»
CEO Mary Barra"s pay declined 3.9% to $27.8 million as GM missed stock targets
After eight consecutive years as the highest-paid Detroit 3 CEO, Barra's compensation trailed the $39 million Stellantis shareholders approved for Carlos Tavares......»»
Judge deals blow to Stellantis in supplier pricing dispute that threatens production
The order filed Tuesday means that the parent company of Jeep and Ram brands must continue paying its supplier under protest — or “hostage threat,” as the automaker’s lawyer put it last week......»»
A harmonious solution to career success for overqualified employees
Overqualified employees can fulfill their career potential if they have the right passion for their work, according to new research by The University of Western Australia......»»
2 former dealership employees who started new marketing firm settle lawsuit
A Massachusetts dealership has settled a lawsuit that accused two former employees of breach of loyalty, misappropriation of trade secrets and other claims for setting up a competing dealer-to-dealer digital marketing agency......»»
Stellantis lays off 199 at Ram 1500 plant in suburban Detroit
The layoffs in Sterling Heights, Mich., took effect Monday as the automaker continues to trim its head count......»»
Top 5 stories of the week: Stellantis clashes with suppliers; GM"s headquarters move
A quick glance at the top automotive stories of the week......»»
Elon Musk apologizes after Tesla layoffs for miscalculated severance
Tesla's CEO, who is facing lawsuits over severance from former Twitter employees, admitted that payouts to some workers being laid off were too low......»»
Cyberattack on key parts supplier triggered dispute that cost Stellantis $300M, lawsuit says
The automaker lost more than $300 million in revenue because it was unable to manufacture 6,000 vehicles without parts from Yanfeng, the lawsuit says......»»
Stellantis avoids plant shutdowns by paying auto supplier "under hostage threat"
The automaker paid MacLean-Fogg Component Solutions of Illinois to keep pinions and gears flowing to a pair of plants in Kokomo, Ind......»»
Stellantis pricing disputes with suppliers imperil key Jeep, Ram products
Stellantis has had production of the Jeep Wrangler and other models disrupted in recent months by disputes with two suppliers, and more shutdowns could come if the situations aren't resolved......»»
Stellantis’ $39 million pay for CEO Carlos Tavares draws investor ire amid job cuts
At Tuesday’s annual general meeting, advisory firms Glass Lewis and Proxinvest are urging investors to vote against approving the €36.5 million ($39 million) total compensation package, up almost 60 percent from 2022 levels......»»
Ill. appeals court blocks floorplan collection amid fraud allegations
A floorplan lender remains blocked from attempting to collect about $2.8 million from an Illinois dealership and its owners in a dispute involving allegations the bank participated in a fraud scheme by store employees behind the dealers' backs......»»
Stellantis clashes with suppliers spill into court, shut down plants
The maker of the Jeep, Chrysler, Dodge and Ram brands has taken a hard line toward parts makers seeking inflationary cost relief, rolling out a “no more claims” policy earlier this year......»»
Tesla plans to cut more than 10% of global workforce; two execs quit, reports say
Elon Musk's company told managers to identify critical team members, and paused some stock rewards while canceling some employees’ annual reviews......»»
Stellantis clashes with suppliers, spilling into court and shutting down plants
The maker of Jeep, Chrysler, Dodge and Ram brands has taken a hard line toward parts makers seeking inflationary cost relief, rolling out a “no more claims” policy earlier this year......»»
Tesla plans to cut more than 10% of global workforce, reports say
Elon Musk's company told managers to identify critical team members, and paused some stock rewards while canceling some employees’ annual reviews......»»
If you"re a paying X user, Elon Musk wants his Grok AI to write your posts for you, report says
Elon Musk wants X's Grok AI Chatbot to compose users' tweets. Here's why it's such a big problem that even X employees are trying to stop it. Elon Musk has long warned of the dangers of AI. However, it doesn't seem that he's all that concerned.....»»
Tesla to lay off more than 10% of its workforce, report says
Elon Musk's company told managers to identify critical team members, and paused some stock rewards while canceling some employees’ annual reviews......»»