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.".....»»
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......»»
Top 5 stories of the week: Stellantis job cuts; top 150 dealership groups
A quick look at the top automotive stories of the week......»»
Apple Store in New Jersey with over 100 employees petitions to unionize
We’ve seen some Apple Retail Stores seeking to unionize in recent years, especially after a store in Maryland became the first in the US to vote to unionize. Now the staff at Apple Short Hills in New Jersey has also petitioned to unionize. more.....»»
Post mergers and acquisitions, will employees leave or stay? Researchers say "just ask AI"
Within knowledge-intensive industries like tech, there is an almost insatiable demand for highly skilled employees, such as software engineers and app developers. Need for talent often motivates mergers and acquisitions (M&A), in a process colloquial.....»»
Stellantis consolidates 9 U.S. business centers to 6, lays off 30, in bid to boost dealer support
The automaker said the move will strengthen its dealer support as it begins launching electric vehicles in the U.S. this year......»»
Concentric AI unveils employee offboarding risk monitoring and reporting module
Concentric AI announced its new employee offboarding risk monitoring and reporting module that delivers critical data detection and response capabilities to identify true risk to data and secure sensitive information when employees leave a company. C.....»»
Apple expanding its Miami footprint with new offices and a retail store
Apple will soon move into a 45,000-square-foot office in Coral Gables just south of Miami, and it is expected to open a new store nearby.The Aventura Apple StoreApple Park may be an enormous office building that can hold 12,000 employees, but that's.....»»
Coal phase-out could be cheaper than currently implemented in Germany
Germany is providing 5 billion euros to finance "adaptation payments" to employees as coal is phased out. This will allow employees to retire without deductions at the age of 58. A study co-authored by the Berlin-based climate research institute MCC.....»»