Unity lays off an additional 25 percent of its staffers
1,800 newly announced job cuts come on top of 1,300 layoffs since mid-2022. Enlarge (credit: Unity) When Unity laid off 265 Weta Digital engineers in November, the company warned that more layoffs would be necessary in t.....»»
Factory incentives keep EVs growing as automakers plan more affordable models
In the January to June period, EV registrations rose 7 percent to 579,687 vehicles compared with a 1.8 percent rise in the overall light-vehicle market to 7.8 million, S&P Global Mobility said......»»
EVs outpace broader market, buoyed by fresh models and heavy incentives, U.S. registration data shows
New EV registrations rose 3.1 percent in June to 108,026 vehicles compared with an 8.8 percent drop in the broader light-vehicle market to just over 1.2 million, S&P Global Mobility said......»»
Polestar starts EV production in U.S., avoiding EU and U.S. tariffs
The Polestar 3 electric crossover will be built in South Carolina as well as China. It will be exported to Europe, which has imposed additional tariffs on Chinese-built EVs......»»
Nissan"s hybrid problem goes Rogue
Rogue deliveries fell 29 percent in the second quarter, despite a midcycle update that arrived early this year......»»
Nissan dealership profits tank amid U.S. sales struggles
The average Nissan dealership earned 70 percent less in the first half of the year than in 2023, with more than a third of stores losing money, according to data obtained by Automotive News......»»
Kia-Hyundai anti-theft fix is working after years of viral video exposure, study finds
A study by the Highway Loss Data Institute find that a software device developed by the companies to prevent vehicle theft dropped claim rates by 53 percent......»»
The FDA Just Rejected a Bid for MDMA to Treat PTSD
The agency has asked drugmaker Lykos Therapeutics to run an additional study on the use of the psychedelic drug in patients with post-traumatic stress disorder, pushing back its next proposal by years......»»
Can the power grid handle EVs? The common myth explained
EV charging will put additional strain on the power grid, but is it true to say that the grid won't be able to handle EVs? We asked the experts......»»
Luminar Q2 net loss narrows to $130.6 million; debt restructuring deal reached
The lidar supplier said revenue grew 2 percent to $16.5 million......»»
Volvo ups sticker price on new EX90 EV by $3,300 despite missing features
One Volvo dealer said 40 percent of his EX90 reservations were canceled because the EV will be missing several safety and entertainment features at launch......»»
ACV Auctions says Q2 net loss widened to $17M, revenue rises 29%
ACV Auctions said the number of used vehicles sold by dealers and commercial auto companies on its wholesale marketplace platform grew 22 percent year over year......»»
Cox: Used-vehicle wholesale prices rose 2.8% in July from June
Used-vehicle wholesale values rose 2.8 percent in July from June, Cox said. Values in July 2024 were down 4.8 percent compared with a year earlier......»»
Rivian Q2 net loss widens to $1.46 billion despite sales gains, cost cutting
Rivian said it ended the second quarter with $5.8 billion in cash and cash equivalents compared with $7.9 billion at the end of the 2023 calendar year. Revenue in the latest quarter was $1.16 billion, a 3.3 percent increase......»»
“So tired”: Disney+, Hulu, ESPN+ prices increase by up to 25 percent in October
Not even ad tiers are safe as Disney looks to coax people into bundle packages. Enlarge / A scene from the new season of Doctor Who, which is streaming on Disney+. (credit: Disney+) Disney+, Hulu, and ESPN+ will get mor.....»»
Return-to-office mandates hurt employee retention, productivity, survey says
Survey of 4,400 US employees who are at least 18 years old. Enlarge (credit: Getty) US workers who work remotely are 27 percent more likely to look forward to doing their job, according to a survey of over 4,400 employe.....»»
Lucid reports Q2 net loss of $790 million; Saudi fund pledges additional $1.5 billion to the startup
Lucid delivered a record in the quarter and plans to launch a crossover this year. Lucid said its largest shareholder, Saudi Arabia's Public Investment Fund, will inject $1.5 billion in cash......»»
Rivian to report Q2 earnings after cutting costs, reaching $5 billion deal with Volkswagen
Rivian's second-quarter sales rose 9 percent to 13,790 despite a factory retooling in April to cut costs and freshen the R1T pickup and R1S crossover for the 2025 model year......»»
Pricing, interest rates temper sales rebound
Overall growth is expected to slow in the second half after sales rose 2.2 percent in the first six months of 2024. Analysts say high interest rates and borrowing costs as well as elevated prices are preventing more robust demand......»»
Silicon plus perovskite solar reaches 34 percent efficiency
There are still longevity problems, but things continue to get better. Enlarge / Some solar panels, along with a diagram of a perovskite's crystal structure. (credit: Subhakitnibhat Kewiko) As the price of silicon panels.....»»
CDK outage fuels 86% drop in Asbury Q2 net income
Lost business and one-time costs related to the CDK Global outage contributed to an 86 percent drop in Asbury's net income, though the retailer managed to post record revenue of $4.2 billion......»»