Tesla Cybertruck gets 150,000 orders in first two days

Business Nov 24, 2019

Tesla Cybertruck gets 150,000 orders in first two days

Tesla CEO Elon Musk said on Saturday that there have been about 150,000 orders thus far for the electric carmaker's Cybertruck, which was unveiled late on Thursday. "146k Cybertruck orders so far, with 42 percent choosing dual, 41 percent tri & 17 percent single motor," ...

Slumping vehicle sales hit employment in Japan's auto sector

Business Nov 22, 2019

Slumping vehicle sales hit employment in Japan's auto sector

Slumping vehicle sales are starting to take a toll on the employment situation in the automotive industry. Since Nov. 8, Mazda Motor Corp. has stopped soliciting new workers on fixed-term contracts at its head office plants in Hiroshima Prefecture, which mainly manufacture finished vehicles, and ...

GM sues Fiat Chrysler, alleging union bribery scheme cost it billions

Business Nov 21, 2019

GM sues Fiat Chrysler, alleging union bribery scheme cost it billions

General Motors Co. on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV, alleging that its rival bribed United Auto Workers (UAW) union officials over many years to corrupt the bargaining process and gain advantages, costing GM billions of dollars. GM also alleged that ...