GM stock plunges after profit warning and EV target retreat
General Motors shares tumble after company slashes 2024 profit forecast and concedes electric vehicle targets are no longer achievable, sending shockwaves through automotive markets.
Category : Search result: automotive industry layoffs
Hybrid Cars: The Uncomfortable Environmental Truth
New analysis reveals hybrid vehicles are more profitable for manufacturers than genuinely green, raising questions about their environmental credentials and government policy.
Paramount-Skydance merger cuts 2,000 US jobs
The landmark merger between Paramount Global and Skydance Media will result in significant workforce reductions across the United States as the entertainment giants streamline operations.
NBC News slashes 50 jobs, diversity teams hardest hit
NBC News slashes approximately 50 roles in dramatic workforce reduction, with diversity, equity and inclusion departments bearing the brunt of cuts amid corporate restructuring.
NBC News axes dozens of staff in restructuring move
NBC News implements sweeping job cuts as the network undergoes significant internal restructuring, with dozens of positions eliminated across the organisation.
NASA JPL axes 550 jobs in major workforce reduction
Exclusive: NASA's prestigious Jet Propulsion Laboratory announces devastating workforce reduction affecting 550 employees, sending shockwaves through California's space industry as budget uncertainty takes its toll.
GM Slashes Dealer Incentives Amid Market Shift
General Motors dramatically cuts dealer incentives amid changing market conditions, signalling potential price increases for consumers as automotive industry faces new challenges.
Ford slashes production of key SUV and truck models
Ford Motor Company announces significant production cuts for three of its most profitable vehicle lines as consumer demand softens and dealer inventories swell.
Jaguar Land Rover hit by Russian and Chinese cyberattack
Exclusive: Luxury car giant Jaguar Land Rover faces major security breach as sophisticated hackers, believed to be state-backed Russian and Chinese operatives, target sensitive corporate data in coordinated cyber assault.
Dieselgate: UK Drivers Win Landmark Compensation Case
In a groundbreaking legal decision, British motorists deceived by diesel emissions scandals move closer to receiving compensation as courts rule manufacturers deliberately misled consumers about vehicle environmental performance.
Ford faces £1.3bn loss after factory fire cripples F-150 production
A devastating fire at Novelis factory in the US has triggered catastrophic supply chain disruption for Ford's flagship F-150, potentially costing the automotive giant over $1.6 billion in lost revenue.
Tesla Opens Superchargers to Ford, GM and Hyundai
In a groundbreaking industry shift, Tesla is opening its exclusive Supercharger network to major competitors including Ford, General Motors, and Hyundai, potentially revolutionising EV charging across America.
Ford production halted as aluminium costs skyrocket
Major production disruption hits Ford's UK operations as aluminium supplier Novelis implements dramatic price hikes, threatening vehicle output and consumer prices.
JLR restarts production after supplier cyber attack
Jaguar Land Rover has successfully restarted production across its UK factories after a devastating cyber attack on key suppliers brought manufacturing to a standstill. The luxury carmaker confirms operations are returning to normal following urgent crisi
JLR restarts production after major cyberattack
British automotive giant Jaguar Land Rover has successfully restarted production across its UK plants following a devastating cyberattack that halted manufacturing operations for over a week, costing millions in lost output.
Aston Martin and JLR report soaring profits and sales
Britain's automotive crown jewels Aston Martin and Jaguar Land Rover deliver stunning financial turnarounds with surging sales and profits, signalling strong global demand for luxury vehicles.
Aston Martin's £72m Loss as Trump Tariffs Bite
Aston Martin faces financial turmoil as Trump's aggressive US tariffs devastate profits, while Jaguar Land Rover battles major cyber attack in double blow to UK automotive industry.
UK Government Backs Aston Martin and JLR US Expansion
Two of Britain's most prestigious car manufacturers receive significant government support to boost exports and expand operations in North America, marking a major win for UK automotive industry.
Jaguar Land Rover sponsors BBC business documentary series
Britain's automotive giant Jaguar Land Rover secures major BBC sponsorship deal, bringing manufacturing excellence to prime-time television while celebrating UK engineering.
Ford CEO's Urgent Mission: Fixing Faulty Cars in Recall
Ford CEO Jim Farley takes personal charge of massive vehicle recall, vowing to overhaul safety protocols and restore customer trust after series of mechanical failures.
UK Electric Car Sales Hit Record High With Subsidy Boost
Britain's electric car market hits unprecedented growth in September 2025, with taxpayer subsidies driving a 40% surge in zero-emission vehicle registrations amid ongoing charging infrastructure challenges.
UK car production surges 10% as EV demand grows
British car manufacturing revs up with impressive growth figures, led by electric vehicle demand and strong European exports. Industry calls for competitive energy strategy to sustain momentum.
Polestar 3 Cancelled: Volvo Scraps Electric SUV
Volvo pulls plug on Polestar 3 production just months before launch, cancelling UK factory plans in dramatic electric vehicle strategy overhaul.
Tesla Q3 Deliveries Plummet in Shock Decline
Tesla faces its steepest quarterly delivery drop in years as production challenges and softening demand hit Elon Musk's electric vehicle empire. Exclusive analysis of the numbers.
Elon Musk loses $18bn as Tesla shares crash
Elon Musk's net worth plunges dramatically as Tesla shares nosedive following disappointing earnings and production concerns, wiping out billions in market value.
Honda CEO warns Australia over aggressive EV push
Honda's global CEO Toshihiro Mibe issues urgent caution about Australia's aggressive electric vehicle transition, highlighting infrastructure gaps and consumer readiness concerns that could derail the government's ambitious climate goals.
JLR suppliers asked to risk homes after cyber attack
British automotive giant Jaguar Land Rover has asked smaller suppliers to use their family homes as collateral for emergency loans following a crippling ransomware attack that paralysed production.
Auto Collapse Sparks 2008-Style Recession Fears
The dramatic downfall of a major automotive player has triggered alarming parallels to the 2008 financial crisis, raising urgent questions about the UK's economic stability and sending shockwaves through the industry.
Trump Vows to Eliminate Electric Vehicle Tax Credit
Former President Trump pledges to eliminate the $7,500 electric vehicle tax credit if re-elected, potentially reshaping the automotive market and impacting global climate efforts.
Newsom attacks GM's Barra over electric vehicle retreat
California Governor Gavin Newsom launches a blistering attack on General Motors CEO Mary Barra, accusing the auto giant of betraying its climate pledges and American workers by scaling back electric vehicle commitments.
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