Hyundai Motor Co. is taking a major step to solidify its position in the electric vehicle (EV) market by temporarily halting operations at its Asan, South Korea facility. According to a report from Reuters, the company plans to close the facility from December 31, 2023, to February 13, 2024, to make way for the construction […]
Continue Reading
Samson Sky’s Switchblade, a street-legal “flying sports car” officially registered as a motorcycle, has successfully completed its first flight. The test saw the flying automobile navigate the skies of the Grant County International Airport in Moses Lake, Washington. The test flight took place at an airport where Boeing and other aircraft manufacturers perform flight tests. […]
Continue Reading
Nio, a prominent Chinese automaker known for its high-end electric SUVs, has recently announced a round of layoffs in response to increased competition and the need to cut expenses and reallocate resources. According to an internal letter from CEO William Li, the company plans to reduce its workforce by approximately 10% as part of its […]
Continue Reading