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Nissan to Cut 20,000 Jobs, Shut 7 Plants After $4.5 Billion Loss and 88% Profit Crash

The workers at Nissan got tough news Tuesday – another 11,000 people will lose their jobs as the carmaker struggles with falling sales and rising costs. Add this to the 9,000 cuts

Karmactive Staff

May 14, 2025

Tesla Power Station. Photo Source: Don McCullough (CC BY 2.0)

Business·News

Tesla Forms New Board Committee as Musk’s $56B Pay Deal Faces Legal Hurdles

Tesla’s board has formed a special committee to craft a fresh compensation package for CEO Elon Musk while his appealed $56 billion 2018 pay deal remains voided by Delaware courts. Board chair

Karmactive Staffand

Sunita Somvanshi

May 14, 2025

Business·China·News

CATL Targets $5.3B via Hong Kong IPO to Fund 100GWh Hungary EV Battery Plant for BMW and VW

Chinese battery titan CATL has launched its secondary listing on the Hong Kong Stock Exchange, targeting up to $5.3 billion in fresh capital. The company is offering 117.9 million shares at a

Sunita Somvanshi

May 13, 2025

Business·News·USA

Waymo’s Arizona Factory to Produce Tens of Thousands of Robotaxis Annually with Magna Partnership

In a pivotal manufacturing expansion, Waymo has opened a 239,000-square-foot production facility in Mesa, Arizona, partnering with automotive supplier Magna International to scale its autonomous ride-hailing service. This factory marks a crucial

Rahul Somvanshi

May 12, 2025

Business·Mobility·News

Jeep Compass EV Paused for US Market: 25% Tariffs Add $8,000 as EV Sales Drop 5%

Jeep has hit the brakes on bringing its new electric Compass to American shores. The company recently paused plans for North American production of the next-generation Compass of the next-generation Compass, which

Rahul Somvanshi

May 8, 2025

Business·Mobility·News·USA

BMW CEO Predicts 25% US Auto Tariffs Ending July 2025 While Company Reports €3.1B Profit Drop and 32% EV Growth

BMW’s Chief Executive Oliver Zipse believes the 25% US tariffs on foreign-made cars will start rolling back in July 2025. His optimism comes from ongoing talks happening behind the scenes in Washington.

Sunita Somvanshi

May 8, 2025

Business·News·Technology

Tesla Model Y Acceleration Boost Cuts 0‑60 to 4.2 s for $2,000 Software Upgrade

Tesla has rolled out a paid software upgrade for owners of the refreshed Model Y Long Range All-Wheel Drive that cuts the 0-60 mph time from 4.6 seconds to 4.2 seconds. The

Sunita Somvanshi

May 7, 2025

Design·Electric·Mobility

Komma UMV’s 70% Material Reduction and 200 km Range Redefine Compact Urban EV Design

The Komma UMV redefines city travel with a fresh approach to electric mobility. While most EV manufacturers focus on electrifying conventional cars, Komma asks a different question: how can we move people

Karmactive Team

May 5, 2025

Ford Mustang Noida in NOIDA, Uttar Pradesh, India for Car expo. Photo Source: Eatcha (CC-BY 4.0)

Business·News

Ford April Sales Up 16%: Gas Trucks Surge, EV Sales Drop 40%, Hybrids Gain 30% on Discount Strategy

Ford Motor Company hit a new April sales record last month, with U.S. deliveries climbing 16% to 208,675 vehicles compared to April 2024. This strong performance, however, tells two very different stories

Sunita Somvanshi

May 3, 2025

Elon Musk, facing the disruption of businesses since taking part in DOGE. Photo Source: Gage Skidmore (CC BY-SA 2.0)

Business·News

Tesla Denies CEO Search as Q1 Profit Falls 71%, Stock Down 30%, Musk’s DOGE Role Under Fire

A Wall Street Journal report asserting that Tesla’s board was searching for Elon Musk’s replacement has triggered strong denials and raised concerns about the electric vehicle manufacturer’s strategic direction. The May 1st

Sunita Somvanshi

May 1, 2025