Rivian is laying off 10 percent of its salaried employees

Electric car maker Rivian announced Wednesday that it was laying off 10 percent of its salaried workforce to cut costs after facing a quarterly loss. The company backed by Amazon reported that it lost $1.5 billion in the fourth quarter of 2023 and said it plans to build 57,000 electric vehicles in 2024, the same … Read more

Formula E adds Mini EV junior series as support race in four European events

Formula E is which will accompany the electric single-seater championship events throughout Europe, in addition to two events on the DTM program. It is the first Formula E support series since the Jaguar I-Pace eTrophy, which ran from 2018 to 2020. THE NXT Gen Cup It actually started last year as a support series for … Read more