Rivian Automotive is laying off approximately 600 employees, representing 4% of its workforce, to cut costs amid challenges in the electric vehicle 0 follows a previous 15% reduction and
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CoinOtagRivian Automotive is laying off approximately 600 employees, representing 4% of its workforce, to cut costs amid challenges in the electric vehicle 0 follows a previous 15% reduction and

Latest news and analysis from CoinOtag

Porsche is scaling back its electric vehicle plans due to weak demand in China and a crowded market, redirecting investments to petrol and hybrid engines. This shift, led by new...

Key Highlights Adrian Wall from the Digital Sovereignty Alliance (DSA) addressed a major UN gathering on October 23…...

Porsche is pulling back from its electric vehicle plans, thanks to weak demand in China amid a frenzy in a crowded market that has erased almost two-thirds of its stock value since May 2023. The luxur...