The decision to file for bankruptcy comes just two months after the organization’s battery supplier, Proterra Inc., also filed for bankruptcy.

Though Rolls-Royce did not specify what parts of the world would be impacted by these job cuts, reports suggest that hundreds of U.K.-based workers will be affected by these reductions.

If businesses fail to get rid of their supplies, they will be forced to refinance all their debt at much higher interest rates. 

Bill Ford warned October 16 that the longer the strikes last, the more it helps non-union competitors such as Toyota Motor Corp., Honda Motor Co. and Tesla Inc.

Despite the many challenges involved, it’s becoming clear that brands who adapt to this new reality will be the ones that secure consumers’ loyalty. 

This comes months after Toyota claimed that it would be shifting towards using solid-state batteries after working on the technology for over a decade.

The decision by the UAW to expand strike actions to Ford’s Kentucky plant on October 11, which employs 8,700 workers, signified the strike's largest single walkout.

Digital transformation is not a project with a start and an end-date; it’s a continuous process, says David Rogers of Columbia Business School.

ERG will sell 3,000 metric tons of contained cobalt metal to EVelution annually, which will be used to build an Arizona-based low-carbon cobalt sulfate plant starting in 2024.

The organization anticipates a $1.2 billion influx of cash from its founder (Pham Nhat Vuong) and other Nasdaq-listed EV producers.