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Rivian Plans to Cut Headcount by 6 Percent to Optimise Costs: All Details
Rivian will cut its headcount by 6 percent, the electric truck maker said on Wednesday. The company will focus on enhancing R1 and EDV (electric delivery van) and speed up the development and launch of R2 and future platforms over the next 18 months, and told employees it is financially well positioned but needs to cut its headcount to support sust...
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Rivian to Brief Employees on Potential Layoffs, Suspend Programs; Tesla Permanently Shuts San Mateo Office
Rivian, the US-based electric truck manufacturer, will brief its employees about potential layoffs on Friday, according to an email sent by Chief Executive R.J. Scaringe to employees. The firm also plans to suspend some programs as part of a broader restructuring. Meanwhile, Tesla revealed in a filing on Tuesday that it will permanently shut its of...
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Myanmar's Salon On Wheels Cuts Coronavirus Worries
A Myanmar barbershop business is trimming costs and generating cash amid concerns about the coronavirus, offering a salon on wheels to cautious customers who want their cuts away from crowded places.
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Daimler's Earnings Plunge As Coronavirus Hammers Sales
German car and truck maker Daimler reported a plunge of nearly 70% in first-quarter operating profit on Thursday due to the coronavirus pandemic and warned that the cash flow it uses to pay dividends would fall this year.
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Ford To Restart U.S. Truck Plants In April To Combat Pandemic-Linked Cash Squeeze
Ford Motor Co announced plans on Thursday to shore up its finances amid the coronavirus pandemic, aiming to generate more cash by resuming production next month of its most profitable vehicles while saving money through further cost cuts.
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Truck Spills Money On Highway, Drivers Stop To Grab It. Watch
An armoured truck's door came open on a highway in Georgia, USA, on Tuesday night, spilling cash across the road.
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Cops Probe Truck Fire After Claims It Carried Cash For Poll-Bound Anantnag
Police on Monday launched an investigation into an incident of fire in a truck carrying scrap material south of Kashmir, following reports claiming that a large amount of cash was being transported in the vehicle to Anantnag Lok Sabha constituency.
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Rs 1.90 Crore Cash Found From Truck Carrying Cement In Andhra Pradesh
The truck driver was caught on Wednesday morning when the police were conducting searches in the area.
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Cash Spills On Highway From Truck, Chaos Ensues. Watch
A cash spill in New Jersey on Thursday morning led to massive chaos and multiple crashes as people attempted to grab the money.
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Armed Robbers Loot Rs 1 Crore Cash From Truck In Jammu And Kashmir
Three armed robbers allegedly looted cash worth Rs one crore from a private Delhi-bound truck on the Jammu-Pathankot National Highway today, a police officer said.
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"Operation Lotus": Kumaraswamy Says BJP Offered 100 Crores To His MLAs
The BJP has offered Rs 100 crore in cash and cabinet positions to lawmakers of the Janata Dal Secular, its chief HD Kumaraswamy alleged today, ruling out any truck with the party in an attempt to take power in Karnataka.
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Dera Sacha Sauda's Well-Guarded Base Searched, Cash Found
The nerve-centre of Gurmeet Ram Rahim Singh's sprawling empire in Haryana's Sirsa is being searched today by a team of state officials and hundreds of paramilitary personnel. Over 400 bomb squads, commandos and fire trucks are on stand-by for the operation at the Dera Sacha Sauda sect's main base covering around 800 acres.
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Takata Bankruptcy Would Cloud Auto Industry's Biggest Recall
The Japan-based auto supplier has pledged to recall and replace tens of millions of defective air-bag inflators used by 19 car and truck makers around the world, from Tesla Inc. to Toyota Motor Corp.
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RBI's Container Carrying Scrapped Notes Fined For Overloading
A container truck hired by Reserve Bank of India (RBI) to carry demonetised currency notes from Bhilai in Chhattisgarh to Nagpur, was stopped at Deori border check-post in Gondia district and penalised for overloading, by the Regional Transport Office (RTO).
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Venezuela Cash Crisis Sparks Looting, Protests
Desperate Venezuelans looted delivery trucks and clashed with police as a botched plan to introduce new banknotes left people without cash -- the latest shortage in a spiralling economic crisis.
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Rivian Plans to Cut Headcount by 6 Percent to Optimise Costs: All Details
Rivian will cut its headcount by 6 percent, the electric truck maker said on Wednesday. The company will focus on enhancing R1 and EDV (electric delivery van) and speed up the development and launch of R2 and future platforms over the next 18 months, and told employees it is financially well positioned but needs to cut its headcount to support sust...
-
Rivian to Brief Employees on Potential Layoffs, Suspend Programs; Tesla Permanently Shuts San Mateo Office
Rivian, the US-based electric truck manufacturer, will brief its employees about potential layoffs on Friday, according to an email sent by Chief Executive R.J. Scaringe to employees. The firm also plans to suspend some programs as part of a broader restructuring. Meanwhile, Tesla revealed in a filing on Tuesday that it will permanently shut its of...
-
Myanmar's Salon On Wheels Cuts Coronavirus Worries
A Myanmar barbershop business is trimming costs and generating cash amid concerns about the coronavirus, offering a salon on wheels to cautious customers who want their cuts away from crowded places.
-
Daimler's Earnings Plunge As Coronavirus Hammers Sales
German car and truck maker Daimler reported a plunge of nearly 70% in first-quarter operating profit on Thursday due to the coronavirus pandemic and warned that the cash flow it uses to pay dividends would fall this year.
-
Ford To Restart U.S. Truck Plants In April To Combat Pandemic-Linked Cash Squeeze
Ford Motor Co announced plans on Thursday to shore up its finances amid the coronavirus pandemic, aiming to generate more cash by resuming production next month of its most profitable vehicles while saving money through further cost cuts.
-
Truck Spills Money On Highway, Drivers Stop To Grab It. Watch
An armoured truck's door came open on a highway in Georgia, USA, on Tuesday night, spilling cash across the road.
-
Cops Probe Truck Fire After Claims It Carried Cash For Poll-Bound Anantnag
Police on Monday launched an investigation into an incident of fire in a truck carrying scrap material south of Kashmir, following reports claiming that a large amount of cash was being transported in the vehicle to Anantnag Lok Sabha constituency.
-
Rs 1.90 Crore Cash Found From Truck Carrying Cement In Andhra Pradesh
The truck driver was caught on Wednesday morning when the police were conducting searches in the area.
-
Cash Spills On Highway From Truck, Chaos Ensues. Watch
A cash spill in New Jersey on Thursday morning led to massive chaos and multiple crashes as people attempted to grab the money.
-
Armed Robbers Loot Rs 1 Crore Cash From Truck In Jammu And Kashmir
Three armed robbers allegedly looted cash worth Rs one crore from a private Delhi-bound truck on the Jammu-Pathankot National Highway today, a police officer said.
-
"Operation Lotus": Kumaraswamy Says BJP Offered 100 Crores To His MLAs
The BJP has offered Rs 100 crore in cash and cabinet positions to lawmakers of the Janata Dal Secular, its chief HD Kumaraswamy alleged today, ruling out any truck with the party in an attempt to take power in Karnataka.
-
Dera Sacha Sauda's Well-Guarded Base Searched, Cash Found
The nerve-centre of Gurmeet Ram Rahim Singh's sprawling empire in Haryana's Sirsa is being searched today by a team of state officials and hundreds of paramilitary personnel. Over 400 bomb squads, commandos and fire trucks are on stand-by for the operation at the Dera Sacha Sauda sect's main base covering around 800 acres.
-
Takata Bankruptcy Would Cloud Auto Industry's Biggest Recall
The Japan-based auto supplier has pledged to recall and replace tens of millions of defective air-bag inflators used by 19 car and truck makers around the world, from Tesla Inc. to Toyota Motor Corp.
-
RBI's Container Carrying Scrapped Notes Fined For Overloading
A container truck hired by Reserve Bank of India (RBI) to carry demonetised currency notes from Bhilai in Chhattisgarh to Nagpur, was stopped at Deori border check-post in Gondia district and penalised for overloading, by the Regional Transport Office (RTO).
-
Venezuela Cash Crisis Sparks Looting, Protests
Desperate Venezuelans looted delivery trucks and clashed with police as a botched plan to introduce new banknotes left people without cash -- the latest shortage in a spiralling economic crisis.
