GM cuts back terms of partnership with Nikola, shares drop over 24%

Shares of Nikola Motor Company (NASDAQ: NKLA) dropped by over 24% in early trading hours on Monday morning after General Motors signed a Memorandum of Understanding, or MOU, describing their partnership’s newly minimized terms. GM has completely backed out of the idea of helping Nikola produce its all-electric Badger pickup and will focus solely on […]

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Audi to leave Formula E and join Dakar Rally

Audi has reorganised its motorsport activities and announced its participation in the 2022 Dakar Rally. For the rally program with a hybrid race car, the German luxury carmaker and its factory team will withdraw from Formula E at the end of 2021. The withdrawal came as a surprise. Just last week, Audi presented its Formula […]

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VW boss again crosses hairs with the works council

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Only a few months after the last major conflict with employee representatives at the Volkswagen works council, which ended in the loss of the post as head of the brand, VW CEO Herbert Diess has apparently found trouble again. According to a report in the German media, the current development could even result in a […]

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