automakers and manufacturing

Stellantis to put second EV battery plant in town where EVs threaten current jobs

11Oct

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Technology

Stellantis to put second EV battery plant in town where EVs threaten current jobs

New York CNN — Stellantis and Samsung plan to build a second EV battery plant in Kokomo, Indiana, a town where many current Stellantis workers see such plants as a threat to their current jobs. EV battery plants are a critical part of the plans of traditional automakers to transition from gasoline-powered cars to electric vehicles in coming decades. But they could be a threat to existing jobs building engines and transmissions, which are not needed in an EV. Stellantis has four plants in Kokomo alone building engines and transmissions, employing more than 5,000 hourly workers between them. Stellantis, which builds cars under the Jeep, Ram, Dodge and Chrysler brands, along with unionized rivals Gener...

A woman was found trapped under a driverless car. It’s not what it looks like, the car company said

CNN — A pedestrian in downtown San Francisco was found critically injured and trapped underneath a driverless car Monday night. But the company that operates the autonomous car says it’s not at fault. San Francisco Fire Department spokesperson Justin Schorr told CNN early Tuesday that the victim has multiple life-threatening injuries. The driverless vehicle was operated by Cruise, a San Francisco-based self-driving car company and subsidiary of General Motors (GM). But the company says another vehicle was to blame for the pedestrian’s injury. “A human-driven vehicle struck a pedestrian while traveling in the lane immediately to the left of a Cruise AV,” said Cruise spokesperson Navideh...

Tesla stock jumps after Morgan Stanley predicts Dojo supercomputer could drive

New York CNN — Tesla’s Dojo supercomputer could fuel a $500 billion jump in the electric vehicle maker’s market value, analysts at Morgan Stanley said in a note Monday. Shares of Tesla jumped more than 6% during early trading Monday morning, on the heels of the rosy prediction from Morgan Stanley’s team about the automaker’s supercomputing efforts. The Morgan Stanley team, lead by longtime Tesla analyst Adam Jonas, predicted that the massive drive in value could come from Dojo potentially unlocking new revenue streams through the wider adoption of robotaxis and software services. The analysts compared the potential of Dojo at Tesla to the “same forces that have driven” Amazon Web Services to prope...