Lucid Suspends 2026 Production Forecast Amid Inventory Surplus and Leadership Review
Lucid Motors has suspended its 2026 production forecast as new CEO Silvio Napoli reviews the company’s operations. The EV maker faces a growing invent...
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Rivian Q1 2026 Earnings: R2 Production Boosts Revenue and Delivery Growth
Rivian reported strong Q1 2026 earnings with a 20% year-over-year increase in vehicle sales and a 30% rise in production. The company reaffirmed its 2...
Audi Discontinues A1 and Q2 Models, Shifts Focus to Electric Sports Car and A2 e-tron
Audi will phase out its entry-level A1 hatchback and Q2 crossover in 2024, replacing them with the upcoming A2 e-tron electric vehicle. The brand also...
Rivian R2 Production Starts: First Units Roll Out, But Customers Must Wait Until Spring
Rivian has initiated production of its R2 electric SUV at its Illinois factory, with CEO RJ Scaringe driving the first unit off the line. However, cus...
Rivian R2 Production Begins in Illinois Despite Tornado Damage, First Deliveries Set for Spring
Rivian has started production of the R2 in Normal, Illinois, with first customer deliveries expected this spring. The crossover starts at $57,990, tho...
Volkswagen to Cut 1 Million Annual Vehicle Production Units by 2028, Plans Major Cost Reductions
Volkswagen will reduce its annual global production capacity by 1 million units by 2028, primarily in Europe, impacting up to 50,000 jobs. CEO Oliver...
Rivian Factory Hit by Tornado: R2 Launch Timeline Remains Unaffected Despite Damage
Rivian’s Illinois factory was struck by an EF1 tornado with 110 mph winds on April 17, damaging buildings and infrastructure. No injuries were reporte...