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Tesla to cut about 10% of its workforce due to global sales fall

Musk told employees with an internal message that the workforce reduction is inevitable and foresees quite difficult times for the company and the whole economy. Apparently, war prices over electric vehicles and the difficult challenge posed by Chinese manufacturers is affecting the global brand.
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Michael Lohscheller is Nikola Motor’s new president

«It goes without saying that hydrogen fuel cell and battery-electric zero-emission vehicles are the future of mobility, and I am extremely proud to be joining a company that is paving the way for this global transformation», stated Lohscheller. «My career has prepared me well to achieve the ambitiou...
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Thierry Piéton becomes CFO of Renault Group

In February 2020, Thierry Piéton became Deputy Chief Financial Officer and SVP, Controller, Renault Group. On January 1, 2021, he was appointed Renault Brand Finance and a member of Renault Group Corporate Management Committee.
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There won’t be a Valeo Siemens eAutomotive joint venture anymore

Valeo and Siemens have achieved the joint target of building a globally recognized player in the field of electric mobility, now providing the right timing for Siemens to transfer its stake in VSeA to its partner. According to Siemens, single ownership has been an intended option of the joint ventur...
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