PYMNTS-MonitorEdge-May-2024

electric vehicles

Report: Apple Cuts 614 Jobs in Largest Reduction Since Pandemic
Report: Apple Cuts 614 Jobs in Largest Reduction Since Pandemic
April 05, 2024  |  Apple

Apple is reportedly laying off 614 employees. The company gave notice of the job cuts on March 28 and those cuts will take effect on...

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Xiaomi’s EV Debut Shifts Connected Economy Into High Gear
Xiaomi’s EV Debut Shifts Connected Economy Into High Gear
April 01, 2024  |  Connected Economy

Following recent reports of Apple discontinuing its decade-long Project Titan, its rival, Chinese tech giant Xiaomi, has swiftly entered the electric vehicle (EV) market with the formal launch of...

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Electric Vehicle Maker Canoo Discloses ‘Substantial Doubt’ About Its Future
Electric Vehicle Maker Canoo Discloses ‘Substantial Doubt’ About Its Future
April 01, 2024  |  Transportation

Electric vehicle manufacturer Canoo disclosed in a Monday (April 1) annual report that its management has identified “substantial doubt” about the company’s ability to continue as a going concern....

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Apple’s CarPlay Gains New Weight as EV Plan Stalls
Apple’s CarPlay Gains New Weight as EV Plan Stalls
March 17, 2024  |  Apple

Last month, Apple announced it was sunsetting its plans to enter the electric vehicle space. Now, the company’s CarPlay offering has become the tech giant’s sole hope...

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Hertz CEO Departs Following EV Troubles
Hertz CEO Departs Following EV Troubles
March 17, 2024  |  Transportation

Hertz’s CEO is stepping down following the company’s major shift on the electric vehicle front. Stephen Scherr, who joined the rental car giant in 2022,...

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Electric Vehicle Sales Slow Amid Mainstream Consumers’ Concerns About Recharging
Electric Vehicle Sales Slow Amid Mainstream Consumers’ Concerns About Recharging
March 13, 2024  |  Transportation

Automakers are reportedly anticipating a slower rate of growth in sales of electric vehicles (EVs). While early adopters contributed to a rapid rise in EV...

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Auto Loans Go Green to Boost Electric Vehicle Adoption
Auto Loans Go Green to Boost Electric Vehicle Adoption
March 01, 2024  |  Loans

Following a record-breaking 2022, marked by the sale of over 10 million electric cars worldwide, the electric vehicle market has hit a speed bump in the United States,...

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Volkswagen Expects Slower Growth Amid Macroeconomic Challenges
Volkswagen Expects Slower Growth Amid Macroeconomic Challenges
March 01, 2024  |  Earnings

Volkswagen Group expects its sales revenue growth to slow in 2024. The automaker said in a Friday (March 1) press release that it expects sales...

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Earnings Season Shows Electric Vehicles’ Road to Ubiquity Has Curves and Bumps Ahead
Earnings Season Shows Electric Vehicles’ Road to Ubiquity Has Curves and Bumps Ahead
February 27, 2024  |  Technology

Earnings season’s puts and takes in the electric vehicle industry show just how long and winding the road will be to ubiquity. There will be...

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