Fisker faces significant setbacks as its production lines halt, leading to substantial job losses at Magna. The auto industry’s cooling has forced Magna to lay off 500 workers, following a dramatic reduction in Fisker Ocean SUV output. Magna, once set to produce up to 23,000 units annually, will now struggle with a 25% cut in production capacity due to the ongoing pause.
Before we get to Fisker, let’s talk Apple. And Rivian.
Meanwhile, intriguing whispers surround the potential revival of Apple’s car project, with Rivian emerging as a key player in these discussions. Although details remain speculative, reports suggest Apple might partner with Rivian to bring its long-awaited vehicle to market. This potential alliance could be a game-changer for both companies, offering Rivian crucial financial support and allowing Apple to quickly enter the automotive space.
In another development, the NHTSA has demanded comprehensive data from Tesla regarding the effectiveness of its recent over-the-air recall. This scrutiny highlights ongoing concerns about the safety and reliability of Tesla’s Autopilot system. The results of this investigation could significantly impact Tesla’s reputation and regulatory standing, as the company works to address the issues identified by the NHTSA.
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