Q2 2023 Earnings Report for Polestar (PSNY)

Q2 2023 Earnings Report for Polestar (PSNY)

The release of the Polestar 3 SUV has been delayed until early 2024 due to software setbacks. Initially expected to debut later this year, the delay is attributed to Volvo-developed software issues. Image Source: Courtesy of Polestar Swedish electric vehicle manufacturer, Polestar, has reaffirmed its commitment to delivering a minimum of 60,000 EVs in 2023, …

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Here’s an opportunity to pilot an aircraft without needing a pilot’s license

Here’s an opportunity to pilot an aircraft without needing a pilot’s license

Introducing an innovative and cutting-edge “personal air vehicle” (PAV) that is set to revolutionize the aviation industry. Thanks to a clever loophole in Federal Aviation Administration policy, everyday individuals can now experience the thrill of flight without the need for a pilot’s license. Developed by aviation company Rotor X, this futuristic PAV, known as Dragon, …

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Redwood Materials secures $1 billion funding to enhance recycling operations across the United States

Redwood Materials secures  billion funding to enhance recycling operations across the United States

At Redwood Materials, the recycling startup for batteries and e-waste founded by former Tesla CTO JB Straubel, a groundbreaking announcement was made. The company has successfully closed a $1 billion funding round to expand its operations in the United States. This significant investment will enable Redwood Materials to further its mission of taking spent electric …

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‘Technical Issue’ in Air Traffic Control Causes Disruption to Flights across the United Kingdom

‘Technical Issue’ in Air Traffic Control Causes Disruption to Flights across the United Kingdom

Picture this: a Virgin Atlantic Airways Airbus A350-1000 aircraft gracefully taxis in front of the air traffic control tower at London Heathrow airport in the U.K. Nurphoto | Nurphoto | Getty Images The U.K.’s air traffic control provider faced a technical glitch on Monday, causing disruptions to flights across the country. “We are currently encountering …

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Labor unions are vigorously advocating for improved compensation and working hours—and achieving success

Labor unions are vigorously advocating for improved compensation and working hours—and achieving success

Members of the United Auto Workers union recently organized a rally and picket near a Stellantis plant in Detroit on August 23, 2023. This is just one example of workers across various industries taking a strong stance and demanding higher pay and improved quality of life. The COVID-19 pandemic, along with increased company profits, inflation, …

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GM’s Ultium Commits to Boost Average Pay of EV Battery Workers by 25%

GM’s Ultium Commits to Boost Average Pay of EV Battery Workers by 25%

General Motors made a significant announcement on March 4, 2020, unveiling its new modular platform and battery system called Ultium at its Tech Center campus in Warren, Michigan. The event was captured in a photo by Steve Fecht for General Motors. In a positive development, General Motors’ Ultium Cells has agreed to raise worker pay …

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Vast Majority of Workers Vote to Approve Work Stoppage

Vast Majority of Workers Vote to Approve Work Stoppage

Amid ongoing contract negotiations, United Auto Workers (UAW) members have granted union leaders the authority to call strikes against General Motors, Ford Motor, and Stellantis if necessary. The union revealed that an average of 97% of its members at the automakers have approved the action, a level of support similar to the previous negotiations four …

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