The startup figures the best way to rein in costs is to bring production closer to where it’s being used.
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Ford will pause production of its F-150 Lightning electric pickup truck starting in mid-November for almost two months as it struggles with decreased demand, increased competition, and losses in its electric vehicle business. “We continue to adjust production for an optimal mix of sales growth and profitability,” a Ford spokesperson told TechCrunch. The news was […]
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Generative AI is increasingly capable of creating video, music, and other media on demand. But who actually wants it, and why?Watch as Luma AI CEO Amit Jain, Suno Co-Founder and CEO Michael Shulman, and Splice CEO Kakul Srivastave discuss the growing markets for generative media, and how they can be served without harming or displacing […]
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Apple has dramatically scaled back Vision Pro production, according to a new report from The Information. The news comes days after CEO Tim Cook admitted in an interview that the $3,500 mixed reality headset is for early adopters and “not a mass-market product.” The production slowdown is believed to be a response to disappointing sales, […]
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Rivian said on Friday it will build fewer vehicles this year than it did in 2023 due to a supply chain problem that popped up in the third quarter and has now “become more acute in recent weeks.” The company did not specify the components impacted, only saying that it is one shared by its […]
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