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Rivian's stock tanks after EV maker expects flat production for the year

Rivian Automotive Inc.’s stock fell about 15% after hours Wednesday after the EV maker posted a larger-than-expected quarterly loss and guided for producing. ....

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Forvia Shares Jump on Restructuring Plan That Would Trim Workforce

By David Sachs Forvia shares rose Monday after it said a reduction of up to 10,000 jobs would save about 500 million euros ($538.9 million) yearly from 2028. ....

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Forvia Plans to Cut Up to 10,000 Jobs to Compete in Electric-Vehicle Transition -- 2nd Update

By David Sachs Forvia said on Monday that it plans to cut costs and up to 10,000 jobs to adapt to Europe's electric-vehicle transition and increase. ....

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Autoparts Giant Forvia to Cut Up to 10,000 Jobs Amid Global Shift to EVs -- 3rd Update

By David Sachs Forvia, one of the world's largest auto parts suppliers, said it was reducing up to 10,000 jobs for an annual saving of about 500 million. ....

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Nike to Trim Jobs in Latest Cost-Cutting Drive. Why the Stock Is Falling.

Nike plans to use the savings to invest more in areas such as running, women’s apparel and the Air Jordan brand, according to a report from The Wall Street. ....

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