Rivian Automotive Inc ( RIVN ) shares are trading higher by 4% to $16.87 during Wednesday’s session amid overall market strength. Major indexes are higher as chip and tech stocks gain following strong earnings from Advanced Micro Devices, Inc.. The semiconductor industry, particularly companies like AMD, plays a crucial role in the production of electric vehicles (EVs). Strong performance and...

DETROIT (Reuters) - Jeep-maker Stellantis said on Tuesday it is offering a new round of voluntary buyouts to its U.S. salaried workers, the latest in a series of cost-cutting measures CEO Carlos Tavares is placing on its American operations. The Netherlands-based automaker laid off 400 U.S. salaried workers in March and last year twice offered buyouts to groups of thousands...

WASHINGTON (Reuters) - The United States and Mexico announced a course of remediation at a Volkswagen plant in Mexico where the Mexican government had agreed to review alleged labor rights violations. Under the course of remediation, the Mexican government will ensure that the company provides full backpay and benefits to some workers and better protect workers' rights to freedom of...

01:03 PM EDT, 07/31/2024 (MT Newswires) -- Dayforce ( DAY ) on Wednesday said Dayforce Wallet, its on-demand pay offering, reached more than $4 billion in payroll delivered. The human-resources company said Dayforce Wallet reached the milestone through on-demand pay, early direct deposit, and paycard to employees using Dayforce Wallet globally. Dayforce Wallet has proven to be a strategic asset...