Tesla Cybercab Faces Federal Scrutiny; Volkswagen Plans Major Job Cuts

Federal regulators have launched an investigation into Tesla's new Cybercab just as the autonomous vehicle began appearing on public roads. The National Highway Traffic Safety Administration (NHTSA) is examining the deployment process and the vehicle's compliance with regulations, particularly concerning the absence of traditional features like a steering wheel and pedals. This scrutiny comes as Tesla aims to push the boundaries of autonomous driving technology.

Meanwhile, Volkswagen is undergoing a significant restructuring, announcing plans to cut an additional 50,000 jobs as part of a broader effort to reduce costs and remain competitive. This move, which follows previous job reduction announcements, will see the company shed 15% of its workforce and halve its product line. The restructuring aims to address challenges posed by intense competition, particularly from Chinese automakers, and to streamline operations for future viability.