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REUTERS/Bob Riha, Jr./File Photo

Boom in SoCal Wholesale Sector Jobs May be Ending

The Los Angeles County Economic Development Corporation (LAEDC) has warned in a new report that jobs from the Southern California’s $1.5 trillion wholesale sector, which account for 8.3 percent of the GDP of the United States, could be at risk due to slowing Asian trade and the rapid introduction of autonomous big-rig trucks.

Tesla CEO Elon Musk speaks during an event to launch the new Tesla Model X Crossover SUV on September 29, 2015 in Fremont, California.

Tesla Misses Deliveries by 12%; Stock Plunges

Tesla’s stock plunged by $1.5 billion in after-hours trading on Tuesday following the company’s announcement that it missed Wall Street’s vehicle delivery estimates for the fourth quarter of 2016 by 12 percent.

Google self-driving car

Google, Uber, Ford, Volvo, Lyft Join Forces to Push Self-Driving Cars

The big push for self-driving cars is well and truly under way, as engineers assure us the technology is rapidly becoming practical. Bloomberg Technology reports that a new coalition to advocate self-driving cars includes Google, Ford Motor Company, Uber, Lyft, and Volvo.

REUTERS/LUCY NICHOLSON

Volvo Trucks Laying Off Hundreds in February

Volvo Trucks North America has confirmed that it will be reducing production of several truck lines and will therefore be laying off 1 in 4 workers beginning in February of next year.