Tesla Tests Driverless Cybercabs, Volkswagen Cuts Jobs, Adobe Names New CEO
Tesla's robotaxi debut, Volkswagen's major job cuts, Adobe's new CEO, and other top business stories from September 4.
Several major corporate and policy developments emerged on September 4, spanning the technology, automotive, and media sectors.
In a significant step toward autonomous mobility, Tesla conducted its first public test of its fully autonomous Cybercabs in Austin, Texas. The vehicles, notably lacking a steering wheel, represent the company's push toward a driverless ride-hailing future.
Elsewhere in the automotive industry, Volkswagen's supervisory board approved a sweeping restructuring plan. The initiative will double the automaker's planned job losses to 100,000 and halve its model portfolio, signaling a major strategic shift for the German giant.
The corporate world also saw leadership changes, with Adobe announcing that Anil Chakravarthy will take over as its new chief executive officer, effective December 1.
In media, Fox News has parted ways with longtime anchor Maria Bartiromo, with the separation taking effect on Thursday.
Additionally, Elon Musk's Boring Company has reportedly asked some investors in its latest funding round to take on more active roles, such as helping recruit employees or assisting with business development.
On the political front, the Trump administration filed an emergency appeal with the U.S. Supreme Court, seeking to allow the U.S. Postal Service to immediately implement new mail ballot rules.