October 11 - 10:10
Dyson pulls the plug on EV dreams
Dyson has cancelled its plans to launch an electric car. Founder James Dyson sent an email to employees praising their efforts in creating a "fantastic" car, but said that the £2.5 billion project is not “commercially viable”. Dyson will close its operations in the UK and Singapore, but will likely absorb the 500 plus EV staff into its home division. Dyson's EV was due to launch next year.
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