Lordstown Motors, a troubled electric truck maker, said on Thursday that it had reached an agreement in principle to work with Foxconn, a contract manufacturer best known for assembling Apple’s iPhone, to develop its electric vehicles and ultimately could sell its Ohio factory to the Taiwanese company. Lordstown said the sale of the factory could… Continue reading Lordstown Motors Will Work With Foxconn, a Contract Manufacturer
Author: New York Times Online News
Ford Will Build 4 Factories in a Big Electric Vehicle Push
The truck plant is supposed to produce a new battery-powered F-Series pickup truck, following the previously announced F-150 Lightning, but Ford declined to disclose details about it. The two plants in Kentucky will be in Glendale, about 50 miles south of Louisville, and are expected to create 5,000 jobs, at a cost of $5.8 billion.… Continue reading Ford Will Build 4 Factories in a Big Electric Vehicle Push
Ford’s Truck of the Future Looks Pretty Familiar
Advertisements have always told us that by buying one new product, we can improve our lives. Increasingly, though, they’re promising something different. Now they suggest we can buy our way to maintaining the lifestyle we already have, armed with products made from new materials (steel straws, hemp T-shirts) or redesigned so they don’t belch offensive… Continue reading Ford’s Truck of the Future Looks Pretty Familiar
Lawrence Stroll Is Making No Little Plans
Lawrence Stroll, owner of the Aston Martin Formula 1 team, is a man on a mission. Three years ago, Stroll, a Canadian billionaire, along with his “closest, dearest friends and business associates,” bought the Force India team and saved it from administration. It was renamed Racing Point, which finished fourth in the team championship in… Continue reading Lawrence Stroll Is Making No Little Plans
Biden, in a Push to Phase Out Gas Cars, Tightens Pollution Rules
WASHINGTON — President Biden on Thursday announced a multistep strategy aimed at rapidly shifting Americans from gasoline-powered cars and trucks toward electric vehicles — a central part of his plan to reduce the pollution that is heating the planet. Mr. Biden is first restoring and slightly strengthening auto mileage standards to the levels that existed… Continue reading Biden, in a Push to Phase Out Gas Cars, Tightens Pollution Rules
BMW and Stellantis report big jumps in profit as car sales snap back.
The global car market is rebounding strongly despite shortages of key components like semiconductors. That was the message Tuesday from German carmaker BMW and Stellantis, which owns Jeep, Peugeot and Fiat, as both reported large increases in profit. BMW said it made a net profit of 4.8 billion euros, or $5.7 billion, in the second… Continue reading BMW and Stellantis report big jumps in profit as car sales snap back.
What if Highways Were Electric? Germany Is Testing the Idea.
OBER-RAMSTADT, Germany — On a highway south of Frankfurt recently, Thomas Schmieder maneuvered his Scania tractor-trailer and its load of house paint into the far right lane. Then he flicked a switch you won’t find on most truck dashboards. Outside the cab a contraption started to unfold from the roof, looking like a clothes-drying rack… Continue reading What if Highways Were Electric? Germany Is Testing the Idea.
G.M. Is Expanding the Chevrolet Bolt Recall
General Motors said on Friday that it was expanding its recall of Chevrolet Bolt electric cars that have been found to be at risk of catching fire as a result of rare manufacturing defects. The company said it was recalling Bolts from the 2020 through 2022 model years. An earlier recall covered 2017-2019 models. G.M.… Continue reading G.M. Is Expanding the Chevrolet Bolt Recall
Nikola Founder Trevor Milton Charged With Securities Fraud
In a warning shot to a thriving corner of Wall Street, federal authorities on Thursday filed criminal and civil securities fraud charges against the founder of Nikola — a start-up automaker that went public by merging with an investment firm last year. An indictment by the U.S. attorney’s office in Manhattan charged the founder, Trevor… Continue reading Nikola Founder Trevor Milton Charged With Securities Fraud
General Motors Recalls Chevrolet Bolts Over Battery Fire Hazard
General Motors is recalling nearly 51,000 Chevrolet electric cars in the United States whose battery modules have been found to be at risk of catching fire. The recall covers Chevrolet Bolts from the 2017 to 2019 model years and comes after an earlier recall to add software designed to prevent the cars’ batteries from overheating.… Continue reading General Motors Recalls Chevrolet Bolts Over Battery Fire Hazard