Federal investigators have identified several other targets in the years-long corruption probe of the United Auto Workers and auto industry. Go to Source
Author: Detroit News Online
GM’s EV gamble could be Toyota’s gain as carmakers place bets
GM’s plan to bring out the most electric vehicles in the U.S. over the next three years may end up ceding market share to Toyota and Honda. Go to Source
G-7 leaders discuss speeding shift toward electric vehicles
Group of Seven leaders are discussing ambitious plans to shift the balance of car buying away from gasoline to greener vehicles by the end of the decade, as part of a package of measures to combat climate change. Under one proposal contained in a document seen by Bloomberg, G-7 governments would “strive” to ensure that… Continue reading G-7 leaders discuss speeding shift toward electric vehicles
Tesla’s splashy event may underwhelm as battery doubts loom
Tesla’s glitzy marketing event Thursday to showcase its quickest car yet may not be the catalyst for shares such spectacles have been in the past. Go to Source
Payne: BMW M4 has big grille, big power — and big identity crisis
BMW’s big-grille M4 coupe is here. But it’s the car’s big weight and big-oversteer that compromise the car’s signature athleticism, unlike the M2. Go to Source
Stellantis charged in France over diesels after VW, Renault
French investigators charged Peugeot and Citroen over allegedly defrauding consumers with diesel engines. Go to Source
Lordstown Motors erases loss on talks about capital raise
Lordstown Motors Corp. shares swung widely between losses and gains on Wednesday after the electric-vehicle startup said it was in talks with multiple parties to raise capital, a day after warning about a cash crisis. After dropping as much as 21% earlier in the day, the stock surged 15% on the news of the discussions.… Continue reading Lordstown Motors erases loss on talks about capital raise
Chevy unveils special edition Corvette ahead of Detroit Grand Prix
Detroit — With Corvette Racing returning to this weekend’s Detroit Grand Prix after 13 years away, Chevrolet is debuting a 2022 Corvette Stingray IMSA GTLM Championship Edition. Chevrolet will only release 1,000 of these special edition Corvettes, which resemble the No. 3 and No. 4 Corvette C8.R race cars. They were designed to celebrate the mid-engine Corvette’s C8.R’s… Continue reading Chevy unveils special edition Corvette ahead of Detroit Grand Prix
Eying deal, GM softens on tough standards for car pollution
Detroit — The nation’s largest automaker said Wednesday it can support greenhouse gas emissions limits that other car manufacturers negotiated with California – if they are achieved mostly by promoting sales of fully electric vehicles. It is a new stance for General Motors, which had supported the Trump administration’s efforts to end California’s ability to set… Continue reading Eying deal, GM softens on tough standards for car pollution
In need of cash, Lordstown Motors files ‘going concern’ notice; shares tank
Detroit — Lordstown Motors Corp. told regulators Tuesday that it needs more money to launch and sustain commercial scale production of its electric Endurance truck — and to make it through the next year. The Ohio-based electric vehicle startup amended its annual regulatory filing with the Securities and Exchange Commission noting its doubts of continuing as a “going concern,” an accounting… Continue reading In need of cash, Lordstown Motors files ‘going concern’ notice; shares tank