General Motors has sold its stake in Lordstown Motors, whose assembly plant in Ohio remains available for purchase. Lordstown Motors bought the massive plant in northeast Ohio from GM after the Detroit automaker in 2019 permanently closed the facility, where it built the Cruze subcompact car. But Lordstown, the cash-strapped startup, has struggled to raise capital to operate, which is why… Continue reading GM sells its stake in Lordstown Motors as cash-strapped startup loses money
Category: Automotive
@Ford: Ford Issues Statement on Suspension of Russian Joint Venture and Assistance for Ukrainian Refugees
About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with… Continue reading @Ford: Ford Issues Statement on Suspension of Russian Joint Venture and Assistance for Ukrainian Refugees
@Daimler: Mercedes-Benz Mobility changes its organisational structure and realigns its Board of Management
Mercedes-Benz Mobility, which is now focusing on the car and van business, is changing its organisational structure and its Board of Management Peter Zieringer, the member of the Board of Management of Mercedes-Benz Mobility AG who was previously responsible for the Europe region, will occupy the newly created Board of Management position of Chief Customer… Continue reading @Daimler: Mercedes-Benz Mobility changes its organisational structure and realigns its Board of Management
@McLaren: McLaren Automotive unveils the McLaren Artura Art Car in collaboration with British artist Nat Bowen000156
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Tesla unveils Supercharger station built in only 8 days thanks to new pre-fabricated system
Tesla has released footage unveiling its pre-fabricated system to deploy new Supercharger stations in record time. This new one in Florida was built in just over a week. Tesla is currently growing its Supercharger network at an impressive rate. The automaker went from 23,277 Superchargers at 2,564 stations at the end of 2020 to 31,498… Continue reading Tesla unveils Supercharger station built in only 8 days thanks to new pre-fabricated system
Uber: Uber CEO to Participate in Keynote Hosted by Morgan Stanley
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced that Dara Khosrowshahi, CEO, will participate in a keynote at the 2022 Morgan Stanley Technology, Media and Telecom Conference on Monday, March 7, 2022. Mr. Khosrowshahi is scheduled to appear at 3:00pm PT (6:00pm ET). A live audio webcast of the event will be available on… Continue reading Uber: Uber CEO to Participate in Keynote Hosted by Morgan Stanley
Stellantis to be carbon neutral by 2038, double net revenues by 2030
The maker of Jeep SUVs and Ram pickup trucks on Tuesday said it will become carbon neutral starting by 2038 and double its net revenues by 2030. The CEO of Stellantis NV, the merger between Fiat Chrysler Automobiles NV and French automaker Groupe PSA, laid out the company’s 2030 long-term strategy to achieve $335 billion (300… Continue reading Stellantis to be carbon neutral by 2038, double net revenues by 2030
Ford suspends joint-venture operation in Russia
Ford Motor Co. has suspended its Russian joint venture operation amid the country’s continued invasion of Ukraine, the Dearborn automaker said Tuesday. “As part of the global community, Ford is deeply concerned about the invasion of Ukraine and the resultant threats to peace and stability,” the company said in a statement. “The situation has compelled us… Continue reading Ford suspends joint-venture operation in Russia
@VW Group: Green Mobility Holding continues progress with acquisition of Europcar Mobility Group and welcomes extension to facilitate completion004703
Green Mobility Holding, a bidder consortium consisting of Volkswagen Group, Attestor Limited and Pon Holdings B.V., today reaffirmed its sustained commitment to the takeover offer for the shares of Europcar Mobility Group. Green Mobility Holding is continuing to make good progress towards its intended acquisition of Europcar Mobility Group. Given the ongoing pre-filing discussions with… Continue reading @VW Group: Green Mobility Holding continues progress with acquisition of Europcar Mobility Group and welcomes extension to facilitate completion004703
@Mazda: 000431
IRVINE, Calif. (March 1, 2022) – Mazda North American Operations (MNAO) today reported total February sales of 28,166 vehicles, an increase of 8.3 percent compared to February 2021. Year-to-date sales totaled 49,245 vehicles; a decrease of 3.9 percent compared to the same time last year. With 24 selling days in February, compared to the same… Continue reading @Mazda: 000431