Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio, on Saturday, May 15, 2021. Dustin Franz | Bloomberg | Getty Images Electric vehicle startup Lordstown Motors disclosed on Monday that a funding deal with Foxconn is in jeopardy – and that it may go bankrupt if the deal doesn’t happen. Lordstown’s shares fell sharply on… Continue reading Lordstown Motors warns of bankruptcy after Foxconn threatens to walk away from crucial funding deal
Category: US Motoring Press
Senate Republicans criticize Biden nominee for top auto regulator over fears of EV shift
Washington — President Joe Biden’s pick to lead the National Highway Traffic Safety Administration is coming under fire from Republican members of a Senate panel responsible for approving her nomination. Ann Carlson has been the acting administrator for the vehicle regulating agency since September, when former administrator Steven Cliff stepped down, and has been its… Continue reading Senate Republicans criticize Biden nominee for top auto regulator over fears of EV shift
How Ford is using the launch of the 2023 Super Duty to improve quality
This content is only available to subscribers. Get unlimited digital access. $1 for the first 3 months. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics from… Continue reading How Ford is using the launch of the 2023 Super Duty to improve quality
Georgia plane crash victims were crash test innovator Robert Denton and his wife
Robert “Bob” Denton, who died in a plane crash with his wife last week in Georgia, was an innovator in improving crash test data collection and vehicle safety. Denton, 76, was the founder of Robert A. Denton Inc., a maker of load cell sensors in Detroit that eventually merged to become Humanetics Innovative Solutions Inc.,… Continue reading Georgia plane crash victims were crash test innovator Robert Denton and his wife
Lordstown warns it may fail as investor Foxconn gets jumpy
Lordstown Motors warned Monday that it is in danger of failing as the electronics company Foxconn wavers on a $170 million investment in the commercial electric vehicle startup. The Ohio company said in a regulatory filing on Monday that Foxconn it had received notice from Foxconn on April 21 that it was in breach of… Continue reading Lordstown warns it may fail as investor Foxconn gets jumpy
GM cuts ‘several hundred’ contract jobs in cost-reduction campaign
General Motors Co. is cutting “several hundred” contract jobs as part of its $2 billion cost-savings program, the automaker confirmed Monday. “A small number of contractors have departed the company, and those impacted were notified beginning April 29,” GM spokesperson Maria Raynal said in a statement. The contract employees work at GM’s Global Technical Center… Continue reading GM cuts ‘several hundred’ contract jobs in cost-reduction campaign
HMSI domestic sales up 6% at 338,289 units in April
Total sales last month stood at 374,747 units as compared to 361,027 units in April 2022, up 4 percent. Honda Motorcycle & Scooter India (HMSI) on Monday reported a 6 percent year-on-year growth in its domestic sales during April. The firm sold 338,289 two-wheeler sales in the domestic market, compared to 318,732 units in the… Continue reading HMSI domestic sales up 6% at 338,289 units in April
Royal Enfield total sales up 18% to 73,136 units in April
Sales of motorcycles with engine capacities up to 350 cc stood at 64,728 units last month, as compared to 51,564 units in April 2022. Motorcycle maker Royal Enfield on Monday reported an 18 percent growth in total sales to 73,136 units in April 2023. The company sold 62,155 units a year ago, Royal Enfield said in a… Continue reading Royal Enfield total sales up 18% to 73,136 units in April
VECV reports 18.9% YoY jump in dispatches during April 2023
VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, reported sales of 6,567 units in April 2023 as compared to 5,525 units in April 2023, recording a YoY growth of 18.9%. This includes 6,399 units of the Eicher brand and 168 units of the Volvo brand, the company said in a statement. According… Continue reading VECV reports 18.9% YoY jump in dispatches during April 2023
Tata Motors sells 47,107 units in April, records best-ever EV monthly sales
Tata Motors, which has clocked half-a-million sales in both CY2022 and FY2023, has begun FY2023 with sales of 47,107 units in April 2023, up 13.15% year on year (April 2022: 41,630 units) and 6.95% better than March 2023’s 44,044 units. The company, which retails seven passenger vehicles – Altroz, Tigor, Tiago, Nexon, Punch, Harrier and… Continue reading Tata Motors sells 47,107 units in April, records best-ever EV monthly sales