Category: US Motoring Press

Ford Motor Shows Signs of Revival Under Jim Farley

For years, Ford Motor has been working on a turnaround but showing little progress in the showroom or its profits. But the 118-year-old automaker’s outlook has brightened recently, and many analysts give credit to Jim Farley, who took over as chief executive last October. Ford has introduced several well-received models, including a redesigned F-150 pickup… Continue reading Ford Motor Shows Signs of Revival Under Jim Farley

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

Bill investing billions in semiconductors, needed badly by auto industry, passed in Senate

The U.S. Senate on Tuesday voted 68-32 in favor of legislation intended to battle back against overseas competition, especially a growing threat from China, including investing more than $50 billion into the making of semiconductors, a product badly needed by the auto industry. The legislation also includes $2 billion in specific investments in older generation semiconductors… Continue reading Bill investing billions in semiconductors, needed badly by auto industry, passed in Senate

Lordstown Motors issues warning, here’s what it means for GM and its stake

General Motors is mum on a high-profile, albeit small investment in startup electric truck maker Lordstown Motors as the startup teeters on the edge of extinction. In a government filing Tuesday, Lordstown Motors said it doesn’t have enough money to start commercial production and it has doubts whether it can continue as a going concern through the end of the… Continue reading Lordstown Motors issues warning, here’s what it means for GM and its stake