One day after his abrupt resignation from Nikola Corp., former Chairman and CEO Trevor Milton ghosted his Twitter followers and vanished from public view. Why he did it is a bit of a mystery. But his disappearing act, to some, points to guilt or cowardice in the fallout from a report that accused the company he founded of “intricate fraud.” Now Wall… Continue reading Ex-Nikola CEO mysteriously vanishes from social media after abrupt resignation
Category: US Motoring Press
Ford reaches ‘home run’ labor deal with big investment from Canadian government
Ford Motor Co. reached a tentative labor contract deal with its Canadian autoworkers Tuesday based in no small part on critical support from the Canadian government, announced Unifor National President Jerry Dias. Having pushed past a midnight deadline Monday, union members earlier had voted to strike the Dearborn automaker if necessary. They forged an agreement instead. In a dramatic pivot from… Continue reading Ford reaches ‘home run’ labor deal with big investment from Canadian government
As Ford pays owners thousands in Focus, Fiesta transmission case, deadline for payout looms
Ford Focus and Fiesta owners say the money is flowing. And for others who have struggled with defective transmissions, deadlines are fast approaching to apply for financial relief. More than 2 million consumers who may qualify for compensation ranging from a $20 inconvenience payment to a total buyback that may exceed $20,000 received postcards in April alerting them… Continue reading As Ford pays owners thousands in Focus, Fiesta transmission case, deadline for payout looms
GM’s Barra talks flying cars and transforming the automaker
The idea of flying cars is back on the table at General Motors in its pursuit of zero crashes, zero emissions and zero congestion. The automaker is considering options in the aerial taxi market. Yeah, that’s right, flying cars. Those options could include making the air taxis or partnering with another firm to make them, a spokesman for GM confirmed. … Continue reading GM’s Barra talks flying cars and transforming the automaker
Cadillac dealers must invest $200K each for brand’s EV future
Detroit — The push for an all-electric future will come with a cost for General Motors Co. dealers. For Cadillac dealers that cost is estimated to be at $200,000 to transition dealerships for Cadillac’s electric vehicles beginning with the Lyriq crossover, the brand’s first all-electric vehicle hitting U.S. dealerships in late 2022 after debuting first in the China… Continue reading Cadillac dealers must invest $200K each for brand’s EV future
McLaren considers sale of global headquarters to raise cash
Luxury sports-car maker McLaren Automotive is considering a sale of its global headquarters as part of a refinancing strategy the company announced earlier this year. The U.K. company has also appointed banks to advise on a debt restructuring and equity raise to buttress its balance sheet, it said in a statement Thursday. The company has… Continue reading McLaren considers sale of global headquarters to raise cash
Ford severance packages offered to U.S. workers: Here are the details
Ford Motor Company plans to email employees on Tuesday details for severance packages with a goal of shedding at least 1,400 U.S. jobs by the end of 2020, and the Free Press has obtained details of the offer. The so-called “Voluntary Incentive Program” (VIP) provides a lump-sum cash severance payment for eligible employees who elect to, and… Continue reading Ford severance packages offered to U.S. workers: Here are the details
Canada’s Unifor picks Ford as lead in Detroit Three contract talks
Detroit — Ford Motor Co. of Canada has been selected as the lead company with which the Unifor labor union will bargain as they negotiate with Detroit’s three automakers on new contracts. Unifor will bargain with Ford to establish a pattern for the four-year contracts that expire at 11:59 p.m. Sept. 21. The union on Tuesday selected Ford out… Continue reading Canada’s Unifor picks Ford as lead in Detroit Three contract talks
How Lucid Motors plans to spin Tesla-killing strategy out of air
“Peter I’m working for this guy called Elon Musk, and we are in deep s–-.” That’s how the phone call from Tesla model manager Dave Morris to engineer Peter Rawlinson began in 2009, when Morris needed help working on the prototype for a new electric car. Eventually, he lured Rawlinson to work at Tesla Inc.,… Continue reading How Lucid Motors plans to spin Tesla-killing strategy out of air
3-D Printing, a Boon for Racers, Inches Closer for Carmakers
The Belgian racing team Heli had an engine problem. Specifically, under race conditions, the manifold of the four-cylinder turbo diesel in its BMW 1-series exploded, bursting along an ultrasonically welded seam that held together the manifold’s two halves. The team tried reinforcing the seam. But when the car returned to the track, during the middle… Continue reading 3-D Printing, a Boon for Racers, Inches Closer for Carmakers