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Category: US Motoring Press
Embattled EV start-up Lordstown touts ‘real employees at a real plant’ as it seeks capital infusion
Executives with EV start-up Lordstown Motors this week are hoping to convince Wall Street investors and analysts that they can be a “real” automaker. Go to Source
Chinese Tesla rival Xpeng Motors to raise up to $2 billion in Hong Kong listing
Xpeng Motors will raise money to compete in China’s increasingly crowded electric car market against the likes of Tesla and Nio. Go to Source
US Postal Service delivery trucks to have Ford engines, transmissions in new fleet
As part of its continued growth in the area of commercial business, Ford Motor Co. has confirmed it will provide engines, transmissions and other parts for new U.S. Postal Service delivery vehicles. “The U.S. Postal Service and Oshkosh will use Michigan-made engines and transmissions from Ford Component Sales to help deliver the mail,” Mike Levine, Ford North… Continue reading US Postal Service delivery trucks to have Ford engines, transmissions in new fleet
Ford Motor Co. hires former Renault exec Franck Louis-Victor to lead new businesses
A former Groupe Renault executive, Franck Louis-Victor, will join Ford Motor Co. on July 1 as vice president of new businesses, the Dearborn automaker announced Monday. His role is essential to developing and implementing a strategic plan for the Ford+ plan to create new value for customers and stakeholders, the company said in a news release. He will… Continue reading Ford Motor Co. hires former Renault exec Franck Louis-Victor to lead new businesses
Lordstown Motors Invites Investors and Analysts to Its Factory
Its fortunes took a turn this year when a small investment firm, Hindenburg Research, issued a report noting that almost none of the pre-orders were firm commitments to buy trucks, and some had come from small companies not currently operating truck fleets. The company has promised to start production of the Endurance in September, but… Continue reading Lordstown Motors Invites Investors and Analysts to Its Factory
Jeep Grand Cherokee L arriving in showrooms to expand brand’s reach
The 2021 Grand Cherokee L is scheduled to arrive in Jeep showrooms next week as the first three-row model for the brand in more than a decade. Go to Source
Payne: The ‘moment’ IndyCar opened America, the Motor City
Racing wins: How over two weekends, Penske-owned IndyCar engineered two mask-less races in Indianapolis and Detroit that helped open America. Go to Source
GM eyeing ‘viable’ markets for fuel cells: locomotive and aerospace
Detroit — General Motors Co.’s hydrogen fuel cell business is attempting to prove its capabilities with news this week that it’s working with both locomotive and aerospace companies. Hydrotec, a small business within GM, and Liebherr-Aerospace, a global supplier of on-board aircraft systems, on Thursday said they signed a joint development agreement to work on a hydrogen fuel cell-based electrical power… Continue reading GM eyeing ‘viable’ markets for fuel cells: locomotive and aerospace
Flex-N-Gate adds 245 jobs with new Troy manufacturing facility
Global auto supplier Flex-N-Gate will add 245 jobs at a manufacturing facility in Troy, the Michigan Economic Development Corp. said Thursday. The tier-1 auto supplier, whose Troy business unit creates sequenced plastic fascias and welded underbody real rails, will privately invest $52.1 million. Flex-N-Gate’s venture, company leaders said in announcing the facility, will solidify the auto supplier’s position… Continue reading Flex-N-Gate adds 245 jobs with new Troy manufacturing facility