The troubled electric truck maker Lordstown Motors announced the immediate resignation of its CEO and CFO on Monday. The EV startup, which owns General Motors’ former Lordstown Assembly plant in northeast Ohio, also released the findings from an internal investigation of accusations of fraud made by the Hindenburg research firm. The investigation found most of the accusations… Continue reading Lordstown Motors, a GM investment, announces resignation of CEO, CFO in major shake-up
Tag: Manufacturing
Analyst: Ford planning to move Transit Connect production from Spain to Mexico
Mexico plays a key role in Ford production though the automaker is the biggest employer of factory workers in the U.S. Go to Source
@VW Group: Green Technology: Environmental Projects Are Picking up Pace at Audi003274
What is Audi doing to protect the environment? This question was the focus of TechTalk: Green Technology, at which Audi presented some complex and innovative technology topics on June 9 and 10, marking the kickoff of the GREENTECH FESTIVAL corporate event on June 17 and 18. Audi is involved in protecting the environment in many… Continue reading @VW Group: Green Technology: Environmental Projects Are Picking up Pace at Audi003274
@BMW: BMW i Ventures Invests in Motorway, a UK-based Used Car Marketplace.001208
Mountain View, CA – June 14, 2021… BMW i Ventures announced today that it has joined a new investment round in UK-based used car marketplace Motorway. Motorway will use the new capital to accelerate growth and expand its innovative vehicle selling platform to even more customers and dealers. Motorway is a free service that helps consumers… Continue reading @BMW: BMW i Ventures Invests in Motorway, a UK-based Used Car Marketplace.001208
Indonesia aims to sell only electric-powered cars, motorbikes by 2050
Indonesia aims to sell only electric cars and motorcycles by 2050 to replace vehicles powered by combustion engines, the country’s energy minister said on Monday, as the Southeast Asian country seeks to reduce its carbon emissions. All motorcycles sold from 2040 will be electric-powered, while all new cars sold from 2050 will be electric vehicles (EVs),… Continue reading Indonesia aims to sell only electric-powered cars, motorbikes by 2050
Lordstown Motors CEO and CFO resign amidst production woes
Beleaguered electric vehicle startup Lordstown Motors’ stock shares have taken another hit after the company said Monday that CEO Steve Burns and CFO Julio Rodriguez have resigned, just a few weeks after Burns was reassuring investors of the company’s bright future. Lordstown Motors’ Lead Independent Director Angela Strand was appointed executive chairwoman to oversee the… Continue reading Lordstown Motors CEO and CFO resign amidst production woes
Lordstown Motors CEO resigns after investigation into preorders
Steve Burns, the CEO of General Motors-backed startup Lordstown Motors, has resigned following an investigation into allegations that he and other executives lied about preorders for the company’s electric pickup truck. The startup’s chief financial officer Julio Rodriguez has also resigned. The resignations come just weeks after Lordstown Motors admitted that it needs more money… Continue reading Lordstown Motors CEO resigns after investigation into preorders
DOD Issues RPP Through the National Spectrum Consortium (NSC) to Leverage 5G and Augmented Reality to Save Warfighters’ Lives
WASHINGTON, June 14, 2021 /PRNewswire/ — The US Department of Defense (DoD) has issued a Request for Prototype Proposal (RPP) to the members of the National Spectrum Consortium (NSC) in support of 5G Telemedicine and Medical Training research and technology development. To provide the best possible solutions to the DoD, the NSC has invited members of… Continue reading DOD Issues RPP Through the National Spectrum Consortium (NSC) to Leverage 5G and Augmented Reality to Save Warfighters’ Lives
‘Investing in Better’ – Klöckner Pentaplast Awarded Gold Rating by EcoVadis
LONDON, June 14, 2021 /PRNewswire/ — Klöckner Pentaplast (kp or the company), a leading global manufacturer of high barrier protective packaging solutions with industry-leading use of recycled content, has been awarded a gold rating by EcoVadis, the independent provider of global sustainability ratings for environmental, social, and ethical performance. The gold rating ranks kp in the… Continue reading ‘Investing in Better’ – Klöckner Pentaplast Awarded Gold Rating by EcoVadis
Fehrer Automotive Holds Official Opening for Gadsden Plant Expansion
GADSDEN, Ala., June 14, 2021 /PRNewswire/ — Fehrer Automotive held an official opening and ribbon cutting for a new expansion at its Gadsden plant on Wednesday, June 9, 2021, marking continued growth for one of Etowah County’s largest manufacturers. The company has invested more than $6 million in the 200,000-square foot facility expansion, giving Fehrer… Continue reading Fehrer Automotive Holds Official Opening for Gadsden Plant Expansion