Former Lime exec launches Cabana, a company that merges #vanlife and hotels

Is it glamping on wheels? Hotel #vanlife? It’s Cabana, a new startup from a former Lime executive that’s bringing tricked out vans with all the amenities of a Holiday Inn hotel room to cities on the West Coast starting in Seattle. “Because of Lime I spent 54 consecutive weeks on the road staying at hotels,”… Continue reading Former Lime exec launches Cabana, a company that merges #vanlife and hotels

Exclusive: Nissan settles dispute with Indian state over unpaid dues – sources

NEW DELHI/CHENNAI (Reuters) – Nissan Motor Co (7201.T) has agreed to settle a long-running dispute with the Indian state of Tamil Nadu after claiming it was owed 50 billion rupees ($660 million) in unpaid dues and damages, six sources told Reuters. FILE PHOTO: Nissan Motor’s logo is pictured at its headquarters in Yokohama, Japan February… Continue reading Exclusive: Nissan settles dispute with Indian state over unpaid dues – sources

GM, Ford turn to fast-payment programs to aid suppliers hit by shutdowns

DETROIT (Reuters) – General Motors Co (GM.N) and Ford Motor Co (F.N) are using fast-payment programs set up with financial lenders to help cash-strapped small suppliers survive production shutdowns caused by the coronavirus pandemic. FILE PHOTO: A partially assembled V6 engine, used in a variety of General Motors cars, trucks and crossovers, moves down the… Continue reading GM, Ford turn to fast-payment programs to aid suppliers hit by shutdowns

@Ford: Ford Temporarily Pauses Production on One Line at Chicago Stamping Plant to Complete Enhanced Cleaning, Following Safety Protocols for COVID-19 Case

The safety of our workforce is our top priority. Working closely with the UAW and external experts in infectious disease and epidemiology, we have developed safety standards to protect our workforce. Go to Source

Rumor: Ford To Use BYD’s Batteries In Cars Sold In China

According to a short report, Ford may soon equip some of its plug-in hybrid models in China with lithium-ion battery cells (NMC) from BYD. The news comes from the Moneyball and is reportedly based on the latest list, released by Ministry of Industry and Information Technology (MIIT). We guess that if the partnership takes on… Continue reading Rumor: Ford To Use BYD’s Batteries In Cars Sold In China

Lithium producers must wait as pandemic slows electric vehicle revolution

JOHANNESBURG/HOUSTON (Reuters) – The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of battery metal lithium into survival mode with output cuts, expansion delays and sales of major assets. FILE PHOTO: A parking sign for electric vehicles is pictured, where U.S. electric vehicle pioneer Tesla announced to build its first European factory and… Continue reading Lithium producers must wait as pandemic slows electric vehicle revolution

Debt and coronavirus push Hertz into bankruptcy protection

Tom Krisher, AP Auto Writer Published 11:41 p.m. ET May 22, 2020 Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company’s business. The Estero, Florida-based company’s lenders were unwilling to grant it another extension on its auto… Continue reading Debt and coronavirus push Hertz into bankruptcy protection

Car dealerships are taking Tesla’s lead by embracing online sales in the wake of COVID-19. Now industry insiders say salespeople will have less power over customers because of it. (CVNA, KMX)

Online car sales and home deliveries have become more popular in the wake of the novel coronavirus. That trend will continue well into the future, auto industry executives told Business Insider. “Customers will welcome the power shifting back in their direction, and they deserve that,” said Laura Schwab, president of Aston Martin in the Americas.… Continue reading Car dealerships are taking Tesla’s lead by embracing online sales in the wake of COVID-19. Now industry insiders say salespeople will have less power over customers because of it. (CVNA, KMX)

Car rental firm Hertz files for bankruptcy protection in US

The 102-year-old car rental firm Hertz has filed for bankruptcy protection after its business all but vanished during the coronavirus pandemic. Hertz said in a US court filing on Friday that it had voluntarily filed for Chapter 11 reorganisation. Its international operating regions including Europe, Australia and New Zealand were not included in the US… Continue reading Car rental firm Hertz files for bankruptcy protection in US