A “Ride With Lordstown” sign is seen outside the Lordstown Assembly Plant in Lordstown, Ohio, U.S., June 21, 2021. REUTERS/Rebecca Cook/File Photo DETROIT, Aug 11 (Reuters) – Lordstown Motors Corp (RIDE.O), which previously warned it needs to raise additional funding, hung the “open for business” sign on its northeastern Ohio plant on Wednesday, saying it… Continue reading TechnologyLordstown eyes contract manufacturing, leasing space at its Ohio plantAugust 11, 2021
Tag: Strategy
Lordstown Motors pivots to renting space at former GM factory
Lordstown Motors is looking to essentially loan out some space at the massive former General Motors factory it owns, as the troubled startup gets closer to building its first production-quality Endurance pickup trucks later this year. Interim CEO Angela Strand shared Wednesday that Lordstown is in “serious discussions… with several potential partners” who may build… Continue reading Lordstown Motors pivots to renting space at former GM factory
Schaeffler intends to sell global chain drive business
2021-08-11 | Herzogenaurach Private equity fund advised by the DUBAG Group commits to take over nine sites with 560 employees New owner intends to use growth potential and expand market position Previous Schaeffler management team will move to the new company Intended sale underlines focus on new technologies in Schaeffler’s Automotive Technologies division The global… Continue reading Schaeffler intends to sell global chain drive business
Road Rage, ‘Zipper Merging’ and a Stress-Free Path Through Traffic
You’re approaching a construction zone and a sign tells you the left lane will end several miles ahead. Traffic is heavy, but you see an opening and move to the right lane. As you inch along, drivers to your left keep zipping by. Miles ahead, you finally reach the merge point and the left-lane drivers… Continue reading Road Rage, ‘Zipper Merging’ and a Stress-Free Path Through Traffic
Lordstown will deliver its Endurance truck to “selected early customers” early next year
The beleaguered EV startup Lordstown Motors is on-track to begin production of its flagship electric truck Endurance, but only select customers will begin to receive vehicles early next year, executives said during a second quarter earnings call. Executives struck a cautious tone in the second-quarter earnings call as they tried to assuage shareholder concerns and… Continue reading Lordstown will deliver its Endurance truck to “selected early customers” early next year
Lion Electric Secures New US$100 Million Credit Facility
MONTREAL, Aug. 11, 2021 /PRNewswire/ – The Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion” or the “Company”), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced that it has entered into a credit agreement providing for a new revolving credit facility in the maximum principal amount of US$100,000,000, with a syndicate… Continue reading Lion Electric Secures New US$100 Million Credit Facility
Is Manitou the Ultimate Pontoon Boat Experience? All Signs Point to Yes
“The best days on the water are those that can’t easily be put into words, with memories that will last a lifetime,” said Garrett Koschak, Manager, Global Product Strategy, Manitou. “That’s our focus every single day at Manitou. Being on the water is a unique opportunity to spend time with family and friends, and whether… Continue reading Is Manitou the Ultimate Pontoon Boat Experience? All Signs Point to Yes
Find Your Fishing Freedom With 2022 Alumacraft Pro Series Bass Boats
Designed to help people find their fishing freedom, the refreshed Pro Series features enhanced ergonomic seating for added comfort, increased number and size of storage compartments, and expanded color options for an eye-catching and unique look. The new Alumacraft Pro Series meets the rugged demands of anglers at any level, from beginners to professionals, and… Continue reading Find Your Fishing Freedom With 2022 Alumacraft Pro Series Bass Boats
Singapore plays catch-up with Taiwan as chip investments soar
SINGAPORE — Singapore has unveiled billions of dollars of semiconductor-related investments over the past year – but it still has far to go if it wants to match Taiwan and other chipmaking powerhouses in Asia. Although it is known in Asia as a prominent financial and technology hub, Singapore’s peers in the region dwarf it… Continue reading Singapore plays catch-up with Taiwan as chip investments soar
Linamar Announces Global Exclusive Manufacturing Agreement and Investment in Automation & Robotics Gearbox Leader IMSystems
GUELPH, ON, Aug. 11, 2021 /CNW/ – Linamar Corporation (TSX: LNR) today announced that it has entered into an exclusive Global Manufacturing Agreement with Netherlands based Innovative Mechatronic Systems B.V. (IMSystems) to bring the Archimedes Drive transmission system to market, a promising technology that offers a major innovation in the Industrial Robotics & Automation sector.… Continue reading Linamar Announces Global Exclusive Manufacturing Agreement and Investment in Automation & Robotics Gearbox Leader IMSystems