The new CEO of struggling EV startup Workhorse admitted Tuesday that he’s not sure the company’s C-1000 electric van can stand up to the kind of punishing work required by delivery companies. In other words, Workhorse’s EV isn’t a workhorse. “As I’ve talked to the big customers at UPS, FedEx, others, they expect to have… Continue reading Workhorse’s new CEO admits the startup’s electric van is no workhorse
Tag: Recalls
U.S. auto safety regulator awards over $24 mln to Hyundai Motor whistleblower
The award to ex-Hyundai Motor engineer Kim Gwang-ho is the biggest ever in a whistleblower case in the auto sector globally, according to law firm Constantine Cannon. The U.S. auto safety regulator announced on Tuesday its first-ever reward to a whistleblower, handing out more than $24 million to a former Hyundai Motor Co employee who… Continue reading U.S. auto safety regulator awards over $24 mln to Hyundai Motor whistleblower
@FCA: Dodge Announces ‘Never Lift’ Business Plan
November 8, 2021 , Detroit – Dodge Brand Chief Executive Officer Tim Kuniskis today previewed the brand’s two-year business plan, which he dubbed Never Lift. The Dodge Never Lift plan will be news-packed, calling for a minimum of one product- or automotive-enthusiast-related announcement every three months. Included in today’s 24-month Never Lift rollout were four additional news… Continue reading @FCA: Dodge Announces ‘Never Lift’ Business Plan
Uber squeaks tiny adjusted profit in Q3 despite $2.4B net loss
Today after the bell American ride-hailing giant Uber reported its third-quarter financial results. Critically, the long-unprofitable company managed to squeak $8 million worth of adjusted EBITDA — a very modified profit metric — while still posting net losses of more than $2 billion. The adjusted-profit result comes days after Lyft, Uber’s domestic rival, also recently… Continue reading Uber squeaks tiny adjusted profit in Q3 despite $2.4B net loss
Arun Sirdeshmukh: ‘Ola Cars is aiming at leadership position in India’s used-car market .’
Within a month of launching its used-vehicle business, Ola Cars claims to have sold more than 5,000 vehicles on its platform. The CEO of Ola Cars speaks to Nilesh Wadhwa on the company’s growth strategy, the sharp focus on customer satisfaction and developing an expansive service network. What is the strategy behind Ola’s diversification into… Continue reading Arun Sirdeshmukh: ‘Ola Cars is aiming at leadership position in India’s used-car market .’
Autos & Transportation · 1:45 PM UTCGM to extend Chevrolet Bolt plant shutdown by three weeksGeneral Motors Co confirmed Friday it will again halt pro…
Workers assemble Chevy Bolt EV cars at the General Motors assembly plant in Orion Township, Michigan, U.S. November 4, 2016. REUTERS/Joe White/File Photo WASHINGTON, Nov 5 (Reuters) – General Motors Co (GM.N) confirmed Friday it will again halt production at its Orion Assembly plant in Michigan, which makes the Chevrolet Bolt electric vehicle, for three… Continue reading Autos & Transportation · 1:45 PM UTCGM to extend Chevrolet Bolt plant shutdown by three weeksGeneral Motors Co confirmed Friday it will again halt pro…
AAM Reports Third Quarter 2021 Financial Results
AAM Terms of Use & Privacy Policy Terms of Use ATTENTION: PLEASE READ THESE TERMS CAREFULLY BEFORE USING THIS WEBSITE. USING THIS WEBSITE INDICATES THAT YOU ACCEPT THESE TERMS. IF YOU DO NOT ACCEPT THESE TERMS (“TERMS”), DO NOT USE THIS SITE. Use of AAM Website American Axle & Manufacturing, Inc. and/or its respective… Continue reading AAM Reports Third Quarter 2021 Financial Results
AAM Secures Business Award for Next Generation 3-in-1 Electric Drive Technology
AAM Terms of Use & Privacy Policy Terms of Use ATTENTION: PLEASE READ THESE TERMS CAREFULLY BEFORE USING THIS WEBSITE. USING THIS WEBSITE INDICATES THAT YOU ACCEPT THESE TERMS. IF YOU DO NOT ACCEPT THESE TERMS (“TERMS”), DO NOT USE THIS SITE. Use of AAM Website American Axle & Manufacturing, Inc. and/or its respective… Continue reading AAM Secures Business Award for Next Generation 3-in-1 Electric Drive Technology
World NM: Chevrolet Bolt Production Halt Announced Amid Battery Fire Recall001629
Remember when countless motoring publications were hailing the Chevrolet Bolt EV as a Tesla Model 3 killer? They couldn’t have been more wrong, and General Motors couldn’t have made a bigger mess of their first mass-market electric car. Not only did they get the size wrong (it’s a subcompact), but the battery recall has surely… Continue reading World NM: Chevrolet Bolt Production Halt Announced Amid Battery Fire Recall001629
Fisker is on target to launch the Ocean electric SUV in November 2022
Fisker provided an upbeat forecast on the ramp-up of its electric automaking business during Wednesday’s third-quarter earnings call, highlighting its manufacturing partnership with Foxconn, a battery supply agreement with Chinese battery giant CATL secured and its on-track production for the company’s debut Ocean SUV. The company confirmed that it will start production of the Ocean… Continue reading Fisker is on target to launch the Ocean electric SUV in November 2022