CINCINNATI, June 30, 2020 /PRNewswire/ — Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse”), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, has entered into a financing agreement for a $70 million Senior Secured Convertible Note (the “Note”) with a single institutional investor. The proceeds will be… Continue reading @niche: Workhorse Secures $70 Million Financing from Institutional Investor
Tag: Recalls
@niche: Workhorse Group Successfully Passes FMVSS Tests for Its All-Electric Delivery Vans
CINCINNATI, June 23, 2020 /PRNewswire/ — Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric vehicles to the last mile delivery sector, announced today that it has successfully completed Federal Motor Vehicle Safety Standards (FMVSS) testing for its C650 and C1000 all-electric delivery vans. FMVSS testing… Continue reading @niche: Workhorse Group Successfully Passes FMVSS Tests for Its All-Electric Delivery Vans
Tesla updates ridiculous warranty on problematic media unit and touchscreen
Tesla has updated its warranty for its already problematic media unit and touchscreen with a ridiculously shorter 2-year or 25,000-mile limit. As we previously reported, Tesla had a problem with the embedded Multi-Media-Card memory (eMMC) in its original MCU (the central media unit with a touchscreen). It is being overwritten to the point of failure… Continue reading Tesla updates ridiculous warranty on problematic media unit and touchscreen
@GM: GM Delivers Over 713,600 Vehicles in China in the Second Quarter SHANGHAI – General Motors and its joint ventures delivered more than 713,600 vehic…
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Genesis Reports June and Half-Year 2020 Sales
“Despite a steep decline in the luxury market, Genesis increased sales significantly over last month. As the market recovers, I am confident that Genesis is well-positioned to garner a lot more attention in the second half of the year, said Mark Del Rosso, President and Chief Executive Officer, Genesis Motor North America. Last week, J.D. Power’s 2020… Continue reading Genesis Reports June and Half-Year 2020 Sales
Fully Autonomous GreenPower EV Star Being Developed with Perrone Robotics for Jacksonville Transportation Authority
“With this new partnership, the Jacksonville Transportation Authority will expand and ramp up our AV Test & Learn activities,” said JTA Chief Executive Officer Nathaniel P. Ford Sr. “This work is laying the foundation for what will be the nation’s first public transportation network powered by autonomous vehicles.” The Jacksonville Transportation Authority (JTA) is currently… Continue reading Fully Autonomous GreenPower EV Star Being Developed with Perrone Robotics for Jacksonville Transportation Authority
Geely’s Volvo announces its biggest ever recall over seat belt cable
FILE PHOTO: The Volvo logo is seen on a new XC60 model in a showroom near the Volvo Car Corporation Headquarters in Gothenburg May 20, 2010. REUTERS/Bob Strong STOCKHOLM (Reuters) – Volvo Cars said on Wednesday it was recalling nearly 2.2 million cars built between 2006 and 2019 to address a potential issue with cables… Continue reading Geely’s Volvo announces its biggest ever recall over seat belt cable
@FCA: Statement: Non-saleable Part Lookup Tool
June 29, 2020 , Auburn Hills, Mich. – FCA strongly supports this initiative. Every auto-industry constituent is a stakeholder in the safety-critical Takata recall. Successful recall campaigns require close coordination and parts recyclers are in a unique position to help protect the customers we all share. “We are making progress,” says Mark Chernoby, FCA’s Chief Technical… Continue reading @FCA: Statement: Non-saleable Part Lookup Tool
@Ford: Ford Motor Company Issues a Safety Compliance Recall and a Safety Recall in North America
Ford Motor Company is issuing a safety compliance recall and a safety recall in North America. Go to Source
@Toyota: Toyota is conducting a safety recall involving certain Prius and Prius v vehicles
PLANO, Texas (June 24, 2020) – Toyota is conducting a safety recall involving certain 2013-2015 Model Year Prius and 2014 – 2017 Model Year Prius v in the United States. Approximately 267,000 vehicles are involved in this recall. The involved vehicles were designed to enter a failsafe driving mode in response to certain hybrid system faults.… Continue reading @Toyota: Toyota is conducting a safety recall involving certain Prius and Prius v vehicles