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Lordstown Motors flags cash crisis with ‘going concern’ warning

The startup said in a filing that its current cash levels are not sufficient for commercial production......»»

Source:  AutonewsCategory: AutoJun 9th, 2021Related News

Ford-backed Solid Power said in talks with Decarbonization SPAC

The solid-state battery startup also counts BMW among its investors......»»

Source:  AutonewsCategory: AutoJun 9th, 2021Related News

70 years of automotive design from the front row

Robert Cumberford continues to remain by default the English-speaking world’s dean of automotive design criticism. His career spanned decades, yet his authority on the subject remains undimmed......»»

Source:  AutonewsCategory: AutoJun 9th, 2021Related News

Lithia adds 2 dealerships in L.A.

Lithia Motors, which says it is ahead of its dealership acquisition plans, bought its first BMW store in Southern California......»»

Source:  AutonewsCategory: AutoJun 9th, 2021Related News

GM to build some pickups, SUVs without start-stop feature

GM plans to build some 2021 full-size pickups and SUVs without the fuel-saving feature because of the global microchip shortage......»»

Source:  AutonewsCategory: AutoJun 9th, 2021Related News

Renault charged with diesel deception by French investigators

The charges spring from a judicial investigation opened in early 2017, days after VW settled criminal and civil complaints with the U.S......»»

Source:  AutonewsCategory: AutoJun 9th, 2021Related News

Reynolds and Reynolds acquires digital retailing provider Gubagoo

Reynolds says the deal furthers its Retail Anywhere strategy. Gubagoo's products include live chat tools for dealership websites and a virtual retailing platform......»»

Source:  AutonewsCategory: AutoJun 9th, 2021Related News

Biden administration sets up "strike force" to go after China on trade

Though not explicitly directed at China, the review is part of a broader Biden administration strategy to shore up U.S. competitiveness in the face of economic challenges posed by the world's second-largest economy......»»

Source:  AutonewsCategory: AutoJun 9th, 2021Related News

Tesla China deliveries surge 29% in May after April slump

The EV maker handed over 33,463 locally made vehicles last month, compared with 25,845 in April......»»

Source:  AutonewsCategory: AutoJun 9th, 2021Related News

Newer Toyota, Lexus vehicles to get Parkopedia service

The Park with Parkopedia service will cover locating, reserving and paying for off-street parking in 2018 model-year or newer Toyota and Lexus vehicles......»»

Source:  AutonewsCategory: AutoJun 9th, 2021Related News

Lamborghini bidder Quantum makes innovation pitch to VW

The newly-established investor said its proposed acquisition of the Italian sports-car brand "would clearly be a key strategic benefit to the wider Volkswagen Group.".....»»

Source:  AutonewsCategory: TopMay 26th, 2021Related News

Volvo"s oldest, most productive car plant now climate neutral

Volvo's Torslanda factory, near Gothenburg, is the Swedish automaker's first vehicle assembly plant to achieve climate neutrality......»»

Source:  AutonewsCategory: TopMay 26th, 2021Related News

BMW names new bosses for U.S., German and UK plants

The automaker is reorganizing leadership at key production sites......»»

Source:  AutonewsCategory: TopMay 26th, 2021Related News

Brockman"s $15 million fishing lodge faces seizure in tax fraud case

Prosecutors claim that assets tied to debt fraud charges are subject to forfeiture, including a fishing lodge the former Reynolds and Reynolds CEO developed on the Frying Pan River in Colorado......»»

Source:  AutonewsCategory: TopMay 26th, 2021Related News

Ford boosts electrification spending, expects 40% of global sales to be EVs by 2030

Ford is also doubling down on its commercial business, expecting to nearly double the $27 billion in revenue earned in 2019......»»

Source:  AutonewsCategory: TopMay 26th, 2021Related News

2022 Taos gives VW a Jeep Compass fighter

The German brand's new entry-level compact crossover, the 2022 VW Taos, is intended to give VW dealers an affordable entry in the growing segment......»»

Source:  AutonewsCategory: TopMay 26th, 2021Related News

German police investigate possible arson at Tesla site

Far-left activists claimed responsibility for the fire early Wednesday that damaged several power cables leading to the construction site......»»

Source:  AutonewsCategory: TopMay 26th, 2021Related News

GM, Lockheed Martin to develop lunar vehicle for moon missions

NASA wants any new rovers to extend the range astronauts have to conduct scientific experiments on the moon......»»

Source:  AutonewsCategory: TopMay 26th, 2021Related News

Ford to offer EV versions of Explorer, Aviator, ‘rugged SUVs"

New rwd/awd architecture for EVs will enable a "range of emotive vehicles" between now and 2030, Ford's Hau Thai-Tang said.....»»

Source:  AutonewsCategory: TopMay 26th, 2021Related News

BMW, VW to face lowered EU fines over emissions collusion, report says

The European Commission, which charged the automakers in 2019 with colluding to block the rollout of clean emissions technology, is likely to issue fines before the summer break......»»

Source:  AutonewsCategory: TopMay 26th, 2021Related News