Taiwan’s Foxconn, best known as the manufacturer of the iPhone, is now in the car manufacturing business. Lordstown Motors on Wednesday said the $230 million deal announced in the fall to sell its sprawling 6.2 million-square-foot plant to Foxconn has closed. The deal transfers to Hon Hai Technology Group — which trades under the Foxconn
Month: May 2022
In this article RIDE Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors’ assembly plant in Ohio. Michael Wayland / CNBC Embattled electric vehicle start-up Lordstown Motors said Wednesday it has closed a $230 million deal to sell its Ohio factory to
Volkswagen Group announced today the decision to launch an all-electric pickup and rugged EV SUV (R-SUV) in the US under the iconic Scout brand. The possibility of reviving and electrification of the Scout brand was hinted at recently and is not a surprise, as it fits in the general trend to electrify icons (like Mustang,
The Hummer, Bronco and Blazer have all returned in recent years as a result of the ongoing SUV boom. The International Harvester Scout is next. Citing people familiar with the matter, The Wall Street Journal reported on Tuesday that Volkswagen Group’s board is expected to give the green light on Wednesday to a Scout revival.
Volkswagen Group confirmed that it will launch a U.S.-based Scout subbrand for an all-new “rugged” electric pickup and SUV that will be on a new platform and unlike anything else in the automaker’s massive global portfolio. VW Group will build a “separate, independent company” to resurrect the Scout name, which it acquired last year as
A Dodge Grand Caravan from the mid-2000s is far from the most desirable minivan out there and this particular example is more horrific than most. This bizarre Grand Caravan was spotted in the U.S. and a single image of it was shared to Reddit. Describing it as unsafe to drive would be an understatement and
MEXICO CITY – General Motors and a new independent union at the U.S. automaker’s biggest Mexican plant have reached a deal for a new workers’ contract that includes raises and benefits above inflation, the union said on Wednesday. The negotiations at GM’s plant in the central city of Silao in Guanajuato state marked a high-profile
In this article GM 2023 Cadillac Escalade V-Series Cadillac DETROIT — General Motors’ newest Cadillac Escalade will be the most powerful and expensive version of the full-size SUV ever when it goes on sale this summer, starting at about $150,000. The Detroit automaker unveiled the 2023 Cadillac Escalade-V on Wednesday with a supercharged 6.2-liter V-8
By Simon Alvarez Posted on May 11, 2022 Elon Musk recently confirmed that he intends to stay at Tesla as long as he can provide value for the electric vehicle maker. Musk’s comments were shared during his interview at the Financial Times‘ Future of the Car 2022 Summit. Musk is a multitasker, so much so that he
Front-wheel drive, rear-wheel drive, and all-wheel drive—we all know they are different, but how do they affect the handling of each car? On this episode of BFGoodrich’s The Racing Line presented by Tire Rack, Randy Pobst takes out the Mazda Miata, Ford Focus ST, and Subaru WRX STI to find out! Subscribe now to make
For sports car enthusiasts, the introduction of electric and hybrid models is a threat to the character of the driving experience. However, there’s one brand that has never had a problem with character, and that’s Ferrari, so if it can make hybrid sports cars cool, then it could lead the way for the rest of
TOKYO — Toyota smashed earnings records across the board in the latest fiscal year, racking all-time highs for revenue, operating profit and net income even as it battled the ongoing COVID-19 pandemic and global semiconductor shortage. Operating profit climbed 36 percent to 3 trillion yen ($24.61 billion) in the fiscal year ended March 31, topping
7:00 PM ET Charles Leclerc and Carlos Sainz chat after locking out an all-Ferrari front row for the Miami Grand Prix. Hasan Bratic/picture alliance via Getty Images MIAMI – Lewis Hamilton said the late pit stop Mercedes offered him and he declined to take felt like an unnecessary risk as he once again bemoaned the timing
What kind of vehicle is the 2022 Chevy Silverado 1500? What does it compare to? The 2022 Chevrolet Silverado 1500 full-size pickup truck vies for king of the trucking hill with the bestselling Ford F-150, comfortable Ram 1500, redesigned Toyota Tundra, and value-oriented Nissan Titan. Is the 2022 Chevy Silverado 1500 a good truck? Review
A Toyota Corolla proved that when it rains it pours after being involved in a strange double accident captured by dashcam and posted to Reddit recently. The video comes from a rear-facing camera on a vehicle and was posted by Reddit user u/lulujai. In it, a Toyota Corolla directly behind the camera vehicle on a
Shift Technologies said it cut positions last month equating to about 10 percent of its corporate team and is pausing its expansion into the Las Vegas market as the online used-vehicle retailer focuses on trimming costs and operating more efficiently. San Francisco-based Shift said Tuesday in a shareholder letter disclosing its first-quarter financial results that
In this article TSLA Employees work at the Tesla Gigafactory in Shanghai, east China, Nov. 20, 2020. U.S. electric car company Tesla in 2019 built its first Gigafactory outside the United States in the new Lingang area, with a designed annual production capacity of 500,000 units. Ding Ting | Xinhua News Agency | Getty Images
VW’s advisory board is expected to approve a proposal tomorrow to spin off a new EV company centered around off-road vehicles, as first reported by WSJ. The company will resurrect the classic nameplate from the International Harvester Scout, a Jeep-like off-road vehicle from the 60s and 70s, and fill a similar niche as the Rivian
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