NEW YORK — Lordstown Motors filed for bankruptcy protection and put itself up for sale after the U.S. electric truck manufacturer failed to resolve a dispute over a promised investment from Taiwan company Foxconn. Lordstown, named after the Ohio town where it is based, filed for Chapter 11 protection in Delaware and simultaneously took legal
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NEW YORK — Lordstown Motors Corp., the electric truck startup that launched operations in a former General Motors small-car plant in Ohio, filed for Chapter 11 bankruptcy protection on Tuesday and put itself up for sale after the company failed to resolve a dispute over a promised investment from Taiwan’s Foxconn. Shares of Lordstown plunged
In this article RIDE Follow your favorite stocksCREATE FREE ACCOUNT The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Struggling electric-truck maker Lordstown Motors filed for Chapter 11 bankruptcy protection on Tuesday and said that it would
As masters of the Mopar engine, Freiburger and Dulcich know how to exact the most horsepower and torque from stock Mopar engines. Here’s what the’ve done to some pretty basic Mopars on Engine Masters. Get a fast, simple and free car quote ➡️ https://quotes.motortrend.com/ #Mopar #EngineMasters #MotorTrend MotorTrend is the ultimate streaming destination for gearheads coupled with the
The Tesla Cybertruck all-electric pickup will have a pretty unusual charging inlet location, and in today’s post, we will take a while to discuss it. The vehicle was recently presented at the inaugural Electrified Cars & Coffee at Petersen Automotive Museum in California. It’s difficult to say how close to the production version it is
China sold more cars abroad than any other nation in the first quarter in part because of a sales jump to customers in Russia. The Asian country exported 1.07 million vehicles in the three months through March, overtaking long-time leader Japan, consultancy AlixPartners said Monday. China delivered 112,000 vehicles to Russia — roughly the same
Jun 26, 2023, 12:09 PM ET British racing team Hitech have applied to enter a team in Formula One from 2026 with investment from Kazakh billionaire businessman Vladimir Kim. Hitech Global Holdings, which owns and operates Hitech Grand Prix, said in a statement on Monday it had agreed the sale of a 25% interest to
Nobel laureate John Goodenough, a pioneer in the development of lithium-ion batteries that today power millions of electric vehicles around the globe, died on Sunday just a month short of his 101st birthday. The American was “was a leader at the cutting edge of scientific research throughout the many decades of his career,” said Jay
ANN ARBOR, Mich. — The least expensive version of the Chevrolet Silverado EV will cost more than the $39,900 price previously touted by General Motors when it goes on sale in 2024. Originally announced in January 2022 with a price of $39,900 before shipping, Chevy officials said economic and supply constraints over the past 18 months
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford CEO Jim Farley at a battery lab for the automaker in suburban Detroit, announcing a new $3.5 billion electric vehicle battery plant in the state to produce lithium iron phosphate batteries, Feb. 13, 2023. Michael Wayland/CNBC DETROIT — Ford Motor confirmed Monday it will
By Simon Alvarez Posted on June 25, 2023 Tesla has initiated a recall for the Model 3 and Model Y over a potential fault in the affected vehicles’ pyrotechnic battery disconnect. Unlike previous recalls from the electric vehicle maker, this particular issue would not be fixed through an over-the-air software update. As noted in a
Aston Martin is in the process of renewing its sports car lineup, with a successor to the DB11 to be the first of the new arrivals. It’s scheduled for a reveal on May 24, and trademark information suggests the car will be called the DB12. The DB11 successor will be followed in quick succession by
LONDON — Hollywood actors Ryan Reynolds and Rob McElhenney are joining Otro Capital and RedBird Capital Partners in an investor group taking a 24 percent equity stake in Alpine Racing, Renault Group’s Formula One team, Renault said in a statement. The 200-million-euro ($218.10 million) deal values British-based Alpine Racing at around $900 million following the
Jun 26, 2023, 02:35 AM ET Hollywood actors Ryan Reynolds and Rob McElhenney are joining Otro Capital and RedBird Capital Partners in an investor group taking a 24% equity stake in Alpine Racing, the Formula One team’s parent company Renault announced on Monday. The €200 million ($218.10m) deal values British-based Alpine Racing at around $900m
Aston Martin struck a strategic supply agreement for high performance EVs that will see the U.S.-based Lucid Group getting a roughly 3.7 percent stake in the U.K. automaker. As part of the agreement, Aston Martin will issue about 28.4 million new ordinary shares to Lucid, which will also get phased cash payments, totaling an aggregated
Bam! Stubby Bob goes big-time in this episode of Roadkill, presented by Dodge. In episode 44 of Roadkill, Mike Finnegan and David Freiburger took a 1950 Ford F6 dump truck and shortened the wheelbase to just 102 inches so it would look freaky-cool—but the truck wasn’t road trip–ready by the end of the show. This
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PARIS — Sustainability is the biggest challenge the automotive industry has ever faced, and the only way to meet the challenge of significantly lowering greenhouse gas emissions by 2030 is by acting together. That was the key message delivered by Polestar executive Fredrika Klaren to the Automotive News Europe Congress here last week. Klaren, who