Day: June 25, 2020

Lordstown Motors to unveil electric pickup at former GM plant

WASHINGTON — Lordstown Motors Corp. will present off its prepared electric pickup truck at an party Thursday as the startup seeks to begin manufacturing automobiles at a former Normal Motors manufacturing unit in northeast Ohio.

Lordstown Motors, which hopes to commence delivering the electric pickup to customers by January 2021 and is nevertheless working to increase more capital, will facial area substantial competition from other automakers.

Vice President Mike Pence and Strength Secretary Dan BrouilletteĀ are scheduled to go to the party featuring the pre-creation car or truck on Thursday in the politically important state of Ohio.

“Ohio has usually

Read More

Adient joint venture buyout price cut by $10 million

DETROIT — Seating provider Adient plc mentioned Wednesday it diminished the price on a deal to promote its 30 p.c possession stake in a joint undertaking with Yanfeng Automotive Inside Techniques Co.

Beneath the altered deal, Yanfeng will get Adient’s stake for $369 million — $10 million much less than the initial settlement announced in January. Yanfeng will handle a hundred p.c of the interiors joint undertaking upon expected completion of the deal in the fourth quarter of this yr. Of the total, $sixty million will be compensated on a deferred basis, Adient mentioned in a push launch.


Read More

Top Five: 2020 classic car anniversaries and their modern-day equivalents

Imagine it or not, this week marks the center of 2020. That is appropriate, we are previously 50 % way as a result of what should go down as one of the strangest several years in latest memory.

On the other hand, whilst there here and now is a minimal uncommon to put it mildly, this time-based strategy obtained us wondering, and we dug out our Best 5 typical autos celebrating their birthdays this calendar year.

What’s more, we have lined them up with their modern-working day creation or idea successors to see how considerably things have arrive. On that

Read More