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General Motors to Move from Long-Running Detroit HQ Into a New Location Across Town

The Truth About Cars

General Motors recently announced a move from the Renaissance Center (RenCen), the building it purchased in 1996, to a new location at the Hudson’s Detroit building further north. He did say that GM’s executives and corporate offices, including finance, legal, and other departments would make the move.

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Lordstown Motors files for Chapter 11, sues Foxconn; selling off Endurance electric pickup

Green Car Congress

Jefferies is acting as financial advisor to the Company, and White & Case LLP is acting as legal counsel. Earlier post.)

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Lordstown Motors Goes Bust

The Truth About Cars

On Tuesday, Lordstown Motors Corp. Former chief executive of Lordstown Motors, Steve Burns, managed to sell off every share of his stock before the company filed for Chapter 11. Meanwhile, the Lordstown Motors of today is on damage control with the business issuing a press release explaining the bankruptcy and what it intends to do.

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Lordstown Motors founder offloads entire stake in embattled EV maker

Teslarati

Stephen Burns, the founder and former CEO of Lordstown Motors, has sold his entire stake in the electric vehicle maker. Lordstown would later announce that it was looking to file legal action against the Taiwanese company to ensure that the firm’s planned purchase of almost 10% of the EV maker’s shares was not canceled.

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Automotive industry develops new guidance for measuring recycled content of automotive products

Green Car Congress

R3: Recycled portion of purchased raw material, including materials recovered or generated by other industries. Only the recycled portion of a purchased raw material may be counted when material consists of recycled and virgin content. —Reeshemah Howard, Sustainability Mission Leader, General Motors.

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Lordstown Motors continues cash flow woes, sells Ohio plant to iPhone manufacturer Foxconn

Teslarati

Lordstown Motors, an electric vehicle startup based in Ohio, has announced that it has agreed in principle to work jointly on electric vehicle programs with iPhone manufacturer Hon Hai Technology Group, more commonly known as Foxconn. Foxconn appears to be Lordstown’s choice. where he served as Director.

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Bought a new car? Don’t fall for these common myths about motor insurance | Autocar Professional

Baua Electric

This sums up the importance of comprehensive motor insurance for vehicle owners, especially those who have just got a new car. Beyond the legal mandate of a third-party cover, investing in well-rounded motor insurance protects the vehicle owner against financial losses due to damage or theft of the insured vehicle.

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