Automotive news and trends brought to you by The Free Press- Tampa.
Ford Motor Co. is set to lay off at least 1,000 employees in North America less than a week after the auto titan got a multibillion-dollar loan from the Biden administration to invest in its electric vehicle business, The Wall Street Journal reported Tuesday. Salaried…
Read More Report: Ford Plans More Mass Layoffs After Getting Multibillion-Dollar Federal Loan
Electric vehicle startup Lordstown Motors Corp. (LMC) filed for Chapter 11 bankruptcy on Tuesday, blaming its financial turmoil on alleged fraud from investment partner Foxconn, according to a press release from LMC. LMC filed for bankruptcy to restructure its debt and continue operations after it…
Read More Electric Vehicle Startup Files For Bankruptcy, Sues Investment Partner
The U.S. Department of Energy (DOE) on Thursday announced a conditional loan of up to $9.2 billion to a joint electric vehicle venture between Ford and Korean battery maker SK On. When combined with state subsidies offered to the joint venture, known as BlueOval SK,…
Read More Biden Admin Gives ‘Conditional’ $9 Billion Loan To Ford, Foreign Company For EV Plants
Residents of Florida need to understand how no-fault car insurance works in the state. So, let’s explore and explain six key features. No-Fault System Basics Before we look at the features of no-fault car insurance in The Sunshine State, you need to understand how no-fault…
Read More How Does No-Fault Car Insurance Work In Florida? Six Key Features Explained
On the centenary of one of the most revered motorsport events in the world, Bugatti returned to Le Mans, showcasing the Bolide to the public for the very first time with a legendary and highly decorated driver taking to the wheel of the brand’s high-performance…
Read More Bugatti Bolide Makes Spectacular Public Debut At 24 Hours Of Le Mans Centenary
Jeep is recalling two versions of its Grand Cherokee due to an issue with rear coil springs. Automobile manufacturing company Stellantis reports that 2022-2023 Grand Cherokees and 2021-2023 Grand Cherokee Ls have rear coil springs that may have been installed incorrectly. “This recall is not…
Read More Jeep Recalling Over 330K Vehicles
A new study from the AAA Automotive Engineering research team finds that electric vehicles (EVs) lose a significant amount of range when loaded with heavy cargo. The study tested the Ford F-150 Lightning, a popular electric pickup truck, and found that its range dropped by…
Read More AAA Study: EVs Lose Significant Range When Hauling Heavy Cargo
DAVENPORT, Fla. – Ford Motor Credit Company employees spent the day volunteering at the Sunshine Foundation Dream Village in Davenport, Florida, near the Central Florida Theme parks and attractions. The team of Ford Motor Company’s volunteer project included painting the main entrance wall and the…
Read More Local Ford Motor Credit Company Orlando Community Project At Local Dream Village
Nissan Formula E Team took their best result of the season in Jakarta, with Sacha Fenestraz and Norman Nato both putting in excellent performances to take fourth and fifth respectively in Round 11 of the 2022/23 ABB FIA Formula E World Championship. After a tough first…
Read More Nissan Formula E Team Takes Double Top 5 Finish In Jakarta
Tesla CEO Elon Musk met with China’s Foreign Minister Qin Gang in Beijing to discuss expanding the company’s business there amid the country’s rapid expansion of electric vehicle exports, according to multiple reports. Qin touted a “Chinese-style modernization” of the automotive industry driven by the…
Read More Tesla CEO Elon Musk Meets With Chinese Foreign Minister As China’s EV Dominance Continues