Lordstown indicates Foxconn may be backing out of deal

Lordstown EnduranceLordstown Motors on Monday warned that Taiwan's Foxconn may be looking to back out of a crucial funding deal that would keep the electric truck maker running—and that it might go bankrupt if the issue isn't resolved. In a regulatory filing first reported by CNBC, Lordstown said it received a letter from Foxconn on April 21 alleging that the...

2023 Honda Accord Hybrid achieves Top Safety Pick+ distinction

2023 Honda Accord HybridThe 2023 Honda Accord lineup—including the Accord Hybrid—has achieved top crash-test results from the Insurance Institute for Highway Safety (IIHS), the agency revealed on Friday. Improved side-impact protection, part of the redesign the Accord lineup received for 2023, is partly to credit for the top showing. It now achieves a...

Daimler plans $650M US charging and hydrogen network for big rigs

Rendering of proposed Daimler Trucks Greenlane charging and hydrogen fueling site.Daimler Truck North America announced a $650 million joint venture to develop charging and hydrogen-fueling infrastructure for medium-duty and heavy-duty commercial trucks. Called Greenlane, the joint venture was started in 2022 by Daimler, utility NextEra Energy Resources, and investment firm BlackRock Alternatives. It plans to add charging...

Saab braintrust created Emily GT electric car, now mothballed

NEVS Emily GT prototype - Photo credit: Plint/ProteanAn electric sedan prototype developed by failed Saab savior NEVS has surfaced in the wake of the company's shutdown. NEVS bought the remains of Saab after the Swedish automaker went bankrupt in 2011. It once planned to launch a series of four electric vehicles for China, all built on the Phoenix platform that was going to underpin the...

Volvo EX90 electric SUV already sold out for its first year

2024 Volvo EX90The 2024 Volvo EX90 is still a few months away from the start of deliveries, but the electric SUV is already sold out for its first year of production. Volvo confirmed this in a press release detailing its first-quarter 2023 financial results, although it didn't disclose how many vehicles would be built in the first-year production run, only...