zzdcar
Home
/
Reviews
/
Culture
/
Trump's Favorite Car Startup Needs More Money
Trump's Favorite Car Startup Needs More Money-December 2024
2024-02-19 EST 22:12:30

Image for article titled Trump's Favorite Car Startup Needs More Money

Trump threw a lot of weight behind the somewhat quizzical , which facelifted an electric Silverado and got a GM factory for its trouble. Now the startup needs more federal money. All that and more in for January 13, 2020.

Already a favored project of the Trump Admin, Lordstown Motors needs money, as reports:

Startup Lordstown Motors Corp. said Wednesday it is in advanced talks with the U.S. Energy Department seeking a government loan from a program to help pay for the costs of retooling a factory to build electric trucks.

Lordstown CEO Steve Burns in January 2020 told Reuters the company was pursuing a $200 million loan from the program for a former General Motors factory in northeast Ohio it acquired in 2019.

Burns said the loan would help “us make more (vehicles) once we start” and “pull future vehicles forward a little bit.” The company’s production plan does not require the government loan, but Burns said the loan “puts things on steroids.”

The idea of Lordstown Motors — America is getting back to manufacturing, and we’re doing electric pickups! — is probably too strong to die even with a change in administrations. . I don’t think the Trump association will be a scarlet letter for Lordstown, but we’ll see.

2nd Gear: Mahindra Halves Its U.S. Workforce

Are you happy, FCA? You could have helped America’s love for Jeeps, but noooooooooooooooo. You have repeatedly fought Mahindra in court, and now it’s cutting its American workforce in half, as reports:

Indian automaker Mahindra & Mahindra Ltd has cut more than half of the workforce at its North American unit, two sources familiar with the matter told Reuters, due to the COVID-19 pandemic and an ongoing legal tussle.

[...]

MANA said in a statement it had furloughed some staff and laid off others due to the pandemic and an International Trade Commission lawsuit which led to an August “cease and desist” order for the Roxor business. It did not provide figures.

Mahindra and Fiat Chrysler Automobiles (FCA) are in a protracted legal battle over an intellectual property infringement case which has prevented the Indian automaker from selling its Roxor vehicle in the United States.

“This forced us to halt production and furlough our manufacturing team and some additional people across several functions, including the Roxor sales team,” the company said.

This accounts for hundreds of layoffs, which is a total bummer.

3rd Gear: Geely Will Work With Foxconn Because Why Not, Who Else Is Out There?

Geely’s singular quest to own or work with every company on Earth (call us, Geely!) now includes Taiwan’s Foxconn. , but never have had such an established auto manufacturing partner named like this. explains:

Taiwan’s Foxconn and Chinese automaker Zhejiang Geely Holding Group said Wednesday they will cooperate to provide contract manufacturing for automakers.It marks the latest move by Foxconn, a major Apple supplier, into auto production after to help build its M-Byte utility vehicle, and comes amid reports that Apple is l.For Geely, the partnership will allow it to share its first EV-focused platform, launched in September, with other automakers, according to people familiar with Geely’s plan.

The companies will each hold 50 percent of a venture that will also provide consulting services on electric vehicle technologies to automakers, the companies said in .

The Foxconn to Geely to Apple connection is interesting, but who knows in what ways it will manifest.

4th Gear: Honda UK Halts Production Again Again

We knew a global chip shortage was threatening to halt car production and well, here we are, as reports:

Honda said it would halt output at its British factory from Monday to Thursday next week due to COVID-19 related global supply chain issues, the latest production suspension in recent weeks.

“The situation is currently being monitored with a view to re-start production on Friday 22 January,” the company said.

Honda also at the Civic plant as some major container ports, such as Felixstowe, struggled to cope with disruption caused by COVID-19, pre-Brexit stockpiling and Christmas.

Honda has shut down in the UK a few times over COVID and Brexit-related supply issues. I can’t imagine what it’s like working there.

5th Gear: Renaulution Is Coming

Automotive News has a big article today “,” and it details what’s next for the company that had chased volume over everything under Carlos Ghosn. It’s a nice read, but it is imperative that I share this excellent corporate branding-speak:

, which he calls Renaulution, will replace Drive the Future, the last midterm plan from longtime CEO Carlos Ghosn, who stepped down following his arrest in Japan in November 2018 on charges of financial wrongdoing at alliance partner Nissan.

“Renaulution will replace Drive the Future” is such a goodcollection of nonsense words that I can expect nothing but success for Renault to come.

Reverse: We Don’t Talk About The Dangers Of Cigars While Driving

On January 13, 1962, Ernie Kovacs, a comedian who hosted his own television shows during the 1950s…

Neutral: What Dead Eco Program Deserved Better?

The graveyard of federally-backed eco startups is sizable, but I have to say that I still feel for the Chevy Volt. It got tied up in Obama’s half-hearted attempt to remake bailout GM into a green company, hated for it, and I wish that it’d been supported better.

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Culture
Toyota Is Moving A Prewar 700-Ton Press Machine Halfway Around The World
Toyota Is Moving A Prewar 700-Ton Press Machine Halfway Around The World
closed its São Bernardo Plant in November 2023, marking the end of its first overseas production facility. The closure caps off a period of continuous car production in São Paolo, , lasting over 60 years. The plant was home to a Komatsu 700-ton press that predates itself. And now...
Dec 3, 2025
I Can't Get Enough Of This YouTuber Who Builds Tiny, Fully Functional Scale-Model Cars
I Can't Get Enough Of This YouTuber Who Builds Tiny, Fully Functional Scale-Model Cars
I love tiny, of . I have a that is roughly half the size of a normal cat, and she’s perfect. I own a 2013 , which is like the miniature version of a normal-sized vehicle (at least here in Texas) — but beyond that, I also own a Hot...
Dec 3, 2025
I Entered My Lifted Miata In A Real Off-Road Race, Here's What Happened
I Entered My Lifted Miata In A Real Off-Road Race, Here's What Happened
I have two automotive loves: The first is the Miata, the second is off-road racing. For a while I raced air-cooled Volkswagens in the deserts of California and Nevada and I was lucky enough to co-drive in a class 11 stock bug in the Baja 1000 a few years...
Dec 3, 2025
Subaru Had It Right All Along
Subaru Had It Right All Along
When first came to the United States, it sold small funky cars that were decidedly un-American. As the company grew its own identity and became more established in the U.S., it became the first automaker to offer an all-wheel-drive passenger car in 1975. Subaru was also an early-adopter of...
Dec 3, 2025
Watch ABS Fail When MotorWeek Tests A 1997 Chevy S-10
Watch ABS Fail When MotorWeek Tests A 1997 Chevy S-10
MotorWeek’s is some of the on the internet. The long-running automotive news magazine has a treasure trove of tests after being on the air for over 40 years. Where else can you find detailed instrumented testing of long-forgotten cars like the or a ? MotorWeek’s recent Retro Review upload is...
Dec 3, 2025
2024 Kia EV9: What Do You Want To Know?
2024 Kia EV9: What Do You Want To Know?
At long last, we are about to get behind the wheel of for the first time. Sure, , and sure, , and sure , but hey — what can you do? Anyway, before we get behind the wheel of this three-row electric beast, we want to know what you...
Dec 3, 2025
Copyright 2023-2025 - www.zzdcar.com All Rights Reserved