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Yesterday โ€” December 10th 2019Related Blogs

All 10 F1 teams vote to stick with existing Pirelli tires for 2020

By Reuters

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Teams were testing a mixture of the 2019 and 2020 specification tyres in post-season testing and Pirelli said last week that they had received mixed results from teams and their drivers. A vote required at least 70% of teams to agree to continue using the current compounds for the next season. "The vote resulted in a unanimous decision to keep the 2019 specification tyres for the 2020 season by the Formula One teams," the FIA said in a statement.

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All 10 F1 teams vote to stick with existing Pirelli tires for 2020 originally appeared on Autoblog on Tue, 10 Dec 2019 10:20:00 EST. Please see our terms for use of feeds.

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GM loans $40 million to Lordstown Motors to buy, retool shuttered factory

By Reuters

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General Motors Co confirmed on Monday it agreed to loan $40 million to an electric vehicle start-up to facilitate the acquisition of its shuttered Lordstown Assembly plant in Ohio. Lordstown Motors Corp, which is 10% owned by Workhorse Group Inc , bought the plant and equipment for $20 million in November as part of its ambitious plan to begin building electric pickup trucks by the end of 2020. The loan agreement, which was reported earlier Monday by the Business Journal in Youn

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GM loans $40 million to Lordstown Motors to buy, retool shuttered factory originally appeared on Autoblog on Tue, 10 Dec 2019 09:19:00 EST. Please see our terms for use of feeds.

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New vehicle sales in China fall for 17th straight month

By Reuters

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BEIJING/SHANGHAI (Reuters) - Auto sales in China fell for a 17th consecutive month in November, with the number of new energy vehicles (NEVs) sold contracting for a fifth month in a row, data from its biggest auto industry association showed on Tuesday. Total auto sales in the world's biggest auto market fell 3.6% from the same month a year earlier, the China Association of Automobile Manufacturers (CAAM) said. Car sales in the country contracted last year for the first time since the 1990s ag

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New vehicle sales in China fall for 17th straight month originally appeared on Autoblog on Tue, 10 Dec 2019 08:50:00 EST. Please see our terms for use of feeds.

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Honda CEO Hachigo seizes the wheel as quality crisis hits profits

By Reuters

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At a two-day gathering for Honda's suppliers in March, Chief Executive Takahiro Hachigo sounded the alarm. At the Hotel Higashinihon in Utsunomiya, Hachigo told them the Japanese automaker was facing a crisis after a string of costly recalls and other quality blunders and it needed to plot a new course, according to two people who attended the meeting. Since then, Hachigo has been quietly working on reforms to centralise decision-making by bringing Honda's standalone research & development (R&

Continue reading Honda CEO Hachigo seizes the wheel as quality crisis hits profits

Honda CEO Hachigo seizes the wheel as quality crisis hits profits originally appeared on Autoblog on Tue, 10 Dec 2019 07:30:00 EST. Please see our terms for use of feeds.

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  • December 10th 2019 at 12:30
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