United States

Ben Klayman

Loss of college football hurts fans, businesses in Ann Arbor, Michigan

Aug 12 2020

ANN ARBOR, Mich. Football at the University of Michigan isn't just a sport. It's a way of life and even a lifeline.

Electric carmakers seek out blank-check firms for funding as virus spooks private markets

Aug 12 2020

Electric commercial truck maker Nikola Corp of Phoenix, Arizona, tried unsuccessfully to raise $1 billion in the private markets and only turned to a merger with a so-called blank-check company to go public as a way to raise the needed funds, its chief financial officer said.

Polestar would like public listing eventually but focus now on electric sedan launch: CEO

Aug 11 2020

DETROIT Polestar, the premium electric vehicle maker owned China's Geely and Volvo Cars, would like to eventually be publicly listed, but the immediate focus is on successfully launching the new Polestar 2 electric sedan, the startup's chief executive said on Tuesday.

Lucid says its new electric sedan is first EV with 500-mile range

Aug 11 2020

Electric vehicle startup Lucid Motors, which aims to begin selling its first luxury model, the Lucid Air, in early 2021, said on Tuesday that the new sedan is the first to achieve a 500-mile driving range.

UPDATE 2-Fisker has tentative deal for Magna to build its electric SUV in Austria

Aug 07 2020

DETROIT, Aug 7 Electric carmaker Fisker Inc, which recently announced plans to go public through a merger with a so-called blank-check company, said on Friday it has a tentative deal for Canadian auto supplier Magna International Inc to build its Ocean electric SUV.

Fisker SPAC shares fall 20% after electric carmaker reports delays in VW deal

Jul 31 2020

Shares of the so-called blank-check company merging with electric carmaker Fisker fell 20% on Friday after it disclosed it would not close a deal by the end of July to use Volkswagen AG's electric-vehicle platform for its vehicles.

Ford will defer some quarterly payments on U.S. Energy Department loan

Jul 31 2020

Ford Motor Co said on Friday it had won approval to defer some quarterly payments due on its U.S. Energy Department retooling loan, but added it will repay the loan on time by June 2022.

Ford posts profit, but expects full-year 2020 loss

Jul 30 2020

Ford Motor Co on Thursday said it expects a full-year loss but added it should have ample cash on hand throughout the rest of 2020, even if global demand falls further or the COVID-19 pandemic forces more shutdowns of vehicle assembly plants.

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