Lordstown Motors files for bankruptcy, seeks buyer | Ford to begin next round of salaried cuts | U.S. consumer interest in EVs gains | Forecast warns of ‘ICE melting’ | Chevy’s electric Silverado
Lordstown filed for bankruptcy with plans to seek a buyer. It does not have an initial offer in hand, known in bankruptcy parlance as a stalking-horse bidder, which sets a minimum price other suitors can top in an auction.
Software safety expert Dan O’Dowd has some words about Tesla’s automated driving technology. The giants grow larger in Automotive News’ annual rank of global auto suppliers. And General Motors raises the starting price of the Chevy Silverado EV.