Production to begin there in 2022 when a 564,000-square-foot addition to the Chattanooga body shop is complete.
The new plant will build batteries, powertrains and vehicles, starting with Model Y.
$4 billion revenue target pushed back to 2021 after several auto companies pushed back vehicle programs.
Expects total sales this year of between $38.7 billion and $39.8 billion.
Automaker is unveiling an electric SUV that is inspired by the Mustang performance car.
Lordstown Motors plans to start with hiring 400 production workers.
Promising financial controls in place to stop the bribery and embezzlement.
Will create the world’s fourth-largest auto company worth $50 billion.
Would create the world’s fourth-largest automaker with a combined market value of around US$50 billion.
Agreement likely will mirror the pact approved by GM workers after a 40-day strike.
Agreements provide for improved severance packages for employees compared with the legislated minimum requirements.
Multi-year deal covers all front-wheel drive, dual-clutch, hybrid variants.
Not specifying whether the goal is a full merger or a looser alliance.
They want one national program with achievable standards to reduce greenhouse gas emissions.
EY report says rapid adoption could also cause an 11% spike in Canadian electricity demand.