The EV startup burned through $800 million by the middle of 2018 and was seeking an installment of $700 million from Evergrande as operating cash for the remainder of the year, which was expected to see the start of production for the FF 91. Evergrande allegedly refused to provide the $700 million, which triggered the arbitration that is being conducted in Hong Kong.....
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First Place in 2020 J.D. Power
Dodge, Kia Take First Place in 2020 J.D. Power Quality Study
For the first time ever, domestic automakers took the top—and bottom—position in the J.D. Power Initial Quality Study (IQS). The top honor belongs to Dodge, which tied with Kia for first place, while the bottom rung, such as it is, was filled by Tesla. There was more good news from the Fiat Chrysler stable, as FCA's overall performance was better than the industry average for first time in its history, moving up seven places since last year. Ram also moved way, way up, coming in third after being buried down at 21 last year. The IQS attempts to measure the quality of new vehicles, calculating the number of problems reported per 100 vehicles in the first 90 days of ownership, what J.D. Power calls PP100. The lower the PP100 number, the higher that model's or brand's quality....
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How does this actually work? In short, a small electric car not much bigger than a rat was built from some aluminum ...
McLaren Special Operations has cooked up more special editions of the 720S. The automaker announced it has delivered the first 720S vehicles to wear the Track Theme and Pacific Theme designations.
