22 Articles
Dec 10, 2019 Motorsports
All 10 F1 teams vote to stick with existing Pirelli tires for 2020

'The lessons learnt will be invaluable for the further improvement of the tires in the future'

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.

Reuters
Dec 10, 2019 Official
GM loans $40 million to Lordstown Motors to buy, retool shuttered factory

Deal includes the option for GM to buy back the facility

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

Reuters
Dec 10, 2019 Report
New vehicle sales in China fall for 17th straight month

Total vehicle sales in the world's biggest auto market fell 3.6% from the previous year

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

Reuters
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