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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Vehicles Coming 20..
Automakers around the world are holding their breath as they prepare new vehicles for debuts over the next 12 months.
Between now and next September, a handful of cars, SUVs and at least one pickup will have an outsize impact on their manufacturers and the safety, value and features available to customers.
The first Encore helped launch the subcompact luxury SUV revolution when it debuted in 2012. The Encore is still among the smallest luxury SUVs on the market, so hopes are high for the larger GX when sales begin early in 2021....
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According to the most recent data from Automotive News, Kia has sold 34,160 Tellurides through August 2019, with 6374 of them leaving....
Arrival was founded in 2015 and has 800 employees, but until now has been in “stealth mode,” revealing little about its business model or plans. But this deal is a sign it has been doing something right, says Michael Harley...