Enlarge / In June 2020, Lordstown held an hour-long election rally for the Trump campaign disguised as an event to unveil the Endurance electric pickup truck. (credit: Matthew Hatcher/Bloomberg via Getty Images) On Wednesday, we wrote about how Lordstown Motors stated that the company’s Endurance electric pickup truck would enter limited production later this year. […]
Enlarge / Lordstown Motors’ factory in Lordstown, Ohio. It’s been a tough time recently for Lordstown Motors. The Ohio-based electric truck startup was accused of misleading investors about the extent of its order books, which led to an investigation by the US Securities and Exchange Commission; this in turn led the company to issue a […]
Enlarge / Lordstown Motors says it will begin limited production of the Endurance EV truck later in 2021. (credit: Lordstown Motors) Life just isn’t getting any easier for Lordstown Motors. Last week, the startup issued a “going concern” warning, telling investors that it might not be able to start production of its electric work truck […]
Enlarge / This is a rendering of the Lordstown Motors Endurance, which may never be built. (credit: Lordstown Motors) Electric vehicle startup Lordstown Motors said Tuesday it does not have enough money to start commercial production and runs the risk of failing as a business, sending its stock tumbling. The company on Tuesday amended its […]
Enlarge (credit: Aurich Lawson / Getty Images) The short-selling firm Hindenburg Research has published a new report alleging that startup electric truckmaker Lordstown Motors has been exaggerating customer demand to aid in fundraising. CEO Steve Burns has claimed that Lordstown already has more than 100,000 pre-orders—enough to keep its Ohio factory busy for more than […]