Things just keep getting worse for Lordstown Motors. Just a few weeks ago, the company announced that it was in dire straits and needed money to continue development and production of its Endurance electric pickup truck. Deeper trouble came on Monday, when Lordstown’s CEO and CFO both resigned. The exits come in the midst of… Continue reading Lordstown Motors In More Trouble As CEO and CFO Step Down
April 18, 2024 at 17:08:29
April 18, 2024 at 15:56:20
April 18, 2024 at 10:58:16
April 18, 2024 at 10:00:31
April 16, 2024 at 12:14:30
April 16, 2024 at 11:38:27
Lordstown Motors, despite all the fanfare last year and a nice-looking prototype pickup truck, is in trouble. According to The Detroit Free Press, the automaker, which moved into General Motors’ Lordstown Assembly plant, lost $125 million in the first quarter of this year and will need outside investment to stay in business. The company’s… Continue reading Lordstown Motors Is In Trouble But General Motors Isn’t Dumping Its Stake In The Company
