Will the Lordstown Motors Debacle Affect Electric Vehicle ETFs? June 14, 2021
In the latest bout of trouble for Lordstown Motors, the electric car company that operates out of a former GM plant, the company said Monday that CEO Steve Burns and CFO Julio Rodriguez have stepped down from their posts. Lordstown is actively seeking permanent replacements.
The resignations arrive amid an ongoing internal investigation of the company’s operations into claims by short-seller Hindenburg Research that it deceived investors. The Securities and Exchange Commission has plans to examine Hindenburg’s claims as well as the company’s merger with SPAC DiamondPeak Holdings.
Lordstown Motors top two execs quit amid evidence of trouble
latimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from latimes.com Daily Mail and Mail on Sunday newspapers.
Lordstown Motors Shares Soar After New Chairwoman Says Production Plans Remain on Track
nbcconnecticut.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcconnecticut.com Daily Mail and Mail on Sunday newspapers.
Lordstown Motors stock jumps on new forecast for 11 months of cash on hand
crainscleveland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainscleveland.com Daily Mail and Mail on Sunday newspapers.
Lordstown Motors CEO and CFO resign, stock tumbles
autoblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoblog.com Daily Mail and Mail on Sunday newspapers.