Startup Lordstown Motors says production still on track
John Seewer
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FILE - This Thursday, June 25, 2020, file photo shows the electric Endurance pickup at Lordstown Motors Corp., in Lordstown, Ohio. Startup electric truck maker Lordstown Motors says its still on track to begin production this fall despite a bumpy past week. Company executives in Ohio said Tuesday, June 15, 2021, that they have enough orders and cash on hand to keep operating through next May. (AP Photo/Tony Dejak, File) (Copyright 2020 The Associated Press. All rights reserved.)
TOLEDO, Ohio – Startup electric truck maker Lordstown Motors said Tuesday that it s still on track to begin production this fall despite a management shakeup this week and a warning just days earlier that it may not be in business a year from now.
Lordstown Motors says production still on track
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Startup Lordstown Motors says production still on track - Wilmington News Journal
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Lordstown Motors’ CEO, CFO resign in latest setback for electric startup
Company likely going to court amid fraud allegations
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Lordstown Motors CEO, CFO resign in latest setback for electric startup
The company attracted about $600 million in investments to allow it to go public last fall. However, CEO Steve Burns and Chief Financial Officer Julio Rodriguez stepped down after admitting one of the companies committed to buy a sizable number of the first trucks does not have the money to do so.
Lordstown Motors is now likely headed to court amid allegations of fraud.
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FILE - In this June 25, 2020 file photo, the electric Endurance pick-up truck at Lordstown Motors Corporation is shown, in Lordstown, Ohio. Lordstown Motors CEO Steve Burns and Chief Financial Officer Julio Rodriguez have resigned from the startup commercial electric vehicle maker. The announcement comes less than a week after Lordstown cautioned that it may not be in business a year from now as it
Leaders of embattled startup Lordstown Motors step down
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