Watch now: Illinois Rivian electric trucks arrive before Detroit 3 s models herald-review.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from herald-review.com Daily Mail and Mail on Sunday newspapers.
Startup Lordstown Motors Corp said Wednesday it is in advanced talks with the U.S. Energy Department seeking a government loan from a program to help pay for the costs of retooling a factory to build electric trucks.
Motoring: Lordstown Motors in advanced talks for U S retooling loan for EV truck factory gdnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gdnonline.com Daily Mail and Mail on Sunday newspapers.
Trump threw a lot of weight behind the somewhat quizzical Lordstown Motors, which facelifted an electric Silverado and got a GM factory for its trouble. Now the startup needs more federal money. All that and more in The Morning Shift for January 13, 2020.
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Already a favored project of the Trump Admin, Lordstown Motors needs money, as Reuters reports:
Startup Lordstown Motors Corp. said Wednesday it is in advanced talks with the U.S. Energy Department seeking a government loan from a program to help pay for the costs of retooling a factory to build electric trucks.
Lordstown CEO Steve Burns in January 2020 told Reuters the company was pursuing a $200 million loan from the program for a former General Motors factory in northeast Ohio it acquired in 2019.