Mar 12, 2021 12:20 EST
Forensic financial research firm Hindenburg Research is out with a damning report about electric vehicle manufacturer Lordstown Motors. Lordstown offered its shares on the public market via a merger with blank-check special purpose acquisition (SPAC) firm DiamondPeak last year and the company was brought to the front of press attention over an expected order from the United States Postal Service - which it ultimately failed to win.
Show Details
In its report, Hindenburg alleges that Lordstown s reported pre-orders for its electric truck are fabricated and come from a company that does not operate a truck fleet. This claim is a part of others that state that Lordstown chief Mr. Steve Burns purportedly paid consultants for every pre-order that his company managed to secure.
Share this article
Share this article
CINCINNATI, March 2, 2021 /PRNewswire/ Mike Albert Fleet Solutions, one of the nation s top leaders in fleet electrification and electric vehicle (EV) fleet management, just released a case study about Columbus Yellow Cab s evolution from internal combustion engine (ICE) vehicles to EVs and hybrids.
(PRNewsfoto/Mike Albert Fleet Solutions)
The study s release celebrates the three-year anniversary of the business relationship between Columbus Yellow Cab and Mike Albert Fleet Solutions. In March of 2018, Morgan Kauffman, CEO and owner of Columbus Yellow Cab, decided it was time to do what s right for the planet and move away from ICE vehicles. Knowing that the shift to fleet electrification would be a job too big and specialized for anyone at his company, Kauffman contacted the EV experts at Mike Albert Fleet Solutions for help.
Jan 12, 2021
LORDSTOWN Lordstown Motors Corp. has surpassed a milestone 100,000 preorders from commercial fleets for its battery-powered Endurance pickup truck, with an average size of nearly 600 vehicles per order.
Monday’s announcement comes on the heels of news last week that Mike Albert Fleet Solutions, a Cincinnati-based national fleet management company, reserved a “significant quantity” of the truck on behalf of the company’s clients.
Also, it was announced in late December that Texas-based E Squared Energy Advisors, a tech company that specializes in the development of green energy resources, signed a letter of intent to buy 14,000 Endurances over the next three years.