Former Lordstown Motors CEO Shows His Faith in Endurance
Steve Burns acquires the bankrupt company’s assets for $10 million and told Autoweek he’s still committed to producing Endurance trucks. Observers are skeptical.
Source: yahoo.com
E Squared Energy News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from E Squared Energy. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In E Squared Energy Today - Breaking & Trending Today
Lordstown reports $90 million loss and no progress on Foxconn deal – TechCrunch
Lordstown Motors said in a filing with the SEC that it has not yet closed a $230 million deal with Foxconn ahead of a May 14 deadline that would allow it to remain a going concern.
Source: techcrunch.com
Hype, hope and money: Your guide to all the EV SPAC investigations going on – TechCrunch
If 2020 and 2021 were the years of the SPAC, 2022 is shaping up to be the year of the reprimand.
Source: techcrunch.com
HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Investigating Lordstown Motors Corp. (RIDE) For Possible Securities Fraud, Investors with Losses Encouraged to Contact Its Attorneys Now
/PRNewswire/ -- Hagens Berman urges Lordstown Motors Corp. (NASDAQ: RIDE) investors with significant losses to submit your losses now. The firm is...
Source: prnewswire.com
(RIDE), General Motors Company (NYSE:GM) - News Analysis: Nikola tormentor Hindenburg Research Opens Fire On Lordstown Motors
LMC is a "mirage" that paid outside consultants to pad the order numbers to increase investor confidence. Founder Steve Burns used unethical and deceptive business practices and untested components to make the electric commercial pickup truck called Endurance. And the report raises questions about how much technology the company has, just as Hindenburg did at Nikola. It cites specifics of a lawsuit alleging LMC stole at least some intellectual property and poached employees from another startup electric vehicle (EV) maker. ‘Half-truths and lies' Burns told The Wall Street Journal the Hind...
Source: benzinga.com