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The Securities and Exchange Commission today charged Lordstown Motors Corp. with misleading investors about the sales prospects of Lordstown's flagship electric pickup truck, the Endurance....
The company exaggerated demand, claiming 100,000 pre-orders for the truck, and misrepresented the timeline for delivering the Endurance, SEC said.
Officials are determining the location of necessary infrastructure such as water, sewer and gas service lines on the more than 46 acres.