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Lordstown Needs More Money, Halves Production of Endurance e-Truck


Lordstown Needs More Money, Halves Production of Endurance e-Truck
26 May 2021, 4:31 UTC ·
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7 photos
On an investor call on Monday, May 24, Lordstown CEO Steve Burns said that this was a good news-bad news type of scenario, the NY Times reports. The bad news is, obviously, that the startup needs more money to make the 2,200-unit estimate by the end of the year. The good news is that, even if Lordstown fails to secure more funds, it will still bring the Endurance to market this September and, in the process, be the first company to mass-produce an electric pickup truck.
The initial goal was to deliver 2,200 Endurance trucks by the end of 2021, starting in September, with a long-term goal of upping production from one truck every six minutes to one truck every four minutes via automation. In the first quarter of 2021, Lordstown reports losses of $125 million, which, together with the lingering effects of the international health crisis and ....

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First Two Lordstown Endurance Beta Trucks Roll Off the Production Line


autoevolution
1 Apr 2021, 4:54 UTC ·
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Lordstown has had a rough start for the year, but it’s still confident in its ability to take its first all-electric truck, Endurance, into mass production this September. The video below is meant to get investors feeling as confident, too.
6 photos
Lordstown Motors officially introduced Endurance last summer, and immediately started taking pre-orders for it. Billed as the toughest and most reliable pickup, Endurance aims to be the first-to-market electric pickup in the world.
Just last month, short-seller Hindenburg Research published a very damning report about how Lordstown CEO Steve Burns built the Endurance “mirage” on a heap of lies, non-binding Letters of Intent (LOIs) disguised as firm orders, and misleading information. Now under investigation by the Securities Exchange Commission (SEC) and conducting its own separate review, Lordstown maintains innocence. ....

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Lordstown Motors Endurance Beta trucks revealed

Lordstown Motors Endurance Beta trucks revealed
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