lordstown motors

Lordstown Motors has delayed the launch of its Endurance pickup to the third quarter of 2022 citing supply chain issues.

Lordstown Motors confirmed earlier reporting Thursday that it plans to sell its Ohio factory to Foxconn.

Startup automaker Lordstown Motors is reportedly in talks with Foxconn about the sale of its Ohio factory. The two companies would build products at the former General Motors plant.

Electric-truck startup Lordstown Motors Corp. confirmed the Justice Department is probing its business, investigating matters related to its reverse merger deal last year and preorders for its forthcoming pickup truck, the Endurance.

Lordstown Motors, which recently warned it does not have enough cash to start commercial production and raised doubts about its ability to remain in business through the end of the year, has now revealed it does not have binding purchase orders or commitments from customers on its electric Endurance pickup truck.

Lordstown Motors CEO Steve Burns has resigned, along with CFO Julio Rodriguez as the startup automaker faces financial issues.

Electric-truck startup Lordstown Motors Corp. disclosed in a new regulatory filing Tuesday that it doesn’t have sufficient cash to start commercial production and has doubts about whether it can continue as a going concern through the end of the year.

When the Ford F-150 Lightning goes on sale next year, these are some of the other electric trucks it could be competing against.