Lordstown Motors continues executive shakeup, working toward Endurance production

Lordstown Motors announced today it promoted several of its executives, continuing to mix up its front office in preparation for the production of the Endurance all-electric pickup. Daniel Ninivaggi, who assumed the role of CEO after Steve Burns was ...

Electric Vehicle Startup Lordstown Motors Names New CEO Following Foxconn Deal

Lordstown’s new CEO, Edward Hightower, is a veteran auto engineer who was most recently the company’s president. Outgoing CEO Daniel Ninivaggi becomes Lordstown’s executive chairman, focused on corporate strategy. Electric vehicle startup Lordstown Motors said Tuesday that its president, ...

Foxconn marches into global EV market with Lordstown, Fisker

Hon Hai Technology Group (Foxconn) has taken another significant step into the electric vehicle (EV) market by signing a contract manufacturing agreement and a joint venture agreement with Lordstown Motors (LMC). After the two parties entered into an asset ...

Fisker Pear to be built in former Lordstown and General Motors plant

UPDATE, May 13: Fisker Pear production plans confirmed Fisker has announced production of its Pear electric vehicle will be in Lordstown, Ohio, after the manufacturer and Foxconn acquired a former General Motors plant. In a joint announcement, Fisker and Foxconn ...

Lordstown Sells Plant to Foxconn, Just in Time

The Endurance clears a major hurdle, but Foxconn is not staking everything on the pickup truck.

Lordstown Motors and Foxconn finalize sale of manufacturing facility

Lordstown Motors announced last night it has closed the sale of its manufacturing facility in Ohio to Foxconn after the two companies signed a contract manufacturing agreement and joint venture agreement for product development. After several years of delays ...

Midday Stock Movers: Beyond Meat, Lordstown Motors, Unity

© Provided by uk.investing.com By Sam Boughedda Investing.com — U.S. equities are marching lower once again Thursday, with the Dow down more than 1%. Here are your midday movers on May 12th. Rivian Automotive (NASDAQ:RIVN) is up 17%. Shares have ...

Lordstown Motors Stock Jumps Following Foxconn News

© Provided by uk.investing.com By Sam Boughedda Investing.com — Lordstown Motors (NASDAQ:RIDE) stock rallied in early Thursday trading following news it has completed a deal to sell some assets to Foxconn. Shares of struggling EV maker Lordstown opened Thursday’s session ...

Foxconn to build Fisker PEAR EV at former Lordstown Motors plant in Ohio

Fisker Inc. and Foxconn said Thursday they will partner to build Fisker’s second all-electric model, the PEAR Urban Lifestyle EV, in Ohio now that Foxconn has purchased the former Lordstown Motors plant. Production of the PEAR, an acronym for ...

Lordstown Motors shares surge after it sells assets to Foxconn

© Reuters/REBECCA COOK A Lordstown Motors sign is seen outside the Lordstown Assembly Plant (Reuters) – Shares of Lordstown Motors shares surged over 23% in trading before the bell on Thursday after the electric vehicle startup said it had ...

Lordstown Motors and Foxconn close asset purchase agreement; to form JV for EV development

Lordstown Motors (LMC), a maker of electric light duty trucks focused on the commercial fleet market, has announced that it has closed the sale of its Lordstown facility and signed a contract manufacturing agreement and joint venture agreement for ...

EV company Lordstown completes $230 million sale of its Ohio factory to Foxconn

Struggling EV company Lordstown completed the sale of its Ohio factory to Foxconn, the Taiwanese company that assembles Apple’s iPhone. The factory, which sold for $230 million, will now become the site of a joint venture between the two ...

Lordstown Motors closes $230 million deal to sell its Ohio factory to Foxconn, injecting needed cash days before deadline

Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors' assembly plant in Ohio.Michael Wayland / CNBC Embattled electric vehicle start-up Lordstown Motors said Wednesday it has ...

Trumpstödda elbilsstartupen Lordstown Motors riskerar konkurs

Startupen Lordstown Motors och dess elpickup Endurance prisades av president Donald Trump utanför Vita huset. Nu, strax två år senare, har företaget fortfarande inte levererat några bilar. Ungefär 2 miljarder kronor – så mycket pengar hade Lordstown Motors kvar ...

Lordstown Needs More Cash to Build EV Pickup

Crucial deal with Foxconn that could make or break the Endurance looms, but deeper questions about the pickup remain.

Lordstown delays plant sale to Foxconn, needs $150m in capital for production

Lordstown Motors (NASDAQ: RIDE) announced on Monday it would delay the sale of its Ohio manufacturing plant to Foxconn by four days. The company also stated it would need an additional $150 million in capital to begin boosting production ...

Lordstown Motors Sinks on Delay in Finalizing Foxconn Plant Deal

(Bloomberg) — Electric truck startup Lordstown Motors Corp.’s shares sank as much as 19% after it pushed back a deadline to complete the sale of its Ohio assembly plant to Taiwan’s Hon Hai Precision Industry Co Ltd., also known as ...

Lordstown's future is at stake as it burns through cash and faces a crucial deal deadline next week

The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020.Matthew Hatcher | Bloomberg | Getty Images Struggling electric vehicle start-up Lordstown Motors said that it's ...

Lordstown reports $90 million loss and no progress on Foxconn deal

Lordstown Motors, the long-suffering battery-electric truck maker, said in a filing with the U.S. Securities and Exchange Commission on Monday that it has not yet closed a $230 million deal with Foxconn ahead of a May 14 deadline that ...

Foxconn Finalizes $50 Million Stock Deal With Lordstown Motors

Foxconn acquired the shares at $6.8983 apiece, Lordstown said. Lordstown Motors Corp said on Wednesday that Taiwan’s Foxconn has bought stock worth $50 million from the U.S. electric vehicle maker, finalizing an equity investment announced in September. Foxconn acquired ...

Rivian DELAYS Production AGAIN – Rivian R1T vs. Lordstown Endurance – $70B vs. $1.5B

Rivian delays provide of their R1T pickup truck and R1S SUV from July to September. With Lordstown Motors commencing manufacturing in September as effectively, how do these two corporations and solutions assessment? SUBSCRIBE for a lot a lot more ...

Lordstown Motors and its post-SPAC peers keep losing executives

The past month has been a rough one for some of the electric vehicle startups that went public by merging with special purpose acquisition companies, or SPACs. Lordstown Motors, Canoo and Electric Last Mile Solutions all have seen key ...

GM Dumps Lordstown Motors Stock as Electric Truck Startup Bleeds Cash

Lordstown It’s not news that Lordstown Motors is in big financial trouble. After Lordstown posted a fresh raft of losses on Monday, though, General Motors confirmed that it has sold $7.5 million worth of shares it held in the ...

General Motors no longer invests in Lordstown Motors

General Motors is no longer investing in Lordstown Motors as the Ohio-based electric vehicle startup continues to struggle to keep its doors open. GM confirmed on Tuesday that it sold its stake in Lordstown during Q4 2021 following  “an ...

Lordstown Motors to exhibit Endurance EV pickup at NTEA Work Truck Week

Lordstown Motors said today it will be bringing the Endurance all-electric pickup to the Association for the Work Truck Industry’s (NTEA) Work Truck Week event in Indianapolis, Indiana from March 9 to 11. Lordstown, an Ohio-based electric startup, said ...

General Motors sells its stake in Lordstown Motors

Potential electric vehicle manufacturer Lordstown Motors has taken a big hit on the stock exchange after General Motors reportedly sold its stake in the start-up. Founded in late 2018, Lordstown Motors took ownership of a former General Motors plant in ...

GM offloads Lordstown Motors stake, at a loss

General Motors has sold its stake in Lordstown Motors, further exacerbating the nosedive in the electric vehicle startup’s share price. GM acquired 7.5 million shares in Lordstown, or less than 5%, when the company went public via a SPAC ...

GM exits Lordstown Motors, selling stake at a loss

General Motors Co. sold its 7.5 million shares in startup Lordstown Motors Corp. in the fourth quarter, taking a loss on its investment in the struggling electric-truck startup. GM exited the stake over the course of the quarter, a ...

General Motors Sells Off Its Entire Stake In Lordstown Motors

Lordstown Motors can’t catch a break right now and on March 1, the electric vehicle startup was dealt another blow. Just after announcing that it would only produce a maximum of 3,000 vehicles before the end of 2023, we’re learning ...

Lordstown Motors hangs on by a thread, increasing costs and decreasing outlook

Lordstown Motors (NASDAQ: RIDE) reported its Earnings for Q4 2021 on Monday morning, revealing increasing costs and a decreased production and delivery outlook has the automaker hanging on by a thread. The company has struggled for the past year ...

What GM's Divestment Of Lordstown Motors Shares Really Means

News is only just beginning to come out about GM selling its shares of Lordstown Motors, the floundering EV truck startup. However, even before GM’s latest EV truck, the 2024 Chevrolet Silverado EV broke into view, the sale of GM’s ...

Lordstown Motors expects to sell 500 Endurance pickup trucks in 2022

– Electric vehicle startup Lordstown Motors Corp said on Monday it expects to manufacture and sell about 500 Endurance electric pickup trucks this year. The company expects to sell as many as 2,500 units in 2023. Net loss widened ...

Electric-truck maker Lordstown's CEO, CFO resign

PITTSBURGH: Lordstown Motors Corp on Monday announced the sudden departure of its chief executive and finance head, just days after the electric truck maker warned that it may not have enough money to stay in business over the next year. ...

EV maker Lordstown backtracks to say it has no binding orders

DETROIT: Electric-truck maker Lordstown Motors, which recently raised concerns about its ability to remain in business, on Thursday backtracked from earlier comments made by the startup’s president and said it has no binding purchase orders. At an Automotive Press ...

Lordstown Endurance wants to be first electric pick-up

Newcomer Lordstown Motors arrives with big EV pick-up ambitions with the Endurance The race to build the world’s first production pure-electric pickup truck continues. Back in 2018, Rivian revealed the R1T – an all-electric pickup concept which a very futuristic ...