It’s been a bumpy ride to get here, and the electric truck maker’s ability to scale production is still cloudy.
Edward Hightower, the electric vehicle company's current president, will become its new CEO. Hightower succeeds Daniel Ninivaggi, who moves into a strategic role as the company’s executive chairman.
The departures follow financial and production challenges in a more competitive and growing market for electric pickup trucks.
A day after filing an amended 10-K that casts doubt on the electric-truck maker’s survival into 2022, the company said it has “multiple avenues to raise capital."
The release of the beta models, two of 57 to be produced, comes at a critical juncture for the upstart electric automaker.
With short seller “investigative reports,” tightly spun narratives set public opinion that can crash a stock by the end of the day. Shouldn’t a company’s valuation be based on the performance of finished product and meeting production timelines? Asking for Lordstown Motors.
The Bobit fleet team got a chance to climb through a test version of the all-electric pickup at Lordstown Motors’ new facility in Irvine, Calif.
Lordstown Motors said it has received more than 100,000 non-binding production reservations from commercial fleets for its Lordstown Endurance all-electric pickup truck
A new partnership leverages Camping World's 170 service and collision centers across the U.S. to service the Lordstown Endurance electric pickup.
Full production will ramp up in 2022. The company is set to open a service center in Irvine, Calif. and a satellite research and development center in Farmington Hills, Mich.
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