Lordstown Motors

Government, Business, Technology, Fuel

Lordstown Motors Reveals Cash Crisis

 The Lordstown Motors Corp. Endurance electric pickup truck (Matthew Hatcher/Bloomberg News) The Lordstown Motors Corp. Endurance electric pickup truck. (Matthew Hatcher/Bloomberg News)

Lordstown Motors Inc., an electric-vehicle startup that recently went public, said it may not have the cash to get its debut pickup truck to market — and might not last as a company in the next 12 months if it can’t raise more capital.

David Welch | Bloomberg News
June 8, 2021
Business, Technology

Lordstown Motors Drops as Earnings Stoke Case for Skepticism

Lordstown The Lordstown Motors Corp. Endurance electric pickup truck. (Matthew Hatcher/Bloomberg News)

Lordstown Motors Corp. shares tumbled after the electric vehicle company cut its full-year production expectations for its Endurance pickup truck and said it will need outside capital.

Katrina Lewis | Bloomberg News
May 26, 2021
Government, Business, Technology, Equipment, Fuel, Autonomous

Unpaid Taxes Another Troubling Sign for Lordstown Motors

Then-Vice President Mike Pence speaks at the launch of the electric Endurance pickup truck at Lordstown Motors Then-Vice President Mike Pence helps Lordstown Motors celebrate the launch of its Endurance electric pickup truck in June of 2020. (Tony Dejak/Associated Press)

CLEVELAND — The failure of Lordstown Motors, an Ohio-based electric truck startup, to pay $570,000 in real estate taxes due in early March is yet another troubling sign for a company that has been barraged by bad news this year.

Mark Gillispie | Associated Press
April 27, 2021
Business, Technology, Fuel

EV Maker Lordstown Dips on SEC Look at Short-Seller Claims

The Lordstown Endurance electric pickup truck. (Matthew Hatcher/Bloomberg News) The Lordstown Motors Endurance electric pickup is displayed during an unveiling event in June 2020. (Matthew Hatcher/Bloomberg News)

Electric-truck startup Lordstown Motors Corp. fell in extended trading after reporting it received an inquiry on its operations from the Securities and Exchange Commission.

David Welch | Bloomberg News
March 18, 2021
Business, Technology, Fuel

Lordstown Motors Sets Debut Report Without EV Pickups to Show Off

The Lordstown Motors Endurance electric pickup sits on stage during an unveiling event in June 2020. The Lordstown Motors Endurance electric pickup sits on stage during an unveiling event in June 2020. (Matthew Hatcher/Bloomberg News)

Lordstown Motors Corp.’s first-ever quarterly report is likely to be overshadowed by broader concerns about customer demand and progress on getting production going at the electric-vehicle startup.

Esha Dey | Bloomberg News
March 17, 2021
Business, Technology, Fuel

Lordstown Motors Sinks as Firm That Targeted Nikola Takes Aim

The Lordstown Endurance electric pickup truck. (Matthew Hatcher/Bloomberg News) The Lordstown Endurance electric pickup truck. (Matthew Hatcher/Bloomberg News)

Lordstown Motors Corp. plunged the most in five months after the short-seller whose attack on Nikola Corp. led to its founder’s departure turned its sights on the electric truck startup.

David Welch | Bloomberg News
March 12, 2021
Government, Business, Technology, Equipment, Fuel, TCA

Trump Shows Off Lordstown Motors’ Endurance Electric Pickup Truck

President Trump With Lordstown Motors' Endurance Electric Pickup Truck President Trump speaks while Steve Burns, chief executive officer of Lordstown Motors Corp., right, listens during a tour of the new Endurance electric pickup truck on the South Lawn of the White House Sept. 28. (Ken Cedeno/Sipa via Bloomberg News)

WASHINGTON — The day before traveling to Cleveland for his first presidential debate with Democratic nominee Joe Biden, President Donald Trump inspected the new Endurance electric pickup truck from Ohio’s Lordstown Motors outside the White House, claiming success for boosting the region’s economy after General Motors shuttered its plant that made the Chevrolet Cruze.

Sabrina Eaton | cleveland.com
September 28, 2020
Government, Business, TCA

Ohio Trucker Touts Trump’s Handling of Lordstown in RNC Video

Truck driver Geno DiFabio and Vice President Mike Pence Youngstown, Ohio, truck driver Geno DiFabio (left) talks with Vice President Mike Pence in a prerecorded video that played during the Republican National Convention Aug. 25. (RNC via Global Broadcasting/YouTube)

CLEVELAND — Youngstown, Ohio, trucker Geno DiFabio received prime time billing at this week’s Republican National Convention, appearing in a video Aug. 25 with Vice President Mike Pence praising President Donald Trump’s handling of the Lordstown General Motors assembly plant closure.

Seth A. Richardson | cleveland.com
August 26, 2020
Business, Technology

Lordstown Motors Goes Public Following Reverse Merger

The Lordstown Motors Endurance electric pick-up is seen at a launch event in Ohio on June 25. The Lordstown Motors Endurance electric pick-up is seen at a launch event in Ohio on June 25. (Tony Dejak/Associated Press)

Lordstown Motors Corp., the electric-truck startup that stepped in to save a shuttered General Motors Co. factory in Ohio, will be listed on the Nasdaq and gain an infusion of $675 million through a merger with a publicly traded funding vehicle.

August 3, 2020
Government, Business, Fuel

Workhorse Valued at $1 Billion

U.S. Vice President Mike Pence speaks during the Lordstown Motors unveiling event June 25. U.S. Vice President Mike Pence speaks during the Lordstown Motors unveiling event in Ohio June 25. Workhorse has a 10% stake in the company. (Matthew Hatcher/Bloomberg News)

Shares of Workhorse Group Inc., a maker of electric delivery vehicles, are surging as investors bet the Trump administration will want the company and a fellow Ohio-based affiliate to succeed.

Sophia Cai | Bloomberg News
June 30, 2020

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