Teslarati

MARCH 23, 2024

The founder of bankrupt electric vehicle (EV) maker Lordstown Motors has settled with the Securities and Exchange Commission (SEC), after making misleading statements about demand years ago. Lordstown went bankrupt last year after the automaker entered into a merger agreement with a blank-check company to go public in 2020.

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General Motors 2020 Motor Motors 107

Green Car Reports

NOVEMBER 12, 2021

Lordstown Motors delays its Endurance electric truck once again. GM and EVgo expand their partnership for urban fast-charging. And could an electric Hummer join the military? This and more, here at Green Car Reports. The original US military Humvee formed the basis for a brand—Hummer.

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Hummer GMC Charging GM 143

Green Car Reports

MARCH 18, 2021

And Lordstown Motors asserts that it will be cranking out an Endurance electric pickup every six minutes in September. Lordstown Motors on Wednesday insisted. A recall on two EVs underscores how over-the-air updates can simplify some safety recalls. This and more, here at Green Car Reports.

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Fuel Tax Tax Fuel Volvo 135

Green Car Reports

NOVEMBER 17, 2020

And Lordstown Motors reports a lot of interest in its electric truck. Lordstown says that there are now 50,000 pre-orders for its Endurance electric pickup, not. The Tesla Model 3 Standard Range is now even off the secret menu. Canoo plans to use wraps to help customers customize their subscription EVs.

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Tesla Green Cars Cars Electric 141

Electrek

NOVEMBER 29, 2022

It’s an exciting day for electric truck enthusiasts, with Lordstown Motors (RIDE) announcing its Endurance EV pickup has achieved full homologation. The post First batch of Lordstown Endurance EV pickups leaving Ohio Foxconn plant for delivery appeared first on Electrek.

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Ohio Motor Motors Motoring 137

Teslarati

JUNE 22, 2023

Stephen Burns, the founder and former CEO of Lordstown Motors, has sold his entire stake in the electric vehicle maker. Burns’ sale of his Lordstown stake was made in three transactions between May and June. per share on June 16, as noted in a Bloomberg News report. The sale was outlined in a regulatory filing.

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Motor Motors Motoring Legal 90

The Truth About Cars

OCTOBER 18, 2023

Ohio-based Lordstown Motors has received approval from the U.S. LAS Capital, owned by Stephen Burns, will reportedly receive Lordstown's intellectual property, business data, and any machinery used for manufacturing. that inflated Lordstown Motors’ valuation in October 2020, Burns owned about 25 percent of the company stock.

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Buy Companies Ohio General Motors 111

Teslarati

AUGUST 5, 2022

Lordstown Motors ( NASDAQ: RIDE ) reaffirmed its plans to start production of the Endurance all-electric pickup during the third quarter of 2022 while reporting its Earnings for Q2 earlier this week. Lordstown expects Q3 to see the start of commercial production, while deliveries should begin in Q4, it said.

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Production North America Ohio Motor 81

Teslarati

MARCH 10, 2023

Lordstown Motors is recalling five units of the Endurance electric pickup due to a potential failure of the electric parking brake. The caliper problem does not come from Lordstown specifically but rather from the supplier, Akebono. Only six of those trucks have been delivered to customers so far, the company revealed.

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Electric Electrical Motor Motors 79

Electrek

FEBRUARY 23, 2023

Ohio-based EV manufacturer Lordstown Motors (RIDE) has hit another roadblock in its quest to bring its Endurance electric pickup to market. After several years of waiting, Lordstown says Endurance EV buyers will have to wait a little longer after announcing it will pause production amid a voluntary recall.

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Production Ohio Electric Electrical 94

Electrek

MARCH 6, 2023

Lordstown Motors (RIDE) Endurance EV pickup sales began in Q4, with the company selling not one, not two, but three vehicles in the fourth quarter of 2022. Although Lordstown beat the Tesla Cybertruck to market, the EV startup faces more financial woes with widening losses in Q4 and an ongoing production halt.

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Sale Motor Motors Motoring 98

Electrek

JUNE 22, 2023

EV startup Lordstown Motors (RIDE) continues facing an uphill battle in bringing its Endurance electric pickup to market. The company’s founder and former CEO has now sold his entire stake in Lordstown as a dispute with Foxconn over funding could end in bankruptcy.

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Motor Motors Motoring Market 98

Teslarati

JUNE 27, 2023

Lordstown Motors has sued its investment partner Foxconn and filed for Chapter 11 Bankruptcy, sending the stock in a downward spiral on Tuesday morning. Lordstowns’ Chapter 11 filing will help the company reorganize its business affairs, debts, and assets. percent stake in Lordstown. I’d love to hear from you!

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Motor Motors Motoring Taiwan 93

The Truth About Cars

APRIL 18, 2023

The Ohio-based Lordstown Motors has reportedly resumed assembly and delivery of its all-electric Endurance pickup this month, after having to pause production in February to address quality concerns. This has been reflected in the Lordstown stock, which has seen its value absolutely crater since February of 2021.

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Motor Motors Motoring Production 97

The Truth About Cars

JUNE 27, 2023

On Tuesday, Lordstown Motors Corp. Lordstown’s share price collapsed in 2021 and the company has suffered numerous production delays. But it’s not bad news for everybody. Former chief executive of Lordstown Motors, Steve Burns, managed to sell off every share of his stock before the company filed for Chapter 11.

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Motor Motors Motoring Ohio 105

Electrek

MAY 23, 2023

EV startup Lordstown Motors (RIDE) announced a reverse stock split Tuesday as it attempts to remain listed on the NASDAQ exchange and secure funding to keep the Endurance electric pickup alive. more… The post Can a reverse stock split save the Lordstown (RIDE) Endurance electric pickup?

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Electric Electrical Motor Motors 76

Teslarati

MAY 12, 2022

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. Lordstown Motors (@LordstownMotors) May 11, 2022. 100 million incremental investment!

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Manufacturer Motor Motors Motoring 72

Teslarati

JUNE 9, 2023

Lordstown Motors has never had a smooth road ahead of it. Lordstown responded by stating the allegations were “without merit,” and the terms of the Investment Agreement would not permit Foxconn to terminate the agreement at the time. Lordstown shares fell over 30 percent on the news that day.

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Purchase Companies Light Market 116

Teslarati

MAY 5, 2023

Lordstown Motors has had a rough couple of years. The Ohio-based automaker is now expecting production of its introductory pickup truck, the Endurance, to end “in the near future” as it is seeking additional capital from future investors and partners. Lordstown has only $108.1

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Production Ohio Future Market 91

Electrek

JUNE 27, 2023

EV startup Lordstown Motors (RIDE) filed for bankruptcy on Tuesday. Lordstown is also suing Foxconn after the companies failed to find common ground over a promised investment to keep the EV startup afloat. Thus, the fate of the Endurance electric truck is again up in the air as the company plans to sell off its assets.

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For Sale Sale Electric Electrical 67

Teslarati

MARCH 6, 2023

Lordstown Motors ( NASDAQ: RIDE ) remains resilient as its story continues to be one of trying times, low cash flow, and miscues in early production. Lordstown has $221.7 Lordstown Endurance pickup truck production and deliveries halted Lordstown’s net loss increased by $20.9 million to $102.3

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Production Motor Motors Motoring 98

Baua Electric

APRIL 22, 2024

based Bedeo is launching a Land Rover Defender EV conversion based around in-wheel motors from Bedeo-owned Protean Electric. While numerous companies and DIYers are already converting older internal-combustion vehicles to electric power, Bedeo also claims to be the first to use in-wheel motors in such a conversion.

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Land Rover Conversion Motor Motors 52

Teslarati

FEBRUARY 23, 2023

Electric vehicle manufacturer Lordstown Motors has announced a temporary halt in the production and delivery of the Endurance, its all-electric pickup truck. Regulatory filings have indicated that Lordstown had produced 31 vehicles for sale and delivered six units as of January 3, 2023.

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Production All-Electric Connect Connected 85

Electrek

MAY 12, 2022

Back in an unassuming corner near the exit of the ACT Expo at the Long Beach convention center sits a black Lordstown Motors Endurance pickup. Lordstown Motors has officially closed its deal with Foxconn, who will now build the former’s Endurance pickup under a new joint venture (JV) and manufacturing contract.

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Long Beach Motor Motors Motoring 87

Teslarati

MAY 9, 2022

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 of its initial vehicle, the Endurance, an all-electric pickup truck. per share on Monday.

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Sale Production Ohio Taiwan 88

Teslarati

MAY 1, 2023

Lordstown Motors’ financial life raft, Foxconn, is losing air as it threatened the automaker that it could pull out of its $170 million investment deal, which could send the company sinking into bankruptcy after starting production of its Endurance all-electric pickup. “Foxconn’s actions are completely unwarranted.

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Motor Motors Motoring Ohio 98

Teslarati

MARCH 16, 2023

Foxconn, the iPhone manufacturer that bailed out Lordstown Motors from bankruptcy, announced that it would build electric vehicle batteries in Wisconsin and Ohio on Thursday, hoping to take advantage of the Inflation Reduction Act that incentivizes domestic cell manufacturing. The sale was finalized in May 2022.

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Wisconsin Batteries Battery Production 107

EV Central

MARCH 9, 2023

Pioneering in-wheel motor EV maker Lordstown Motors Corp has been forced to recall 19 of 31 Endurance utes it has built because of component quality issues. At the same it has stopped production of the Endurance at the plant in Lordstown Ohio the company is named after.

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GMC Ohio 2020 Motor 52

Electrek

AUGUST 4, 2022

Electric vehicle maker Lordstown Motors released its Q2 2022 earnings report today, and despite not delivering an EV yet, the company posted its first operating profit. The post Lordstown Q2 2022 earnings highlights, Endurance EV update appeared first on Electrek.

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Motor Motors Motoring Electric Vehicles 79

Teslarati

MARCH 1, 2022

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 undisclosed lock-up period,” spokesperson Jim Cain said to CNBC.

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General Motors Motor Motors Motoring 72

The Truth About Cars

JANUARY 12, 2021

Lordstown Motors announced on Monday that they had exceeded 100,000 pre-orders for their Endurance light-duty, all-electric pickup, slated to begin production in September. While we covered the Endurance previously, we didn’t pay homage to where it’s being assembled.

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Chevrolet All-Electric Light Motor 98

Teslarati

NOVEMBER 8, 2022

Foxconn put its money where its mouth is by fully committing to Lordstown Motors with a new $170 million investment package that secures a future collaboration for a joint electric vehicle project. Foxconn made additional equity investments in Lordstown Motors totaling $170 million, the company announced last night.

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Purchase Ohio Corporation Motor 98

Teslarati

JUNE 9, 2021

Lordstown Motors says it is running out of cash for its future development of electric vehicles and might be forced to close its doors for good within the next year. The news sent shares down around 20% during midday trading on Wednesday, CNN says. Lordstown Motors is based in Lordstown, Ohio, and the company purchased a 6.2

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Motor Motors Motoring F-150 74

Teslarati

FEBRUARY 28, 2022

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. Last year, Lordstown sold its Ohio plant to Foxconn and then delayed the launch of the Endurance all-electric pickup.

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Motor Motors Motoring Hummer 60

Teslarati

JULY 16, 2021

Lordstown Motors is under federal investigation by the Securities and Exchange Commission (SEC) for falsifying pre-order counts and its merger with DiamondPeak Holdings, company representatives said. Attorney’s Office for the Southern District of New York that it is investigating these matters,” Lordstown Motors said.

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Motor Motors Motoring F-150 128

Teslarati

JUNE 14, 2021

Lordstown Motors ( NASDAQ: RIDE ) announced earlier today that it had relieved CEO Steve Burns and CFO Julio Rodriguez from their duties while appointing Becky Roof to Interim CFO and Angela Strand to Executive Chairwoman. News of the changes in Lordstown’s management caused shares to slide over 17%.

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Ohio Motor Motors Motoring 85

Teslarati

OCTOBER 1, 2021

Lordstown Motors, an electric vehicle startup based in Ohio, has announced that it has agreed in principle to work jointly on electric vehicle programs with iPhone manufacturer Hon Hai Technology Group, more commonly known as Foxconn. Foxconn appears to be Lordstown’s choice. Lordstown obliged to the subpoenas.

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Ohio Manufacturer Motor Motors 86