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 partnership will help fleets integrate the Lordstown Endurance, an all-electric commercial pickup truck, into their vocational fleet operations.
Among other business updates, the company announced it has started its outreach to state and local government entities, including the U.S. military, to sell the Lordstown Endurance all-electric pickup.
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.
Merchants Fleet has launched an innovative new vehicle electrification initiative, Electrify Fleet, which seeks to deploy new EVs in the commercial market, including through the introduction of the Lordstown Endurance all-electric commercial pickup truck for its clients.
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
Mike Albert Fleet Solutions entered into an agreement with Lordstown Motors for delivery of a significant quantity of the Lordstown Endurance EV pickup model.
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