Lordstown Motors

Polestar is launching an EV roadster in 2026 called the Polestar 6

Electric vehicle maker Polestar said Tuesday that it is expanding its lineup to include an 884-horsepower hard-top convertible with recycled polyester upholstery. The Polestar 6 electric performance r

Polestar on track to sell 50,000 EVs in 2022

Polestar, the electric vehicle maker that made its Nasdaq debut in June, said Wednesday it is on track to meet its annual sales target. For the first half of 2022, Polestar delivered approximately 21,

Electric Last Mile Solutions to file for bankruptcy

Commercial EV maker Electric Last Mile Solutions said Monday that it will file for bankruptcy, the first among a spate of troubled EV manufacturer SPACs to go out of business. Electric Last Mile Solut

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

Fisker 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.

Daily Crunch: PayPal Ventures leads $50M Series B for Egyptian fintech Paymob

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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

Lordstown Motors said in a filing with the SEC that it has not yet closed a $230 million deal with Foxconn ahead of a May 14 deadline that would allow it to remain a going concern.

Chinese fuel cell maker eyeing SPAC deal for $1B US listing

The deal comes at a time when companies that took the SPAC route are facing increasing regulatory scrutiny in the U.S.

Hype, hope and money: Your guide to all the EV SPAC investigations going on

If 2020 and 2021 were the years of the SPAC, 2022 is shaping up to be the year of the reprimand.

Why EV startups should’ve hit the brakes before merging with a SPAC

The blank-check boom that made real many electric vehicle manufacturers' dreams of going public may be nearing a close.

Struggling EV startup Lordstown Motors loses GM as investor

General Motors sold its stake in Lordstown Motors, an electric vehicle startup that has struggled to get its first vehicle, the electric pickup truck Endurance, to production, reports the Detroit Free

Foxconn buys Lordstown Motors’ Ohio factory for $230M, plans to help produce Endurance electric pickup

Electric light-duty truck manufacturer Lordstown Motors has officially sold its 6.2-million-square-foot Lordstown, Ohio factory to Foxconn, the Taiwanese hardware manufacturing company best known for

Foxconn will build EVs for Lordstown Motors and Fisker at Ohio plant

Foxconn will build electric vehicles for Lordstown Motors as well as its other partner Fisker Inc. at a former GM factory in Ohio, under an agreement announced Thursday. Lordstown Motors, the beleague

Lordstown Motors in talks to sell its 6.2M-square-foot factory to Taiwan’s Foxconn

EV startup Lordstown Motors made headlines when it purchased a 6.2 million-square-foot factory from General Motors in 2019. Now, it looks like the strapped-for-cash startup will likely sell that facil

Lordstown Motors taps former Icahn exec as CEO to put its EV truck ambitions back on track

Lordstown Motors has hired Daniel A. Ninivaggi, a longtime automotive executive and former head of Carl C. Icahn’s holding company, as CEO and a board member. The appointment follows months of t

Lordstown will deliver its Endurance truck to ‘select early customers’ early next year

The beleaguered EV startup Lordstown Motors is on track to begin production of its flagship electric truck Endurance, but only select customers will begin to receive vehicles early next year, executiv

Growth is not enough

The week brought together both this quarter's earnings cycle and the Q3 IPO rush. So, it was just a little busy!

Troubled EV company Lordstown Motors gets $400M lifeline in stock-sale agreement

This new agreement could allow Lordstown to continue by providing the much-needed capital required to produce its first electric vehicle.

Department of Justice opens investigation into EV startup Lordstown Motors

Lordstown Motors continues to stumble. The beleaguered electric vehicle startup is now being investigated by the Department of Justice, in addition to an ongoing investigation by the Securities and Ex

The Station: Waymo nabs more capital, Cruise taps a $5B credit line and hints about Argo’s future

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station

Lordstown Motors reverses claims about ‘binding orders’ for electric pickup truck

Lordstown Motors does not have binding orders from customers for its electric Endurance pickup truck — a reversal from claims made earlier this week by company executives in an effort to restore con
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