Lordstown Motors

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

Lordstown Motors execs cite binding orders to restore confidence a day after CEO, CFO resignations

Lordstown Motors has enough “binding orders” from customers to fund limited production of its electric pickup truck through May 2022, executives at the company said Tuesday, just a day aft

Lordstown Motors CEO and CFO resign amidst production woes

Beleaguered electric vehicle startup Lordstown Motors’ stock shares have taken another hit after the company said Monday that CEO Steve Burns and CFO Julio Rodriguez have resigned, just a few weeks

Don’t trust that SPAC deck

The continuing saga of Lordstown Motor’s struggles as a public company took a new turn today as the electric truck manufacturer made yet more news. Bad news. Shares of Lordstown are down sharply

The SPAC trash ticker is counting down

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week had the whole crew aboard to record: Grace and Chris maki

Extra Crunch roundup: Lordstown Motors’ woes, how co-CEOs work, Brian Chesky interview

Lordstown Motors released its Q1 earnings yesterday, and the electric vehicle manufacturer is facing a few challenges.

Dogs of Lordstown

Lordstown is not the only SPAC that is going to see some daylight between its pitch and its performance. But it's a pretty stark reminder that SPAC decks are sales pitches, not promises.

Lordstown Motors slashes production forecast for its electric pickup

Lordstown Motors’ cash-rich SPAC dreams have turned out to be nothin’ more than wishes. The automaker reported Monday a disappointing first-quarter earnings that was a pile-up of red-ink-s

Lordstown Motors accused of faking EV truck pre-orders by short-seller firm Hindenburg Research

Hindenburg Research, the short-seller firm whose report on Nikola Motor led to an SEC investigation and the resignation of its founder, is targeting another electric vehicle company. This time it&#821

EV rivals Tesla, Rivian unite to target direct sales legislation

Tesla, Rivian, Lordstown Motors and Lucid Motors — potential rivals in the burgeoning EV market — are working together to pass laws that would allow direct sales in at least eight states w

With a reported deal in the wings for Joby Aviation, electric aircraft soars to $10B business

One year after nabbing $590 million from investors led by Toyota, and a few months after picking up Uber’s flying taxi business, Joby Aviation is reportedly in talks to go public in a SPAC deal

Lordstown Motors becomes latest EV automaker to use a SPAC to go public

Lordstown Motors, the one-year-old Ohio electric automaker that revealed a pickup truck prototype in June, has reached a deal to merge with special-purpose acquisition company DiamondPeak Holdings Cor
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