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| May 23, 2023 | Lordstown Stock Dives After Reverse Split. The EV Start-Up Needs More Cash. | Shares of electric-vehicle start-up Lordstown Motors were plummeting in early trading after the company announced a 1-for-15 reverse stock split on Tuesday. |
| May 1, 2023 | EV startup Lordstown Motors says Foxconn threat jeopardizes its future | Electric vehicle startup Lordstown Motors warned Monday that its survival is in jeopardy after its manufacturing partner, Foxconn, threatened to withdraw from their deal in northeast Ohio.
Driving the news: Lordstown, which makes an EV pick... |
| Mar 13, 2023 | EV SPACs hunt for cash, the SVB fallout continues and a new AV startup emerges | The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subscribe for free.
Welcome back to The Station, y... |
| Feb 27, 2023 | EV SPACs struggle, Mercedes shows its OS hand and Cruise passes the 1 million-mile mark | The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subscribe for free.
Welcome back to The Station, y... |
| Feb 23, 2023 | Lordstown Motors Halts Production, Deliveries for Endurance E-Trucks | Inno Flores, Tech Times 23 February 2023, 10:02 pm
Lordstown Motors announced on Thursday that it will be suspending its production and deliveries for its electric Endurance pickup truck as they address performance and quality issues with i... |
| Feb 23, 2023 | Lordstown Stock Falls on Recall. Making Cars Can Be Hard. | Making cars and trucks is hard. Another electric-vehicle startup is experiencing production issues and the stock was falling early Thursday.
Lordstown Motors (ticker: RIDE) announced Thursday a recall and production pause to address quality... |
| Nov 29, 2022 | Lordstown Motors Achieves ‘Homologation.’ Why It’s a Big Deal for the Stock. | Lordstown Motors hit an important milestone. Shares are rising, even though many people may not know the word used to describe that step.
The Ohio-based electric truck startup announced Tuesday that its all-electric Endurance pickup truck h... |
| Nov 8, 2022 | Lordstown Motors’ Earnings Were Terrible. Foxconn Is Lifting the Stock. | Electric vehicle start-up Lordstown Motors reported a much bigger third-quarter loss than expected. Shares are surging, though, because the iPhone maker Foxconn has thrown the company a lifeline.
Tuesday, Lordstown (ticker: RIDE) reported a... |
| Nov 7, 2022 | iPhone Maker Foxconn Buys a Big Stake in EV Start-up | Shares of electric vehicle maker Lordstown Motor s are surging after a new deal with contract manufacturer Foxconn that brings much needed cash to the EV start-up.
Monday evening, Lordstown (ticker: RIDE) announced that Hon Hai Precision In... |
| Sep 29, 2022 | Lordstown Is Finally Producing EVs. Challenges Remain. | Electric-vehicle start-up Lordstown Motors hit a significant milestone, but it isn’t out of the woods yet.
Thursday, Lordstown (ticker: RIDE) started to produce the Endurance battery-powered truck at an Ohio plant the company no longer owns... |
| Sep 29, 2022 | Finally. Lordstown Motors, Foxconn begin Endurance EV production | Taiwanese electronics manufacturer Foxconn has begun production of Lordstown Motors’s electric pickup truck.
The news, which Bloomberg grabbed first, is a milestone for both companies: Foxconn as it diversifies from manufacturing consumer e... |
| Jul 12, 2022 | Lordstown Motors Shakes Up Management, Boosting the EV Stock | Electric truck start-up Lordstown Motors has reshuffled its management.
The company said Tuesday that President Edward Hightower has been named CEO, while Daniel Ninivaggi is moving from CEO to executive chairman of the board. |
| May 11, 2022 | Lordstown, Foxconn Close Deal, Bringing Needed Cash to EV Maker. Shares Soar. | Lordstown Motor just cleared one hurdle that lay between now and the company reaching volume production of its electric truck called Endurance.
Wednesday evening, Lordstown (ticker: RIDE) announced the company closed its deal with Hon Hai P... |
| May 9, 2022 | Lordstown Didn’t Burn Through as Much Cash as Expected. The Stock Is Still in a Tough Spot. | Electric-vehicle startup Lordstown Motors reported fairly good first-quarter numbers, relatively speaking. The stock was down anyway Monday because the company is still in a tough spot.
Lordstown (ticker: RIDE) reported a first-quarter loss... |
| May 9, 2022 | Lordstown reports $90 million loss and no progress on Foxconn deal | Lordstown Motors, the long-suffering battery-electric truck maker, said in a filing with the U.S. Securities and Exchange Commission on Monday that it has not yet closed a $230 million deal with Foxconn ahead of a May 14 deadline that would... |
| Feb 28, 2022 | Lordstown Motors Stock Is Plunging. Production Plans Aren’t Good Enough. | The electric vehicle start-up Lordstown Motors disclosed its earnings, showing it spent less than expected in the fourth quarter, but the stock is dropping anyway. News of better cash management hasn’t overcome fear that the company isn’t g... |
| Nov 12, 2021 | Lordstown Motors Reports Third Quarter 2021 Financial Results - Form 8-K | Lordstown Motors Reports Third Quarter 2021 Financial Results
LORDSTOWN, OH (November 11, 2021) - Lordstown Motors Corp. (Nasdaq: RIDE), ("Lordstown Motors" or "LMC"), a provider of electric light duty trucks focused on ... |
| Nov 12, 2021 | Lordstown Stock Had a Crazy Ride. Blame the Rivian Effect, Not Earnings. | Stock of Lordstown Motors shot up before management reported third-quarter results on Thursday, only to come back down afterward. But the report has nothing to do with that.
Investors can blame two things for the wild trading. The Rivian Au... |
| Oct 29, 2021 | Lordstown Motors Announces Timing of Third Quarter 2021 Financial Results and Webcast | LORDSTOWN, Ohio, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors”), a leader in electric light duty trucks focused on the commercial fleet market, today announced that it will release its third qu... |
| Oct 15, 2021 | Tech, market valuations, Bitcoin—and what else mattered to CFOs this week | This is the web version of CFO Daily, a newsletter on the trends and individuals shaping corporate finance. Sign up to get it delivered free to your inbox.
Good morning,
Here's what happened this week:
“The CFOs I work with, they'... |
| Oct 14, 2021 | Square CFO: Bitcoin is the best bet for a ‘native currency of the Internet’ | This is the web version of CFO Daily, a newsletter on the trends and individuals shaping corporate finance. Sign up to get it delivered free to your inbox.
Good morning,
In March, when I interviewed Square CFO Amrita Ahuja for the first edi... |
| Oct 5, 2021 | Lordstown Motors falls 10% as Morgan Stanley says the EV maker sold its Ohio factory for a fifth of its value | Lordstown Motors stock has lost more than a third of its value in three days of trading.
Morgan Stanley cut its price target to $2 from $8 following the company's deal with Foxconn.
The EV maker sold its factory for $230 million - a fi... |
| Oct 5, 2021 | Lordstown Motors falls 10% as Morgan Stanley says the EV maker sold its Ohio factory for a fifth of its value | Lordstown Motors. Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images
Lordstown Motors stock has lost more than a third of its value in three days of trading.
Morgan Stanley cut its price target to $US2 ($AU3) fro... |
| Oct 1, 2021 | Lordstown Stock Gains After Striking a Deal With Foxconn. It Really Needed the Cash. | Electric vehicle start-up Lordstown Motors needs cash and iPhone assembler Foxconn wants to enter the car business, so the two struck a win-win deal.
Late Thursday, Lordstown (ticker: RIDE) and Hon Hai Precision Industry (2317.Taiwan)—bette... |
| Oct 1, 2021 | Lordstown drops 18% after announcing production updates and a $230 million deal to sell Ohio plant to Foxconn | Lordstown factory. Photo by MEGAN JELINGER / AFP
Lordstown Motors stock fell 18% after providing an update to its EV production plans.
It will move forward with building a limited number of vehicles in 2021 and the start of 2022.
The compan... |
| Sep 30, 2021 | Lordstown Motors jumps as the struggling EV maker is reportedly nearing a deal to sell Ohio factory to Foxconn | Lordstown Motors. Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images
Lordstown Motors is planning to sell its Ohio factory to Foxconn, Bloomberg reported.
The companies would work in parallel at the plant, accord... |
| Sep 30, 2021 | EV Startup Lordstown Nears Deal to Sell Its Only Factory to Taiwan’s Foxconn | The Lordstown Motors factory is where GM once operated, in Lordstown, Ohio, on October 16, 2020. MEGAN JELINGER/AFP via Getty Images
Cash-strapped electric truck startup Lordstown Motors is nearing a deal to sell its only factory in Ohio to... |
| Aug 11, 2021 | Lordstown Motors : Reports Second Quarter 2021 Financial Results | LORDSTOWN, Ohio, Aug. 11, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors”), a leader in electric light duty trucks focused on the commercial fleet market, today released its second quarter 2021 financial ... |
| Aug 11, 2021 | Lordstown Motors : Reports Second Quarter 2021 Financial Results (Form 8-K) | Lordstown Motors Reports Second Quarter 2021 Financial Results
LORDSTOWN, OH (August 11, 2021) - Lordstown Motors Corp. (Nasdaq: RIDE), ('Lordstown Motors'), a leader in electric light duty trucks focused on the commercial fleet m... |
| Jul 28, 2021 | Lordstown Motors : Announces Timing of Second Quarter 2021 Financial Results and Webcast | LORDSTOWN, Ohio, July 28, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors”), a leader in electric light duty trucks focused on the commercial fleet market, today announced that it will release its second q... |
| Jul 2, 2021 | 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 Exchange Commission.
The investigation, fi... |
| Jun 21, 2021 | Lordstown Motors execs sold millions in stock before woes became public | A handful of executives at Lordstown Motors Corp. sold millions of dollars worth of stock before the electric-truck startup released disappointing first-quarter earnings.
The company's current president and former chief financial offic... |
| Jun 18, 2021 | Lordstown Motors now says it does not have ‘binding’ orders, reversing a statement by its president | The Endurance. Lordstown Motors
Lordstown’s president on Tuesday said the company had “binding” orders for all of its trucks until 2022.
Days later, the company corrected those claims in filings with the Securities Exchange Commission.
“We ... |
| Jun 15, 2021 | 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 after an executive shakeup that included the resignatio... |
| Jun 14, 2021 | The broader implications of Lordstown’s failures | This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox.
The boom in special purpose acquisition companies has helped some new-generation vehicle makers t... |
| Jun 14, 2021 | 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 after Burns was reassuring investors of th... |
| Jun 14, 2021 | Embattled electric-vehicle startup Lordstown Motors loses its CEO and CFO | ‘ Endurance truck. Lordstown Motors
Lordstown Motors’ CEO and CFO have resigned, the company announced on Monday.
The electric-vehicle startup said it had already started the search for permanent replacements.
It said last week that it didn... |
| Jun 8, 2021 | 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 today after the company reported in an SEC fi... |
| May 24, 2021 | 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-stained negativity.
Lowlights include higher-than-exp... |
| May 24, 2021 | LORDSTOWN MOTORS CORP.
Lordstown Motors : Reports First Quarter 2021 Financial Results (Form 8-K) | Lordstown Motors Reports First Quarter 2021 Financial Results
LORDSTOWN, OH (May 24, 2021) - Lordstown Motors Corp. (Nasdaq: RIDE), ('Lordstown Motors'), a leader in electric light duty trucks focused on the commercial fleet marke... |
| May 15, 2021 | LORDSTOWN MOTORS CORP.
Lordstown Motors to Reschedule First Quarter 2021 Financial Results For May 24, 2021 | LORDSTOWN, Ohio, May 14, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors”), a leader in electric light duty trucks focused on the commercial fleet market, today announced that it will reschedule the releas... |
| Mar 18, 2021 | Lordstown Motors stock sinks after SEC inquiry revealed | More On: electric cars
These scientists plan to fuel Tesla car using printed solar panels Tesla beats revenue, profit estimates on record deliveries Rivian CEO: ‘Frustrating’ buying parts to build electric vehicles Toyota unveils first elec... |
| Mar 18, 2021 | Lordstown Motors stock sinks after SEC inquiry revealed | More On: electric cars
GM extends Chevy Bolt production pause amid fire concerns ‘Surpassed our highest expectations’: Ford adding jobs to boost production of F-150 Lightning Tesla opens store on tribal land, dodges sales restrictions Argen... |
| Mar 16, 2021 | ‘Haters gonna hate’: Lordstown Motors responds to short-seller that accused the startup of faking orders | Lordstown said on Monday that it plans to respond to the claims. Lordstown Motors
Lordstown Motors’ CEO on Monday responded to a short-seller’s claims that the startup faked orders.
“There’s always haters,” CEO Steve Burns said.
The report ... |
| Lordstown Motors’ Sales Were Dreadful. The Stock Is Rising Anyway. | Sales and earnings from electric vehicle start-up Lordstown Motors show just how hard it has been to launch a new electric truck. Results look rough, but the beaten-up stock is rising in early trading Monday.
Lordstown (ticker: RIDE), Monda... |
| Struggling Lordstown Motors expects to end production of its EV pickup ‘in the near future’ | Lordstown Motors expects to end production of its Endurance pickup truck “in the near future,” as the embattled EV startup runs out of cash and seeks additional capital.
The comments come three days after the Ohio-based company said it may ... |
| Акции производителя электропикапов Lordstown Motors упали на 16% — его обвинили в обмане инвесторов Статьи редакции | В 2020 году Hindenburg Research обвинила в мошенничестве производителя электрогрузовиков Nikola — это привело к расследованию регулятора и отставке основателя.
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Hindenburg Research обвинила американскую Lords... |
| Lordstown Q2 2022 earnings highlights, Endurance EV update | 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.
Lordstown Motors ($RIDE) is often included in the same discussion with ... |
| Embattled electric-vehicle startup Lordstown Motors loses its CEO and CFO | Lordstown Motors' Endurance truck. Lordstown Motors
Redeem now
Lordstown Motors' CEO and CFO have resigned, the company announced on Monday.
The electric-vehicle startup said it had already started the search for permanent replace... |
| Lordstown Motors says it still has $220 million in cash as it grapples with production issues and an EV pivot | Lordstown Motors said Monday that it still has over $220 million in cash.
It delivered just six Endurance EV pickups to customers before halting production last month.
Lordstown is working with contract-manufacturer Foxconn on a new electri... |
| Lordstown Motors expects limited production and deliveries of electric pickup in 2022 | Embattled electric truck startup Lordstown Motors on Thursday reaffirmed plans to begin commercial production of its first vehicle this quarter and roll out the first customer deliveries by the end of the year.
Lordstown CEO Edward Hightowe... |
| EV stocks soared on hype in 2021 — investors are betting 2022 will bring actual revenue | Electric vehicle companies Rivian and Lucid Motors went public in 2021 and are valued at a combined $150 billion, despite almost no revenue.
Several other EV makers that are also pre-revenue hit the public market through SPACs in the past y... |
