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The Latest Breaking News from Lordstown

Broken EV Dreams: Lordstown's Bankruptcy And $10M Investor Settlement

Lordstown Motors Corp (OTC:RIDEQ), now Nu Ride (OTC:NRDE), burst onto the scene in 2020 promising a revolutionary electric truck and raking in over $675 million from investors. The company aggressively marketed the Endurance, its first EV truck, as a competitor to established automakers, sending the stock soaring. However, this house…

Benzinga

Bankrupt Lordstown Motors Founder Buys Remaining Company Assets

In June 2023, Lordstown Motors filed for chapter 11 bankruptcy. However, it may see a second lease on life.

InsideEVs

Bankrupt Lordstown Preps For Legal Battle Against Karma Auto

Lordstown Motors is likely set to face a legal battle with Karma Automotive. Karma sued Lordstown in 2020 for supposed poaching of employees and stolen IP.

InsideEVs

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Lordstown Files For Bankruptcy As Foxconn Deal Sours

Fraud allegations against manufacturing partner lead to Chapter 11 filing; Endurance EV pickup truck and assets put up for sale.

Zenger

Lucid Stock Rally, Lordstown Slide Show This Is Key For EV Startups

Lucid Group (LCID) and Lordstown Motors (RIDE) continued to make big moves off low bases Thursday in a busy week for EV stocks of startup companies. Saudi Arabia's Public Investment Fund (PIF), Lucid's majority shareholder, plowed $1.8 billion more into Lucid shares, a filing revealed Tuesday. That news came a…

Investors Business Daily

US truck startup Lordstown files for bankruptcy after Foxconn deal falls through

Lordstown Motors Corp. shares plummeted after the electric-vehicle maker once hailed by former US President Donald Trump for saving automaking jobs filed for bankruptcy.

Tribune News Service

Lordstown Motors Files For Bankruptcy, Sues Foxconn For “Bad Faith”

Under the Chapter 11 restructuring process, the Ohio-based EV maker is looking to sell the Endurance vehicle and related assets.

InsideEVs

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Lordstown Founder And Ex-CEO Cashes Out Remaining Stake In EV Startup

Lordstown founder and ex-CEO Stephen Burns has sold his remaining shares in the EV startup amidst its ongoing financial struggles.

InsideEVs

Lordstown Motors Considering Suing Foxconn Over Funding Issues

Lordstown Motors, the EV startup that developed the Endurance all-electric pickup, plans to take legal action against investor Foxconn to ensure that the Taiwanese firm completes its planned purchase of nearly 10 percent of the EV maker’s shares.

InsideEVs

Lordstown Motors Anticipates Endurance Production “Will Cease In The Near Future”

With just 31 Endurance pickups assembled and ready for sale as of February 2023, and just six units delivered so far, the company is now anticipating a rapid fall.

InsideEVs

Here’s Why You Should Stay Away From Lordstown Motors (RIDE)

Once attracting intense interest for its commercial EV ambitions, the lights may go out on Lordstown Motors as RIDE stock crumbles badly.

Barchart

Ford Breaks Out EV Losses As Gas-Powered Autos Fuel Q1 Earnings Beat

The Ford earnings report comes after the auto giant saw delivery volumes grow, and EV sales jump, during the quarter.

Investors Business Daily

Lordstown Warns Of Bankruptcy As Foxconn Threatens To Cut Funding

Foxconn's decision was rushed by a Nasdaq warning to Lordstown that its stock may be delisted after falling below a minimum $1 per share for 30 straight days.

InsideEVs

Lordstown Resumes Production, Deliveries Of Endurance EV Pickup

Lordstown Motors had paused production in February 2023 to address supplier quality issues that caused a recall of 19 of a total of 31 units built at the time.

InsideEVs

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InsideEVs

Lordstown Recalls 5 Of The 31 Endurance Pickups It Ever Made

Lordstown says that the problem originates from its supplier, Akebono, which delivered certain rear electric park brake (EPB) calipers with thrust washers that haven’t been properly heat treated.

InsideEVs

Lordstown Making New EV Plans After Selling 3 Electric Trucks In 2022

Lordstown Motors is among a growing list of struggling startup EV makers, and it seems it may need to go in a new direction quickly or it may not make it.

InsideEVs

Lordstown Pauses Production And Deliveries, Recalls 19 Endurance EVs

The company says it has experienced performance and quality issues with certain components "that could result in a loss of propulsion while driving."

Motor1

15 Best Selling Trucks Of 2022

Ford maintains the top spot for the 46th consecutive year, but Chevrolet and Ram aren’t far behind.

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Benzinga

Elon Musk's 'Golden Child' Tesla At Crossroads, Rivian Flags Spending Cut, Lucid Strikes Funding Deals And More: Week's Biggest EV Stories

Electric vehicle stocks meandered to a mixed close in the week ending Nov. 11, with earnings news and the broader market sentiment serving as catalysts. Tesla, Inc.

Benzinga

Q3 EV Earnings Need A Charge: Lordstown, Lucid Miss — What About Amazon-Backed Rivian?

Lordstown Motors Corp (NASDAQ:RIDE) and Lucid Group Inc (NASDAQ:LCID) shares are hitting the brakes Wednesday after the EV startups failed to dazzle investors with their quarterly results.

Benzinga

Lordstown Motors Shares Are All Over The Place After Q3 Earnings: Next Up, Lucid Group

Lordstown Motors Corp (NASDAQ: RIDE) shares were trading higher Tuesday morning after the company announced an expanded partnership with Foxconn.

InsideEVs

Foxconn Completes Ohio Plant Purchase, Endurance EV May Be Delayed

As part of the deal, Foxconn also assumes the responsibility for assembling the Endurance electric pickup and hires 400 manufacturing employees from Lordstown.

Benzinga

Why Lordstown Motors Shares Are Sliding Today

Lordstown Motors Corp (NASDAQ:RIDE) reported a first-quarter FY22 loss per share of $(0.46), in line with the consensus of $(0.46) and against a loss of $(0.72) last year. The total operating expenses declined 17.3% Y/Y to $87.9 million. The operating loss incurred for the quarter was $(87.88) million versus $(106.21) million last…

Benzinga

Lordstown, Foxconn Postponed Ohio Factory Sale Deadline

Lordstown Motors Corp (NASDAQ:RIDE) agreed to push back the deadline to sell its Ohio factory to Hon Hai Precision Industry Co Ltd (OTC:HNHPF), operating as Foxconn, Bloomberg reports. The struggling EV startup needs to repay Foxconn if the deal does not close by May 14. Foxconn acknowledged that the two sides were still negotiating…

Financial Times

Electric vehicle start-ups face their toughest challenge: making cars

Investors have bet heavily hoping to find the next Tesla, but many EV groups are struggling to make the production process work

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