Last month, federal authorities charged the founder of the electric vehicle manufacturer Nikola, which had gone public in the summer of 2020, with defrauding investors. They were led there partly […]
Lordstown Motors Corp
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Back to news homeBehind the Lordstown Debacle, the Hand of a Wall Street Dealmaker
Goldman, which was working with Mr. Hamamoto and arranged $500 million in additional financing for the acquisition, ran only a standard background check on Mr. Burns — a public-records search […]
Lordstown Motors’ Top Executives Resign After Board Investigation
Lordstown Motors, the electric vehicle start-up fighting for survival, announced on Monday the resignation of its chief executive, Steve Burns, and chief financial officer, Julio Rodriguez, after the results of […]
Lordstown Motors Shares Plunge as Investors See Problems
Soon after, G.M. found a buyer who promised to return auto jobs to the region: Steve Burns, the chief executive of a small electric-van business, Workhorse Group. That company had […]
For Companies Like Workhorse, A Race to Be the Tesla of Delivery Vehicles
A fleet operator might spend about $300,000 to own and operate a diesel truck over 20 years, but the cost of owning an electric truck may be less than half […]