Lordstown Motors, the troubled electric pickup truck company that bought a shuttered General Motors factory in Ohio, filed for bankruptcy protection on Tuesday.Once hailed by former President Donald J. Trump […]
Lordstown Motors Corp
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Back to news homeA Skeptical Stock Analyst Wins Big by Seeking Out Frauds
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 […]
Behind 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 […]