The deal could result in the sale of the struggling automaker’s Ohio factory to Foxconn. Lordstown is under federal investigation and needs more cash to mass-produce an electric pickup truck.
Tag Archives: Lordstown (Ohio)
A Skeptical Stock Analyst Wins Big by Seeking Out Frauds
The activist short-seller behind Hindenburg Research has become known for research that sends companies’ stock sinking. He says he’s not in it just to move share prices.
Behind the Lordstown Debacle, the Hand of a Wall Street Dealmaker
A longtime real estate investor and former Goldman Sachs executive decided to take an electric truck company public. Chaos ensued.
Lordstown Motors Invites Investors and Analysts to Its Factory
After an executive shake-up and conflicting statements about its prospects, the start-up demonstrated prototypes of its pickup.
Lordstown Motors Shares Plunge as Investors See Problems
Lordstown Motors said it would start producing and selling electric pickup trucks this year, but there is little evidence it is ready to do so. Its stock has tumbled from a high of about $30 last year to around $8.
Electric Vehicle Makers Find a Back Door to Wall Street
Special purpose acquisition companies, or SPACs, are helping them and other fledgling companies raise money and gain coveted stock listings.