Lordstown Motors

Founder of now-bankrupt Lordstown Motors, Steve Burns, has now launched his third EV company, namely LandX Motors. What Happened: Burns previously founded two electric vehicle companies namely Workhorse Group and Lordstown Motors. According to the new company’s website, the founder is a...

Ed Hightower, CEO at Lordstown Motors Corp. (NASDAQ:RIDE), embarked on a trip to Taiwan for a meeting with Foxtron, an affiliate of Foxconn Technology Group, to discuss the development of a new electric vehicle. However, the Foxtron CEO failed to show up, marking the beginning of a series of...

Longtime automotive supplier executive Daniel Ninivaggi will take over as CEO at struggling Lordstown Motors Corp. (NASDAQ: RIDE), where legal, financial, and production woes contribute to the company's repeated declaration that it might not be in business a year from now. The startup still plans...

Workhorse Group delivered 14 electric delivery vans to customers in the second quarter but it is going back to the drawing board to figure out how to add more cargo capacity before it resumes ramping up production. In many ways, the Workhorse (NASDAQ: WKHS) earnings report for the April to June...

The Justice Department is probing financially troubled Lordstown Motors Corp., according to several media reports Friday. It is the latest blow to the company that plans to begin building battery-powered commercial pickup trucks this fall at a former General Motors plant in the northeast Ohio town...

Last week featured five announced SPAC deals. The week also had earnings from several well-known former SPACs. Here is a look back at the week that was SPACs for deals, rumors and headline news all covered on Benzinga’s “SPACs Attack.” Listen to this week's SPACs Attack....

Lordstown Motors Corp. (NASDAQ: RIDE) backtracked on statements by its president that the startup has confirmed orders for its Endurance commercial electric pickup truck, telling the Securities and Exchange Commission (SEC) the orders are solid but not bankable. The reversal of comments by...

Electric vehicle company Lordstown Motors Corp (NASDAQ: RIDE), which completed a SPAC deal in 2020, reported first-quarter financial results after market close Monday. What Happened: Lordstown Motors reported a net loss of $125 million in the quarter. The company had $587...

Marcus Lemonis, CEO of Camping World Holdings Inc (NYSE: CWH), has shared three videos on Twitter of him interacting with and test driving a prototype from Lordstown Motors. What Happened: The videos posted Thursday night show the upcoming Lordstown Motors Corp (NASDAQ: RIDE)...

Shares of Workhorse Group Inc (NASDAQ: WKHS) have been volatile of late. The stock, which was at one point up over 900% this year, has lost roughly half of its value in the last two weeks as investors have moved money away from the previously high-flying electric vehicle theme that dominated...

On Thursday’s “Mad Money” show on CNBC, Jim Cramer changed his tone slightly and highlighted some of the electric vehicle SPACs. Cramer On SPACs: SPACs are basically investments that have “managers with a big pot of money they can use to make deals,” Cramer said....

A new report out Thursday from short seller Fuzzy Panda Research accuses electric vehicle developer Workhorse Group (NASDAQ: WKHS) of misleading investors. What The Short Seller Said: “Workhorse rolled a USPS prototype truck down a hill accidently after their parking brake failed causing...

The race to bring an electric pickup to market is heating up, and now you can bet on it.   The EV Bet: Sports betting site MyBookie is offering odds on the “Race to Deliver All-Electric Pick-Up Truck to Consumers.” Betting with the current odds ends Oct. 11. The site may...

The Ohio Tax Credit Authority has instructed General Motors Company (NYSE: GM) to repay $28 million, an amount the company received in tax credits over the years. What Happened: The government sanction is a direct result of GM’s decision to shut down its Lordstown plant last year, the...

Lordstown Motors is one of the electric vehicle companies going public via the special purpose acquisition route. The company was in the spotlight Monday with one of its prototype electric trucks on display at the White House. What Happened: A Lordstown Motors Endurance truck was shown off on...