The electric-car maker has weathered the global shortage of semiconductors better than more established rivals.
The company, which is backed by Amazon and Ford, is seeking to sell shares in one of the biggest initial public offerings of the year.
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.
The automaker and a supplier will spend $11.4 billion on three battery factories and a truck plant, creating 11,000 jobs.
As the nation shifts to electric vehicles, picture well-kept but long discontinued gas-powered pickups, especially in areas where charging stations may be sparse.
As the nation shifts to electric vehicles, picture well-kept but long discontinued gas-powered pickups, especially in areas where charging stations may be sparse.
A report by a liberal think tank tries to quantify the potential employment gains and losses, concluding that subsidies will be crucial.
A report by a liberal think tank tries to quantify the potential employment gains and losses, concluding that subsidies will be crucial.
Normal, Ill., is hoping the upstart electric vehicle maker Rivian can help the town become thriving once again.
Climate changes is a global problem that we must address in our own lives.