Lordstown said last week that it needed to raise more money and might not survive. Now, the company’s new executive chairwoman has said “It’s a new day at Lordstown Motors.”
The company’s top executive resigned after the struggling automaker released an investigation by its board.
Lordstown Motors, which bought a shuttered General Motors factory in Ohio, warned that it needs to raise more money and might not survive.
If it sells well, an electric version of the best-selling vehicle in the U.S. could help accelerate the move to electric vehicles.
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.
Buying an electric car can be exciting and bewildering. Consider what kind of car you want and need and where you will charge.
The president is hoping to make electric vehicles more affordable to turn a niche product into one with mass appeal.
The country’s stance would seem to put it on the wrong side of market trends. But with its huge investment in gasoline-electric hybrids, it has big reasons to proceed slowly.
As automakers promise to get rid of internal combustion engines, Heidelberg is trying to get rid of autos.
Even before G.M. announced it would work toward eliminating emissions from its vehicles, more automakers were putting E. V.s in their showrooms. Here’s a roundup.
