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.
Tesla Autopilot and other driver-assistance systems get new scrutiny.
Federal safety regulators told automakers to provide more information about accidents involving cars and trucks with automation technology.
Lordstown Says it Has No ‘Binding’ Orders
The start-up gained attention by purchasing a shuttered General Motors factory in Ohio in 2019. At the time, G.M. was under pressure from President Trump to find a buyer for the plant.
G.M. to Boost Electric Vehicle Spending, Build Battery Plants
General Motors’ push to increase E.V. spending follows an announcement by Ford that it would start making an electric version of its F-150 pickup truck this year.
In an about-face, Lordstown Motors says it will start production in September.
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.”
Lordstown Motors’ Top Executives Resign After Board Investigation
The company’s top executive resigned after the struggling automaker released an investigation by its board.
Lordstown Motors Warns it Can’t Start Production
Lordstown Motors, which bought a shuttered General Motors factory in Ohio, warned that it needs to raise more money and might not survive.
Ford F-150 Lighting is a Major New E.V. Contender
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 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.
E.V. Buying Guide: What to Know About Models, Batteries, Charging and More
Buying an electric car can be exciting and bewildering. Consider what kind of car you want and need and where you will charge.