E.V. Start-up Founder Could Get Prison Term in Fraud Case
Trevor Milton, who founded the truck company Nikola, will be sentenced on Monday in a fraud case that exposed the excesses in the electric vehicle business.
Lordstown Motors, an Electric Truck Maker, Files for Bankruptcy
The company bought a shuttered General Motors plant in Ohio but struggled to produce its pickup truck.
Lordstown Motors Will Work With Foxconn, a Contract Manufacturer
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.
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.
Lordstown Motors Raises Up to $400 Million
The deal would provide badly needed cash to a company that said this summer that it could go out of business without raising more money.
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.
Federal prosecutors are looking into Lordstown, the electric truck company.
It was not clear what issues the prosecutors, with the U.S. attorney’s office in Manhattan, are looking into.
Lordstown Motors Invites Investors and Analysts to Its Factory
After an executive shake-up and conflicting statements about prospects for its electric pickup truck, the start-up is inviting investors to pay a visit.
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.
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.”