Rivian, Electric Vehicle Start-Up, Unveils Large Losses in I.P.O. Filing
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.
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.
Biden’s Electric Car Plans Hinge on Having Enough Chargers
The United States has about 100,000 public chargers, far fewer than Europe and China. It needs 10 times as many, auto experts say, to complete the switch from combustion engine vehicles.
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.
Nikola Founder Trevor Milton Charged With Securities Fraud
Federal prosecutors charged Mr. Milton with misleading investors about the technology for battery- and hydrogen-powered vehicles Nikola had hoped to manufacture.
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.
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.”
Lordstown Motors’ Top Executives Resign After Board Investigation
The company’s top executive resigned after the struggling automaker released an investigation by its board.
Ford Motor Shows Signs of Revival Under Jim Farley
Analysts credit the new chief executive, Jim Farley, with energizing the automaker, which still faces challenges.