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.
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.
An E.V. Start-Up Backed by UPS Does Away With the Assembly Line
Arrival, a developer of electric vans and buses, says it has come up with a cheaper way to build vehicles in small factories. But can it deliver on that promise?
Electric Aircraft Start-Up Accuses Rival of Stealing Its Secrets
A lawsuit by Wisk, partly owned by the Google co-founder Larry Page, says two engineers took sensitive files and data before joining Archer.
Tesla’s once surging stock price is tumbling.
The share price fell by more than 10 percent on Friday morning, a drop that comes as the company faces more competition in the United States and China.
The Next Tesla? Investors Bet Big on Electric Truck Maker Rivian
Rivian, which has raised another $2.65 billion, plans to sell a pickup truck and S.U.V. it has worked on for more than a decade.