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InsideEVs
InsideEVs
Technology

Bankrupt Lordstown Motors Founder Buys Remaining Company Assets

Lordstown Lordstown Motors Julio Rodriguez Steve Burns SEC Lordstown Motors Corp

Fitting with its now-delisted stock symbol ticker $RIDE, Lordstown Motors Corp. has been in for a rough ride. After building a mere three trucks in 2022, Lordstown's fate was quickly encroaching. In June 2023, Lordstown Motors filed for Chapter 11 bankruptcy. Following its bankruptcy, the EV pickup manufacturer had to pay Karma Automotive $40 million thanks to a lawsuit regarding stolen intellectual property.

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