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The Latest Breaking News from Lordstown

Lordstown Motors has just warned that it could very soon be forced to file for bankruptcy, because it would run out of the cash it needs to fund its operations.

The Street

Ford Breaks Out EV Losses As Gas-Powered Autos Fuel Q1 Earnings Beat

The Ford earnings report comes after the auto giant saw delivery volumes grow, and EV sales jump, during the quarter.

Investors Business Daily

Lordstown Warns Of Bankruptcy As Foxconn Threatens To Cut Funding

Foxconn's decision was rushed by a Nasdaq warning to Lordstown that its stock may be delisted after falling below a minimum $1 per share for 30 straight days.

InsideEVs

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Lordstown Resumes Production, Deliveries Of Endurance EV Pickup

Lordstown Motors had paused production in February 2023 to address supplier quality issues that caused a recall of 19 of a total of 31 units built at the time.

InsideEVs

Lordstown Recalls 5 Of The 31 Endurance Pickups It Ever Made

Lordstown says that the problem originates from its supplier, Akebono, which delivered certain rear electric park brake (EPB) calipers with thrust washers that haven’t been properly heat treated.

InsideEVs

Lordstown Making New EV Plans After Selling 3 Electric Trucks In 2022

Lordstown Motors is among a growing list of struggling startup EV makers, and it seems it may need to go in a new direction quickly or it may not make it.

InsideEVs

Lordstown Pauses Production And Deliveries, Recalls 19 Endurance EVs

The company says it has experienced performance and quality issues with certain components "that could result in a loss of propulsion while driving."

InsideEVs

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15 Best Selling Trucks Of 2022

Ford maintains the top spot for the 46th consecutive year, but Chevrolet and Ram aren’t far behind.

Motor1

Elon Musk's 'Golden Child' Tesla At Crossroads, Rivian Flags Spending Cut, Lucid Strikes Funding Deals And More: Week's Biggest EV Stories

Electric vehicle stocks meandered to a mixed close in the week ending Nov. 11, with earnings news and the broader market sentiment serving as catalysts. Tesla, Inc.

Benzinga

Q3 EV Earnings Need A Charge: Lordstown, Lucid Miss — What About Amazon-Backed Rivian?

Lordstown Motors Corp (NASDAQ:RIDE) and Lucid Group Inc (NASDAQ:LCID) shares are hitting the brakes Wednesday after the EV startups failed to dazzle investors with their quarterly results.

Benzinga

Lordstown Motors Shares Are All Over The Place After Q3 Earnings: Next Up, Lucid Group

Lordstown Motors Corp (NASDAQ: RIDE) shares were trading higher Tuesday morning after the company announced an expanded partnership with Foxconn.

Benzinga

Lordstown Stock Surges As Apple Supplier Foxconn Takes 18.3% Stake

"We acknowledge and appreciate the confidence in our team that is shown by this investment,' said CEO Ed Hightower.

The Street

Foxconn Completes Ohio Plant Purchase, Endurance EV May Be Delayed

As part of the deal, Foxconn also assumes the responsibility for assembling the Endurance electric pickup and hires 400 manufacturing employees from Lordstown.

InsideEVs

Why Lordstown Motors Shares Are Sliding Today

Lordstown Motors Corp (NASDAQ:RIDE) reported a first-quarter FY22 loss per share of $(0.46), in line with the consensus of $(0.46) and against a loss of $(0.72) last year. The total operating expenses declined 17.3% Y/Y to $87.9 million. The operating loss incurred for the quarter was $(87.88) million versus $(106.21) million last…

Benzinga

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The Street

A Tesla Challenger May Miss a Key Deadline - Again

A scrappy startup once again delays production of its electric truck.

Benzinga

Lordstown, Foxconn Postponed Ohio Factory Sale Deadline

Lordstown Motors Corp (NASDAQ:RIDE) agreed to push back the deadline to sell its Ohio factory to Hon Hai Precision Industry Co Ltd (OTC:HNHPF), operating as Foxconn, Bloomberg reports. The struggling EV startup needs to repay Foxconn if the deal does not close by May 14. Foxconn acknowledged that the two sides were still negotiating…

Financial Times

Electric vehicle start-ups face their toughest challenge: making cars

Investors have bet heavily hoping to find the next Tesla, but many EV groups are struggling to make the production process work

StockNews.com

Cenntro Electric Group vs. Lordstown Motors: Which EV Stock is a Better Buy?

Today I'll analyze and compare Cenntro Electric Group (CENN) and Lordstown Motors (RIDE) to determine which EV stock is currently a better buy.

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The Street

GM Makes Another Big Move In the Electric Vehicle Market

The automaker had invested in a cash-strapped Tesla rival.

The Street

Did GM Just Give Lordstown Motors The Kiss of Death?

Detroit auto giant GM had invested in the cash-strapped EV startup Lordstown.

InsideEVs

GM Dumped Lordstown Motors Stock In The Fourth Quarter Of 2021

GM says the only reason it bought Lordstown stock in the first place was to allow the EV startup to complete the purchase of the plant and restart production.

Benzinga

Why Lordstown Motors Shares Are Falling

Lordstown Motors Corp (NASDAQ: RIDE) shares are trading lower by 19.7% at $2.58 after the company reported fourth-quarter earnings results and said it expects commercial production and sales of the Endurance of approximately 500 units in 2022 growing to as many as 2,500 units in 2023.

Investors Business Daily

Lucid Stock Sinks As Tesla Rival Slashes 2022 Production Outlook; GM Sells Lordstown Stake

Lucid earnings missed and the startup cut 2022 output guidance. Lucid stock sank.

Benzinga

Lordstown Motors Stock Slides Post Q4 Results; Reaffirms Q3'22 Target For Endurance Sales

Lordstown Motors Corp (NASDAQ:RIDE) reported a fourth-quarter FY21 loss per share of $(0.42), beating the consensus of $(0.73). The total operating expenses rose 120.7% Y/Y to $84.6 million. The operating loss incurred for the quarter was $(84.66) million versus $(38.35) million last year. The company held $244 million in cash and equivalents…

Tribune News Service

Lordstown Motors and its post-SPAC peers keep losing executives

The past month has been a rough one for some of the electric vehicle startups that went public by merging with special purpose acquisition companies, or SPACs. Lordstown Motors, Canoo and Electric Last Mile Solutions all have seen key personnel leave, and all three are under investigation by the U.S.…

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