Endurance electric pickup truck

SEC smackdown and SuperTruck news overwhelm convention dispatches  

The annual Work Truck Week and American Trucking Associations Maintenance & Technology Council pile on stakeholder-specific dispatches each March. But this week bigger stories originated outside the convention halls in Indianapolis and New Orleans.

The Securities and Exchange Commission in Washington is as good a starting point as any.

Lordstown Motors gets an SEC comeuppance

Nearly three years after Hindenberg Research set its sights on Lordstown Motors Corp., accusing the former special purpose...

https://www.freightwaves.com/news/sec-smackdown-and-supertruck-news-overwhelm-convention-dispatches

Is Lordstown Motors giving up on Endurance electric pickup?

Lordstown Motors (LMC) issued its first recall, covering 19 Endurance commercial electric pickup trucks because they can stop running without warning. It plans a second recall to address issues resulting from its brake part supplier failing to source components to specifications.

“Our team has also worked closely with our supplier network to root-cause the other post-launch quality issues and develop and implement corrective actions, which have included part quality corrections, part design...

https://www.freightwaves.com/news/is-lordstown-motors-giving-up-on-endurance-commercial-electric-pickup

Lordstown Motors closes plant sale to Taiwan’s Foxconn

Front 3/4 view of silver Lordstown Endurance electric pickup truck on display at the Advanced Clean Technology Expo in Long Beach, California.

Lordstown Motors Corp. has sold a former General Motors plant it essentially got for free, netting about $257 million to keep its commercial electric pickup truck production on track. But the new plant owner — Taiwan electronics maker Foxconn — will build the trucks as part of the deal.

The clock was ticking against a Saturday deadline that would have forced LMC to forfeit most of its assets to repay $200 million Foxconn advanced on the plant purchase. 

The cash infusion clears some of the rocks...

https://www.freightwaves.com/news/lordstown-motors-closes-plant-sale-to-taiwans-foxconn

Fresh start or folly? Lordstown Motors tries to thread electric pickup needle

Beleaguered startup Lordstown Motors Corp., facing federal investigations and  production costs for a commercial electric pickup truck that exceed the price it can get for the vehicle, is gamely showing up at industry events focused on the future rather than its ignominious past.

Despite more setbacks than successes, including an ousted founder in the crosshairs of Securities and Exchange Commission and Justice Department probes and financial challenges that led the company to officially...

https://www.freightwaves.com/news/fresh-start-or-folly-lordstown-motors-tries-to-thread-electric-pickup-needle

Truck Talk: Electrical storm edition

This week, we chase storm clouds gathering for electric pickup trucks not wearing a Ford blue oval, speculate on who a big customer at Plus might be and review how Daimler Truck is setting the stage for its independence.

Storm clouds for electric pickups

Now that Ford Motor Co.(NYSE: F) has revealed the F150 Lightning electric truck, it is — or should be — panic time for startups eyeing the battery-powered commercial pickup segment.

At the top of the list, with arguably the most to lose, is...

https://www.freightwaves.com/news/truck-talk-electrical-storm-edition

Breaking News: Electric pickup maker Lordstown Motors going public in reverse merger

Electric pickup truck startup Lordstown Motors Corp. (LMC) is going public through a reverse merger with a special purpose acquisition company (SPAC), the latest clean transportation company to take a fast-track to public trading.

Former Workhorse Group (NASDAQ: WKHS) CEO Steve Burns created LMC in 2019 with the purchase of a former General Motors plant (NYSE: GM) in northeast Ohio. GM is investing $75 million in LMC, including a mortgage loan to LMC and money for retooling the plant.

DiamondPeak...

https://www.freightwaves.com/news/breaking-news-electric-pickup-maker-lordstown-motors-going-public-in-reverse-merger

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