As Lordstown Motors officially files for bankruptcy, the company also filed a complaint against Foxconn.
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As production resumes for Lordstown Motors' electric Endurance pickups, the company announced an agreement to use Amerit Fleet Solutions' service and maintenance to its commercial fleet customers.
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Homologation is a big word - and a key condition to start sales. Lordstown achieved it, plus received certifications, testing, and the first vehicles are leaving the plant.
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It’s been a bumpy ride to get here, and the electric truck maker’s ability to scale production is still cloudy.
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The maker of an all-electric commercial pickup truck now plans to start production later this year as it aligns and draws on capital funding sources.
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The departures follow financial and production challenges in a more competitive and growing market for electric pickup trucks.
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A day after filing an amended 10-K that casts doubt on the electric-truck maker’s survival into 2022, the company said it has “multiple avenues to raise capital."
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The release of the beta models, two of 57 to be produced, comes at a critical juncture for the upstart electric automaker.
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The partnership will help fleets integrate the Lordstown Endurance, an all-electric commercial pickup truck, into their vocational fleet operations.
Read More →Among other business updates, the company announced it has started its outreach to state and local government entities, including the U.S. military, to sell the Lordstown Endurance all-electric pickup.
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