The Endurance was introduced as a fully electric pickup truck with a distinctive design and features tailored to meet up the needs of fleet customers. It had been built on an amazing electric vehicle platform that incorporated in-wheel hub motors, which eliminated the need for a normal drivetrain. Lordstown Motors claimed that design would give …
However, Lordstown Motors has faced several challenges and setbacks since its inception. In 2020, the company went public via a merger with a particular purpose acquisition company (SPAC) called DiamondPeak Holdings Corp. The merger allowed Lordstown Motors becoming a publicly traded company without going through the original initial public offering (IPO) process. The typical safety …
Later in the year, Lordstown Motors’ CEO and CFO resigned, and the business revealed in a regulatory filing so it didn’t have sufficient capital to begin commercial production. The company’s financial situation and internal issues raised concerns about its ability to supply on its promises and fulfill pre-orders. I suggest checking with reliable sources or …
Think Better.
Accomplish More.
Marketed and Distributed by:
Sign up for our newsletter to stay informed about new updates and discounts.
© Copyright – 2019 Rajesh Setty
