Lordstown Motors Overhauls Management; CEO, CFO to Step Down
The C-suite shakeup comes a week after the electric vehicle pickup truck maker issued a "going concern" warning.
Lordstown Motors May Run Out of Gas
The electric vehicle pickup truck maker issued a "going concern" warning, disclosing it didn't have the funds to start commercial production.
Two More SPACs to Restate Financial Results
The restatements follow new SEC guidance on how SPACs should account for the warrants that they typically issue as part of initial public offerings.
Lordstown Motors Responds to Short Seller
A Hindenburg Research report alleged that the truckmaker's product orders "appear largely fictitious and [are] used as a prop to raise capital."
GM Ordered to Repay Ohio $28M In Tax Credits
GM shut down its Lordstown, Ohio, plant last year, despite an agreement to keep it active until 2037.