Tag: Lordstown
Lordstown Motors reaches a $40 million settlement with Karma Automotive
Lordstown Motors announced on August 15 that it had reached a $40 million settlement with Karma Automotive over a 2020 lawsuit in which the...
Lordstown Motors sues former partner Foxconn after filing for bankruptcy
Electric vehicle brand Lordstown Motors is suing its former business partner Foxconn after filing for bankruptcy on June 27.
The conflict stems from a deal...
EV startups facing another tough quarter of high cash burn
Reuters reports that American EV startups are expected to disclose another quarter of falling cash reserves.
The report piles on the pressure for a group...
Ford set to begin production of the all-electric F-150
The concept of an all-electric Ford F-150 has been anticipated for a while, and the automaker is taking the first steps to move from...
GM to Move Forward with Transformation Plans
This past month, GM rocked the automotive industry when the company announced wide-scale changes, including layoffs that would “reduce salaried and salaried contract staff...
