Lordstown Motors RIDE Q1 2022 earnings loss Foxconn


The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020.

Matthew Hatcher | Bloomberg | Getty Images

Struggling electric vehicle start-up Lordstown Motors said it’s on track to begin production of its Endurance pickup in the third quarter, about a year later than originally expected. Yet even if it hits that start date, the company expects to lose money on every one of the roughly 500 trucks it hopes to ship by year-end.

Whether Lordstown will survive long enough to face that challenge is still in question. The company’s financial future hangs on a deal it struck last September to sell its Ohio…


0 0 votes
Article Rating

40% of bitcoin investors underwater: Glassnode data

Previous article

Housing market improves as rising mortgage rates weigh on sales

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Autos