Lordstown Motors news
The former chief executive of Icahn Enterprises will take over at Lordstown Motors two months after the former CEO and chief financial officer stepped down amid doubts over the number of orders placed for the electric truck startup’s marquee vehicle.
Startup commercial electric vehicle maker Lordstown Motors says it may not be in business a year from now as it tries to secure funding to start full production of an electric pickup truck.
On the outside, the electric version of Ford’s F-150 pickup looks much like its wildly popular gas-powered version. Yet the resemblance is deceiving. With its new battery-powered truck, Ford is making a costly bet that buyers will embrace a vehicle that would help transform how the world drives.