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Jun 14, 2021 47 secs

Lordstown Motors said Monday that CEO Steve Burns and CFO Julio Rodriguez have resigned, days after the electric truck maker warned that it had “substantial doubt” about its ability to continue as a going concern in the next year.

Hindenburg accused Lordstown in a March report of using “fake” orders to raise capital for its Endurance electric pickup.

The resignations are the latest blows to Ohio-based Lordstown, which attracted interest after General Motors pulled the plug on its sedan plant in Lordstown, in northeast Ohio, almost two years ago, eliminating more than 1,300 jobs and creating a headache for the local economy that depended on the factory, drawing the ire of former President Donald Trump.

Lordstown Motors bought the assembly plant, and said it hoped to employ more people than its predecessor by the end of 2021.

The company is scheduled to host media, investors, analysts and others next week at its plant, a former General Motors facility, in Ohio

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