Electric Truck Startup Investigated Over Fake Orders episode artwork

EPISODE · Apr 6, 2021 · 2 MIN

Electric Truck Startup Investigated Over Fake Orders

from IEN Radio · host Eric Sorensen

After more than a half-century of making cars for General Motors, the automaker closed down the local assembly plant in 2019 — then announced it would sell the factory to a newly formed electric vehicle maker bearing the city’s name. Although Lordstown Motors Corp. would employ a fraction of GM’s former workforce, the company appeared poised to leap into the nascent market for electric pickups with its Endurance model — slated to begin production in the fall.Earlier this year, in fact, Lordstown Motors said it had received orders for more than 100,000 pickups, primarily from fleet operators such as utilities and municipal governments.But a new report suggests those orders are largely smoke and mirrors, and the company now faces an investor lawsuit and a federal investigation.

Episode metadata supplied by the publisher feed · Published Apr 6, 2021

Embed this episode

After more than a half-century of making cars for General Motors, the automaker closed down the local assembly plant in 2019 — then announced it would sell the factory to a newly formed electric vehicle maker bearing the city’s name. Although Lordstown Motors Corp. would employ a fraction of GM’s former workforce, the company appeared poised to leap into the nascent market for electric pickups with its Endurance model — slated to begin production in the fall. Earlier this year, in fact, Lords...

Distinct summary based on available episode metadata or transcript content.

NOW PLAYING

Electric Truck Startup Investigated Over Fake Orders

0:00 2:33

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

No similar episodes found.

No similar podcasts found.

Frequently Asked Questions

How long is this episode of IEN Radio?

This episode is 2 minutes long.

When was this IEN Radio episode published?

This episode was published on April 6, 2021.

Can I download this IEN Radio episode?

Yes. Use the download control on the episode player to save the publisher-provided media file.
URL copied to clipboard!