Recent events
Recent events tied to this brand in public sources.
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2021
Foxconn agrees to seek a manufacturing contract for Lordstown Motors’ Endurance pickup
Foxconn agreed to seek an outsourced manufacturing contract to produce Lordstown Motors’ first product, the Endurance electric pickup. The source describes seeking a contract, not a completed manufacturing arrangement.
2021
Foxconn and Lordstown Motors agreed to pursue an electric-vehicle project
Foxconn announced a non-binding framework agreement with Lordstown Motors to pursue an electric-vehicle cooperation project at Lordstown Motors’ Ohio production and assembly plant; final terms remained subject to negotiation.
2021
Foxconn completes acquisition of Ohio car factory
Foxconn completed its acquisition of a former General Motors car factory in Ohio from Lordstown Motors for $230 million. The reported total also included an agreement for Foxconn to buy $50 million of Lordstown Motors common stock and build its Endurance pickup.
2021
Foxconn agrees to acquire Lordstown Motors stake and Ohio factory
Foxconn struck a deal with Lordstown Motors that included a roughly 4% stake in the company and purchase of its Ohio manufacturing complex. The source reports the deal as an agreement, not a completed acquisition.
2021
Lordstown Motors reports a potential $400 million investment commitment
Lordstown Motors said that hedge fund YA II PN Ltd. would invest $400 million if the company needed it; the investment would be made through a stock purchase if Lordstown shareholders approved.
2021
Lordstown Motors CEO and CFO resign
Lordstown Motors said CEO Steve Burns and CFO Julio Rodriguez had abruptly resigned, with their resignations effective immediately.
2021
Lordstown Motors names interim CFO and executive chairwoman
Becky Roof was to take over as interim CFO, and Lordstown Motors lead independent director Angela Strand was appointed executive chairwoman.
2020
Lordstown Motors and Camping World announce partnership
Lordstown Motors and Camping World announced a partnership that includes Camping World servicing Lordstown's Endurance pickup. The companies also said they were working together on electrifying recreational vehicles.
2020
Lordstown Motors names Joe Burrow as brand spokesperson
Lordstown Motors partnered with Joe Burrow as its first brand spokesperson. He was to help the electric truck company launch its “Work for it” promotional campaign for the Endurance pickup.
2020
Lordstown Motors unveils Endurance pickup prototype
Lordstown Motors unveiled a prototype of its Endurance electric pickup truck, which the article describes as aimed at commercial-market buyers.
2019
General Motors completes sale of Lordstown complex
General Motors announced that it had completed the sale of its Lordstown, Ohio complex to Lordstown Motors Corp.
2019
Lordstown Motors to license Workhorse electric-drive technology
Lordstown Motors said it would license components of Workhorse Group’s electric-drive technology for use in building the Endurance electric pickup truck. The agreement also provided an opportunity to transfer existing Workhorse pre-orders to Lordstown Motors.
2019
Lordstown Motors announces acquisition of former GM factory
Lordstown Motors announced that it had acquired the GM manufacturing complex in Lordstown, Ohio. The company said the move would pave the way for production of its Endurance electric pickup truck.
2019
Workhorse and Lordstown Motors enter into an IP licensing agreement
Workhorse entered into an agreement granting Lordstown Motors a three-year exclusive license to certain intellectual property related to Workhorse's W-15 electric pickup truck, in exchange for equity and license-related payments.
2011
Investor files lawsuit against Lordstown Motors
Investor Matthew Rico filed a federal lawsuit against Lordstown Motors alleging that the company made false and misleading statements about preorders for its Endurance pickup and its planned September launch. The article reports the allegations; it does not establish them as findings.
2011
SEC investigation into Lordstown Motors disclosed
Lordstown Motors CEO Steve Burns disclosed that the U.S. Securities and Exchange Commission had opened an investigation into the company. The article also reports that the company was complying with the inquiry and that its board formed a special committee to review the matter.
2011
SEC opens investigation into Lordstown Motors
The U.S. Securities and Exchange Commission opened an investigation into Lordstown Motors, as disclosed by the company’s CEO. The article says the company was complying with the inquiry and its board formed a special committee to review the matter.