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GM Sells Its Stake in Embattled EV Start-Up Lordstown Motors

GM’s stake in Lordstown Motors was less than 5%. The sale came in the fourth quarter after an undisclosed lockup period.

United statesDan ninivaggiJim cainHon hai technology groupLordstown assemblyGeneral motorsLordstown motors2354 twAutomobiles and componentsReaking news businessUsiness newsFoxconn technology co ltdGeneral motors coLordstown motors corpBs news

GM Sells Its Stake in Embattled EV Start-Up Lordstown Motors

GM’s stake in Lordstown Motors was less than 5%. The sale came in the fourth quarter after an undisclosed lockup period.

United statesDan ninivaggiJim cainHon hai technology groupLordstown assemblyGeneral motorsLordstown motors2354 twAutomobiles and componentsReaking news businessUsiness newsFoxconn technology co ltdGeneral motors coLordstown motors corpBs news

RIDE Stock Pops Even as GM Sheds Its Lordstown Motors Stake

RIDE stock is down more than 20% year-to-date as investors grow nervous about the EV company. In addition, GM has sold its stake.

United statesDan ninivaggiEdward hightowerLordstown motorsGeneral motorsGeneral motors sells itsPresident edward hightower

GM Sells Its Stake in Embattled EV Start-Up Lordstown Motors

GM’s stake in Lordstown Motors was less than 5%. The sale came in the fourth quarter after an undisclosed lockup period.

United statesDan ninivaggiJim cainHon hai technology groupLordstown assemblyGeneral motorsLordstown motors2354 twAutomobiles and componentsReaking news businessUsiness newsFoxconn technology co ltdGeneral motors coLordstown motors corpBs news

GM sells its 7 5 million shares in Lordstown Motors

GM announced it has sold the 7.5 million shares it bought in electric vehicle manufacturer Lordstown Motors in October 2020, but did not disclose how much for.

United statesDan ninivaggiJulio rodriguezSteve burnsJim cainHon hai technology groupGeneral motorsHindenburg researchLordstown assemblyLordstown motorsLordstown motorWall streetErich schmidtChief financial officer julio rodriguez

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