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Investor report assaults LM, new company's stock takes a big hit | News, Sports, Jobs


Special to the Journal
LORDSTOWN An investment research firm known for short-selling stocks issued a scathing report on Lordstown Motors Corp., claiming the upstart electric-vehicle company has no sellable product and has misled its investors.
Shares of Lordstown Motors stock dropped 16.5 percent Friday to close at $14.78 per share after New York City-based Hindenburg Research the same day released the report characterizing the company as a mirage.
Lordstown Motors is operating out of the former General Motors assembly plant in Lordstown. It bought the plant with GM’s help to produce an electric truck, the Endurance, for use by fleets after GM idled the facility in March 2019. ....

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Investor report assaults Lordstown Motors, new company's stock takes a big hit | News, Sports, Jobs

LMC surpasses 100K Endurance preorders | News, Sports, Jobs


Jan 12, 2021
LORDSTOWN Lordstown Motors Corp. has surpassed a milestone 100,000 preorders from commercial fleets for its battery-powered Endurance pickup truck, with an average size of nearly 600 vehicles per order.
Monday’s announcement comes on the heels of news last week that Mike Albert Fleet Solutions, a Cincinnati-based national fleet management company, reserved a “significant quantity” of the truck on behalf of the company’s clients.
Also, it was announced in late December that Texas-based E Squared Energy Advisors, a tech company that specializes in the development of green energy resources, signed a letter of intent to buy 14,000 Endurances over the next three years. ....

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