Lordstown, Ohio

IDTechEx Discusses Electric Pickups: The Next Big EV Opportunity

Retrieved on:

Tuesday, September 19, 2023

However, a key benefit of an electric pickup is the ability to use the vehicle as a power bank.

Key Points:

However, a key benefit of an electric pickup is the ability to use the vehicle as a power bank.
In 2022, IDTechEx found the average battery electric car in the US had a capacity of 76.5kWh.
IDTechEx's report, "Electric Vehicles: Land, Sea, and Air 2024-2044", finds the EV market across these segments will be a multi-trillion dollar industry by 2044.
To find out more about the IDTechEx report "Electric Vehicles: Land, Sea, and Air 2024-2044", including downloadable sample pages, please visit www.IDTechEx.com/EV .

IDTechEx Discusses Electric Pickups: The Next Big EV Opportunity

Retrieved on:

Tuesday, September 19, 2023

However, a key benefit of an electric pickup is the ability to use the vehicle as a power bank.

Key Points:

However, a key benefit of an electric pickup is the ability to use the vehicle as a power bank.
In 2022, IDTechEx found the average battery electric car in the US had a capacity of 76.5kWh.
IDTechEx's report, "Electric Vehicles: Land, Sea, and Air 2024-2044", finds the EV market across these segments will be a multi-trillion dollar industry by 2044.
To find out more about the IDTechEx report "Electric Vehicles: Land, Sea, and Air 2024-2044", including downloadable sample pages, please visit www.IDTechEx.com/EV .

The Law Offices of Frank R. Cruz Announces Investigation of Lordstown Motors Corp. (RIDE) on Behalf of Investors

Retrieved on:

Wednesday, June 28, 2023

Class Action Lawsuit, Professional Services, Legal, Lordstown, Ohio, Suite, Law, News, Chapter 11, Title 11, United States Code

The Law Offices of Frank R. Cruz announces an investigation of Lordstown Motors Corp. (“Lordstown” or the “Company”) (NASDAQ: RIDE ) on behalf of investors concerning the Company’s possible violations of federal securities laws.

Key Points:

The Law Offices of Frank R. Cruz announces an investigation of Lordstown Motors Corp. (“Lordstown” or the “Company”) (NASDAQ: RIDE ) on behalf of investors concerning the Company’s possible violations of federal securities laws.
On June 27, 2023, the Company filed for a restructuring through a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code.
On this news, Lordstown’s stock price fell $0.475, or 17.2%, to close at $2.29 per share on June 27, 2023, thereby injuring investors.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Lordstown Motors Corp. (RIDE) on Behalf of Investors

Retrieved on:

Tuesday, June 27, 2023

Class Action Lawsuit, Professional Services, Legal, Lordstown, Ohio, Telephone, Suite, News, Chapter 11, Title 11, United States Code, Cryptocurrency

Law Offices of Howard G. Smith announces an investigation on behalf of Lordstown Motors Corp. (“Lordstown” or the “Company”) (NASDAQ: RIDE ) investors concerning the Company’s possible violations of federal securities laws.

Key Points:

Law Offices of Howard G. Smith announces an investigation on behalf of Lordstown Motors Corp. (“Lordstown” or the “Company”) (NASDAQ: RIDE ) investors concerning the Company’s possible violations of federal securities laws.
On June 27, 2023, the Company filed for a restructuring through a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code.
On this news, Lordstown’s stock price fell $0.475, or 17.2%, to close at $2.29 per share on June 27, 2023, thereby injuring investors.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Lordstown Motors Announces Production and Delivery Pause to Address Quality Issues, Voluntary Recall, and Timing of Fiscal Year 2022 Financial Results and Webcast

Retrieved on:

Thursday, February 23, 2023

Root cause analysis, Lordstown, Ohio, LMC, Engine, OEM, Software, National Highway Traffic Safety Administration, NHTSA

Lordstown Motors Corp. also announced today that it has experienced performance and quality issues with certain Endurance components that have led the company to temporarily stop production and customer deliveries since our last production update in January.

Key Points:

Lordstown Motors Corp. also announced today that it has experienced performance and quality issues with certain Endurance components that have led the company to temporarily stop production and customer deliveries since our last production update in January.
Lordstown is working with its supplier network to implement a corrective action that the Company believes will address this issue.
The recall will affect 19 vehicles that are either in the hands of customers or being used internally by LMC.
LMC intends to provide a more detailed update on the status of these matters on its upcoming earnings call.

Lordstown Motors Announces Timing of Second Quarter 2021 Financial Results and Webcast

Retrieved on:

Wednesday, July 28, 2021

Electric vehicles, Lordstown Motors, Lordstown, Ohio, Lordstown Endurance, Workhorse Group

LORDSTOWN, Ohio, July 28, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (Lordstown Motors), a leader in electric light duty trucks focused on the commercial fleet market, today announced that it will release its second quarter 2021 financial results after market close on August 11, 2021.

Key Points:

LORDSTOWN, Ohio, July 28, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (Lordstown Motors), a leader in electric light duty trucks focused on the commercial fleet market, today announced that it will release its second quarter 2021 financial results after market close on August 11, 2021.
The call can be accessed via a live webcast accessible on the Events page of Lordstown Motors Investor Relations website at https://investor.lordstownmotors.com/ .
An archive of the webcast will be available shortly after the call.
Lordstown Motors is an Ohio-based original equipment manufacturer of light duty fleet vehicles created with the purpose of transforming Ohio's Mahoning Valley and Lordstown, Ohio into the epicenter of electric-vehicle manufacturing.

Were You A DiamondPeak Holdings Corp. Shareholder? Kehoe Law Firm, P.C. Merger Investigation On Behalf Of Former DiamondPeak Investors

Retrieved on:

Tuesday, July 20, 2021

Lordstown Motors, Lordstown, Ohio, Companies

PHILADELPHIA, July 20, 2021 (GLOBE NEWSWIRE) -- Kehoe Law Firm, P.C. is investigating whether certain officers and/or directors of DiamondPeak Holdings Corp. (“DiamondPeak” or the “Company”) (NASDAQ: DPHCU) received greater benefits than DiamondPeak investors as a result of the Company’s merger with Lordstown Motors Corp. (“Lordstown”) (NASDAQ: RIDE) on October 23, 2020.

Key Points:

is investigating whether certain officers and/or directors of DiamondPeak Holdings Corp. (DiamondPeak or the Company) (NASDAQ: DPHCU) received greater benefits than DiamondPeak investors as a result of the Companys merger with Lordstown Motors Corp. (Lordstown) ( NASDAQ: RIDE ) on October 23, 2020.
On August 1, 2020, DiamondPeak executed a merger agreement with the predecessor to Lordstown, with a September 21, 2020 record date for the shareholder vote.
On October 23, 2020, DiamondPeak closed the merger transaction, with Lordstown continuing as the successor entity.
IF YOU WERE A DIAMONDPEAK SHAREHOLDER AND WISH TO DISCUSS KEHOE LAW FIRMS INVESTIGATION OR HAVE QUESTIONS ABOUT YOUR POTENTIAL LEGAL RIGHTS, PLEASE CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT.

John R. Whitcomb Joins Lordstown Motors As Vice President, Global Commercial Operations To Lead Company’s Go-To-Market Strategy

Retrieved on:

Thursday, June 17, 2021

Electric vehicles, Lordstown Motors, Cars, Lordstown Endurance, Lordstown, Ohio, Lordstown Assembly

LORDSTOWN, Ohio, June 17, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (Lordstown Motors), a leader in electric light duty trucks focused on the commercial fleet market, has announced senior automotive executive John R. Whitcomb has joined the company as Vice President, Global Commercial Operations, effective June 21, 2021.

Key Points:

LORDSTOWN, Ohio, June 17, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (Lordstown Motors), a leader in electric light duty trucks focused on the commercial fleet market, has announced senior automotive executive John R. Whitcomb has joined the company as Vice President, Global Commercial Operations, effective June 21, 2021.
Mr. Whitcomb will be responsible for driving the companys overall go-to-market strategy ahead of the start of production of the Lordstown Endurance in late-September 2021.
In the newly created role, Mr. Whitcomb will develop the strategic business model for Lordstown Motors sales and service footprint, working alongside the team to establish a national sales network.
Additionally, he will be tasked with exploring long term international strategies to determine where and when to expand.

Lordstown Motors Announces Leadership Transition

Retrieved on:

Monday, June 14, 2021

Electric vehicles, Cars, Lordstown Motors, Lordstown Endurance, Lordstown, Ohio, Workhorse Group, Lordstown Assembly

LORDSTOWN, Ohio, June 14, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (Lordstown Motors or the Company), a leader in electric light duty trucks focused on the commercial fleet market, today announced several changes to its executive management team as the Company begins to transition from the R&D and early production phase to the commercial production phase of its business.

Key Points:

LORDSTOWN, Ohio, June 14, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (Lordstown Motors or the Company), a leader in electric light duty trucks focused on the commercial fleet market, today announced several changes to its executive management team as the Company begins to transition from the R&D and early production phase to the commercial production phase of its business.
On behalf of the Board of Directors, David Hamamoto stated, Lordstown Motors has achieved significant milestones on the path to developing the first and best full-size all-electric pickup truck, the Lordstown Endurance.
Key individuals, along with their roles and responsibilities, include:
Rich Schmidt, President of Lordstown Motors, will continue to oversee all day-to-day operations, including manufacturing and engineering.
Lordstown Motors is an Ohio-based original equipment manufacturer of light duty fleet vehicles, with the purpose of transforming Ohios Mahoning Valley and Lordstown, Ohio, into the epicenter of electric-vehicle manufacturing.

Lordstown Motors Reports Results Of Special Committee Investigation Of Hindenburg Research Report

Retrieved on:

Monday, June 14, 2021

Corporate finance, Lordstown Motors, Companies, Hindenburg Research, The Hindenburg, Lordstown, Ohio, LZ 129 Hindenburg

LORDSTOWN, Ohio, June 14, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (Lordstown Motors or the Company), a leader in electric light duty trucks focused on the commercial fleet market, has received the below statement regarding the results of the investigation conducted by the Special Committee of its Board of Directors into the report published by Hindenburg Research on March 12, 2021 (the Hindenburg Report).

Key Points:

LORDSTOWN, Ohio, June 14, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (Lordstown Motors or the Company), a leader in electric light duty trucks focused on the commercial fleet market, has received the below statement regarding the results of the investigation conducted by the Special Committee of its Board of Directors into the report published by Hindenburg Research on March 12, 2021 (the Hindenburg Report).
In response, the Lordstown Motors Board of Directors established a Special Committee of independent directors to investigate the allegations made in the Hindenburg Report.
The Special Committees investigation concluded that the Hindenburg Report is, in significant respects, false and misleading.
The Hindenburg Report cites a purported statement from an anonymous former Lordstown Motors employee that Lordstown Motors switched from plastic frames to aluminum frames earlier this year.