![]() ![]() In the report, Hindenburg presented evidence that demonstrated a history of fraud at Lordstown, with the company misleading investors by exaggerating demand and orders for its trucks, as well as Lordstown's ability to build these trucks. In March 2021, the investment research firm Hindenburg Research, which specializes in short-selling, published a lengthy report about Lordstown. It is Lordstown's first service center outside of Ohio, with California chosen due to "the favorable regulatory backdrop in the state, which is aggressively promoting more widespread adoption of electric vehicles", according to the company. In January 2021, the company announced the opening of a vehicle service center in Irvine, California to support customers in the Southern California region. On the same day, GM released Lordstown Motors from its mortgage obligations related to the purchase of the Lordstown factory. The merger gave Lordstown Motors an estimated equity value of US$1.6 billion. In October 23, 2020, Lordstown reverse merged with a special-purpose acquisition company (SPAC) named DiamondPeak Holdings and became listed on the NASDAQ stock exchange. As part of the business deal, Workhorse Group was given a 10% equity stake in Lordstown Motors. In March 2020, Lordstown Motors paid Workhorse Group US$12 million dollars for the licensing rights to the intellectual property of the Workhorse W-15 pickup truck, with the intention of developing its own electric pickup truck based upon Workhorse's preexisting design. GM loaned Lordstown Motors US$40 million in order to underwrite a substantial part of the plant purchase. On November 7, 2019, Lordstown Motors became the owner of the former GM Lordstown plant, after signing a sales agreement with automaker General Motors in May 2019. Lordstown Motors was founded in 2018 by Steve Burns, former CEO of Workhorse Group. History The Lordstown Plant on June 25, 2020, during a visit from Vice President Mike Pence. ![]() Lordstown Motors was known for their Lordstown Endurance electric pickup truck. The company was based at the Lordstown Assembly plant, previously a General Motors factory. ![]() Lordstown Motors Corporation ( LMC) was an American electric vehicle automaker located in Lordstown, Ohio. With a bed measuring around 5.5 feet, the Endurance can carry a decent amount of cargo - close to 60 cubic feet.US$0 (Fiscal Year Ended 31 December 2020) With a 9.6-cubic-foot frunk in front, the Lordstown Endurance's cargo space should make it particularly practical. As it has more of a commercial focus, the Lordstown Endurance's seats are expected to be upholstered in hardy materials, but perhaps faux leather will be on offer for customers wanting a touch of luxury. With its four-door, crew cab body style, there should be sufficient legroom inside for passengers in the second row. It looks like Apple CarPlay will be incorporated into the infotainment system, but we aren't certain about the inclusion of Android Auto just yet. There is a physical rotary controller on the center console to the left of a pair of easily accessible cupholders. Based on pictures we've seen, the steering wheel has touch-sensitive controls - but not everything is touch-sensitive. Three displays under one housing are positioned ahead of the driver for essential information and infotainment. ![]() Like the exterior, the Lordstown Endurance's interior has a simple design. ![]()
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